Rate cuts; Old, new face returns to the industry

We had a couple of rate cuts yesterday with SBS lowering its one-year Special slightly and The Co-operative Bank cutting 18-month and two-year rates. Reports from the market suggest advisers can be getting the following rates from main banks for clients: 1 year - 4.19%  or even 4.09% for very good deals. 4.29% for two-years and 4.79% for three-year terms.

In case you missed it, former Westpac head of third party distribution, David Gopperth, has returned to the market. Find out where he is here.