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 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
Best credit cards for Christmas 2019

Australians love gifts. In fact, Aussies love giving more than receiving, according to recent research from the Financial Planning Association. 85 per cent of people [...]

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

Credit cards offer plenty of benefits to smart users who stay in control of their spending and repay their debts each month. Those people get [...]

POSTED ON November 1, 2019
Trending Financial News 31 October

Dollarmites in trouble again Consumer lobby group CHOICE has revealed an investigation into Commonwealth Bank’s school banking program Dollarmites found the bank is marketing the [...]

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

Balance transfer credit cards give you the opportunity to make real inroads into hard-to-shift consumer debt. By giving you a long honeymoon period with no, [...]

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 country has the lowest interest rates?

What are interest rates around the world? In 2019, interest rates around the world are trending lower. Since the Global Financial Crisis in 2008, many [...]

POSTED ON October 9, 2019
Trending Financial News 9 October

ANZ to pay more compo to customers ANZ Bank will pay remediation costs of $559 million to customers who have been charged fees wrongly on [...]

POSTED ON October 9, 2019
Trending Financial News 8 October

Commonwealth Bank wants to hear from customers Commonwealth Bank is sending 8.5 million letters to its customers today inviting them to participate in a customer [...]

POSTED ON October 8, 2019
Trending Financial News 7 October

More lenders cut home loan rates More lenders are announcing rate cuts following the RBA’s October rate cut of 0.25 percentage points on Tuesday. P&N [...]

POSTED ON October 7, 2019
Trending Financial News 4 October

Government tells borrowers – vote with your feet The treasurer Josh Frydenberg has again slammed banks for not passing on the full amount of the [...]

POSTED ON October 4, 2019
Athena Home Loans

Athena Home Loans like to deliver savings When the Reserve Bank of Australia announced a 0.25 percentage point rate cut this week, the first lender [...]

POSTED ON October 3, 2019
Trending Financial News 3 October

Scott Morrison says banks are ‘profiteering’ The Prime Minister Scott Morrison has slammed the big four banks for not passing on the RBA’s October rate [...]

POSTED ON October 3, 2019
Trending Financial News 2 October

Owner occupier rule change hits 100,000 borrowers Around 100,000 Australian home loan borrowers could be hit with interest rate increases on owner occupier mortgages after [...]

POSTED ON October 2, 2019
Trending Financial News 1 October

Sydney property prices are rising – at last After two years of falling home values, Sydney house prices are now rising again as buyer activity [...]

POSTED ON October 1, 2019
Trending Financial News 30 September 2019

RBA expected to cut rates on Tuesday The Reserve Bank of Australia is expected to cut official interest rates this week, bringing the leading home [...]

POSTED ON September 30, 2019
Trending Financial News 26 September 2019

Sydney no longer Australia’s most expensive housing market Sydney has lost its title as Australia’s most expensive city for homes to Byron Bay, population 30,000. [...]

POSTED ON September 26, 2019
Trending Financial News 25 September 2019

Big banks cut savings rates ANZ Bank has cut savings account interest rates by 0.10 per cent. Westpac announced a cut of 0.10 per cent [...]

POSTED ON September 25, 2019
How does a balance transfer work?

If you’ve been wondering about balance transfers and whether one would work for you, find out more about it all in this, your guide to [...]

POSTED ON September 24, 2019
Trending Financial News 24 September 2019

New monthly premium LMI launched Big lenders mortgage insurance provider Genworth announced the launch of a new LMI product not requiring the premium to be [...]

POSTED ON September 24, 2019
Trending Financial News 23 September 2019

What is a ‘community bank?’ Bendigo and Adelaide Bank has lost its exclusive right to brand itself as a community bank following a ruling in [...]

POSTED ON September 23, 2019
Trending Financial News 20 September 2019

Morrison government moves to limit cash The Morrison government has introduced a new bill to parliament to ban business cash transactions of $10,000 or more. [...]

