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Media Releases

Lenders watch out: more borrowers switch lenders

21st of May 2012

Biggest number of refinanced loans since April 2008. 2nd successive monthly record for refinancing as percentage of all loans. Lenders need to be more competitive if they want to keep their customers!

RateCity's Reserve Bank Rate Alert - May 1, 2012

27th of April 2012

Reserve Bank should drop official cash rate but lenders unlikely to pass on full rate cut. ANZ customers will have to wait some days for a rate decision. Advice to borrowers: focus on the rate, not the size of rate cut!

The great term deposit “rollover rort”

17th of April 2012

RateCity estimates Australian savers missing out on up to $4 billion by rolling over term deposits. Half of all term deposit rollovers end up with a lower interest rate.

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