ANZ increases interest rates on all credit cards

Australia’s fourth largest bank, ANZ, has today increased interest rates across all credit cards.

RBA holds cash rate again - when will we see cuts?

The Reserve Bank has again left the cash rate at 4.10 per cent, announcing today a pause for the third meeting in a row and a fourth time this year.

Drop in CPI all but rules out rate hike on Tuesday

Australia’s annual inflation rate has clocked in at 4.9 per cent for July, down from 5.4 per cent for the previous month, all but ruling out a rate hike next Tuesday.

NAB hikes lowest variable rate for new customers again

NAB has today increased the rate of its basic variable mortgage by 0.15 percentage points for new customers with big deposits.

CBA credit card changes – what to look for if you’re turning to the plastic

Australia’s largest bank, CBA, has today increased the fees and rates on select credit cards.

Fuss-free savings accounts finally hit 5%

Savings rates with no monthly terms and conditions have hit a new highest ongoing rate of 5 per cent, with the launch of Unity Bank’s new MoneyMAX account.

ANZ halves the sweetener in the bank’s first step out of the cashback game

ANZ, the only big four bank still offering a cashback deal to refinancers, has announced it will be halving its offer from 26 August 2023.

CBA hikes variable rates but bucks trend and cuts fixed

Australia’s biggest home loan lender, CBA, has today increased select new customer variable rates, and cut 1- and 3-year fixed rates.

Credit card debt drops but still costing Australians $8.6 million a day

Australia’s total credit card bill attracting interest charges has dropped for the second time in nine months to a total of $17.73 billion.

Three of the big four banks believe the cash rate has peaked

Three of the big banks, CBA, Westpac and ANZ, believe the cash rate has already peaked at 4.10 per cent, with only NAB expecting one more hike later this year.