Commonwealth Bank reverses its term deposit rate increases in another sting for savers

By Esther Han, Consumer Affairs Editor
Updated October 22 2016 - 11:13am, first published October 4 2016 - 3:57pm
The Commonwealth Bank has unwound some of its term deposit rate increases. Photo: Louie Douvis
The Commonwealth Bank has unwound some of its term deposit rate increases. Photo: Louie Douvis
Many Australians, especially seniors, rely on the security of term deposit rates. Photo: Louie Douvis
Many Australians, especially seniors, rely on the security of term deposit rates. Photo: Louie Douvis