How to meet your financial goals for 2018

Are you hoping to settle your debts, save for a trip overseas or maybe start a small business in 2018? Whatever your financial goals this [...]

POSTED ON May 8, 2017
How to buy property as a millennial

Growing up a millennial certainly has its advantages, like having a strong entrepreneurial mindset and dreams of self-employment. In fact, the disposable income of Australian [...]

POSTED ON March 27, 2017
What would I use a term deposit for?

Whether you’re saving for a holiday, a house or a more comfortable future, a term deposit can offer an attractive mix of higher returns and [...]

POSTED ON March 27, 2017
Saving for a holiday and a house

Climbing the corporate ladder is hard work, and you’ll naturally want to take some time out occasionally. Travelling is a great way to rest, recharge [...]

POSTED ON March 27, 2017
Savings accounts vs. term deposits

If you want to save money and earn interest, savings accounts and term deposits are both worth looking into. We’ve examined the differences and similarities between [...]

POSTED ON October 28, 2016
Key term deposit terms you should know

Term deposits offer a guaranteed return, making them particularly popular among more cautious investors or as a low-risk component of a diversified investment portfolio. However, [...]

POSTED ON October 28, 2016
What is the average term deposit rate right now?

Banks and credit unions regularly change their term deposit rates and the Australian Securities and Exchange Commission has warned consumers to be alert to changed [...]

POSTED ON May 26, 2016
Farmers get early access to term deposits

ANZ Bank is offering dairy farmers, and other farmers, concessions to help deal with debt and lower prices, including a three-month suspension of loan repayments, [...]

POSTED ON May 20, 2016
What are the average term deposit rates now?

Average term deposit rates Average savings interest rates have fallen slightly in the last 12 months.The average three month term deposit rate is now about [...]

POSTED ON May 16, 2016
Are my bank accounts taxed?

The interest earned on bank deposits like savings accounts and term deposits is taxed at the marginal rate that applies to the taxpayer.For people earning [...]

POSTED ON November 18, 2015
Are my deposits safe?

When we want to save money, Aussies like to stick it in the bank. Saving and investing in cash – like a bank account or [...]

POSTED ON November 18, 2015
Are term deposits good value right now?

A term deposit is a savings account product that gives you a fixed rate of return for agreeing to lock your money away for an [...]

POSTED ON November 6, 2015
Which bank has the best term deposits?

All banks and credit unions offer a range of term deposits, from a few weeks in length to five years or longer. Most term deposits [...]

POSTED ON October 28, 2015
Work, save and invest with InfoChoice

The Commonwealth government treasurer Scott Morrison said Australians must work, save and invest in order to look after themselves. The government has also announced proposed [...]

POSTED ON October 22, 2015
Don’t be rolled over on your term deposit rate

The Australian Securities and Investment Commission has reported that the biggest ‘risk’ associated with term deposits is the risk of being rolled over at the [...]

POSTED ON October 21, 2015
What are the best term deposit rates right now?

Savers and investors need to shop around and carefully compare term deposit rates in this current low rate environment. Savers who ‘set and forget’ their [...]

POSTED ON October 16, 2015
Why are term deposit rates less than savings rates

Australian Prudential Regulation Authority chairman Wayne Byres questioned why banks and credit unions are offering higher rates on at-call savings accounts over term deposits.Byres is [...]

POSTED ON September 22, 2015
Savings account vs term deposit

If you are looking for a reasonable return on your savings without substantial risk, you need to research the market for savings accounts and the [...]

POSTED ON September 18, 2015
Are term deposits a good deal?

The best 12 month term deposit deals right now are paying about 3.0 per cent. The average 12 month term deposit is currently paying about [...]

POSTED ON September 18, 2015
Do you want a good term deposit deal?

Depositors can still get good savings interest rates - over three per cent - by shopping around and being prepared to move their money to [...]

POSTED ON August 24, 2015
Do I want a term deposit or a savings account?

Term deposits are still enormously popular with investors and savers. High interest online savings accounts are currently offering rates that are very competitive with term [...]

POSTED ON August 7, 2015
Is a term deposit worth it?

Term deposit rates have fallen significantly over the last few years but they remain popular with many savers. Retirees especially like term deposits for their [...]

POSTED ON July 21, 2015
The best and the worst of term deposits

With interest rates at historic low levels, people in the market for a term deposit need to seek out the good deals to ensure they [...]

POSTED ON July 10, 2015
Average term deposit rates rise

Interest rates for savers in the deposit market continue to fall. Savers have to carefully shop around to find good rates. The good news is [...]

POSTED ON July 10, 2015
The highest 1yr term deposit rates right now

Interest rates are at historically low settings but it is still possible to find good rates of return on your savings.Police Bank has the highest [...]

POSTED ON June 19, 2015
Which banks have raised rates on term deposits?

