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Forget term deposits and buy these ASX dividend shares for income – Motley Fool Australia
With Westpac Banking Corp (ASX:WBC) tipping another rate cut, I would sooner buy these ASX dividend shares ahead of term deposits…
According to the latest cash rate futures, the market is now pricing in a 67% probability of a rate cut to zero by the Reserve Bank next week.
While I’m not 100% certain on a cut to zero, I suspect a cut to 0.1%, like Westpac Banking Corp(ASX: WBC) is predicting, could happen.
In light of this, if you haven’t done so already, I think now would be the time to consider switching funds out of term deposits and into ASX dividend shares.
But which dividend shares should you buy?
Commonwealth Bank…
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