POSTED ON September 20, 2019
Xinja Bank – what is it all about?

Xinja Bank is a new kind of bank that is not yet fully operational. In the next few months Xinja will launch new accounts and [...]

POSTED ON September 19, 2019
Guarantor Home Loans – How to Get One

What is a guarantor home loan and how does it work? Quite simply, a guarantor home loan is one that has a portion of the [...]

POSTED ON September 19, 2019
Has the housing market ‘turned?’

Property prices in Australian capital cities has been falling since 2017. Many home buyers and investors have been sitting on the sidelines, waiting to see [...]

POSTED ON September 19, 2019
Trending Financial News 19 September 2019

What are the odds of winning Powerball? The Powerball jackpot this week is the biggest in Australian history at $150 million and one in three [...]

POSTED ON September 19, 2019
What are my chances of winning Powerball?

The Powerball jackpot this week is the biggest in Australian history at $150 million. One in three Aussie adults is expected to play this week's [...]

POSTED ON September 18, 2019
Trending Financial News 18 September 2019

ING Savings Maximiser cuts maximum interest rate ING Australia have announced to their customers that the Savings Maximiser bonus rate is being cut from today, [...]

POSTED ON September 18, 2019
Trending Financial News 17 September 2019

Borrowers switching to Principal & Interest Home loan borrowers are ditching interest-only loans as they look to reduce mortgage debt in the current low rate [...]

POSTED ON September 17, 2019
How much can I borrow?

New ‘secret shopper’ research reveals what each big bank is prepared to lend – and the answers will SHOCK you. In fact, the differences right [...]

POSTED ON September 13, 2019
Trending Financial News 13 September 2019

First Home Buyer Loan Deposit Scheme is coming soon The First Home Loan Deposit Scheme legislation will be introduced to parliament today to enable the [...]

POSTED ON September 13, 2019
Trending Financial News 12 September 2019

CURRENCY CONVERSION RIP-OFF Big banks under sustained fire from regulators The big four banks and AMP Bank face 86 royal commission related investigations plus 59 [...]

POSTED ON September 12, 2019
Trending Financial News 11 September 2019

ASIC appeals “Wagyu and Shiraz” ruling The corporate watchdog, the Australian Securities and Investments Commission, has lodged an appeal against a Federal Court decision in [...]

POSTED ON September 11, 2019
What is the cashless welfare card?

All Centrelink payments get paid as cash into bank accounts as a right of every Australian. Until now. Since the Howard government, remote communities have [...]

POSTED ON September 10, 2019
Big banks join low rate mortgage war

Westpac announces amazing new low rates and first major regional bank goes under 3%* Westpac slashes home loan rates by up to 1.30%. Westpac has [...]

POSTED ON September 10, 2019
Trending Financial News 9 September 2019

Westpac takes axe to home loan rates Westpac has entered the home loan rate cutting war by announcing some extraordinary low rates for first home [...]

POSTED ON September 9, 2019
What’s a good personal loan rate?

Your personal loan is a means to an end. Your way of achieving your dream – of a new (or used) car, a holiday, paying [...]

POSTED ON September 6, 2019
Trending Financial News 6 September 2019

Points rewards schemes are hard to understand 90 per cent of Australian consumers are members of at least one loyalty scheme. The average Aussie has [...]

POSTED ON September 6, 2019
What to consider when refinancing your home loan

By Richard Holdcroft With the lowest home loan interest rates in history now on offer, there are potentially huge savings to be had on your mortgage. Thanks [...]

POSTED ON September 5, 2019
Trending Financial News 4 September 2019

Sydney and Melbourne lead home price turnaround Average home prices in Australian capital cities rose during August, for the first time since August 2017, according [...]

POSTED ON September 4, 2019
RBA leaves rates unchanged for September

MEDIA RELEASE 3 September 2019 Four-year fixed rates go under 3% The Reserve Bank of Australia board has left the official overnight cash rate (OCR) [...]

POSTED ON September 3, 2019