Too hot to handle: CBA dumps its cashback as home loan competition caps out

Australia’s largest bank, CBA, has today announced it’s discontinuing its $2,000 cashback offer from 1 June, in a further sign competition in the mortgage market is becoming too hot to handle.

$8.6 million a day: credit card debt drops but Australians still forking out millions

Credit card debt accruing interest has dropped for the first time in six months, however, at $17.73 billion, the total bill is causing havoc on many Australians’ finances.

CBA announces RBA hikes – how the big four now stack up

CBA is the last of the big four banks to announce it will be passing on the 0.25 percentage point RBA hike to its variable mortgage customers, effective 12 May.

Westpac and ANZ announce RBA hikes: what it means for homeowners and savers

Westpac and ANZ have today announced they will pass on Tuesday’s 0.25 percentage point RBA hike to mortgage customers. Both banks have also announced increases for select savings customers, but not all.

NAB the first bank off the blocks to announce RBA hikes

NAB is the first big bank to announce it will pass on Tuesday’s 0.25 percentage point RBA hike to both mortgage and savings customers.

ANZ the next big bank to hike variable and cut 3-year fixed rates

ANZ has today increased the rates on its basic variable home loan by up to 0.10 percentage points, but only for new customers.

ING frustrates customers by watering down its Orange Everyday travel benefits

Australian travellers with the popular ING Orange Everyday account will no longer receive a refund on fees charged by overseas ATM providers from 1 August.

CBA hikes variable rates again but cuts select 3-year fixed rates

CBA has today increased the rates on its package variable home loan, which includes an offset account, by up to 0.12 percentage points but only for new customers.

Westpac joins big four rivals in hiking new customer variable rates

Westpac has today increased the rate on its basic mortgage by 0.10 percentage points for owner-occupiers and investors – but only for new customers.

Cracking under pressure: Australians turn to plastic under weight of RBA hikes

Australia’s total credit card debt has risen for the fifth month in a row, in a worrying sign some families are turning to the plastic to make ends meet.