Laine Gordon is the Head of Public Relations at RateCity. With a background in journalism, Laine brings over a decade of experience in personal finance to the team. She is passionate about helping people get out of debt, save money, and make better decisions about their own finances.
1200 articles written by Laine Gordon
Do you know your rate? Half of borrowers don’t
Following today’s decision by the RBA to leave the cash rate on hold at 0.1 per cent, new research from RateCity.com.au shows almost half of all borrowers are in the dark about their rate.
Beware of the debt hangover this Black Friday
Australians are set to log on in record numbers to the Black Friday and Cyber Monday sales. But while retailers are promising customers big savings, RateCity.com.au is warning shoppers not to get carried away.
ANZ the second big bank to cut savings post RBA
ANZ has today cut rates on its popular savings, term deposit and pensioner accounts by up to 0.20 per cent.
CBA slashes savings rates on the back of the RBA cut
The Commonwealth Bank has today cut rates on its popular savings, retirement and term deposit accounts, following last week’s cash rate cut.
CBA lowers serviceability floor to accommodate lower rates
Australia’s largest bank, CBA, has announced it is reducing its serviceability floor rate from 5.40 per cent to 5.10 per cent, a move that will help some people borrow more from the bank. The change is effective Saturday 14 November.
ING and ME Bank slash savings rates - a sign of what’s to come
Savings rates are starting to feel the squeeze following last week’s RBA cut, with ING and ME Bank dropping rates by the full 0.15 per cent on their popular savings accounts today.
The state of play post-RBA
None of the big four banks have committed to passing on Tuesday’s RBA rate cut to their variable customers, leaving millions of mortgage holders out in the cold.
Westpac mirrors CBA with no cut for variable rate customers
Australia’s second biggest bank has followed CBA, announcing it will not be passing on the rate cut to its existing variable rate customers, opting to cut fixed rates instead.
CBA turns its back on variable rate customers as they opt to slice fixed rates instead
Australia’s biggest bank has today announced it will not be passing on the rate cut to its existing variable rate customers, opting to cut fixed rates instead.
RBA cuts rates to 0.10%, extends QE
The RBA has made the historic decision to cut the cash rate by 0.15 per cent today, slashing official rates to 0.10 per cent.