Could Australia get negative interest rates?

The world economy is in totally uncharted territory. Last week central bankers from around the globe met in Jackson Hole, Wyoming, USA and tried to [...]

POSTED ON August 29, 2019
Trending Financial News 28 August

Car loan rates crash to under 5% Peer-to-peer lender RateSetter has dropped its car loan interest rates. RateSetter’s new advertised rates start from 4.69 per [...]

POSTED ON August 28, 2019
Joint accounts make happy couples

New research shows the more couples pool their money, the happier they are.The study shows where people keep 5 per cent in their own bank [...]

POSTED ON October 17, 2013
Business loans trending up

The Australian Bureau of Statistics said the value of commercial finance commitments increased 1.4 per cent in August from July. The level of business loans [...]

POSTED ON October 16, 2013
New rules for reverse mortgages

The National Consumer Credit Protection Act has been amended to include regulations covering reverse mortgages. Brokers and lenders who arrange reverse mortgages must now make [...]

POSTED ON May 23, 2013
Big banks tip more big rate cuts in 2013

Aussie homeowners can look forward to three more interest rate cuts in 2013 says National Australia Bank who are predicting the Reserve Bank of Australia [...]

POSTED ON January 14, 2013
Rate cuts encourage new home building

Australian Bureau of Statistics data shows home building approvals increased by 2.9% in November, up 13.2% on the same month of 2011. All gains came [...]

POSTED ON January 14, 2013
First home buyers need to save $77K

The Bankwest First Time Buyer Deposit Report revealed that it now takes first time buyer couples 3.8 years to save for a house deposit, which [...]

POSTED ON January 11, 2013
ME Bank drops account keeping fees

Last month, ME Bank ditched its $5 account-keeping fee on its everyday transaction account to encourage customers to bank with it.General Manager of state sales [...]

POSTED ON September 11, 2012
Banks luring account customers with cash

Multiple banks are using financial incentives - up to $100 each - to entice new transaction account customers.On July 1, the Federal Government introduced “tick [...]

POSTED ON September 11, 2012
20,000 savers choose RAMS

RAMS has attracted about 20,000 new customers to their savings account product in the last three months.Melos Sulicich, chief executive of RAMS said only around [...]

POSTED ON September 10, 2012
Savers win with UBank, NAB & People’s Choice

People's Choice Credit Union’s deeming account won the AFR Smart Investor Blue Ribbon Award for top product owing to an absence of account fees and [...]

POSTED ON September 10, 2012
Citibank and RaboDirect win awards for TDs

Citibank won the AFR Smart Investor Blue Ribbon award for best term deposit for periods between 30 days and 270 days.In the 360-day-plus category, the [...]

POSTED ON September 10, 2012
Banks launch doing it tough site

The Australian Bankers Association launched a website calling on financially stressed homeowners to negotiate "hardship" packages to avoid default on their mortgages. Association CEO Steven [...]

POSTED ON December 19, 2011
Bank of Melbourne to match any rate

The Bank of Melbourne announced it will match any of the big fours' advertised interest rates. The promotion applies to fixed and variable home loans, [...]

POSTED ON December 19, 2011
Credit card surcharge cap planned

Visa and Mastercard may be allowed to introduce a cap on the surcharges that merchants can apply to payments made with a credit card or [...]

POSTED ON December 19, 2011
ANZ OneSwitch targets new business customers

ANZ today announced the introduction of ‘ANZ OneSwitch’, a new service to make it easier for business customers to switch their transaction banking to ANZ. [...]

POSTED ON September 22, 2011
Credit unions tipped to reprice term deposits

A permanent guarantee of up to $250,000 on deposits will operate from February 1 next year, replacing the guarantee cap of $1 million introduced as [...]

POSTED ON September 21, 2011
Non bank axes exit fees

National Finance Club will abolish its deferred establishment fees from next week. NFC general manager Andrew Clouston said competition among financial institutions had become fiercer [...]

POSTED ON April 1, 2011
House prices cool down in May

The Australian housing market continues to cool. In the month of May Australian capital cities have recorded their second consecutive month of single digit annualised [...]

POSTED ON July 1, 2010
Term Deposit rates may have peaked

Banks have been quietly cutting their term deposit interest rates in a signal that deposit rates have possibly peaked. Investors are hoping that the government [...]

POSTED ON March 30, 2010
CUA says customer service stacks up

CUA says borrowers can save $1,247 per year on their mortgage compared with the average ‘Big Four’ bank customer, or more than $31,000 over the [...]

POSTED ON March 29, 2010
Rates are going up again

Economists are divided over the probability of an April rate rise by the Reserve Bank. NAB is expecting “that the Reserve Bank will wish to [...]

POSTED ON March 29, 2010
Westpac executives reward themselves

One thousand Westpac executives have been rewarded by the bank for their work this year and have collected big Christmas bonuses this week, the same [...]

POSTED ON December 4, 2009
House prices to double

The average Melbourne house will double in value by 2021 to $1,056,199 from $525,000 last month according to property research company BIS Shrapnel.Low interest rates, [...]

POSTED ON October 22, 2009
RBA divided on rate rises

Minutes of the October Reserve Bank of Australia board meeting reveal that at least one board member, believed to the Treasury Secretary Dr Ken Henry, [...]

POSTED ON October 22, 2009