Trending Financial News 24 January 2020

Small lenders join Commbank and NAB in FHLDS Commonwealth bank and National Australia Bank are said to be experiencing very strong demand from potential first [...]

POSTED ON January 24, 2020
Trending Financial News 23 January 2020

Westpac slashes investor home loan rates Australia’s favourite lender for landlords, Westpac, has slashed fixed interest rates from yesterday, 22 January, by up to 0.50 [...]

POSTED ON January 23, 2020
Trending Financial News 22 January 2020

How much are credit card and Eftpos fees? When you pay with a credit or debit card in-store the merchant may add a card surcharge [...]

POSTED ON January 22, 2020
Interest Rate update:

MEDIA RELEASESunday 19 January 2019 First Home Buyers with small deposits can save more by comparing Up to ten thousand home buyers with small deposits [...]

POSTED ON January 20, 2020
Shopping with Cash vs Card

Who is REALLY getting the better deal? Aussies love tapping their phone or their card instore or online. And Aussies hate ATM fees for withdrawing [...]

POSTED ON January 17, 2020
Trending Financial News 17 January 2020

Two credit cards with 100,000 Velocity points The NAB Rewards Signature Visa credit card is promoting a 120,000 bonus VFF points giveaway - when you keep the [...]

POSTED ON January 17, 2020
Trending Financial News 16 January 2020

ANZ gives $1 million to bushfire victims ANZ Bank have announced a range of support measures including a financial assistance package for communities affected by bushfires. [...]

POSTED ON January 16, 2020
Trending Financial News 15 January 2020

NAB gives cash to bushfire victims and businesses National Australia Bank is spending $5 million on immediate relief to business and agriculture customers affected by [...]

POSTED ON January 15, 2020
Trending Financial News 14 January 2020

Westpac pays the mortgage for bushfire victims Westpac Group (including Bank of Melbourne, St George Bank, BankSA and RAMS) has announced more support for customers [...]

POSTED ON January 14, 2020
Interest Rate update:

MEDIA RELEASEMonday 13 January 2019 Car loans now have home loan-like rates Car loan sales are under pressure as vehicle sales in Australia feel the [...]

POSTED ON January 13, 2020
Trending Financial News 13 January 2020

A bank buys Warney’s cap! Australia's all-time leading Test cricket wicket-taker and Victoria’s legendary bowler, Shane Warne, has auctioned his iconic Australian baggy green cap [...]

POSTED ON January 13, 2020
First Home Loan Deposit Scheme warning:

MEDIA RELEASEFriday 10 January 2019 Borrowers could pay up to $5K per year MORE First home buyers participating in the First Home Loan Deposit Scheme [...]

POSTED ON January 10, 2020
Trending Financial News 10 January 2020

Fake tradies prey on bushfire victims The corporate watchdog, the Australian Securities and Investments Commission (ASIC) is warning consumers and business owners to watch out [...]

POSTED ON January 10, 2020
Trending Financial News 9 Jan 2020

Is climate change impacting your property value? The number of major natural disasters in Australia has jumped up by 50% over the ten years. “The [...]

POSTED ON January 9, 2020
Trending Financial News 8 Jan 2020

First Home Loan Deposit Scheme slammed by experts The federal government’s First Home Loan Deposit Scheme does not address the causes of high home prices [...]

POSTED ON January 8, 2020
Trending Financial News 7 Jan 2020

*Disclaimer: Citi credit card product names have changed effective 20 Jan 2020 as following: Citi Clear Platinum is now Citi Clear; Citi Rewards Platinum is now Citi [...]

POSTED ON January 7, 2020
Best New Year’s Resolutions for 2019 / 2020

Australia’s top New Years Resolutions relate to improving health, finances, relationships, home and careers. New Years resolutions are a common tradition in Australia and other [...]

POSTED ON January 6, 2020
How to donate to help bushfire victims

Do you want to donate money or goods or services to help out people and families fighting bushfire in Australia? This is a page of [...]

POSTED ON January 6, 2020
Trending Financial News 6 Jan 2020

First home loan guarantee scheme underway Eligible first home buyers can now apply for guarantees under the Australian Government’s new First Home Loan Deposit Scheme. [...]

POSTED ON January 6, 2020
Trending Financial News 19 December

ANZ promises 5-min credit card applications ANZ Bank offers some of Australia’s most popular credit cards including the ANZ Rewards Black Card (currently offering 150,000 bonus Rewards [...]

