The Reserve Bank of Australia (RBA) has delivered its second interest rate cut in the current cycle, reducing the official cash rate to 3.85 per cent. While this move might be met with celebration by mortgage holders, it has delivered a gut punch to Australian savers. With major banks already responding by slicing returns on savings accounts, it’s clear that the fallout from this deci... https://colitco.com/australian-savers-hit-by-falling-interest-rates-again/