I have a Term Deposit with Westpac, admittedly taken out 30...

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    I have a Term Deposit with Westpac, admittedly taken out 30 months ago. I walked around several banks, negotiating, quoting one bank against another. I ended up going with Westpac as they offered 3.2%, payable monthly. It terminates in December of this year and now I will be stuck with a pathetic interest rate. Maybe should put a deposit on a house instead?

    ps I go with the "I will need to make a phone call...." and "That is an excellent offer as it stands." Because all banks are within easy walking distance and threaten to enquire around, they know I mean what I say. Sure, took maybe a morning effort with coffee breaks between, but when retired, who cares? Not me. The monthly payment of course means 3.2% doesn't reflect true return.
 
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