Several banks have increased term deposit interest rates in the last month to attract new money.Commonwealth Bank has raised its eight-month term deposit rate. Westpac [...]

POSTED ON June 5, 2015
1 year term deposit vs 3 year term deposit

Term deposits are a great way to secure a low risk investment income stream. While interest rates are low at the moment, many term deposits [...]

POSTED ON May 15, 2015
Yes you can still find good term deposit rates

Term deposits are traditionally an important part of many saver’s strategies and often comprise a big part of retiree’s income streams.Term deposit rates have come [...]

POSTED ON May 8, 2015
How long a term deposit is right for me?

Traditionally the most popular term deposits are 12 month terms. Three month and six month terms are also popular for people wanting flexibility.Two year terms [...]

POSTED ON April 17, 2015
What are the top term deposit rates right now?

Despite falling interest rates, term deposits remain a favourite investment for millions of Australians. Retirees looking for a secure and safe income bearing investment are [...]

POSTED ON March 23, 2015
Term deposits still paying good rates

Despite low interest rates, term deposits remain a firm favourite among Australian investors and savers.There are still term deposit rates over four per cent available [...]

POSTED ON March 11, 2015
Savers still like term deposits

The level of deposits in banks and credit unions is still rising despite low rates. One month ago, in January 2015, it was possible for [...]

POSTED ON March 3, 2015
Banks to add more to RBA rate rises

Borrowers are likely to be slugged by more rate rises from RBA and more margin expanding rate rises from the big banks as well. The [...]

POSTED ON November 2, 2009
Switch your lender & save $3,800

Over the last 14 months of the GFC, many people moved their money and their business to a big four bank. Many people could simply [...]

POSTED ON November 2, 2009
Four steps to switching banks

Switching bank accounts to a new bank is easier than it has been in the past, but can still be a complex process. ASIC and [...]

POSTED ON November 2, 2009
Fee changes to all transaction accounts

Almost all banks, credit unions and building societies have announced changes to the fees they charge their credit card, loan and account customers. Now may [...]

POSTED ON November 2, 2009
Banks trying to connect with customers

ANZ, Westpac and NAB have launched new marketing programs recently all trying to reconnect with their customers and communities. ANZ have re-fashioned their signage with [...]

POSTED ON November 2, 2009
Most borrowers reject fixed rates

Most homeowners are choosing to stick with their variable rate mortgages with only ten per cent saying they are opting to fix their rate now. [...]

POSTED ON November 2, 2009
Aussies are stashing their cash

The first national study by Westpac into the social effects of the global financial crisis shows more than 32% of Australians are cocooning in the [...]

POSTED ON November 2, 2009
School tuckshops take credit cards online

Parents at some schools are paying for their children’s lunches online with their credit card to avoid having to give their children money. Holy Cross [...]

POSTED ON October 6, 2009
Aussie share obsession cuts our wealth

Australians lost almost twice as much money during the global financial crisis as people in other countries according to the 2009 global wealth report, by [...]

POSTED ON October 6, 2009
Ten million online bankers

Almost 10 million Australians visited their online internet bank each week, but more visit and spend much more time on social networking sites such as [...]

POSTED ON October 6, 2009
Less competition in banking

National Australia Bank yesterday acknowledged to a senate committee hearing in Melbourne that banking consumers' choices had narrowed in the past year. “I think it's [...]

POSTED ON October 6, 2009
Auction continue to deliver results

There were only 171 auctions listed in Sydney on the October long weekend but the clearance rate improved to 72.5 per cent from 62 per [...]

POSTED ON October 6, 2009
Competition returning to mortgage market

NAB, ANZ and second tier lenders all managed to claw back mortgage market share in August. ANZ said they have improved turnaround times on mortgage [...]

POSTED ON October 2, 2009
Borrowers head to Commonwealth in August

The growth story in the loan market remains that of Commonwealth Bank, which lifted its lending by 1.2 per cent over the month of August [...]

POSTED ON October 2, 2009
200,000 Ford car loans sold to Macquarie

Macquarie Leasing will take over the servicing of the Ford loans by January 2010. The portfolio covers around 200,000 vehicles and adds to the bank’s [...]

POSTED ON October 2, 2009
Savings tax to be slashed

The federal government’s Henry review into taxation is set to recommend that tax on savings should be slashed. Ken Henry said yesterday that a middle [...]

POSTED ON October 2, 2009
Savers want good rates and no fees

Bank customers are fed up with fees on savings accounts and want to be rewarded with higher rates for saving regularly, according to a new [...]

POSTED ON October 2, 2009
RaboPlus to launch bonus saver account

RaboPlus will add a bonus saver account to its product portfolio to be launched next week. It will pay five per cent interest to customers [...]

POSTED ON October 2, 2009
Banks deny rate rise plans

Speculation is continuing that the big banks are planning to raise interest rates on variable rate mortgages independently of the Reserve Bank. Banks are continuing [...]

