Trustees Australia merges with the Cashwerkz deposit market

New company tries to overthrow four big banks

The financial services group Trustees Australia and the deposit market Cashwerkz have joined forces to open up the markets for cash, time deposits and fixed income investments.

According to the duo, the new company will have access to over 30 Australian banks and will be able to do well in the $ 2.1 trillion cash deposit market.

The couple say Australia has been “heavily dominated” by the big banks in this asset class, with …

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