This is the average bank rate, for a deposit of $10,000. Data is sourced from our archived rates, as at 5pm each Friday.
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1 Comments
hi i am hoping you can help me.I lent $150000 to a family member in May 2014 and that was paid back in Oct 2019. We agreed interest would be paid at the same rate as a 1 year term deposit rate.It was meant to be for a year or two but took longer.If i had the money each year i would of put it in a 1 year term deposit account so it was ok with me.I looked at your charts and you have one that covers term deposits,but it does not go back far enough.is it possible that you have a chart that goes back to 2014.If not could you tell me where i could get one.We had nothing in writing and there is no dispute,i am just trying to find a way of calculating what i have to charge in interest to be no worse off than putting it in a 1 year term deposit each year,thanks for any help Ash