Shop around for best deals

NAB's Classic account will waive the $6 monthly fee if the customer deposits at least $3,500 per month. Consumers can save more money each month by shopping around and ensuring they are in the most appropriate product for their needs. By moving from variable rate home loan charging 7.01 per cent to a loan charging 6.03 per cent a borrower can save $245 per month or $74,000 over the life of the loan according to research by Infochoice.

Source: The Australian Financial Review