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. Subscribe to Markets with Madison:    / @businesswithmadison   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 Watch more Markets with Madison episodes here: https://tinyurl.com/33z2d3nf Follow Markets with Madison on Instagram:   / markets.wit.  . Follow Markets with Madison on TikTok:   / madison.reidy   Follow Madison Reidy on Twitter:   / maddireidy   Check out our playlists: https://goo.gl/Swd249 Subscribe and be notified of breaking news: https://goo.gl/LP45jX Check out our playlists: https://goo.gl/Swd249 Like NZ Herald on Facebook: https://goo.gl/tUC4oq Follow NZ Herald on Instagram: https://goo.gl/oLicXe Follow NZ Herald on Twitter: https://goo.gl/Wi6mbv