Time to spread the load

By John Collett
Updated February 9 2015 - 10:13am, first published February 1 2015 - 12:15am
If the cash rate is cut, term deposit rates will barely keep pace with inflation. Photo: James Davies
If the cash rate is cut, term deposit rates will barely keep pace with inflation. Photo: James Davies

While those with mortgages will be cheering if the Reserve Bank cuts interest rates on Tuesday, for savers and those living off their savings, it's another matter.

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