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
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 [...]
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 [...]
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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 [...]
More Aussies are looking into a new mortgage … The number of Australians making enquiries about applying for a new mortgage has increased for the [...]
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 [...]
Who can qualify for the First Home Loan Deposit Scheme? Your two-minute FAQ guide to the First Home Loan Deposit Scheme Whilst seasoned campaigners understand [...]
What is 86 400? 86 400 is a neobank – a completely online bank that is based on mobile phone app technology. 86 400 is [...]
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 [...]
Bank branches are disappearing – fast Almost 10 per cent of bank branches have closed over the last two years. 16 per cent of ATMs [...]
Credit card issuers are under pressure to sign up new customers at the moment. And that has led to the proliferation of some amazingly generous [...]
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 [...]
“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 [...]
Is your local garbage tip more organised than your finances? Bear in mind, we are not talking about how much money you have in the [...]
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 [...]
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 [...]
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 [...]
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 [...]
Less than one year after the Royal Commission into Financial Services, the big banks and other mortgage lenders face a new government inquiry. Today the [...]
School banking and children’s savings accounts – There are good accounts and not so good accounts … The spotlight is on school banking programs, which [...]
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 [...]
ING is one of Australia’s most popular lenders, outside of the big four banks. ING is also a popular bank with savers and the ING [...]
Around 100,000 owner-occupier home loan borrowers have been reclassified as investors. The change means they could be hit with higher interest rates in the future. [...]
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 [...]
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. [...]
A huge part of the fun and excitement of looking for a new home is browsing all the real estate websites and cooing over the [...]
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 [...]
Where can you find a property bargain? The cost of living in Sydney is inarguably high. As a comparison, house prices are approximately 23 per [...]
What is cardless cash? Cardless cash means withdrawing cash from an ATM without a card. Spoiler alert – it’s done with your mobile phone. It’s [...]
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 [...]
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 [...]
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. [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
A new Aussie bank opens its (mobile) doors Sydney-based Xinja Bank has begun marketing transaction accounts to customers after securing a full banking licence from [...]
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 [...]
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 [...]
Which banks are Australia’s customer favourites? Teachers Mutual bank, ING and Bank Australia are Australia’s favourite banks, measured by how willing their customers are to [...]
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 [...]
New Aussie bank taking deposits from tomorrow Australia’s newest business bank, Judo Bank, is opening for deposits with a line of competitively priced term products [...]
Borrowers are not finding the cheapest home loans “We believe that some consumers are likely taking out loans when cheaper alternatives exist,” said the latest [...]
Older Aussies still repaying the mortgage Average mortgage debt among older Australians, over 55 years, has soared from $27,000 to more than $185,000, according to [...]
Car loan rates crash to under 5% Peer-to-peer lender RateSetter has dropped its car loan interest rates. RateSetter’s new advertised rates start from 4.69 per [...]
New bank 86 400 is now up and running Neo bank 86 400 is offering services to the public just five weeks after securing a [...]
MyState expands out of heartland MyState is now selling more loans and financial products outside of Tasmania than within its home state. MyState now offers [...]
Not everyone likes the new Commbank app The Commonwealth Bank’s new app, CommBank app 4.0 is being hailed as a transformative step on the road [...]
PayID hacked and customer data leaked An unnamed credit union has suffered a security breach and has lost “a number of PayID records and associated [...]
RBA demands banks deliver real-time payments The Reserve Bank has issued a firm warning to the big banks that they will face huge fines unless [...]
Citi credit cards get a Buy Now Pay Later option Citi Australia cardholders will get the option of paying for goods from big online retailer [...]
New Westpac loan rules in effect tomorrow Westpac has announced new loan rules that come into effect tomorrow for all new Westpac, St George, Bank [...]
One debt collector is the king of bankruptcy The Financial Counsellors association, the Consumer Action Law Centre and the Financial Rights Legal Centre are all [...]
Aussie John wants his home loans back “Aussie” John Symond, the founder of non-bank lender Aussie Home Loans has suggested he wants to buy back [...]
Your guide to switching banks Australians are more likely to get divorced than change their bank. But thanks to a number of government regulations in [...]
Auction results from Saturday 3 August Auction clearance rates continue to indicate a strengthening property market with CoreLogic reporting that 68.3 per cent of 1100 [...]
Bank customers get rights to own data Open Banking laws passed by parliament yesterday give consumers more rights to access their own data held by [...]
More rate cuts are coming in 2019 The Reserve Bank will cut interest rates in October 2019 and February 2020, Westpac economists predict, as unemployment [...]
Commonwealth Bank’s online brokerage, CommSec, has launched a new mobile phone app called CommSec Pocket. CommSec Pocket is aimed at savers who perhaps have not [...]
Has Mack Horton started a trade war with China? China’s state-run media is demanding an apology from Australia after an incident at the World Swimming [...]