Laine Gordon

Greater Bank has cut a range of fixed mortgage rates, giving it the new lowest fixed rate currently available in the Australian market.

A number of banks have been quietly cutting savings rates over the last month, with ANZ the latest to slice one of its savings rates today.

The Reserve Bank has shocked the nation by holding the cash rate at 3.85%—but more cuts are potentially still on the cards in 2025.

ANZ’s economics team has brought forward its RBA rate cut forecast, now tipping the next move will come on Tuesday.

Many Australians are potentially missing out on hundreds of dollars in interest by sticking with dud savings accounts.

ANZ has today cut its 1- to 5- year fixed rates by up to 0.35 percentage points ahead of next week’s RBA Monetary Policy Board meeting.

Australians squirrelled away an extra $6.3 billion in the month of May, as savers now stare down the barrel of another potential RBA cash rate cut.

Westpac’s economic team has today announced it now expects the RBA to cut the cash rate at the end of the central bank’s next meeting in 12 days’ time.

A range of changes will take effect from Tuesday, 1 July, as the new financial year brings updates to policies, prices, thresholds and eligibility rules.

Headline inflation has dropped to an annual rate of just 2.1%, while core inflation has dropped to 2.4%, paving the way for another RBA cash rate cut, potentially as soon as 8 July.

Big four bank, NAB, has today cut the rate on its Reward Saver account by 0.05 percentage points, according to our rate tracking.

Australia’s biggest home loan lender, CBA, has today cut its lowest investor variable rate down to a competitive 5.69%.

Westpac has today revised its cash rate forecast, adding two additional 0.25 percentage point rate cuts in 2026.

Australia’s total credit card debt accruing interest has dropped below $18 billion in April, Canstar analysis of RBA data shows.

Millions of savers have seen their interest rates drop today as three of Australia’s biggest banks reduce savings rates following last week’s cash rate cut.

Big four bank, NAB, has today cut the rates on its two main savings accounts on the back of Tuesday’s cash rate decision, seven days ahead of the bank’s cuts to variable mortgages.

Core inflation has risen to an annual rate of 2.8% in April, from 2.7% in March, however, this minor rise is unlikely to be cause for alarm for the RBA.

Home buyers’ maximum borrowing limits set by the banks will rise following Tuesday’s 0.25 percentage point cut to the cash rate by the RBA.

Australia’s second biggest bank, Westpac, will cut select savings rates by up 0.25 percentage points, effective 30 May.