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Westpac Bank

Currently the Westpac Bank in Australia is offering fixed term deposits at 6.8%.
Today interest rates in Australia are at 3.75%, so the crystal ball tells us that, Australia will be hiking interest rates in the future.

Only complaint is, that due to the first home buyers program offered by the Rudd Government Stimulus package, locals in the tax industry predict that there will be a Subprime type burst here next year, 2010 when these ilequiped home buyers, need to pay their rates, and land taxes.

Disclosure: No disclosures.