What is a term deposit?

A term deposit is a set amount of money you leave with a lender for an agreed amount of time in return for an agreed amount of interest.

Sales of new motor vehicles hits speed bump

Car sales fell during July, although sales volumes moderately increased over the year, according to new data from the Australian Bureau of Statistics.

What is compulsory third-party insurance?

Compulsory third-party insurance, also known as CTP insurance, is compulsory for anyone who wants to register a vehicle in Australia.

CBA faces $10m bill for ripping off customers

Commonwealth Bank will refund about $10 million after selling unsuitable consumer credit insurance to tens of thousands of Australians.

Property spruiker's courses ruled an expensive waste of time'

Australia’s consumer watchdog has scored a legal victory against a property spruiker who made false claims about real estate investment.

ANZ pays the price for OnePath compliance failures

ANZ has been ordered to pay $15 million compensation to 160,000 superannuation customers of its wealth management business.

Simpler bank transfers around the corner

Australia is about to get a new payments system that will make it easier for consumers to transfer money between accounts.

Landlords laughing in Melbourne, crying in Perth

Weekly rents have increased in six of Australia’s eight capital cities over the past year – in some cases, by double-digit amounts.

Investors stare down rate hikes as borrowers move to fix

APRA’s intervention into Australia’s heated property market isn’t biting as much as the regulator might like, according to the ABS housing finance data released today.

Embattled CBA posts massive profit

Commonwealth Bank has unveiled a bumper profit of almost $10 billion, while also revealing steps it had taken to combat money laundering.