POSTED ON October 2, 2009
Grants cut down but sales to hold up

First home buyers of new homes will be entitled to $14,000 of federal government assistance from today, October 1, down from the $21,000 grant paid [...]

POSTED ON October 1, 2009
ME’s Online Savings Account ahead of the pack

ME Bank’s Online Savings Account has won the Australian Financial Review Smart Investor Blue Ribbon Awards 2009, Overall Savings Account Category. Savings products from over [...]

POSTED ON October 1, 2009
InfoChoice more popular than ever

Traffic to the InfoChoice website has grown 56 per cent from January to June 2009. remains Australia’s most popular banking product comparison website as [...]

POSTED ON August 31, 2009
50,000 seek hardship relief

More than fifty thousand Australian households have been given hardship relief by major banks in the past year. Westpac, St George, ANZ, National Australia Bank, [...]

POSTED ON August 31, 2009
Government checks up on bank rate rises

Sources within the major banks say the federal Treasury rang around all major banks last week to check on rumours that they are planning on [...]

POSTED ON August 31, 2009
Be prepared for higher rates says RBA

Homebuyers have to be prepared for higher interest rates says the governor of the Reserve bank, Glenn Stevens. Stevens told a parliamentary hearing that rate [...]

POSTED ON August 17, 2009
No May rate cuts expected

The Reserve Bank of Australia is expected to keep official interest rates on hold at three per cent when the board meets this week. Economists [...]

POSTED ON May 4, 2009
Suncorp downgraded

Suncorp Bank's cost of borrowing looks set to rise significantly after ratings agency Standard & Poor's downgraded the bank's long term rating from A+ to [...]

POSTED ON January 9, 2009
Term deposit boom looks over

Money invested in term deposits grew almost fifty per cent last year as investors looked to take money out of markets and place them in [...]

POSTED ON January 2, 2009
Rates to plunge to two per cent

The Reserve Bank will cut official interest rates to 2.5 per cent or below next year say some economists because unemployment is expected to almost [...]

POSTED ON December 31, 2008
Big rates on offer from small banks

Some smaller institutions are still offering deposit interest rates of six and seven per cent, at call, on even small amounts of cash despite big [...]

POSTED ON December 15, 2008
Shortage of notes as cash goes under beds

Demand for $100 notes is climbing because people are taking their money out of banks and credit unions and storing it under their bed. The [...]

POSTED ON December 12, 2008
Aussies reject shares for bank deposits

More people than ever before believe that banks, credit unions and building societies are best place to invest their savings. According to the Westpac-Melbourne Institute [...]

POSTED ON December 11, 2008
Aussies reject saving to spend up big

Treasury estimates that Australians will save just thirty per cent of their economic stimulus payments now being paid to low and middle income families, pensioners [...]

POSTED ON December 9, 2008
Investors rush to bank deposits

Investors continued to choose bank deposits in October over shares and other investment options. More than $11 billion was deposited in banks, credit unions and [...]

POSTED ON December 1, 2008
Only Rabo not offering guarantee

Rabobank and its wealth management arm RaboPlus will go it alone in Australia and not participate in the government deposit guarantee scheme for depositors with [...]

POSTED ON November 28, 2008
Bank guarantee becomes law

The Greens failed yesterday to amend the bill to give banks and their depositors the benefit of a government guarantee over deposits and wholesale bank [...]

POSTED ON November 27, 2008
Big depositors get to opt out of guarantee

National Australia Bank said it would give customers with funds over $1 million the choice of opting out of the government guarantee. For customers who [...]

POSTED ON November 27, 2008
Bank guarantee to be made into law

The government will today introduce legislation to the parliament to make its bank deposit guarantee law, just three sitting days before parliament rises for the [...]

POSTED ON November 25, 2008
Deposit guarantee favours big banks

The government has published its sliding scale of fees it will charge banks and credit unions for guaranteeing retail deposits over one million dollars and [...]

POSTED ON November 24, 2008
Banks planning new deposit products

Big banks are planning on launching new term deposit and guaranteed accounts to counter the threat of money moving to other institutions after the 28th [...]

POSTED ON November 11, 2008
Big banks want rate cap on guarantee

The big four banks want a cap on the interest rates paid on deposits covered by the federal government’s deposit guarantee. The chairman of the [...]

POSTED ON November 6, 2008
Rates headed down to 3 per cent next year

Markets are pricing in rate cuts to take the official rate to 3.75 per cent over the next six months. Yesterday the Reserve Bank made [...]

POSTED ON November 5, 2008
RBA may cut by 0.75 per cent

Increasing evidence of a recessionary trend in economic data is adding weight to expectations of a big cut in interest rates this afternoon by the [...]

POSTED ON November 4, 2008