Westpac hikes variable mortgages and some savings rates post RBA

Westpac will raise some savings rates as well as variable mortgages following the September RBA rate hike.

CBA’s surprise RBA move – some savers to see rates rise by 0.60%

Australia’s largest bank has announced it is passing on 0.60% point rate increases onto its popular GoalSaver and Youthsaver accounts.

Savers left out in the cold as NAB & ANZ finally announce home loan hikes

Neither NAB or ANZ have so far announced any savings rate changes, despite raising customer's home loan rates by 0.50 percentage points next week.

Credit card debt drops by $308 million in a month

Australians gave their credit cards a much-needed break in July, with the total debt and value of transactions both dropping from the previous month.

RBA strikes again: average mortgage rate to rise above 5%

The average variable rate borrower will soon be on a rate above 5 per cent following today’s 0.50 percentage point RBA hike. The cash rate is now 2.35 per cent, the highest rate since the beginning of 2015.

8 banks increase savings rates beyond the RBA hikes – could rates hit 4%?

If the RBA hikes by another 0.50 percentage points this afternoon, the highest ongoing savings rate could potentially climb over 4 per cent

CBA cuts variable rates again – but existing customers miss out

CBA has now lowered variable rates for new customers twice since the RBA hikes began in May.

NAB the latest big four bank to cut variable rates – but only for new customers

Since the RBA hikes began in May, 23 lenders have lowered variable rates for new customers, including CBA, Westpac, NAB and ANZ.

Highest savings rate now trumps the lowest mortgage rate

Virgin Money has hiked its top savings rate to 3.60 per cent. This means the highest ongoing savings rate on the market is now above the lowest home loan rate of 3.10 per cent.

15 lenders cut fixed rates this month – should borrowers fix or stay variable?

15 lenders including CBA, Westpac, Macquarie, Suncorp and Athena have cut fixed rates this month, signalling a shift in the market, as more borrowers begin shopping around.