How to choose a loan for your business

New businesses often require an infusion of cash to get up and running. Whether it’s to cover the rent for an office, purchasing or leasing [...]

POSTED ON February 14, 2018
The small business owner’s guide to grants

Small businesses are a significant part of the Australian economy. Whether you work for yourself running a freelancing business, or you own a small grocery [...]

POSTED ON February 14, 2018
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. InfoChoice.com.au 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
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
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
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
Deposit guarantee fees outlined

Foreign banks have been included in the federal government's deposit guarantee scheme for their short term wholesale funding raised from Australian residents and a fee [...]

POSTED ON October 27, 2008
Govt guarantee creates surge in bank deposits

Bank deposits increased last week by 6 to 9 per cent as money rushes into the financial institutions protected by the federal government's deposit guarantee [...]

POSTED ON October 27, 2008
RBA wants a low cap on deposit guarantee

The Reserve Bank warned the government that a cap would be required for the deposit guarantee scheme to prevent large investors moving money into protected [...]

POSTED ON October 23, 2008
Millionaires to pay for deposit guarantee

Depositors with more than $1 million will pay a premium for the government's guarantee on deposits under changes announced yesterday by the Prime Minister Kevin [...]

POSTED ON October 22, 2008
Eight per cent term deposits ending soon

Investors willing to lock away $10,000 for one year can get rates of 8 per cent, but those historically high interest rates are set to [...]

POSTED ON October 16, 2008
Savings account interest rates slashed

Interest rates on deposit and high interest savings accounts are coming down rapidly. Term deposit rates have fallen in the last two weeks by as [...]

POSTED ON October 16, 2008
Banks cut deposit rates

The Commonwealth Bank, Westpac, NAB and ANZ confirmed they would be cutting rates on deposit accounts, in some cases by more than the 1 per [...]

POSTED ON October 9, 2008
NAB launches UBank brand

National Australia Bank announced the establishment of UBank, a new direct channel offering, focused on savings products. As the first brand in NAB's Star Direct [...]

POSTED ON October 2, 2008
Promotional rates work for BankWest and ING

Promotional rates on deposit products offered by foreign banks appear to be working, with BankWest adding five per cent in August to $14.8 billion, and [...]

POSTED ON October 1, 2008
Commonwealth leads on deposits

Commonwealth increased deposits by 1.3 per cent during August to $111 billion, with the deposit balance $20 billion or 22 per cent higher than the [...]

POSTED ON October 1, 2008
Investors switch to term deposits

Investors are switching from cash management trusts to term deposits as concern grows in relation to the health of many investment banks and investment houses. [...]

POSTED ON September 23, 2008
ANZ raises rates on deposits

ANZ has gone against the trend and raised interest rates on its 12 month term deposits by 0.3 per cent from 7.0 per cent to [...]

POSTED ON September 5, 2008
Banks cut rates on loans and deposits

All the major banks cut their standard variable home loan interest rates by 0.25 per cent yesterday. All four announced the changes within 10 minutes [...]

POSTED ON September 3, 2008
Banks lend super contributions to customers

Superannuation contributions are being channelled through the wealth management arms of banks and life companies via cash account and term deposit options into their lending [...]

POSTED ON August 29, 2008
Depositors cash in

Investors are cashing in on high rates of return from simple deposits in the bank, as market turmoil drives other investments down. Banks are desperate [...]

POSTED ON July 28, 2008
Australia needs more saving

Tax incentives to encourage saving are needed to help Australia through the global credit crunch say leading business figures. Restrictions on lending could be eased [...]

POSTED ON July 23, 2008
DIY super goes to cash and term deposits

The self managed superannuation funds sector continued to expand during the 2008 March quarter. The number of SMSFs at the end of March was 378,656, [...]

POSTED ON July 21, 2008
Depositors get nine per cent return

Depositors can get returns from high interest online savings accounts and term deposits right now as the banks turn to retail deposits amid ongoing credit [...]

POSTED ON July 21, 2008
Investors go for safety

Term deposits and cash investments are growing in popularity as investors shy away from equities. The ASX200 has dropped 15.4 per cent this year and [...]

POSTED ON June 20, 2008
BankWest expanding, not selling

BankWest torpedoed speculation over whether HBOS might sell its Australian retail bank. Retail chief Ian Corfield said HBOS was "completely committed" to Australia for the [...]

POSTED ON June 12, 2008
ING makes ID easier

ING Direct has become the first Australian bank to allow customers to open and operate a deposit account entirely online. The bank has done away [...]

POSTED ON June 3, 2008
Higher rates for BankWest business deposits

Following the Reserve Bank's increase in the official cash rate of 25 basis points this week, BankWest has moved quickly to pass on the benefit [...]

POSTED ON March 5, 2008
BankWest first to lift online deposits

BankWest has lifted the 12 month introductory rate on their Telenet Saver Account 0.30 per cent (0.05 per cent more than the RBA increase) to [...]

POSTED ON February 5, 2008
Business confidence shaken

Financial market volatility and weaker profit results saw business confidence fall at the end of 2007. While the NAB Monthly Business Survey index rose by [...]

