RateCity warns be aware of savings account conditions. Online savings accounts offer high rates and flexibility, but have conditions and variable rates. Some savers may better suite to term deposits.
Online savings accounts: what goes up can come down
Savings rates heat up despite cash rate freeze
Competition in the savings space is heating up, new research from Australia's leading financial comparison site, RateCity (www.ratecity.com.au), shows.
Borrowers $600 better off over the course of 2013
Despite no movement to the cash rate today, variable borrowers with a typical $300,000 home loan would be around $600 better off by the end of the year based on the previous two rate cuts in May and August 2013.
Rates to hold at 1.5 per cent until 2017
The cash rate is set to hold at 1.50 per cent at Tuesday’s Reserve Bank meeting, with the Board likely to sit on its hands until the August cut has had a chance to flow through the economy.
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.