Bank Accounts News

Could negative inflation keep rates on hold?

The Australian Bureau of Statistics (ABS) has recorded the largest fall in Australia’s Consumer Price Index (CPI) in its 72-year history, indicating that it may be some time before we start seeing interest rates rise.

Mark BristowJul 29, 2020( 3 min read )

The great divide – how COVID is hurting some families and helping others

When it comes to the financial impacts of COVID-19, there are two narratives emerging amongst Australians: those who are being hurt by COVID-19, and those being helped.

Alex RitchieJul 23, 2020( 7 min read )

Childcare fees are back – tips to keep costs down

After more than three months of not paying a cent for childcare, thanks to relief offered by the Australian government in response to the COVID-19 pandemic, families will start paying fees again this week.

Alex RitchieJul 15, 2020( 4 min read )

Bank accounts offering you cash back in July 2020

Everyone loves getting something for nothing, and there are a range of Aussie banks offering cashback rewards for new customers who join this month, up to $100.

Alex RitchieJul 3, 2020( 3 min read )

What is Open Banking and what does it mean to me?

One of the first events of the new financial year is the launch of Open Banking, which promises to make it much easier to compare financial offers and switch banks. But what is Open Banking, and does it live up to the hype?

Mark BristowJul 1, 2020( 5 min read )

Give your transaction account a financial health check

It can be easy to overlook the importance of having the right transaction account, but this new financial year is the perfect time to give the place you store your money a financial health check.

Alex RitchieJun 30, 2020( 4 min read )

Australian households experience largest wealth decrease in nine years – how to check your own finances

Do you feel like you’re in a tighter financial spot than you were at the start of this year? You’re not alone. New figures from the Australian Bureau of Statistics (ABS) show that in the March quarter 2020, Australia experienced its largest decrease in average household wealth since the September quarter 2011. With this in mind, it could be good to conduct your own financial health check before the end of the financial year.

Mark BristowJun 26, 2020( 4 min read )

Bank fees fall, but Australians still fork out $3.92 billion

Australians forked out $3.92 billion in bank fees last year, new figures from the RBA show. This equates to around $406 per household in bank fees a year.

Laine GordonJun 18, 2020( 4 min read )

Australia in recession – how to secure your finances

Australia is now in a recession, confirmed Treasurer Josh Frydenberg today, a result of the impacts of the COVID-19 pandemic and the catastrophic summer bushfire season.

Alex RitchieJun 3, 2020( 6 min read )

86 400 chips in to pay customer bills

Neobank 86 400 is offering to pay the bills of nearly 2000 customers over the coming months.

Mark BristowMay 29, 2020( 3 min read )

How to protect your personal finances from coronavirus

The global coronavirus pandemic is affecting every aspect of Australian life. Schools are closing, office employees are working from home, and supermarkets are struggling to keep up with demand for essentials. As well as affecting your health, COVID-19 could also affect your finances. Here are a few things you could do to help protect yourself, your loved ones, and your money.

Mark BristowMar 13, 2020( 6 min read )

NAB app to offer gambling block

In an Australian first, NAB his rolled out an option to block gambling transactions on its Visa Debit and Visa Credit cards via its apps, to help Australians better manage their personal finances.

Mark BristowFeb 24, 2020( 2 min read )

86 400 to help customers get better energy deals

Smart bank 86 400 is offering to help its customers find a better deal on their household’s electricity, thanks to a new energy plan assessment service.

Mark BristowJan 19, 2020( 2 min read )

Fix your finances in 2020 and save over $3,000

Start the new year with more money in your pocket by making four simple changes to your finances – it may save you around $3,000 in 2020.

Alex RitchieJan 17, 2020( 5 min read )

The banks driving sustainable finance in 2020

Banks and other financial services are working together in 2020 to promote sustainable finance, responsible banking, and to support greater social, environmental and economic outcomes in Australia.