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 [...]
The world economy is in totally uncharted territory. Last week central bankers from around the globe met in Jackson Hole, Wyoming, USA and tried to [...]
Sometimes, when you’re looking for the best credit cards on offer, you can get tied up with all the different types, perks, interest rates and [...]
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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 [...]
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 [...]
If you’re looking for car loans then you might prefer to find loans with lower interest rates than usual. It’s obvious why, as your monthly [...]
Does Australia need an interest rate cut? Vote YES or NO https://www.facebook.com/193785440635734/posts/2667190169961903/ Should monetary policy put “People before Profits” or “Poverty before Property Prices?” The [...]
The first lender in Australia to announce a retail home loan rate under three per cent is Greater Bank. The Newcastle based mutual bank has [...]
An excess is a contribution you are required to pay towards a claim you make on your car insurance policy. An insurer may have many [...]
Tough mortgage buffer rules under fire Get ahead of the game by catching up on the latest home loan news, check out our range of [...]
In the market for a new credit card? Find the best deal by comparing the special offers different banks and other financial institutions have on offer. We’re [...]
For the first time, borrowing to fund travel, cars and consumer goods is outstripping new spending on housing, according to the Reserve Bank. Australians are [...]
New York-based Goldman Sachs is poised to take a 50 per cent stake in JB Were for several hundred million dollars. Senior Goldman executives are [...]
The Commonwealth Bank has cut its five-year fixed-rate home loan rate by 0.2 per cent to 6.39 per cent, its lowest level in 10 years. [...]
B-Pay fraud has started again - criminals are using credit cards to circumvent recently-installed security safeguards. In Sydney over the past three weeks 12 people [...]
More than 14,000 home buyers switched their mortgages to other financial institutions in December 2002 to get lower interest rates, the Australian Bureau of Statistics [...]
The Australian Securities & Investments Commission has launched "Pie in the Sky" awards for the scams of the year. The top prize for 2002 goes [...]
How does the Qantas Frequent Flyer program work? As a Qantas Frequent Flyer member, you’ll earn points for every dollar you spend on eligible transactions, [...]
It feels like every week there's a new reason why we can't afford to enter the property market. But the truth is it's not your [...]
For most families, foregoing your full-time employment to follow your dreams isn't an option. You've got kids to feed, clothe and entertain, not to mention [...]
We develop our attitudes to money when we’re young. In fact, experts believe that by the age of seven, children have learned many of the [...]
Retirement doesn’t come cheap. If you’re hoping to maintain a comfortable standard of living long after ceasing work, it’s worth looking into investment options beyond [...]
Buying a new home or investment property is an exciting time, and there are many important things to consider. Finding the right home loan is [...]
Most of us have a transaction account that we use on a regular basis, but did you know that setting up a linked savings account [...]
There’s a lot to consider when comparing home loans. Should you choose a fixed interest loan or opt for a variable rate? Do you qualify [...]
On the 1 August 2014, all credit card users will be forced to enter a PIN to verify their identity when making a purchase. Signatures [...]
The prospect of the Reserve Bank raising interest rates has been pushed out to 2015.Leading groups report that standard variable rate loans are in strong [...]
Official interest rates are set to remain unchanged - at the record low of 2.5 per cent - for some time to come.HIA senior economist [...]
84 per cent of Australian savers use savings accounts, term deposits or high interest online savings accounts to keep their money safe and give them [...]
The number of Australian households with credit card debt has fallen dramatically over the past year, as people continue to focus on building savings and [...]
ING Direct said the proportion of new mortgage applicants applying for an offset account doubled from 20 per cent in 2011 to 40 per cent [...]
Average credit card cash advance fees went up 3.4 per cent last year. Average credit card cash advance fees are up 10 per cent over [...]
Consumers are paying up to $10 to withdraw cash from ATMs not owned by banks.A confidential industry survey of 27,000 cash machines found fees of [...]
More Australians are saving and paying off their debts and more than half say they are doing it so they can travel according to the [...]
Over the last 12 months, total credit and charge card balances grew from $49.62 billion to $49.99 billion but balances accruing interest fell from $35.35 [...]
