RAMS rates going down (again)

Hey everyone.
I know RAMS is the savings account choice for lots of professionals here, so I thought I should give you a heads up. I got an email from them notifying of their drop in interest rates, following the RBA cut. August 23rd (this Friday), RAMS will cut from 4.76% to 4.51%.

We're writing to let you know that following the recent Reserve Bank cash rate change, the RAMS Saver rate with bonus will reduce to 4.51%p.a. effective Friday 23 August 2013.

This means it's still one of the best online savings rates today, plus it's an ongoing variable rate (not just an introductory rate) and there are still absolutely no fees.

Here's a reminder of the details for your RAMS Saver account - from 23 August you'll earn a high bonus variable rate of 4.51%p.a. (that's the variable base rate of 3.21%p.a. plus variable 1.30%p.a. bonus) when:

• you deposit a minimum totalling $200 a month;
  
  • you make no withdrawals in the month; and
  • have an account balance that does not fall below $0 or exceed $500,000 at any time during the
    month.

So, they've been on 4.76% for 3 months, and dropping now to 4.51%. Just purely speculating, if it continues to go down, we're in trouble! We might have to actually spend our money. (The joke here is that I posted that on OzBargain)
That said, this term deposit deal is looking better. I suppose if you have a lump sum, and want to leave it alone, it might not be such a bad idea anymore.

.. Or just buy an investment house I suppose…