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
Trending Financial News 1 November

Active borrowers get rewarded with bigger rate cuts Borrowers have given themselves an extra 0.05 percentage points in home loan rate cuts by comparing rates [...]

POSTED ON November 1, 2019
Trending Financial News 31 October

Dollarmites in trouble again Consumer lobby group CHOICE has revealed an investigation into Commonwealth Bank’s school banking program Dollarmites found the bank is marketing the [...]

POSTED ON October 31, 2019
Trending Financial News 30 October

Neobank 86 400 opens with $10 cashback 86 400 is a neobank, a completely online bank based on a mobile phone app. 86 400 is [...]

POSTED ON October 30, 2019
Trending Financial News 29 October

First Home Buyer Deposit Scheme caps announced The Morrison government’s First Home Buyer Deposit Scheme will start on 1 January 2020. The scheme will guarantee [...]

POSTED ON October 29, 2019
Trending Financial News 28 October

Pension Loans Scheme rates under review Treasurer Josh Frydenberg has announced a review of the interest rates charged by Centrelink’s Pension Loans Scheme. The current [...]

POSTED ON October 28, 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 23 October

Westpac Group raises LVRs for investor lending The Westpac Group has raised the maximum loan to valuation ratio allowed in interest-only investor home loans from [...]

POSTED ON October 23, 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
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
Trending Financial News 11 October

Millions of Aussies are switching banks 2.8 million Australians switched to new banks or financial providers for their home loans, credit cards and transaction accounts in the [...]

POSTED ON October 11, 2019
Trending Financial News 10 October

CommBank cuts fixed rates under 3% From today, Commonwealth Bank’s advertised 2 and 3 year (OO, P&I) fixed rates in the “Wealth Package” have been [...]

POSTED ON October 10, 2019
Trending Financial News 9 October

ANZ to pay more compo to customers ANZ Bank will pay remediation costs of $559 million to customers who have been charged fees wrongly on [...]

POSTED ON October 9, 2019
Trending Financial News 7 October

More lenders cut home loan rates More lenders are announcing rate cuts following the RBA’s October rate cut of 0.25 percentage points on Tuesday. P&N [...]

POSTED ON October 7, 2019
Trending Financial News 4 October

Government tells borrowers – vote with your feet The treasurer Josh Frydenberg has again slammed banks for not passing on the full amount of the [...]

POSTED ON October 4, 2019
Trending Financial News 3 October

Scott Morrison says banks are ‘profiteering’ The Prime Minister Scott Morrison has slammed the big four banks for not passing on the RBA’s October rate [...]

POSTED ON October 3, 2019
Trending Financial News 1 October

Sydney property prices are rising – at last After two years of falling home values, Sydney house prices are now rising again as buyer activity [...]

POSTED ON October 1, 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
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
Trending Financial News 19 September 2019

What are the odds of winning Powerball? The Powerball jackpot this week is the biggest in Australian history at $150 million and one in three [...]

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

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 [...]

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 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 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 13 August

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 [...]

POSTED ON August 13, 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
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 5 August

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 [...]

POSTED ON August 5, 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 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
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 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 18 June

NAB loan customers can join class action for compo Law firm Slater & Gordon is running a class legal action claiming that National Australia Bank [...]

POSTED ON June 18, 2019
Trending News 17 June

ING cuts savings rates by 0.25% ING has joined Commonwealth Bank, National Australia Bank and Suncorp in cutting at-call savings account interest rates. ING is [...]

POSTED ON June 17, 2019
Trending News 14 June

WARNING: Cardless Cash scam offers $500 Commonwealth Bank is warning its customers about scam SMS text messages offering $500 and featuring a link that takes [...]

POSTED ON June 14, 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