Leaving your cash in a low interest account could cost you hundreds of dollars per year. Australians earning the average income need to earn at least 3.2% interest to stay ahead of inflation. Savers urged to keep a close eye on savings account rates this year.
Don't let your savings dwindle: too many Aussies leave their money in low interest accounts
Financial inequity extends beyond the workforce: research
Not only do women earn substantially less than men – 17.7 per cent less, on average – but new research reveals that a financial disparity between genders extends beyond the workforce into household finances.
Savers bear the brunt of rate cut
Almost a dozen providers have slashed interest rates on savings accounts, with some handing down cuts that exceed last week’s RBA cash rate cut, new research from RateCity.com.au shows.
Cash rate holds at 1.5%, yet mortgage stress on the rise
The RBA has left the cash rate on hold at the historical low of 1.5 per cent today. Yet, new research shows that the financial pressures of paying off a home loan are increasing.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.