Laine Gordon
Money Editor
Laine Gordon is the Money Editor at RateCity and an experienced journalist and research specialist. With a background in news and feature writing, covering finance, media and even food (a passion of hers) at Reed Elsevier publications, Laine brings almost two decades of experience to the team. Having covered major areas of interest to the general public from hip pocket issues to rising and falling interest rates and the impact to mortgages, credit and saving in Australia, she is passionate about researching and telling people’s stories to help others make better decisions about their own finances.
968 articles written by Laine Gordon
Credit card purchases climb despite cash rate hikes
Australians made almost $25 billion worth of purchases on their credit cards in May, despite the growing cost of living pressures and rising interest rates.
Laine Gordon -
08 Jul, 2022 -
2 min read
ING increases savings rate to 2.60% as banks finally deliver for savers
ING has today announced it will be increasing the interest rate on its Savings Maximiser to 2.60 per cent – the new highest ongoing savings rate in the market for all adults, effective 12 July.
Laine Gordon -
07 Jul, 2022 -
3 min read
Westpac the last big 4 bank to hike: see how mortgage rates now stack up
Westpac is the last big four bank to announce it is passing on the full RBA hike to variable rate mortgage customers.
Laine Gordon -
06 Jul, 2022 -
4 min read
RBA likely to hike by 0.50% but how much will the banks pass onto savers?
The Reserve Bank is expected to hike the cash rate by 0.50 percentage points today, but banks are unlikely to pass on this rate hike in full to every customer.
Laine Gordon -
05 Jul, 2022 -
4 min read
Australia stares down the barrel of another double RBA hike tomorrow
The RBA is set to hike the cash rate tomorrow, either by 0.25 or 0.50 percentage points, as the Board moves to curb inflation.
Laine Gordon -
04 Jul, 2022 -
5 min read
Westpac and NAB finally lift savings rates post June RBA hike
Westpac has today hiked rates on a handful of its savings accounts, following the historic double rate hike from the RBA at the beginning of this month.
Laine Gordon -
24 Jun, 2022 -
5 min read
ANZ and Westpac lift fixed rates while the RBA eyes off another double cash rate hike
Australia’s fourth largest lender, ANZ, has today hiked fixed rates by up to 0.90 percentage points. This comes a day after Westpac hiked fixed rates by 0.50 percentage points for customers looking to lock in their rate.
Laine Gordon -
22 Jun, 2022 -
6 min read
Fixed-rate mortgage cliff: how high will repayments jump for millions of borrowers?
Currently around 38% borrowers are locked into an ultra-low fixed-rate mortgage, however, their rates could more than double when their fixed terms expire.
Laine Gordon -
16 Jun, 2022 -
7 min read
Buyers borrowing power shrinks as banks hike rates
Rapidly rising interest rates could see the average family’s maximum borrowing capacity shrink by over $160,000 by April next year, if cash rate forecasts are realised.
Laine Gordon -
09 Jun, 2022 -
5 min read
Finally, a whiff of competition: Macquarie, ING up the ante on savings rates
Macquarie and ING have today announced major increases to the interest rates on their transaction and savings accounts respectively.
Laine Gordon -
09 Jun, 2022 -
4 min read