Many savings accounts offer higher rates than pensioner deeming accounts. Despite rate drops to 69 savings accounts this month. Pensioners should take advantage of high savings account rates!
RateCity comparison: retirees could be missing out on thousands of dollars every year!
Banks rake in $4.33 billion in avoidable fees
Australians forked out $4.33 billion in bank fees last year; cash that they could be keeping in their own pockets.
RBA set to continue rate holding pattern
The cash rate is set to hold at 1.50 per cent when the Reserve Bank Board meets on Tuesday, despite a volatile Australian dollar, sluggish mining transition and mounting global pressures to cut.
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.
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.