Whilst the RBA Interest Rate cuts improve the situation for borrowers it decimates the income for savers. Begging the question, what is one to do?

The answer is, look into a La Trobe 12 Month Term Account. They offer a rate of 5.20%pa compared to the current bank Term Deposit rates here or bank saving account rates here.

To find out more please see the attached Product Sheet and Product Disclosure Statement (PDS). If you are interested in availing yourself of this please complete the application form provided as an extract of the pds and return to me. Of course, should you wish to discuss in more detail please do not hesitate to contact me.