Savings accounts worth having a look at…

Are you happy with your savings account? In a low interest rate economy, savers need to take control and find a savings account that suits [...]

POSTED ON November 3, 2016
You don’t need to pay for your broker’s trip

Commissions and incentives, including holidays, cruises and trips to the Playboy mansion, paid by lenders and mortgage aggregators to mortgage brokers are under investigation by [...]

POSTED ON October 31, 2016
Savings accounts vs. term deposits

If you want to save money and earn interest, savings accounts and term deposits are both worth looking into. We’ve examined the differences and similarities between [...]

POSTED ON October 28, 2016
5 things to consider when choosing shares

Whether you’re looking for an income now, growth for the future, or a combination of both, you need to select the shares that are going [...]

POSTED ON October 28, 2016
Key terms you should know about margin loans

Lack of access to funds can be a major problem for investors, and many turn to margin loans to increase their investment capacity. While these [...]

POSTED ON October 28, 2016
Key term deposit terms you should know

Term deposits offer a guaranteed return, making them particularly popular among more cautious investors or as a low-risk component of a diversified investment portfolio. However, [...]

POSTED ON October 28, 2016
Key savings account terms you should know

Offering higher interest rates than transaction accounts, and with some throwing in bonuses for making regular deposits, savings accounts are designed to help you grow [...]

POSTED ON October 28, 2016
Key personal loan terms you should know

A personal loan can be a great option for financing a big purchase, whether it’s a car, a new kitchen, or a much-needed holiday. But with [...]

POSTED ON October 28, 2016
Key credit card terms you should know

Comparing credit cards is easier when you fully understand the different terms and features on offer. At first it might seem like providers are speaking [...]

POSTED ON October 28, 2016
How to apply for a term deposit

Putting your money into a term deposit means locking it away for a pre-determined period at a fixed rate of interest. That way, you’re guaranteed [...]

POSTED ON October 28, 2016
How to apply for a personal loan

With a little preparation, applying for a personal loan could be a quick and easy way to access funds. The interest rates for this type [...]

POSTED ON October 28, 2016
Key home loan terms you should know

There’s a lot to consider when comparing home loans. Should you choose a fixed interest loan or opt for a variable rate? Do you qualify [...]

POSTED ON October 28, 2016
How to apply for a home loan

Owning your own home is the great Australian dream, but signing up for a home loan is a long-term financial commitment. That’s why it’s so [...]

POSTED ON October 28, 2016
How to apply for a credit card

Credit cards are a convenient way to pay bills and shop online. But when it comes to applying for a credit card, it can be [...]

POSTED ON October 28, 2016
Fewer Aussie couples want a joint bank account

Surprising new data reveals that fewer Australians are choosing to open joint bank accounts, savings accounts and credit cards with their loved ones. Traditionally a [...]

POSTED ON October 28, 2016
5 things to consider when comparing personal loans

When it comes to personal loans, there’s no one-size-fits-all option. Different loans will suit different situations, and the right loan for you will vary according [...]

POSTED ON October 27, 2016
Refinancing is the new black

Mortgage refinancing is switching your home loan to another lender. You do this by applying for and taking out a new loan on the same [...]

POSTED ON October 25, 2016
Do you have multiple credit card debts?

For credit cardholders with more than one credit card debt, making the monthly repayments can be difficult. Right now, Aussies collectively owe $51.3 billion on [...]

POSTED ON October 24, 2016
Do you want your smashed avo and a home too?

Respected demographer and social commentator Bernard Salt questioned whether “hipsters” should be spending money on “smashed avocado” brunches instead of saving for a home deposit. [...]

POSTED ON October 21, 2016
Which savings account has the highest base rate?

There are more than 280 savings accounts now on offer from Australia’s banks and credit unions. InfoChoice lets you compare accounts according to the features [...]

POSTED ON October 20, 2016
Lenders announce new home loan discounts

Fierce competition amongst Australian lenders has led to a raft of rate cuts. Following the Reserve Bank of Australia’s August rate cut, home loan rates [...]

POSTED ON October 19, 2016
Angry bank customers look for alternatives

National Australia Bank customers have suffered through three system outages in a week. Thousands of NAB customers have taken to social media to vent their [...]

POSTED ON October 12, 2016
Switching bank accounts is easy

Switching to a new transaction banking account with another bank or credit union may seem like a lot of hassle. Many Aussies put up with [...]

POSTED ON October 7, 2016
Is it time to refinance?

Most Australian home buyers are paying too much for their home loan. While average mortgage rates are low, many lenders have not passed on all [...]

POSTED ON October 4, 2016
Which big bank is cutting term deposit rate

Just two months after boasting about raising interest rates for savers, the big banks have begun quietly cutting the returns they pay to term deposit [...]