The Reserve Bank has indicated that official interest rates will remain at 2.5 per cent for some time.In the minutes of its July board meeting [...]
The government’s Financial System Inquiry interim report says Australia’s banking market is relatively concentrated by international standards, with the level of concentration increasing since the [...]
Consumers are spending more on their credit and charge cards but, in general, Aussies are keeping their card debt in check.The Reserve Bank of Australia [...]
Coles has entered into a financial services joint venture with GE Capital. The business will start in July next year, subject to regulatory approvals, offering [...]
Reserve Bank of Australia figures show that ATM fees have been rising in recent years, while a number of other retail bank fees have been [...]
Aussie teenagers understand money and are among the most financially literate young people in the world according to a report from the Programme for International [...]
Loans and debts are driving fewer people into bankruptcy. Personal bankruptcies fell 25.1 per cent in the June quarter, compared with 2013 and are now [...]
Parents who want their children to learn good savings habits early on and want to open a kids saving account need to teach their kids [...]
Australians who are expecting a tax refund this year say they will use the money to pay down their loans and debts.21 per cent say [...]
ANZ said it will announce the outcome of its monthly interest rate review by the Friday following the Reserve Bank of Australia’s board meeting.ANZ did [...]
What makes mortgage borrowers want to refinance their mortgage or switch to a better mortgage deal with another lender?Research from NAB owned online lender UBank [...]
The governor of the Reserve bank of Australia, Glenn Stevens warned property investors not to get carried away as property markets grow and ensure they [...]
With the prospect of Reserve Bank rate rises now being pushed out to 2015, borrower demand for fixed rates has waned.Leading mortgage aggregation groups report [...]
The mortgage industry is poised for strong growth of about 10 per cent in 2014/2015.IBISWorld general manager Daniel Ruthven said demand for housing would remain [...]
The Reserve bank of Australia decided yesterday to leave official interest rates on hold for July at 2.5 per cent.The RBA has now held rates [...]
The mortgage market is growing strongly according to the latest Reserve Bank financial aggregates. Mortgage balances grew by 0.5 per cent in May, compared with [...]
Be money smart by going over your bank statements and checking what fees you’re being charged. You may need to change your banking habits or [...]
Home buyers can save big dollars by carefully comparing the fees charged by lenders on their home loan.The top 16 banks earned a total of [...]
Research commissioned by Slater & Gordon Conveyancing Works has found that more than one third of 18-24 year olds and just under a quarter of [...]
Rates on savings accounts and term deposits have fallen since the Reserve Bank of Australia began cutting the official cash rate in 2011.However, savers can [...]
The end of the financial year is not just a time for checking on your tax and super. Experts say right now is when you [...]
Australian bank fee income grew by 2.6 per cent in 2013 to $11.6 billion, reflecting "moderate growth" in income from fees charged to both businesses [...]
Chair of the New Payments Platform (NPP) steering committee, Paul Lahiff, says that by the end of 2016 businesses and consumers will be able to [...]
The Reserve Bank of Australia says interest rates will remain at record lows for the foreseeable future. The RBA board agreed that the current 2.5 [...]
Commownealth Bank customers seem to like the new Cardless Cash service on the CommBank app.“We have seen over 40,000 transactions since Cardless Cash was made [...]
Risk-averse savers have to shop around even harder to get good returns on their savings as banks get flooded with easy money.That trend is likely [...]
Savers are getting slugged with low interest rates because cheap foreign money is allowing banks to cut term deposit rates.The Reserve Bank of Australia is [...]
The value of investment housing commitments increased by 0.5 per cent in April and has been increasing for the last three years according to the [...]
Over the past couple of months the number of credit and charge card accounts has fallen 1.4 per cent from 15.6 million to 15.4 million [...]
Cash is used in 47 per cent of transactions, down from almost 70 per cent in 2007, according to the Reserve Bank. Debit and credit [...]
Lower interest rates on term deposits has not led to a big flight out of term deposits to other investments. While a small number of [...]
Low European interest rates are allowing Australian banks to borrow funds cheaply at the moment.Experts say banks will either add to their profit margins or [...]
Westpac customers can get emergency cash from an ATM without their card. العب الان مجانا By calling the Westpac 24/7 call centre the customer is [...]
