Money in the bank hits $1.48 trillion + where will ANZ sit in the pack following the ANZ-Suncorp merger?

Australians tucked an additional $6.53 billion away in the bank in May as deposits from households continued to hit record highs.

NAB says the next cash rate move will be down, not up, but not until 2025

The National Australia Bank has updated its cash rate forecast, pushing the first projected cash rate cut out by six months to May 2025.

What is the average electricity bill?

It can help to know what the average electricity bill looks like, and how to compare electricity plan options, to reduce any stress, or even help you switch to a cheaper plan altogether.

Do I need home insurance for renovations?

Having home insurance isn’t always essential if you’re planning a renovation, though it can be nice to have. If a mishap occurs while you’re renovating your home, it may already be covered by your regular home insurance policy. However, this may not apply in every situation, as renovations may be an exception to your home insurance coverage, especially for larger renovation projects.

Do I need to get homeowners insurance liability coverage?

If someone is injured or falls sick while on your property, you may be legally liable and required to pay a considerable sum of money in personal damages. You can’t prevent an accident, but you may be able to avoid some significant costs by being insured for legal liability.

Will my home insurance policy cover lost jewellery?

The average home and contents insurance policy in Australia may only cover lost jewellery in some circumstances, and even then, only up to a certain value. If your jewellery is not lost in an insured event listed in your insurance policy, your insurer may not approve your claim. Consider checking the details of your insurance policy to know which incidents are covered.

Landlord insurance vs home insurance

Home insurance can cover several risks you may face as a homeowner, such as rebuilding your house if it burns down, replacing the possessions stolen in a break-in, or paying medical bills if someone is hurt on your property.

Ubank increases savings rate to equal second highest in market

Digital bank Ubank has announced it will be increasing the maximum bonus interest rate from 5.10 per cent to 5.50 per cent on its Save product from 1 July 2024.

Credit cards offering the biggest sign-up rewards point bonuses in June 2024

Do you use your credit card to chase points deals and get the best bonus offers you can? There are a variety of credit card choices available that could net you a six-figure points bonus, simply by joining up and making a minimum spend.

What to expect from the RBA meeting in June 2024

The Reserve Bank of Australia (RBA) board is unlikely to change the cash rate at its June 2024 meeting, according to economists from some of Australia’s biggest banks. However, pressure from a variety of economic factors may force the RBA to push back previously forecast cash rate cuts until 2025.