Savers who actively seek better rates will find there are some great options from many banks who really want your business and are prepared to offer higher rates

Our tracking of bank term deposit rate changes is revealing faster, larger rises.

Here are some of the important ones today.

Market heavyweight Commbank have added +20 bps to all their rates for most terms to 1 year. They have also rejuvenated their one year 'special' to 5.10%, also a +20 bps rise from their prior 'special'. This keeps them in touch with Macquarie, although given that Macbank's one year rate is now 5.25%, it is entirely defensive by Commbank.

Actually, that Macbank 5.25% is a +5 bps tick up. They have also ticked up their nine month rate as well to 5.10%. Macbank isn't lessening the pressure they have on everyone.

Challenger banks are moving too. Today it is Heritage Bank also coming out with a 5.25% one year rate.

Yesterday, it was Suncorp with a 5.25% two year TD rate, a5.15% 18 month rates, and a 5.10% 12 month rate.

Meanwhile, many major and challenger banks are raising their savings account rates.

The best way to keep up with these changes is to check our always-updated rate table pages, for

• savings accounts
• term deposits 1-11 months
• term deposits 1-5 years

With so much change, and such aggressive rate levels from some key movers, everything is in play. Negotiating with your bank is much more likely to draw our the best of the discretionary options front line staff have been given.