What are the different types of interest?

Depending on the financial product, you could be paid or charged either simple interest or compound interest. Ask your bank about how interest is calculated on your accounts.

What is the sole purpose test for an SMSF?

The Sole Purpose Test is designed to ensure that each action undertaken by a self-managed superannuation fund (SMSF) is for the sole purpose of providing retirement benefits to the trustees.

How to use & redeem Velocity Frequent Flyer points

A brief overview of how you can redeem your Virgin Velocity Frequent Flyer points for flights, travel, wine or retail. Plus, there's no joining fee for becoming a member of the Velocity Frequent Flyer program. 

If crypto is digital, how are cryptocurrencies “mined”?

Cryptocurrencies (often shortened to crypto) are, simply put, digital money. They are generated or “mined” through blockchain technology. It is not the same as mining ore but involves powerful computers trying to solve complicated problems.

What are dapps?

Decentralised applications (also known as dapps) are at the heart of many technologies. While they have been used before to run online multiplayer games, more recently the concept of dapps has been applied in blockchains and cryptocurrencies such as Bitcoin. 

What are some alternatives to buying a car?

If you’re looking for some alternatives to buying a car, your options include carpooling, car subscriptions, ride-sharing, public transport, and more. Find out more about these options.

What you need to know about NBN evening speed

NBN evening speed refers to a period (generally at night, typically between 7pm and 11pm) when the internet tends to slow down because of increased traffic—i.e. everyone hopping online at once to surf the web or stream their favourite shows.

Which credit report is used for home loans?

When reviewing your home loan application, lenders may request your credit report from one of three credit reporting bureaus, but only with your permission.

Should I invest in buy now, pay later companies?

The Australian buy now, pay later (BNPL) market is attracting international attention and becoming highly competitive, but it may still be a good investment.

Pros and cons of the Buy Now, Pay Later for businesses

A buy now, pay later service could potentially help boost sales for retailers and B2B suppliers, but there are costs to pay. Discover more about buy now, pay later platforms for your business.