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Sign of the times: CBA increases serviceability floor as property prices climb
Australia’s largest bank, CBA, is increasing its serviceability floor rate from 5.10 per cent to 5.25 per cent.
Bank fees fall, but Australians still fork out $3.56 billion
Australians forked out $3.56 billion in personal bank fees last financial year, new figures from the RBA show. This equates to around $364 per household in bank fees a year.
More news? Read more here
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RateCity in the media
Mortgage deferrals over, penalties back – 7 News
Fix your finances in 2021 - Ch9 news
CBA launches new BNPL platform - Seven news
RateCity is one of Australia's leading financial comparison sites
Since 2007, RateCity has pioneered financial comparison in Australia, with the single goal of helping you save time, money and stress and making smart financial decisions. We do this through our easy to use calculations, comparison tools, guides and information, product expertise and extensive market coverage.