Finance News - Page 2

Letting kids spend money is one of the most important financial lessons in life. But when is the right time to make the switch from physical money to a debit card?

Many Australians with money in the bank are still in the dark about changes to their savings rates. Here are the banks doing right by savers.

Seven banks have already cut savings rates following Tuesday’s RBA decision, including BOQ, which cut its market-leading rate to below 5%.

Almost 100,000 mortgages switched to a different lender in the June 2025 quarter – the highest level since September 2023.

Australia’s third RBA rate cut of the year is expected to land today, with a drop of 0.25 percentage points tipped, taking the cash rate to 3.60%.

NAB and ANZ have rounded out the big four banks in confirming they’ll pass on the RBA’s 0.25 percentage point cut in full.

Australia’s largest banks, CBA and Westpac, have made the right call for their variable home loan customers, confirming today they will both pass the RBA’s 0.25 percentage point cut in full. As a result, both banks’...

The RBA has cut the cash rate in line with the predictions of the big four banks - what could this mean for your mortgage?

Australia’s third RBA rate cut of the year is expected to land today, with a drop of 0.25 percentage points tipped, taking the cash rate to 3.60%.

Bank of Queensland has today slashed its lowest fixed rate to 4.89% for 2-years – the new lowest standard home loan rate in the market.

NAB has cut fixed rates by up to 0.25 percentage points, joining the list of lenders taking the knife to these rates ahead of next week’s RBA meeting.

Qantas has hiked the burn rate on its loyalty program, asking customers for more points to redeem Classic Flight Rewards.

Fresh inflation figures and economic data indicate that a rate cut could be on the cards in August, according to Australia’s big four banks.

Australians dipped into their savings in June, with money in the bank from households dropping by a sizable $12 billion dollars.

Trimmed mean inflation is back into the RBA’s target band, all but confirming Australia’s third cash rate cut on 12 August

The lowest fixed and variable home loan rates keep on falling, with the lowest variable rate now in the 4s.

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

The costs of pet insurance and vet bills are rising, putting increased pressure on pet parents to prepare for rainy days

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 unemployment rate has risen to 4.3% today, suggesting the jobs market is softening, setting the stage for another RBA cut potentially as soon as 12 August.