POSTED ON December 19, 2019
Trending Financial News 18 December

Banks must provide NO-FEE bank accounts The Australian Banking Association’s updated Banking Code of Practice has been approved by  ASIC and will commence 1 March [...]

POSTED ON December 18, 2019
Trending Financial News 17 December

A new Chinese bank opening in Australia Australia’s newest digital bank, IN1Bank, is preparing to take on HSBC and the Bank of China and appeal [...]

POSTED ON December 17, 2019
Trending Financial News 16 December

First Home Loan Deposit Scheme lenders announced The National Housing Finance and Investment Corporation has announced that Commonwealth Bank will join NAB as the second [...]

POSTED ON December 16, 2019
InfoChoice Review of ME

ME is a largely online bank headquartered in Melbourne with a handful of branches in other capital cities in Australia. ME started life as Super [...]

POSTED ON December 11, 2019
InfoChoice Review of ING Australia

ING DIRECT became Australia’s first ‘direct bank’ in 1999 when Dutch parent ING Group launched an Australian subsidiary, headquartered in Sydney (pictured). A direct bank [...]

POSTED ON December 11, 2019
InfoChoice Review of Citibank Australia (Citi)

*Disclaimer: Citi credit card product names have changed effective 20 Jan 2020 as following: Citi Clear Platinum is now Citi Clear; Citi Rewards Platinum is now Citi [...]

POSTED ON December 11, 2019
InfoChoice Review of HSBC Australia

HSBC Australia is a foreign owned subsidiary bank of HSBC Holdings, a British bank operating in 65 countries around the world. HSBC is the 7th [...]

POSTED ON December 11, 2019
InfoChoice’s Review of St George Bank

St George Bank is a NSW based, wholly owned subsidiary of Westpac (since 2008) and offers a similar range of loans, cards and accounts as [...]

POSTED ON December 11, 2019
Trending Financial News 6 December

Banks consider credit card gambling ban The Australian Bankers Association is proposing new restrictions on the use of credit cards for gambling. The ABA set [...]

POSTED ON December 6, 2019
Trending Financial News 5 December

Citibank raises rates on homeloans Citibank is facing a backlash from politicians and consumer groups after raising rates on homeloans. Citi is the first bank [...]

POSTED ON December 5, 2019
Trending Financial News 4 December

Opal card loophole costs NSW govt millions A common Opal card legal ‘scam’ is costing the NSW government millions each year as commuters rack up [...]

POSTED ON December 4, 2019
Trending Financial News 3 December

Home prices surge higher in November National property prices rose strongly in November according to CoreLogic’s Home Value Index.  The Index jumped up 1.7 per cent [...]

POSTED ON December 3, 2019
Trending Financial News 2 December

Business lending is in the doldrums The latest Reserve Bank data shows a fall in the value of lenders’ business loan portfolios for the first [...]

POSTED ON December 2, 2019
InfoChoice Review of Bank of Queensland

Bank of Queensland (BoQ) is one of Australia’s leading regional banks. BoQ is a listed institution (ASX:BOQ) and, unlike some other state-based banks, is not [...]

POSTED ON December 2, 2019
InfoChoice Review of Bank of Melbourne

Bank of Melbourne is a Westpac owned Victorian lender with a full suite of home loans, personal loans, credit cards, accounts and other banking products. [...]

POSTED ON November 29, 2019
InfoChoice Review of Virgin Money

History of Virgin Money in Australia Virgin Money is an Australian financial services business now owned 100 per cent by Bank of Queensland. The Virgin [...]

POSTED ON November 29, 2019
Trending Financial News 29 November

RBA hoses down money printing talk Australia does not yet require a radical departure from conventional monetary policy into quantitative easing (QE) or ‘money printing’ [...]

POSTED ON November 29, 2019
Trending Financial News 26 November

Christmas shopping scams booming in 2019 Already, before the end of November, more money has been lost online to shopping related scams in 2019 ( [...]

POSTED ON November 26, 2019
100 home loans under 3.3% pa

MEDIA RELEASE Sunday 24 November 2019 Rates Update: 100 home loans under 3.3% pa Savers can still get over 2% pa Expectations of another RBA [...]

POSTED ON November 25, 2019
Trending Financial News 25 November

Westpac share price crashes Westpac shares have crashed in two days of trading last week and may still fall further when markets open this week. [...]

POSTED ON November 25, 2019
Trending Financial News 22 November

Scott Morrison tells Westpac to clean up The prime minister Scott Morrison has told the Westpac board to consider the future of chief executive Brian [...]

