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.

“This bushfire season is having a devastating impact on the wellbeing and livelihoods of families, customers and communities,” said ANZ’s Michelle Jablko.

“In releasing this package, we hope to play a role in supporting firefighting efforts as well as the economic recovery and financial wellbeing for those affected, including our customers.”

Impacted ANZ customers are encouraged to visit their local ANZ branch or contact ANZ to discuss their personal or business circumstances.

ANZ Bank customer helpline information

ANZ Bank has announced an assistance package for bushfire affected communities and has encouraged customers who have been impacted by the fires to contact their branch or call the helpline.

ANZ Bank customer helpline: 1800 149 549 (Monday – Friday 9am to 7pm, Saturday 9am to 4pm AEDT).

ANZ Bank business customer helpline: Call your relationship manager or 800 149 549.

ANZ Insurance customer helpline: 13 16 14

ANZ Bank supports bushfire victims

ANZ Bank has announced support for customers affected by bushfires anywhere in Australia. ANZ Bank can support customers by:

Suspending repayments on loans and credit cards for up to three months which may include interest capitalisation.

Temporary interest rate relief for customers experiencing extreme financial distress.

Waiving of fees associated with restructuring business loans.

Access to term deposits early without fees.

ANZ Home and Contents insurance customers may be eligible for emergency funds and temporary accommodation.

ANZ Bank bushfire assistance package

ANZ Bank have pledged an initial package of $1 million to support customers and communities affected by bushfires. The package complements ANZ’s financial assistance and support for customers and includes:

  • $300,000 donation to volunteer fire services in New South Wales, Victoria and South Australia.
  • $500,000 allocated to support local community services as well as home loan customers who have lost their homes to bushfires.
  • A contribution to Tennis Australia’s ‘Aces for Bushfire Relief’ initiative running throughout the Australian Open.
  • ANZ’s insurance partner QBE will prioritise claims and offer emergency payments and temporary accommodation.

Bank Australia launches rate discount for green homes

Bank Australia has launched the Clean Energy Home Loan which provides a 0.4 per cent pa rate discount for up to five years for customers who ‘go green.’

Customers who buy or build a home with a minimum 7-star rating under the Nationwide House Energy Rating Scheme (NatHERS) can get the loan discount.

The Bank Australia Clean Energy Home Loan rate discount is available on the Bank Australia Premium Package Home Loan on loan amounts under $1.5m.

Bank Australia Managing Director Damien Walsh said he was proud to reward people who make their homes more sustainable.

Bank Australia plans to extend green rate discount to improvements for existing dwellings as well.

The best credit cards for QFF points in January 2020

Right now, banks and other credit card issuers are competing hard to win new customers. Credit cards have some amazing QFF points deals on offer in January 2020. Some of the top deals available on InfoChoice now include the Qantas American Express Ultimate credit card which is currently promoting a 55,000 bonus Qantas Points giveaway.

Read more about great QFF linked credit cards at InfoChoice.

Judo Bank changes term deposit rates

Online bank Judo Bank is the market leader in term deposits in January 2020. Judo Bank has adjusted some of its rates but remains the clear leader in the key term deposit markets of 6-month and 12-month terms, among banks listed on InfoChoice.

Judo Bank’s new rates are:

Judo Bank term deposit rates are currently among the highest term deposit rates in Australia listed on InfoChoice. Read more about top term deposit rates at InfoChoice.

F.I.R.E. movement explained

The Financial Independence, Retire Early (F.I.R.E.) movement is based on a 1992 book by former Wall Street analyst Joe Dominguez and actor Vicki Robin called “Your Money or Your Life.”

F.I.R.E. Movement advocates live extremely frugally and save up to 70 per cent of their income, invest it wisely and aim to have enough to retire modestly by the time they reach their mid-30s.

There are nine steps to retiring early according to FIRE Movements advocates. Read more about Financial Independence, Retire Early at InfoChoice.

FAST small business loans now available online

Business loans are getting easier to apply for and more accessible for small business owners.

You can get fast approval and same day funding on an unsecured business loan through multiple lenders now listed on InfoChoice.

For example, Lumi has small business loans with same day funding (terms and conditions apply) on loans from $5,000 to $200,000.

Get Capital’s Everyday Business Loans has a convenient online application process and approval within 24 hours.

Read more about fast unsecured business loans now.

Sydney, Melbourne property prices bounce back

Property prices will rise in 2020 according to many experts.

AMP Capital chief economist Shane Oliver said Melbourne and Sydney prices could hit new record highs in early 2020.

“We thought the boom was over but maybe it is just the beginning,” said auctioneer Damien Cooley.

The inner areas of Sydney and Melbourne are experiencing particularly strong price growth. Read more about the property market outlook in Australia for 2020 at InfoChoice.

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