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Media Releases

Borrowers likely to be hit with rate rise

5th of May 2010

Reserve Bank increased cash rate by 25 basis points to 4.25%. Benchmark standard variable rate to reach 7.38% this week. Plenty of competition in the market to compare and get a better deal.

More can be done to help savers.

28th of April 2010

Henry Tax Review expected to provide tax incentives for savers. Incentives for saving money is long overdue according to RateCity. Financial Institutions can do more to help savers!<br>

Savers are the big winners

12th of April 2010

Online savings accounts are up to 1.70% above cash rate. Average term deposits increasing higher than cash rate hikes.

Cash rate rise will likely hit all mortgages

6th of April 2010

Some lenders have begun lifting mortgage rates this month before today&rsquo;s rate rise. Borrowers paying higher margin over RBA cash rate than 2-year average.

Fixed home loans market fallen

1st of April 2010

Fixed loans drop by 70 percent since June. Lenders loss in profit share on fixed loans. More Australians choosing flexible options.

Government guarantee ends

31st of March 2010

Last day for government guarantee on wholesale funding. Borrowers warned not to panic over comparing lenders. Deposit guarantee continues, and very attractive rates are available!

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