TermPlus Launched Five-Year Fixed-Term Accounts with Target Rates of up to 8.50% p.a. for SMSF Investors and Australian Retirees as Inflation Hit 4.6% in March 2026

Sydney, Australia, May 22, 2026 (GLOBE NEWSWIRE) -- Australian savers and income-focused investors are navigating an environment of higher interest rates and persistent inflation. On 5 May 2026, the Reserve Bank of Australia raised the cash rate by 25 basis points to 4.35%, the third consecutive hike this year and one that has fully unwound the easing cycle of 2025. The Monetary Policy Board vote was split eight to one in favour of the increase. The next RBA Board meeting is scheduled for 15-16 June 2026.