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.
65 articles written by Laine Gordon
The 5-minute move that could boost savings by up to $1,968 in a year
Australians with money in the bank are finally starting to see some decent rates on their deposits after seven RBA hikes. However, not all savers are being treated equally as banks pick and choose which accounts to reward with higher rates.
Laine Gordon -
09 Nov, 2022 -
6 min read
Credit card debt continues to defy RBA hikes
Credit card debt from Australian households attracting interest charges has fallen for the third month in a row, defying the RBA rate hikes.
Laine Gordon -
07 Nov, 2022 -
4 min read
New highest savings rate hits 4.30%
The highest ongoing savings rate has now hit 4.30 per cent, and it is available for all adults. ING has announced today it will hike its popular Savings Maximiser account by 0.25 percentage points to 4.30 per cent from next Tuesday, for balances up to $100,000.
Laine Gordon -
03 Nov, 2022 -
3 min read
CBA rewards savers as the bank announces its RBA response
Australia’s biggest bank, CBA, has followed NAB, by announcing it will pass on yesterday’s 0.25 percentage point RBA hike in full to its variable mortgage customers. Unlike NAB, CBA has also revealed what it will do for its savings customers, announcing rate hikes for each of its key savings accounts, in most cases by more than the 0.25 percentage point hike.
Laine Gordon -
02 Nov, 2022 -
3 min read
Tide is turning for credit card spending
Australians spent almost $25 billion on credit card purchases in June, despite rising cost of living pressures. However, the tide appears to be turning.
Laine Gordon -
08 Aug, 2022 -
4 min read
NAB hikes variable mortgages and main savings accounts
Australia’s third largest lender, NAB, has announced it is passing on the full RBA hike to variable mortgages and its main savings accounts.
Laine Gordon -
04 Aug, 2022 -
4 min read
Westpac hikes variable mortgages and all key savings accounts
Westpac has today announced it will hike variable rate mortgages by 0.50 percentage points for new and existing customers.
Laine Gordon -
04 Aug, 2022 -
3 min read
Complacent savers lose out, despite rate hikes
Complacent savers are potentially missing out on hundreds of dollars in interest, as the gap widens between some of the highest and lowest savings rates on the back of the RBA hikes.
Laine Gordon -
01 Aug, 2022 -
5 min read
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