9 Ways You Could Be Wasting Money

Sometimes it can feel like you’re doing everything right, but still not seeing results. Benjamin Franklin said, “a small leak will sink a great ship” [...]

POSTED ON June 18, 2019
Aussies trust their bank, but not the internet

Australians are more concerned about identity theft and fraud than ever before, especially when using online services. But the level of trust in financial institutions [...]

POSTED ON October 10, 2013
First home buyers save for two years

83 per cent of first home buyers are prepared to sacrifice their lifestyle in order to purchase their first property. Most first home buyers plan [...]

POSTED ON October 9, 2013
What to look for in a savings account

Finding the right deposit product to help you save towards a goal can be tricky. Claire Mackay, financial planner at Quantum Financial said: “For a [...]

POSTED ON October 9, 2013
Inactive bank accounts seized by government

The government has collected more than $400 million in unclaimed money from inactive bank accounts this year. $85 million is money owned by account holders [...]

POSTED ON October 8, 2013
How much do you need to save for Christmas?

Australians racked up more than $22.5 billion on credit cards in the lead-up to Christmas last year and took out a further $757 million in [...]

POSTED ON October 2, 2013
Term deposits can work for you

Term deposits are simple savings accounts offered by banks, building societies and credit unions that pay a fixed rate of interest for a given term [...]

POSTED ON September 27, 2013
Banks not as popular with high income earners

High-income earners are fussy when it comes to rating the performance of their banks. While overall customer satisfaction with the big banks is at its [...]

POSTED ON September 26, 2013
Shop around for a fee-free bank account

There is no need for anyone to be paying monthly fees or even transaction fees on their everyday transaction bank account. All banks have no-fee [...]

POSTED ON September 25, 2013
NAB has term deposits rates up to 4.5%

National Australia Bank is currently paying up to 4.50 per cent per annum for five year term deposits with interest paid annually. For interest paid [...]

POSTED ON September 20, 2013
NAB warns customers of new email scam

National Australia Bank is warning customers about a new email scam which claims that access to their accounts is restricted. The email advises customers to [...]

POSTED ON September 17, 2013
New credit reports will record late payments

Steve Brown, head of the consumer credit bureau at Dun & Bradstreet, says under the new credit reporting regime which will start in March 2014, [...]

POSTED ON September 12, 2013
The key to choosing a good bank account

The key to choosing any kind of financial product is making sure you understand your needs, and your financial situation, before you apply for anything. [...]

POSTED ON September 4, 2013
You can get value from card rewards

The benefits of credit card rewards programmes can easily outweigh the costs, especially if you are a reasonably big spender and can manage spending with [...]

POSTED ON September 2, 2013
Term deposit tricks and traps

Savers rolling over term deposits need to ensure that they are getting the best rates available. Banks offer different rates for different terms, creating a [...]

POSTED ON August 26, 2013
Aussies like the August rate cut

The Westpac Melbourne Institute Index of Consumer Sentiment rose 3.5 per cent in August and is now 9.4 per cent higher than a year ago. [...]

POSTED ON August 15, 2013
Aussie cuts rate across the board

Aussie Home Loans has cut its two-year fixed rate by 0.25 per cent to 4.64 per cent per annum. Aussie has also cut three-year fixed [...]

POSTED ON August 14, 2013
Lenders respond to the RBA rate cut

Rates have hit a record low as the RBA decided to cut the cash rate 0.25% to 2.50% on Tuesday. It also marks the 8th [...]

POSTED ON August 8, 2013
Westpac cuts rates by more than the RBA

Westpac announced it will reduce its standard variable mortgage rate by 0.28 per cent per annum to 5.98 per cent per annum. The new rate [...]

POSTED ON August 7, 2013
RBA says rates will remain low

Glenn Stevens, governor of the Reserve Bank of Australia, gave a strong indication yesterday that official interest rates are set to remain at historically low [...]

POSTED ON July 31, 2013
Fixed rates continue to fall

This year lenders have been fighting for market share by offering ever lower fixed rates. According to InfoChoice, during the June quarter 61 lenders cut [...]

POSTED ON July 22, 2013
Revealed: The reasons why Aussies switch lenders

The CUA National Mortgage Survey conducted by Auspoll reveals the main reasons why mortgage holders consider switching to another lender. 81 per cent of borrowers [...]

POSTED ON July 12, 2013
Aussies to put tax returns savings

35.6 per cent of Australians will use their tax refund to pay off debt according to new research from Bankwest while 31.5 per cent will [...]

POSTED ON July 11, 2013
Stevens hints at future rate cuts

Futures markets are now pricing the chance of the Reserve Bank cutting official interest rates in August at about 60 per cent, up from 47 [...]

POSTED ON July 4, 2013
One quarter want to switch home loans

Nearly one quarter of Australian mortgage holders are looking around for cheap mortgage products and considering refinancing their current loan according to a recent survey [...]

