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  2. Official cash rate - Wikipedia

    en.wikipedia.org/wiki/Official_Cash_Rate

    The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans between commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy. The ...

  3. List of banks in Australia - Wikipedia

    en.wikipedia.org/wiki/List_of_banks_in_Australia

    Australian Military Bank (previously Australian Defence Credit Union) [5] Sydney: 1959: Australian Mutual Bank (previously Sydney Credit Union & Endeavour Mutual Bank) [6] Sydney: 1953 Customer-Owned [7] Certified 2022 [8] Australian Settlements Limited [9] Sydney: 1993: Australian Unity Bank [10] Melbourne: 1840 Subsidiary of Australian Unity ...

  4. Banking in Australia - Wikipedia

    en.wikipedia.org/wiki/Banking_in_Australia

    The central bank is the Reserve Bank of Australia (RBA). The Australian government’s Financial Claims Scheme guarantees deposits up to $250,000 per account-holder per ADI in the event of the ADI failing. [2] Banks require a bank licence under the Banking Act 1959. Foreign banks require a licence to operate through a branch in Australia, as do ...

  5. Judo Bank - Wikipedia

    en.wikipedia.org/wiki/Judo_Bank

    Judo Bank is an Australian neobank focused on small and medium-sized enterprise lending but also offers a range of personal term deposit products to consumers. As of January 2020 [update] , Judo Bank had lent $1B to Australian businesses and another $1B in digital retail term deposits.

  6. What Is a Term Deposit? - AOL

    www.aol.com/term-deposit-223208661.html

    The highest term deposit rates are paid on so-called “Jumbo” CDs, which in most cases have minimums set at $100,000 or more. Demand and Term Deposits There’s an important difference between ...

  7. Reserve Bank of Australia - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_Australia

    The Reserve Bank is currently governed by the Reserve Bank Act 1959. [4] Section 10(2), commonly referred to as the Bank's charter, states that Bank's duty is "to ensure that the monetary and banking policy of the Bank is directed to the greatest advantage of the people of Australia" to be achieved by exercising its powers "to contribute to:

  8. Financial system in Australia - Wikipedia

    en.wikipedia.org/wiki/Financial_system_in_Australia

    Many large foreign banks have a presence, but few have a retail banking presence. The central bank is the Reserve Bank of Australia (RBA). Since 2008 the Australian government has guaranteed deposits up to $250,000 per customer per institution against banking failure. [2]

  9. HSBC Bank Australia - Wikipedia

    en.wikipedia.org/wiki/HSBC_Bank_Australia

    HSBC offers a wide range of bank accounts in Australia, including transaction and savings accounts, term deposits, and foreign currency accounts.. All of HSBC's transaction accounts include a linked Visa Debit card, fee-free access to over 3000 ATMs Australia-wide, which include those from HSBC and banks that offer access to fee-free ATMs, access to mobile and internet banking, and are rated 5 ...