POSTED ON November 22, 2019
Trending Financial News 21 November

NAB to pay $50M in compo to customers National Australia Bank has agreed to pay $49.5 million to settle a class action lawsuit over Consumer [...]

POSTED ON November 21, 2019
Trending Financial News 18 November

Aussies set to trim spending this Christmas New research from St.George Bank suggests Aussie households are tightening their belts this Christmas with 43% of Aussies [...]

POSTED ON November 18, 2019
Credit cards offering 0% on purchases

Almost one million Australians ditched their credit card in the 12 months to September, the Reserve Bank reported this week. 594, 289 credit card accounts [...]

POSTED ON November 15, 2019
Trending Financial News 15 November

Credit cards offering amazing deals to entice customers back Many Australians are cutting up their credit card and using debit cards or other ways to [...]

POSTED ON November 15, 2019
Trending Financial News 14 November

Banks offer help to bushfire victims Wild deadly bushfires are still out of control across much of northern NSW and Queensland. New South Wales and [...]

POSTED ON November 14, 2019
Trending Financial News 13 November

594,000 Aussies cut up their credit cards Almost one million Australians ditched their credit card in the 12 months to September, the Reserve Bank reported [...]

POSTED ON November 13, 2019
Trending Financial News 12 November

Judo Bank faces heavyweight fight for name A legal battle over the name Judo has erupted with business lender and term deposit provider Judo Bank [...]

POSTED ON November 12, 2019
Trending Financial News 11 November

More than 100 variable home loans under 3.5% There are now many more than 100 variable home loan products with comparison rates under 3.5 per [...]

POSTED ON November 11, 2019
Trending Financial News 8 November

Which bank gets the most complaints? Commonwealth Bank is the biggest financial institution in Australia by numbers of customers and recorded the most complaints against [...]

POSTED ON November 8, 2019
Trending Financial News 7 November

More Aussies are looking into a new mortgage … The number of Australians making enquiries about applying for a new mortgage has increased for the [...]

POSTED ON November 7, 2019
Trending Financial News 6 November

1. Commonwealth Bank raises fees Commonwealth Bank has raised fees on cheques from $1.50 to $3. Cheques cashed at a branch will also incur a [...]

POSTED ON November 6, 2019
More lenders go under 3%

MEDIA RELEASE Sunday 3 November 2019 More fixed and variable home loan rates fall under 3%There are options for savers who want to beat inflation [...]

POSTED ON November 4, 2019
Trending Financial News 1 November

Active borrowers get rewarded with bigger rate cuts Borrowers have given themselves an extra 0.05 percentage points in home loan rate cuts by comparing rates [...]

POSTED ON November 1, 2019
Top Low-Rate Credit Cards in November 2019

*Disclaimer: Citi credit card product names have changed effective 20 Jan 2020 as following: Citi Clear Platinum is now Citi Clear; Citi Rewards Platinum is now Citi [...]

POSTED ON November 1, 2019
Trending Financial News 31 October

*Disclaimer: Citi credit card product names have changed effective 20 Jan 2020 as following: Citi Clear Platinum is now Citi Clear; Citi Rewards Platinum is now Citi [...]

POSTED ON October 31, 2019
Micro-investing apps vs savings accounts

Micro-investing apps make investing easy, you link your internet banking login details to the app, set up a savings/investment plan and watch your money grow, [...]

POSTED ON October 30, 2019
Trending Financial News 30 October

Neobank 86 400 opens with $10 cashback 86 400 is a neobank, a completely online bank based on a mobile phone app. 86 400 is [...]

POSTED ON October 30, 2019
Trending Financial News 29 October

First Home Buyer Deposit Scheme caps announced The Morrison government’s First Home Buyer Deposit Scheme will start on 1 January 2020. The scheme will guarantee [...]

POSTED ON October 29, 2019
Trending Financial News 28 October

Pension Loans Scheme rates under review Treasurer Josh Frydenberg has announced a review of the interest rates charged by Centrelink’s Pension Loans Scheme. The current [...]

POSTED ON October 28, 2019
Trending Financial News 25 October

PayPal credit card coming soon Citi Australia has announced it will develop credit products for PayPal, the online payments and wallet company that claims eight [...]

POSTED ON October 25, 2019
Trending Financial News 24 October

Bank branches are disappearing – fast Almost 10 per cent of bank branches have closed over the last two years. 16 per cent of ATMs [...]

