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 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 16 August

13% of Aussies are switching banks Trust in Australia’s banks and the financial services industry has dropped following the Hayne Royal Commission according to the [...]

POSTED ON August 16, 2019
Trending Financial News 15 August

Global markets are falling The Australian stock market’s key index, the ASX200 fell more than 100 points on opening today and is now below the [...]

POSTED ON August 15, 2019
Trending Financial News 12 August

Bankwest slashes loan approval times Bankwest has announced new mortgage approval timeframes to try and lure customers who don’t want to wait weeks for loan [...]

POSTED ON August 12, 2019
Is Scott Morrison banning cash?

The Morrison government is proposing a radical ban on business cash transactions over $10,000 to fight the ‘black economy’ and tax avoidance. Business owners will [...]

POSTED ON August 9, 2019
Trending Financial News 9 August

Accept payments on your phone with NAB National Australia Bank (NAB) and Melbourne based payments company Quest are trialling a new payment system that will [...]

POSTED ON August 9, 2019
Trending Financial News 8 August

Commbank to savers: brace for more pain Commonwealth Bank chief Matt Comyn expects the Reserve Bank to cut interest rates by another 0.25 percentage points [...]

POSTED ON August 8, 2019
Trending Financial News 7 August

Big Aussie Bank for sale – going cheap AMP has refused to comment on speculation it is selling its retail banking arm – AMP Bank. [...]

POSTED ON August 7, 2019
Trending Financial News 6 August

Most borrowers are clueless about their loan rate Three quarters of Australian borrowers don’t know their home loan interest rate according to new research released [...]

POSTED ON August 6, 2019
Trending Financial News 2 August

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 [...]

POSTED ON August 2, 2019
Trending Financial News 1 August

Commbank app and Netbank crash Commonwealth Bank’s mobile banking app, the Commbank app, and its internet banking portal, Netbank, both went offline yesterday afternoon affecting [...]

POSTED ON August 1, 2019
Trending Financial News 31 July

ASX sets new high, after 12 long years The key Australian sharemarket index, the ASX 200, closed at 6845.1 points yesterday, a new record high. The ASX [...]

POSTED ON July 31, 2019
Trending Financial News 30 July

Fixed rates fall under 3 per cent Fixed home loan rates continue to fall as cuts sweep through the mortgage market. There are now six [...]

POSTED ON July 30, 2019
Trending Financial News 29 July

Limit $100 notes says government taskforce Australians are keeping wads of $100 and $50 notes hidden away and the government’s taskforce into the black economy [...]

POSTED ON July 29, 2019
Trending Financial News 26 July

Google owes you $1,000 Google must compensate all internet users $1000 for breaching their privacy and selling their information to advertisers says global cyber security [...]

POSTED ON July 26, 2019
Trending Financial News 25 July

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 [...]

POSTED ON July 25, 2019
Trending Financial News 24 July

Commonwealth Bank cuts savings account rates Commonwealth Bank has cut savings rates by up to 0.25 percentage points. Australia’s biggest bank has more than $265 [...]

POSTED ON July 24, 2019
Trending Financial News 23 July

Westpac slashes packaged home loan rate UNDER 4% Westpac has almost doubled the rate discount on packaged home loans to 1.29 per cent from 0.7 [...]

POSTED ON July 23, 2019
Trending Financial News 22 July

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 [...]

POSTED ON July 22, 2019
Trending Financial News 19 July

Hong Kong protests ignite property market in Australia Foreigners are back in the Australian property market after largely disappearing in 2018 and early 2019 according [...]

POSTED ON July 19, 2019
Trending Financial News 18 July

The Great Australian Dream is alive - First home buyers see the light Increasing optimism in property markets is pointing to better days ahead for [...]

POSTED ON July 18, 2019
Trending Financial News 17 July

Macquarie Bank cuts home loan serviceability test Macquarie Bank has cut its minimum home loan serviceability assessment rate from 7.25 per cent to 5.3 per [...]

POSTED ON July 17, 2019
Trending Financial News 16 July

Banks told: Get on top of fraud Banks and other financial institutions have been told firmly by the banking industry ombudsman to do more to [...]

POSTED ON July 16, 2019
Trending Financial News 15 July

The deeming rate cut explained Pros and cons of the deeming rate cuts Centrelink’s deeming rate has been cut, after two recent RBA rate cuts [...]

POSTED ON July 15, 2019
Trending Financial News 12 July

First home buyers are BACK! New home loan sales are falling and first home buyers are jumping in to take advantage of cheap loan deals [...]

POSTED ON July 12, 2019
Home loans with rates UNDER 3%

Home loan rates in Australia have never in living memory been as low as they are now. In short, it’s a great time to be [...]

POSTED ON July 11, 2019
Trending Financial News 11 July

The end of the comparison rate? The competition regulator will introduce a new “online tool to improve the transparency of the mortgage interest rates paid [...]

