Finance Stories - Page 2

Aussies eager for a local holiday are once again able to fly with Virgin Australia using their Velocity points, after redemptions were brought forward to this week. Spending points on domestic flights may not always add...

Lenders are offering some home loan customers the option of deferring their mortgage repayments for a further four months, if they are in financial hardship due to COVID-19. We take a look at what a repayment...

Commonwealth Bank customers might notice a free $50 has been deposited into their accounts today as a "goodwill payment" for last week's network outage. The major bank sent an email out this afternoon to customers who'd...

With the Australian Government’s implementation of measures to encourage social distancing amidst the COVID-19 pandemic, businesses and entire industries have been finding creative ways to pivot and bend in line with the restrictions. One such industry...

For those who opted to pause their home loan at the start of the pandemic crisis the clock is ticking towards crunch time but Phase 2 of mortgage relief has been announced. We look at some...

There are a number of services that let you access your accrued pay without waiting for pay day. Here’s a look at how they work and what you should keep in mind. Life can certainly throw...

American Express has launched a new feature that will allow some cardholders to pay off a portion of their credit card balance in equal monthly installments at a 0% interest rate, but with a fixed month...

The official cash rate will remain on hold at 0.25% for another month. The low rate has undoubtedly helped bring consumer interest rates down to be arguably more affordable than ever, but they are not cheap...

Customers of Australia's largest bank are currently unable to access some banking services or make payments using their debit or credit card. Commonwealth Bank announced to customers around lunchtime today that it was aware of some...

Millennials remain optimistic about home ownership despite the current array of risk and uncertainty, unwilling to let the pandemic interrupt their plans. A third say they want to buy a property in the next one to...

The unthinkable happens and you are never able to work again: would you expect an insurance policy supposedly designed to safeguard against that exact scenario to pay out? A new report suggests policy holders – including...

You could be forgiven for thinking this photo is of a real woman or perhaps of a photoshopped model. But she is in fact UBank's latest virtual assistant. Meet Mia, short for My Interactive Agent. She...

The banking royal commission's proposal to stop advice fees from being taken out of low-cost default funds could have some unintended consequences, some industry experts warn. The fees-for-no service scandal is one of the biggest superannuation issues...

As Townsville's worst flood on record devastates many local homes and businesses, questions have been raised as to whether homeowners' insurance policies will cover them for water damage linked to an overflowing dam. More than a year's...

Co-author Ellie McLachlan Banning advice fees for default super accounts, overhauling the way mortgage brokers are paid and ending the hawking of insurance and superannuation products are some of the major changes the banking royal commission has...

Strength from the miners, including BHP, Rio Tinto and Newcrest Mining outweighed weakness from the big four banks to lead the local share market higher last week. The benchmark S&P/ASX 200 finished the week 0.36% firmer...

From today, Australians can bundle Westpac's Altitude Platinum (Visa) and Altitude Black (Mastercard) rewards credit cards with an Amex card, issued directly by American Express. Announced by Westpac and American Express late last year, the deal for American Express...

New research shows almost half of Australians dip into their savings regularly and only 11% of people have a strict budget in place as we approach the busiest spending season of the year. Research commissioned by UBank...

The Australian Bureau of Statistics (ABS) has revealed the unemployment rate decreased by 0.1 percentage point in October to 5.4% thanks to a dip in the labour market participation rate which fell from 65.2% to 65.1%....

ANZ and Cuscal-sponsored credit unions including CUA today announced their eftpos cardholders can now make payments using Android Pay. The nine institutions, including People's Choice Credit Union, Sydney Credit Union, Woolworths Employee's Credit Union, Nexus Mutual and...