Media Room
The real cost of a repayment pause, and how to minimise the fallout
CBA’s announcement today that customers who take a six-month repayment pause will be refunded interest-on-interest charges during this time will help families struggling to make ends meet.
Fixed rates plunge to new record low of 2.09 per cent
Banks have launched a fixed home loan war, with ING set to offer the country’s lowest home loan rate at just 2.09 per cent, fixed for two years, available today.
Savings surprise: Why some term deposit rates are on the rise
Banks are lifting some of their term deposit rates, despite the emergency cash rate cut last week, in a small win for savers during the coronavirus crisis.
RateCity reveals the banks offering the best deposit rates for pensioners
RateCity welcomes the deeming rate changes, unveiled today by the government, designed to boost the pension of almost 1 million Australians.
ING slashing fixed rates to new market low of 2.49%
Australia’s fifth largest bank, ING, is cutting fixed rates to as low as 2.49 per cent on its 3-year fixed rate, effective tomorrow.
RBA UPDATE: Big banks lead the rate cut charge
Australia’s two biggest banks, CBA and Westpac, have committed to passing on the full 0.25 per cent rate cut to their variable customers on the back of today’s emergency cash rate cut by the RBA.
RBA fires off an emergency rate cut, Westpac passes it on in full
The RBA has been forced to make an emergency rate cut today, slashing official rates to a new record low of 0.50 per cent.
Big bank home loan war as ANZ slashes fixed rates to 2.68%
Australia’s fourth largest lender, ANZ, has today slashed its fixed rate home loans by up to 0.86 per cent.
CBA cuts fixed rates by up to 0.50%
Australia’s largest bank, CBA, has today cut fixed rate home loans by up to 0.50 per cent.
Christmas shoppers give credit cards a workout
Australians spent $25.1 billion on their credit cards in December 2019 – $1.3 billion more than the previous year, according to today’s RBA figures.