POSTED ON July 11, 2019
Trending Financial News 10 July

The big bank “tax on households” revealed The big four banks have withheld the equivalent of eight separate rate cuts since the global financial crisis, [...]

POSTED ON July 10, 2019
Trending Financial News 9 July

Westpac pays compo to 40,000 customers Westpac is refunding tens of thousands of customers who have been overcharged interest on their loans. 40,000 borrowers on [...]

POSTED ON July 9, 2019
Trending Financial News 8 July

Suddenly getting a home loan just got easier The 7.25 per cent assessment for home loan applicants has been dropped by the Australian Prudential Regulatory [...]

POSTED ON July 8, 2019
Trending Financial News 5 July

The lowest variable home loan rate ever is 2.89% Home loan rates continue to fall as the Reserve Bank brings down the official cash rate [...]

POSTED ON July 5, 2019
Trending Financial News 4 July

Westpac partly withholds rate cuts – again Westpac has announced a rate cut of 0.20 percentage points on its range of owner occupier loans and [...]

POSTED ON July 4, 2019
Trending Financial News 3 July

RBA cuts rates and is prepared to cut again The Reserve Bank of Australia yesterday cut the official cash interest rate by 0.25 percentage points [...]

POSTED ON July 3, 2019
Trending Financial News 2 July

$1080 coming soon to your bank account Lower and middle-income Aussies could see $1080 in their bank accounts as early as next week thanks to [...]

POSTED ON July 2, 2019
Trending Financial News 1 July

New banking code in force today A new Banking Code of Practice comes into force today, the 1 July 2019. The new code “represents the [...]

POSTED ON July 1, 2019
Trending Financial News 28 June

Macquarie axes international card fees Macquarie Bank has removed international transaction fees on overseas purchases made on Macquarie Bank branded credit cards. Macquarie Bank has [...]

POSTED ON June 28, 2019
Trending Financial News 27 June

UBank cuts savings account rates UBank, a long-time market leader in the at-call savings market, has slashed interest rates on its USaver accounts. The USaver [...]

POSTED ON June 27, 2019
Trending Financial News 26 June

Which bank has more system outages than any other? There were more than 300 service disruptions at Australian banks and other financial institutions in the [...]

POSTED ON June 26, 2019
Trending News 25 June

Aussies choose the loo for banking One in five Australians do their banking on the toilet using their mobile phone, according to a new survey [...]

POSTED ON June 25, 2019
Trending News 24 June

Westpac backs down on lowering serviceability requirement Westpac announced on Thursday afternoon that it would allow loan officers some flexibility to approve home loan applicants [...]

POSTED ON June 24, 2019
Trending News 21 June

Qantas is ‘ripping off’ frequent flyers with QFF changes Qantas’ changes to QFF points is effectively ‘ripping hundreds of millions of dollars off its frequent [...]

POSTED ON June 21, 2019
Trending News 20 June

It’s a borrowers market as home loan sales crash Sales of new home loans has slumped. The latest data from the Australian Prudential Regulatory Authority [...]

POSTED ON June 20, 2019
Trending News 19 June

Two more rate cuts expected for Christmas The Reserve Bank has strongly signalled more rate cuts will be delivered in the next few months. “A [...]

POSTED ON June 19, 2019
Trending News 13 June

Savers need to take action NOW Online savings account rates offered by the big four banks are now all set at 0.5 per cent p.a. [...]

POSTED ON June 13, 2019
Trending News 12 June

Buying vs renting – Buying is the new winner! Falling house prices and lower interest rates have combined to make buying a home much more [...]

POSTED ON June 12, 2019
Trending News 11 June

More NAB home loan borrowers will get compo National Australia Bank will pay back almost 5,000 more home loan customers who were overcharged interest. The [...]

POSTED ON June 11, 2019
Trending News 7 June

ANZ reacts to criticism on interest rates ANZ Bank’s chief executive Shayne Elliott said his bank’s controversial decision not to pass on the full June [...]

POSTED ON June 7, 2019
Trending News 6 June

Westpac targets property investors with rebates Westpac is offering reduced rates and other incentives to try and convince property investors from other banks to refinance [...]

POSTED ON June 6, 2019
Trending News 5 June

Which lenders have passed on the RBA rate in FULL? The Reserve Bank of Australia cut the official cash interest rate in Australia by 0.25 [...]

POSTED ON June 5, 2019
Trending News 4 June

Banks have a ‘responsibility” to pass on rate cuts Treasurer Josh Frydenberg told a conference recently that banks and other lenders “have an economic and [...]

POSTED ON June 4, 2019
Trending News 3 June

Which banks are attracting new customers? The latest APRA monthly banking statistics shows the big banks lost market share to challenger banks and other lenders [...]

POSTED ON June 3, 2019