Last Saturday, on April 1, as the voters in Aston were trouncing the Liberal Party, the interest rate on an unpaid aged-care refundable accommodation deposit (RAD), which used to be called a nursing home bond, increased from 7.06 per cent to 7.46 per cent.
It’s just another consequence of the rate hikes that paused, and may have ended on Tuesday. The aged-care deposit interest rate changes quarterly so Saturday’s might have been the last.
