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
What is PropTech?

Jonathan JacksonInfoChoice investment expert writer Proptech is changing the way homebuyers, investors and developers make property purchases. New technology in the buying and selling of [...]

POSTED ON January 23, 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
How to find the best savings account in Australia

Comparing Savings Accounts: Your InfoChoice Guide to Savings Accounts, January 2020 Looking for your best savings account means not just jumping at the highest rate [...]

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
Top Platinum level credit cards in Australia

Platinum, black and gold level credit cards offer a higher level of service than the average credit card. These are credit cards for people who [...]

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
Top term deposit rates in 2020

The new year brings a new opportunity for savers and investors to review their accounts, compare returns and ensure they are getting the best rates [...]

POSTED ON January 15, 2020
Five easy things you can do today to get richer

Building wealth needs patience, work, diligence and knowledge. InfoChoice can help you get your own everyday banking and finances in order by helping you compare [...]

POSTED ON January 15, 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
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
Cryptocurrency price outlook 9 January 2020

The great crypto clean out of 2020 Cyrptocurrency markets may be cleaning out the non-performing lesser known cryptocurrencies in favour of Bitcoin and one or [...]

POSTED ON January 9, 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
What is a neobank?

The digital revolution of the last decade or so has reached into banking, with many existing banks offering online–only accounts and products. More recently, Australia [...]

POSTED ON January 8, 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
Term Deposit Rate Update January 2020

In January 2020, InfoChoice’s top term deposits include products with market-leading rates, like the Green Term Deposit from UBank, Citi Australia’s term deposits and Judo [...]

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 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
Can I 3D print a house?

Are you depressed by the expensive price of houses and home and land packages in Australia? Have you considered looking for an affordable, empty block [...]

POSTED ON December 18, 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
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 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
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
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
How to get a basic fee-free bank account

An everyday transaction banking account is a basic necessary tool of modern life. Australian banks have recently committed to strengthening the protections for Aussies who [...]

POSTED ON November 22, 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
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
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
Guide to first home loan deposit scheme.

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 [...]

POSTED ON October 29, 2019
First InfoChoice review of 86 400

What is 86 400? 86 400 is a neobank – a completely online bank that is based on mobile phone app technology. 86 400 is [...]

POSTED ON October 29, 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
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
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
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
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
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
Has ING cut interest rates?

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 [...]

POSTED ON October 9, 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
Home buying bargains in regional Australia

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 [...]

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
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
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
Trending Financial News 10 September 2019

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 [...]

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
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
Trending Financial News 5 September 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 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
Trending Financial News 3 September 2019

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 [...]

POSTED ON September 3, 2019
Trending Financial News 30 August

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 [...]

POSTED ON August 30, 2019
Trending Financial News 29 August

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 [...]

POSTED ON August 29, 2019
Trending Financial News 28 August

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 [...]

POSTED ON August 28, 2019
Trending Financial News 27 August

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 [...]

POSTED ON August 27, 2019
Trending Financial News 26 August

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 [...]

POSTED ON August 26, 2019
Trending Financial News 23 August

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 [...]

POSTED ON August 23, 2019
Trending Financial News 22 August

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 [...]

POSTED ON August 22, 2019
Trending Financial News 21 August

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 [...]

POSTED ON August 21, 2019
Trending Financial News 20 August

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 [...]

POSTED ON August 20, 2019
Trending Financial News 19 August

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 [...]

POSTED ON August 19, 2019
Trending Financial News 14 August

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 [...]

POSTED ON August 14, 2019