POSTED ON October 3, 2016
What to look for in a credit card

Are you shopping for a new credit card? Do you know what you want? Perhaps, like many Aussies you are looking for a great balance [...]

POSTED ON September 29, 2016
What to look for in a credit card

Are you shopping for a new credit card? Do you know what you want? Knowing what you want in a credit card is the first [...]

POSTED ON September 29, 2016
Which bank is the best for online banking?

More than fourteen million Australian banking customers went online to do their banking in August 2016 according to Nielsen Digital Ratings. The number of Aussies [...]

POSTED ON September 28, 2016
Why is my credit card interest rate so high?

Average credit card interest rates have not fallen along with the official RBA cash rate, home loan mortgage rates and many other personal loan rates. [...]

POSTED ON September 26, 2016
Balance Transfer cards – What you need to know

Balance transfer credit cards are booming in popularity as banks and credit unions try to poach each other’s customers. There are now 105 balance transfer [...]

POSTED ON September 20, 2016
Why are bank deposits our favourite way to invest?

Australians prefer to save, invest and grow their money with bank deposits. Bank deposits, including savings accounts and term deposits, are, by far, our favourite [...]

POSTED ON September 15, 2016
Help! I’m in mortgage stress!

Despite record low interest rates, many Australians are reporting they are struggling to keep up with home loan repayments. Cutting back on other essential expenses, [...]

POSTED ON August 18, 2016
How can I get Apple Pay on my iPhone?

Apple Pay is now available in Australia, through one bank’s credit card and transaction accounts only. ANZ Bank is offering Apple Pay on ANZ Visa [...]

POSTED ON August 17, 2016
How to secure your own massive rate cut

In the last week, the big four banks have all reported their profits and the results have been underwhelming. Bank profits are moderating as a [...]

POSTED ON August 16, 2016
Australians love Visa and Mastercard debit

Australian consumers are paying off their credit cards according to the latest Reserve Bank payment data. The average balance accruing interest on credit and charge [...]

POSTED ON August 15, 2016
Are any banks passing on the RBA rate cut?

The big four banks have angered many Australian home loan borrowers in the last week. Commonwealth Bank, Westpac, National Australia Bank and ANZ Bank have [...]

POSTED ON August 10, 2016
What is an interest-only home loan?

Interest-only mortgages require the borrower to repay only the interest on the loan. The original loan amount - the principal - is not repaid until [...]

POSTED ON August 2, 2016
Why a PL is probably better for you than CC?

Aussies love credit cards. There are more than 15 million credit cards on issue in Australia. There are far fewer personal loans. Yet personal loans [...]

POSTED ON August 1, 2016
Are you unhappy with your bank?

Customer satisfaction ratings for home loan borrowers has dived. Customer satisfaction scores for Australia’s big four banks has plummeted to their lowest levels since 2013 [...]

POSTED ON July 25, 2016
Personal loans – a world of choice

The personal loan market is changing - for the better and borrowers are enjoying better products, lower interest rates and more choice than ever before.  [...]

POSTED ON July 22, 2016
Google’s Android Pay launches in Australia

In a major step forward for banking and payments in Australia, Google has launched Android Pay with 28 banks and credit unions now offering the service. [...]

POSTED ON July 21, 2016
Fixed repayment option credit cards

Fixed repayment credit cards are a new innovation in the Australian credit card market. Fixed repayment credit cards are worth considering for people who want [...]

POSTED ON July 20, 2016
Seven lenders slash home loan rates in July

Rate cuts are flooding the home loan market. The Reserve Bank of Australia has left official interest rates on hold recently but some lenders are [...]

POSTED ON July 19, 2016
How to be smart with your credit card

Australians are getting smarter with their credit cards. Aussies are now less likely to be racking up big debts on big purchases and paying big [...]

POSTED ON July 18, 2016
Financial counsellors issue warning to Aussies

This is serious - you need an emergency fund Financial counsellors are employed by charities and community groups, funded by government, to provide free, confidential [...]

POSTED ON July 14, 2016
Investors are returning to the property market

New data from the Australian Bureau of Statistics (ABS) reveals that investors are returning the property market in force. After 12 months of subdued activity [...]

POSTED ON July 12, 2016
What is a balance transfer credit card?

A balance transfer credit card deal offers a low or zero rate of interest for a set period of time - typically between four and [...]

POSTED ON July 7, 2016
Are interest rates going up or down in 2016?

What is the immediate outlook for interest rates in Australia? The Reserve Bank of Australia has left official interest rates unchanged for July 2016 at [...]

