Will taking a loan repayment pause during COVID-19 affect my credit score?

The Australian Banking Association (ABA) has today announced that customers’ credit scores won’t be affected if they need to defer their loan repayments for up to six months due to COVID-19, provided they were up to date with their repayments beforehand.

What is the impact of taking a mortgage holiday?

Could taking a holiday from your home loan do more harm than good? What are the long-term financial consequences of putting a temporary freeze on your mortgage payments?

Which banks are freezing mortgages for COVID-19?

As well as offering support for Australian small business, several banks have offered home loan customers being affected by coronavirus the chance to take a mortgage holiday. This allows these affected mortgage holders to pause their loan repayments for a limited time to help relieve pressure on household budgets.

What are ADIs and how could they protect your savings?

With the RBA slashing Australia's cash rate, and big banks cutting savings rates, it's getting harder and harder to find savings accounts paying interest at a rate higher than inflation. In times like these, many Aussies are searching for alternative options to the big banks to help grow their wealth. 

How to protect your personal finances from coronavirus

The global coronavirus pandemic is affecting every aspect of Australian life. Schools are closing, office employees are working from home, and supermarkets are struggling to keep up with demand for essentials.  As well as affecting your health, COVID-19 could also affect your finances. Here are a few things you could do to help protect yourself, your loved ones, and your money. 

NAB app to offer gambling block

In an Australian first, NAB his rolled out an option to block gambling transactions on its Visa Debit and Visa Credit cards via its apps, to help Australians better manage their personal finances.

NAB leads Australia in the world’s 100 most sustainable companies

NAB has been ranked as the greenest Australian business in an index of the world’s most sustainable companies.

86 400 to help customers get better energy deals

Smart bank 86 400 is offering to help its customers find a better deal on their household’s electricity, thanks to a new energy plan assessment service.

More shoppers switching from credit cards to buy now, pay later

According to a new report, buy now, pay later (BNPL) services such as Afterpay and Zip Pay are becoming more commonly accepted in Australia, while credit card usage is declining.

What to do with unwanted Christmas gifts

They say that it’s better to give than to receive. They also say that you can’t always get what you want. Both of these sayings can be true at Christmas time.