POSTED ON October 24, 2019
Weekly rates update 23 October 2019

In your 60-second financial news update this week, The Reserve Bank is not expected to cut rates again in November but is expected to cut [...]

POSTED ON October 24, 2019
Trending Financial News 23 October

Westpac Group raises LVRs for investor lending The Westpac Group has raised the maximum loan to valuation ratio allowed in interest-only investor home loans from [...]

POSTED ON October 23, 2019
Afterpay vs credit cards

Which is better – Afterpay or a credit card? Buy now, pay later or credit? Afterpay, Zip, Openpay, LatitudePay and other buy now, pay later [...]

POSTED ON October 22, 2019
Trending Financial News 22 October

Afterpay threatened by surcharges Shoppers using Afterpay, Zip, Openpay or other Buy Now, Pay Later schemes could be forced to pay a merchant surcharge to [...]

POSTED ON October 22, 2019
Neobanks are saving the day for savers

MEDIA RELEASE 20 October 2019 New online only banks are offering market-leading savings rates as the established banks and credit unions cut savings accounts and [...]

POSTED ON October 21, 2019
Trending Financial News 21 October

“This is terrible,” Commbank tells customers Commonwealth Bank says almost all missed payments resulting from a computer system outage last Thursday will be completed and [...]

POSTED ON October 21, 2019
Review of Latitude Financial

Latitude Financial is a prominent lender in Australia with a long history specialising in consumer credit, personal loans and insurance. Latitude Financial has been in [...]

POSTED ON October 18, 2019
Trending Financial News 18 October

Pension day problems at Commonwealth Bank Commonwealth Bank services have been restored this morning after a major outage in core banking services affected Netbank, branches, [...]

POSTED ON October 18, 2019
Trending Financial News 17 October

Payday lenders turn $600 into $3K debt Loan sharks and payday lenders selling expensive small loans to vulnerable consumers often reliant on welfare and Centrelink [...]

POSTED ON October 17, 2019
Weekly rates update 16 October 2019

Futures markets have priced in a 43% chance of another rate cut as soon as Melbourne Cup Day. No big bank has passed on, in [...]

POSTED ON October 16, 2019
Trending Financial News 16 October

Which Sydney suburb has the highest rental yield? The average rental yield in the greater Sydney area is 2.8 per cent for houses and 3.7 [...]

POSTED ON October 16, 2019
Cryptocurrency update – 15 October

Is the Facebook Libra Association dead? No Facebook Libra is not dead, in fact it’s very much alive. The Libra Association has elected a board [...]

POSTED ON October 15, 2019
Trending Financial News 15 October

ASIC takes aim at banks who rely on fine print Product disclosures contained in ‘fine print’ at the bottom of advertisements and promotions for financial [...]

POSTED ON October 15, 2019
Five-year fixed loan rates fall under 3%

MEDIA RELEASE 10 October 2019 There are now 16 five-year fixed rate home loan products with advertised rates under 3 per cent pa listed on [...]

POSTED ON October 14, 2019
Trending Financial News 14 October

Is Facebook Libra falling apart? eBay, Visa, Mastercard and Stripe have joined PayPal in exiting the Facebook Libra coalition. There are now just two payments [...]

POSTED ON October 14, 2019
Five great 0 balance transfer credit cards

*Disclaimer: Citi credit card product names have changed effective 20 Jan 2020 as following: Citi Clear Platinum is now Citi Clear; Citi Rewards Platinum is now Citi [...]

POSTED ON October 11, 2019
Trending Financial News 11 October

Millions of Aussies are switching banks 2.8 million Australians switched to new banks or financial providers for their home loans, credit cards and transaction accounts in the [...]

POSTED ON October 11, 2019
Trending Financial News 10 October

CommBank cuts fixed rates under 3% From today, Commonwealth Bank’s advertised 2 and 3 year (OO, P&I) fixed rates in the “Wealth Package” have been [...]

POSTED ON October 10, 2019
More banks cut rates – for new customers only

MEDIA RELEASE 10 October 2019 Despite ACCC chair Rod Sims’ recent criticism of the bank practice of charging higher rates to loyal existing borrowers than [...]

POSTED ON October 10, 2019
Which bank has the best children’s savings account?

Children’s savings accounts are in the news at the moment, mostly because of controversy surrounding the Commonwealth Bank’s school banking program, Dollarmites. In 2018, the [...]

POSTED ON October 9, 2019