POSTED ON January 30, 2008
Save online for best interest rates at-call

With interest rates low, savers looking for decent returns in an at-call deposit account will do well to look to the internet. An increasing number [...]

POSTED ON January 24, 2008
Term Deposit Calculator

Project your interest earnings from term deposits. The result will differ depending on the frequency that interest is calculated and credited to your account. Note: [...]

POSTED ON December 11, 2007
Savings Calculator

Project how much you can accumulate over time from an initial contribution and regular ongoing deposits. Note: The results from this calculator should be used [...]

POSTED ON December 11, 2007
Tips for working from home

As a self-employed person you'll have plenty of important decisions to make before you set up shop, not the least of which is deciding where [...]

POSTED ON December 10, 2007
Small business customers on the move

Twelve per cent of micro business customers said they would definitely change banks during the next six months, while 20 per cent said it was [...]

POSTED ON February 23, 2005
Term Deposit

Fixed-term deposits are savings accounts which offer higher rates of interest in return for committing funds for a set period. The longer the term, the [...]

POSTED ON October 2, 2003
Debentures

Debentures are fixed-interest securities on which the issuer pays interest at a fixed rate and for a specific term. In this way, debentures are similar [...]

POSTED ON October 2, 2003
Tweed grabs National Mutual name

David Tweed has registered the company name National Mutual, the former name of Axa Asia Pacific. Tweed registered the name in early April although he [...]

POSTED ON September 12, 2003
Consolidate your cash savings

To make sure you are getting the maximum interest return on your savings, consolidate your accounts into one to make the most of tiered interest [...]

POSTED ON February 12, 2001
Don’t lock in all your savings

In searching for higher interest returns, be careful to retain some flexibility by not locking all your savings away. Make sure you keep some savings [...]

POSTED ON February 12, 2001
Think hard about future needs

Be sure of the timeframe over which you wish to invest your money. Early withdrawal and associated 'break costs' will eat into your gains. [...]

POSTED ON February 12, 2001
Proof of Identity

If you are not an existing customer you may need to supply proof of identity as per requirements laid out within the Financial Transactions Reports [...]

POSTED ON February 12, 2001
Xmas mobile shoppers beware

Consumers buying mobile phones for Christmas should check and understand the terms of their phone contract before signing warns the Australian Communications Authority (ACA). The [...]

POSTED ON December 12, 2000
Record health fund profits prompt payout call

Private health funds are under increased pressure to help out consumers and struggling private hospitals after recent figures indicate a record $343 million profit for [...]

POSTED ON December 11, 2000
Anger at Kurnell airport plan

The Federal Government's plan for a second Sydney airport in Kurnell – supported by Prime Minister John Howard – has been attacked by local residents [...]

POSTED ON December 11, 2000
Chat sites back under the hammer

Criminal lawyer, Chris Murphy, is launching a defamation action against online stock chat forum Stockhouse. It appears that the abuse and allegations against Murphy were [...]

POSTED ON December 11, 2000
Virgin Blue arrives in Adelaide

Virgin Blue commenced its Brisbane to Adelaide service yesterday. The red Boeing 737 didn't have one empty seat and flew under an archway of water [...]

POSTED ON December 11, 2000
Colonial customers to move to CBA

By the end of January 2001, Colonial Bank customers will be able to do their banking at Commonwealth Bank branches. CBA has announced plans to [...]

POSTED ON December 8, 2000
Banks will cooperate on fees says ACCC

According to the Australian Competition and Consumer Commission (ACCC), the major banks – who the ACCC have accused of fixing credit card interchange fees – [...]

POSTED ON November 28, 2000
Dial a pop star

Telstra has struck a deal with ARIA and record label, Transistor Music, to bring PhoneAway cards to the public. The new cards have been developed [...]

POSTED ON October 12, 2000
Happy about net and mobile services

A recent survey by the Australian Communications Authority (ACA) indicates that the majority of Australian consumers are satisfied with their mobile and internet services. Figures [...]

POSTED ON October 12, 2000
New stock exchange for Bendigo

Targeting the rural sector, the Bendigo Stock Exchange will open for share trading once funding is established. Six companies and around 12 brokers are needed [...]

POSTED ON October 12, 2000
Qantas serves up expired food

1,000 out-of-date Qantas meals were thrown out after staff refused to serve them. However, staff have claimed that meals that were either out-of-date or on [...]

POSTED ON October 11, 2000
GST refund mess

Delays in GST refunds may cause some businesses problems with their cash flow. According to tax advisers the ATO is yet to pay out GST [...]

POSTED ON September 28, 2000
Mortgage brokers moving in

The recent rise of mortgage brokers - intermediaries that offer loans from a variety of lenders instead of only one – has helped ANZ and [...]

POSTED ON September 28, 2000
NAB cracks down on credit fraud

Using software already in use in the US, the National Australia Bank is cracking down on credit card fraud saving $2 million in the last [...]

POSTED ON September 28, 2000
WAP banking still needs work

After Westpac launched its WAP service, the NAB and ANZ have completed trials for their WAP programs but are yet to officially launch them. The [...]

POSTED ON September 27, 2000