POSTED ON July 6, 2016
Secured and unsecured personal loans

A personal loan is a tried and trusted way to finance a large purchase or consolidate and pay-off debts. Popular reasons for taking out a [...]

POSTED ON July 5, 2016
What is a bonus rate on a savings account?

Bonus rate of interest - What is it? Many high interest online savings accounts feature a ‘bonus rate’ of interest. A savings account bonus rate [...]

POSTED ON July 5, 2016
Samsung Pay coming to a credit card near you

Samsung has launched the Samsung Pay mobile digital wallet and contactless payment system in Australia. Citibank and American Express credit card users will be the [...]

POSTED ON June 16, 2016
You don’t need to give up coffee to save money

Personal finance advisor David Bach says if you skip coffee every morning and invest that money instead, you’ll be a millionaire by retirement. Another personal [...]

POSTED ON June 8, 2016
Houses are getting more affordable – at last

According to the latest Housing Affordability Report by Adelaide Bank and The Real Estate Institute of Australia, residential property is becoming more affordable. The proportion [...]

POSTED ON June 2, 2016
Wow – these fixed rates are really low

Teachers Mutual Bank’s three-year fixed rate has been reduced by 0.25 percentage points to 3.74 per cent (4.88 per cent comparison rate). Teachers Mutual Bank’s [...]

POSTED ON May 26, 2016
How much will the May rate cuts save me?

The Reserve Bank of Australia cut interest rates in May by 0.25 percentage points. Some lenders didn’t pass on the rate cut in full, however [...]

POSTED ON May 25, 2016
Rates expected to bite more borrowers

More Aussies are expected to fall behind on mortgage repayments in the next three months, says big ratings agency Fitch, because rising interest rates are [...]

POSTED ON September 15, 2010
More getting an online mortgage after dinner

Firstfolio’s eChoice Home Loans is now selling 30 per cent of its loans, about $100 million a month, completely online. eChoice offers a combination of [...]

POSTED ON September 15, 2010
First home buyers urged to buy now

Now is a good time for first home buyers to jump on the property ladder, according to Mortgage Choice spokesperson Kristy Sheppard who said house [...]

POSTED ON September 14, 2010
Lenders cut fixed rate mortgages

Lenders continue to chase more business with aggressive fixed rate pricing. The latest to offer a sharp fixed rate deal is CUA, which announced yesterday [...]

POSTED ON September 14, 2010
Rates outlook worsens

The futures market now says the most likely outcome is for the cash rate to be at 4.75 per cent in mid-2011. The cash rate [...]

POSTED ON September 13, 2010
Auction results holding up

Auction results improved this week in Sydney where 341 residential properties were listed for auction, with 70 per cent selling on the day. Last week [...]

POSTED ON September 13, 2010
Commonwealth Bank denies a housing bubble

Commonwealth Bank has lodged a 17-page presentation on the residential housing market with the Australian Securities Exchange which says concerns of a housing bubble were [...]

POSTED ON September 13, 2010
Time to lock in a fixed rate

BIS Shrapnel’s managing director Robert Mellor said the time to lock in a fixed mortgage interest rate is now. “Fixed rates are currently very reasonably [...]

POSTED ON September 10, 2010
LVRs keep going up and up

More lenders are reintroducing lending up to 95 per cent loan to valuation ratios but 100 per cent loans will not be returning to the [...]

POSTED ON September 10, 2010
We are a banking institution says CUA

Credit Union Australia wants the government to change the way financial institutions are labelled by regulators. Now banks, credit unions and building societies are regulated [...]

POSTED ON September 9, 2010
CBA tipped to raise home loan rates first

The major banks could raise their rates by up to 20 basis points, outside of the official cycle with the Reserve Bank of Australia says [...]

POSTED ON September 9, 2010
Investors expect higher rates

Investors have reacted well to the Reserve Bank of Australia’s decision to leave official interest rates on hold at 4.5 per cent. The new Australian [...]

POSTED ON September 9, 2010
First home buyers back in market

Stabilisation in house prices, combined with greater competition in mortgage lending, has given first-home buyers the incentive to get back into the property market. Mortgage [...]

POSTED ON September 8, 2010
Interest tax discount junked

The planned discount of 50 per cent on interest on the first $1000 of interest earned on deposits will be put off for one year [...]

POSTED ON September 8, 2010
Interest rates are at average levels says RBA

At its meeting yesterday, the Board of the Reserve Bank of Australia decided to leave the cash rate unchanged at 4.5 per cent. Recent information [...]

POSTED ON September 8, 2010
RBA to hold rates steady – for now

Inflation is rising in Australia but the RBA is not expected to raise interest rates today. Global economic uncertainty and rising Australian dollar will keep [...]

POSTED ON September 7, 2010