Good news as savers saved from full rate cuts

Which banks are cutting savings rates? Savers are often forgotten in conversations about rate cuts. Borrowers love lower interest rates but the other side of [...]

POSTED ON June 5, 2019
1000 Auction weekend in Melbourne

Sydney recorded very good Auction results on the weekend with more than 70 per cent of 771 residential properties listed for auction selling on the [...]

POSTED ON March 29, 2010
Rates to go up at least 0.5%

Interest rates are about half of one per cent below long term average levels said the deputy governor of the Reserve Bank of Australia Phillip [...]

POSTED ON March 26, 2010
CUA cuts mortgage rates

Credit Union Australia has cut rates on its standard variable mortgage for new customers by 0.25 per cent to 6.37 per cent. NAB’s standard variable [...]

POSTED ON March 24, 2010
AMP cuts variable mortgage rate

AMP has opted for some price discounting in an effort to generate demand for loans from its banking subsidiary. AMP over the weekend announced a [...]

POSTED ON March 22, 2010
Average mortgage up 40 per cent

The average size of a home loan has risen by 40 per cent since 2005. In Western Australia the average home loan is now $286,300, [...]

POSTED ON March 12, 2010
Rates to go up another two per cent

The Reserve bank of Australia could raise interest rates by another two per cent by August 2011 say economists. Stronger than expected job market numbers [...]

POSTED ON March 12, 2010
Investors like ANZ

ANZ has emerged as the major bank most in favour with banking sector analysts after the latest round of interim and quarterly reports. Among the [...]

POSTED ON March 12, 2010
ING targets internet mortgages

ING Direct’s executive director in charge of mortgages, Lisa Claes says people will be able to sign up to a mortgage and complete conveyancing over [...]

POSTED ON March 11, 2010
ING growing as a mortgage lender

Australia’s fifth largest mortgage lender, ING Direct, plans to capitalise on its “strong competency” in direct distribution of savings products to develop a leading role [...]

POSTED ON March 11, 2010
ANZ team to fix mortgage problems

ANZ Bank has established a specialist team of bank executives to fix problems affecting its mortgage processing systems. ANZ has recently moved to outsource home [...]

POSTED ON March 10, 2010
CBA to join Facebook, Twitter

Commonwealth Bank has appointed its first Social Marketing Manager, to lead a fresh approach into social media strategy. The newly created role signals that the [...]

POSTED ON March 5, 2010
ASIC warns of dual pricing on term deposits

ASIC released the results of its ‘health check’ of the Australian term deposit market. Total term deposits in Australian Deposit Institutions (ADIs) grew by over [...]

POSTED ON March 2, 2010
ING aiming for growth in loans

ING Direct is setting ambitious growth targets for its home loan business. The chief executive of the bank’s Australian operation, Don Koch, is reported as [...]

POSTED ON March 2, 2010
Barbara from ‘A Bank’ working for ANZ

ANZ’s television advertisement featuring Channel Seven’s City Homicide star Genevieve Morris as ‘Barbara’, an arrogant bank teller for “A Bank”, is reported to be striking [...]

POSTED ON February 26, 2010
Only some saving accounts raise rates

Of 53 institutions in the Infochoice database that are offering high interest online savings accounts, only 36 passed on all three RBA rate rises late [...]

POSTED ON February 24, 2010
Small biz welcomes NAB fee relief

The Council of Small Business Organisations of Australia applauds the decision by the National Australia Bank to abolish a series of fees for its small [...]

POSTED ON February 24, 2010
PayPal joins Facebook

After five years in Australia PayPal has five million local accounts. It is hoping for a big increase in that number following a deal it [...]

POSTED ON February 23, 2010
Deposit rates higher than mortgage rates

Interest rates on some savings accounts are greater than mortgage rates for the first time in almost two decades. Competition between banks and credit unions [...]

POSTED ON February 22, 2010
Remit money to a Visa card

Visa and Travelex, the world’s largest international foreign exchange and international payments specialist have announced the launch of the first Visa Money Transfer service in [...]

POSTED ON February 16, 2010
Have you checked your credit report?

Nearly 86 per cent of Australians do not know what their credit report contains according to credit reporting agency Dun & Bradstreet. Rival credit reporting [...]

POSTED ON February 11, 2010
Financial first aid available

People overloaded with debt need to act early to repair their finances. Mark Bates is a financial counsellor with Lifeline Queensland. He says it is [...]

POSTED ON February 8, 2010
Travellers prefer pre-paid cards

Credit card fees and charges are driving travelers to pre-paid travel cards. One of the cheaper options is the ANZ travel card which costs $11 [...]

POSTED ON February 8, 2010