POSTED ON June 27, 2013
Bank customers are happy with their banks

Lower interest rates are improving consumers' satisfaction with their banks. Roy Morgan Research said that satisfaction with the big banks increased to a 17-year high [...]

POSTED ON June 27, 2013
Time to check your loans, accounts and cards

The new financial year is approaching so time is ripe to assess your finances and banking products. Look at your financial progress over the past [...]

POSTED ON June 18, 2013
Young Aussies check their account all the time

The vast majority of young and middle aged Australians prefer to do their banking online according to Bankwest’s latest online transactions report. Among older generations [...]

POSTED ON June 12, 2013
RAMS targets first home buyers

RAMS Chief Executive, Melos Sulicich predicted an increasing number of first home buyers will be looking to enter the property market. As a specialist home [...]

POSTED ON June 7, 2013
Deposits flow out as rates fall

Growth in household deposits is slowing, as savers move their money out of at-call and term deposits in search of higher rates. Some deposit-taking institutions [...]

POSTED ON June 4, 2013
Nine credit unions are now banks

Since 2011, when the Australian Prudential Regulation Authority approved the use of the name "mutual bank" for mutuals with minimum capital of A$50 million, bankmecu, [...]

POSTED ON May 31, 2013
Dozens of lenders cutting fixed rates

Dozens of lenders are slashing their fixed rates by more than May’s RBA cash rate cut. Eleven lenders have cut their fixed rates on two-year [...]

POSTED ON May 30, 2013
Aussies love Tap N Go and PayWave

Demand in Australia for contactless card payments continues to strengthen. There are now between 100,000 and 200,000 contactless-capable terminals deployed nationally. Matt Barr, regional head [...]

POSTED ON May 28, 2013
Demand for fixed rates rising as rates fall

Demand for fixed rates is rising, according to research by Loan Market. Since the Reserve Bank of Australia’s May rate cut, 40 per cent of [...]

POSTED ON May 24, 2013
Australia enters new housing cycle

John Edwards, chief executive of Residex said of current property price trends: "We are at the end of a normal housing cycle and at the [...]

POSTED ON November 7, 2006
Aid for HLP and Lawteal from Mobius

Mobius Financial Services is sourcing a little more than 50 per cent of business under its white-label program with mortgage managers; a third from funding [...]

POSTED ON November 1, 2006
Households fret over basic bills

A survey by Newspoll for the credit-advice firm Fox Symes shows almost a quarter of adults believe their financial situation has worsened recently. More than [...]

POSTED ON October 30, 2006
RBA won’t take chance on inflation

A third interest rate rise this year looks to be on the way in November, following the release of the September quarter CPI, which shows [...]

POSTED ON October 27, 2006
Losses and profits rising on ANZ cards

ANZ Bank added one million transaction account customers during the year, with the bank reaping the rewards of its principled pricing on bank accounts, and [...]

POSTED ON October 27, 2006
No change to Centrelink treatment in sight

The Department of Families Community Services and Indigenous Affairs has reviewed the Centrelink treatment of reverse mortgages and decided there is no case for change. [...]

POSTED ON October 23, 2006
CPI to make or break November rate rise

There was little economic data released over the past week with relevance to the interest rate outlook. But even if there was, there is really [...]

POSTED ON October 20, 2006
Late returns a trigger for tax audits

Filing a tax return late is the most likely trigger for a tax audit, the Tax Office said. Higher than average claims for deductions and [...]

POSTED ON October 19, 2006
Borrowing to boost super not recommended

Borrowing money to boost superannuation savings is not a good idea. Andrew Lowe, ING head of technical, states that borrowing to invest in super can [...]

POSTED ON October 18, 2006
The booming business of phishing

The business of "phishing" has a much higher success rate than previously estimated, according to a controversial new US study. A single phishing attack can [...]

POSTED ON October 18, 2006
November rate rise firms in the betting

Another interest rate rise in November now seems more likely than not given the latest jobs market growth and the revelations in what the Reserve [...]

POSTED ON October 13, 2006
What to ask your low-doc lender

Low-doc loans are designed for people who wish to borrow to buy a property but cannot provide the documentation that is generally required for a [...]

POSTED ON October 10, 2006
What are low-doc loans?

What is a low doc home loan? Low-documentation or low-doc loans are for people - generally the self-employed - who have difficulty getting the documentation [...]

POSTED ON October 10, 2006
What is a non-conforming loan?

It is important to be aware of the distinction between low-doc home loans and non-conforming home loan products. What is the difference? While both waive [...]

POSTED ON October 10, 2006
Rates on hold as RBA waits

The Reserve Bank left interest rates on hold for October as expected amid conflicting economic signs about where the economy is headed over the next [...]

POSTED ON October 6, 2006
Severe arrears no drama for Asset Loans

Short-term lender Asset Loans boasts an arrears rate of 39.9 per cent on a loan book of $31 million, but this has not stopped the [...]

POSTED ON October 4, 2006