The federal government has seized $360 million from dormant bank accounts.An account that has been left alone for just three years can be seized by [...]
People with self-managed superannuation funds still prefer cash and term deposit holdings, despite low rates.The Australian Taxation Office reports that the number of people in [...]
Commonwealth Bank has a deposit guarantee service that aims to be a convenient and cost effective alternative to a cash deposit.If your money is tied [...]
The importance of cash is declining, according to research from the Reserve Bank of Australia.Australian adult consumers make an average of 13 payments per week. [...]
Recent research from RFi’s Alex Boorman suggests that young adults under the age of 35 are the most likely to switch between banks.“Their financial needs [...]
Variable rates have grown in popularity, compared with fixed rate mortgage deals.One large mortgage aggregator reported yesterday that 74.13 per cent of volume in May [...]
The Reserve Bank of Australia kept official interest rates unchanged yesterday at 2.5 per cent and announced that this might be the status quo well [...]
Over the last six years term deposits have been more popular with investors than ever before.Term deposits deliver good rates of return to savers, in [...]
A growing number of bank customers are applying for transaction accounts online rather than in branches, according to RFi.The researcher said almost one in three [...]
Leading economists and money experts are expecting the Reserve Bank of Australia to leave the cash rate unchanged in June at 2.5 per cent.Most economists [...]
Investors continue to dominate the mortgage market.According to the latest Reserve Bank figures, loans to residential property investors were up 8.2 per cent over the [...]
The South Australian government is changing its first home owner grant scheme, so that the grant will no longer be available for buyers of established [...]
Australians currently owe about $50 billion (collectively) on almost 16 million credit card accounts. About $35 billion of that debt is accruing interest.Many credit cardholders [...]
Housing affordability is the best it’s been since 2002 thanks to low interest rates, high incomes and easing home price rises according to the Housing [...]
Australians have embraced the use of PayWave and Tap N Go contactless payments at one of the fastest rates in the world.Strategic relations firm RFi's [...]
Credit card rewards programs are popular but you need to crunch the numbers to see if they stack up.Rewards programs can be really worthwhile for [...]
Reserve Bank of Australia statistics show that Aussies owe $49.7 billion collectively on credit cards and about $34.7 billion is accruing interest.There are plenty of [...]
A credit card war is breaking out in the Australian market and consumers who shop around for the best deals are the winners.The average interest-free [...]
ANZ appears to be pushing harder than any of the other big four banks to encourage customers to use electronic services for transactions and to [...]
The minutes of the May board meeting of the Reserve Bank of Australia indicates that interest rates are likely to remain unchanged at 2.5 per [...]
From the 1st of August 2014, signatures will no longer be accepted for purchases made in person on all credit and debit cards issued in [...]
Many savings accounts and term deposits are losing people money because they don’t deliver more interest than the current inflation rate.However, there are a handful [...]
Growth in the number of investment property loans has outpaced growth in owner-occupier loans for the past four years according to Roy Morgan Research.1.3 million [...]
Many people live on their credit cards and pay them off in full each month, banking the rewards points and other benefits, while others pay [...]
Consumers are happiest when dealing with their banks online and least happy when they get a computerised voice response on the telephone.Roy Morgan Research asked [...]
Researcher RFi reported that the proportion of consumers who knew that they had a contactless payment card increased from 46 per cent to 66 per [...]
The Australian Taxation Office has clarified transitional arrangements for existing account holders of the now dismantled First Home Saver Account Scheme.Government co-contributions to existing accounts [...]
The Reserve Bank forecasts interest rates will be very low for some time. That means now is great time to break the back of your [...]
Figures released from the Reserve Bank show that the average credit card balance fell by $38.20 (1.2 per cent) to $3,168.00 in March.The average credit [...]
The Australian government is abolishing the first home saver account scheme, citing lower than forecast take-up rates. New accounts opened from Budget night will not [...]
ING Direct's wants to become the primary bank for more of its customers. For most of its history in Australia the bank has relied on [...]
“Things worth having are worth saving for.” This is the advice that author Matthew Reilly received from his mother and he still uses it today.Children [...]