What banks are doing with $213b in term deposits

The amount of money in bank term deposits has hit $213 billion - up 36 per cent in two years. An ANZ bank executive explains if it will keep paying rates this high and who may be better off investing.

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00:00 - Intro
00:51 - Demand for term deposits (TD's)
02:38 - Interview with ANZ head of retail banking Ben Kelleher
05:56 - Deposit rates
08:27 - Break fees
10:35 - Saving v Investing
12:17 - Borrower pain
15:17 - ANZ's economic expectations
17:14 - Missed payments
19:01 - Outro

Video / Carson Bluck

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