A warning to people accessing $10,000 of their super this Christmas

With just 10 days left for Australians to withdraw $10,000 in the Early Release Super Scheme, some families will be reassessing whether they need to access this cash over Christmas.

CBA sneaks through a second savings cut before Christmas

The country’s largest bank, CBA, has today shaved its popular savings accounts for the second time in a month.

50 lenders offering home loans for less than $50 a day

There are 50 lenders now offering a total of 126 home loan under 2 per cent. That’s 40 per cent of the 124 lenders on the RateCity.com.au database with at least one home loan rate starting with a ‘1’.

Dropping like flies: NAB joins growing list of banks cutting savings rates

Australia’s third largest bank, NAB, has today cut rates on a range of savings, retirement and term deposit accounts.

Buy now, pay later customers skipping meals and essential bills to make payments

Some Australians are skipping meals, household bills and mortgage repayments as a result of overspending using buy now, pay later platforms, according to a ASIC.

31 lenders offering home loan rates under 2 per cent

A record 31 lenders are offering, or set to offer, at least one mortgage rate under 2 per cent – almost triple the number before last week’s RBA cut last week.

Banks keep cutting new customer rates - but will they pass on an RBA one?

A total of 30 lenders have cut new customer rates this month ahead of Tuesday’s RBA meeting but only for new customers or those willing to fix.

Cashback home loans soar since COVID-19 – but are they worth it?

There are now 29 lenders offering cashback deals of up to $4,000 for the average homeowner looking to refinance their mortgage – a new record.

Westpac lowers serviceability floor to accommodate for low rates

Australia’s second largest bank, Westpac, has taken action to help some people borrow more from the bank and its subsidiaries.

No RBA cut but home-owners can save three times more by refinancing

The Reserve Bank has left the cash rate on hold today at 0.25 per cent but has left the door open to a future cut.