RBA+0.75% is the usual rate for the past few quarters, and...

RBA+0.75% is the usual rate for the past few quarters, and RBA+0.5% 2 years back (negotiating power probably increased it).

But a couple of days ago, the big banks raised term deposit rates by 0.6-0.7% (though not ANZ), out of step with RBA's cut. In effect a net 0.85-0.95% increase relative to RBA's 0.25% cut.

If the same happened to our ANZ rate, then it could go from RBA+0.75% to RBA+1.6-1.7%. That sounds extremely good, and I can't imagine it turning out to be true because it's too amazing, but it seems like a possibility if ANZ follow the other banks in raising term deposit rates, and if $200m+ cash can also get a similar rate to the term deposits.