More banks make more changes (increases) to offer rates to savers, and some signal changing structures. Macbank offers 5% rates for shorter terms

There are more term deposit changes to report, and the pace seem to be picking up.

Today (Thursday) Macquarie raised some rates for terms 3 to 9 months. What is interesting about these (apart from the fact they are from market-leader Macbank) is that they now have 5% rates for six and nine month terms.

But these changes are only for deposits of $1 mln or less.

At the same time Commbank extended the expiry date of their 4.80% one year 'special' until today. Worth watching what they do after that.

All this aggressive activity in this space over the past few months is causing uncomfortableness, as you might expect. 

ING has been very active ensuring it doesn't lose market share, and that activity has paid off on the market share side of things. But they are signaling they will me making changes to their Savings Accelerator products on May 1. Their tiered rate structure will change, away from applying to the whole balance, to one (like others) that applies only to the tier portion. This may give them the option to shout about even higher rate levels but only apply them to part of the saved balance.

There are other changes today, from Suncorp, and from Teachers Mutual. You can find those in the links to our tables in the menu above.