Sign of future hikes? More banks lift 4-year fixed home loan rates

RateCity research has found that since 1 March, 16 lenders have increased 4-year fixed home loan rates. This is no doubt being influenced by comments from RBA Governor, Philip Lowe, indicating that the cash rate is unlikely to increase until inflation targets are met – potentially in 2024.

Citi withdraws consumer business: mortgages, retail banking and credit cards

Global group, Citi, has today announced it will withdraw from its consumer banking business in Australia, as well as 13 other markets. Citi’s consumer business includes mortgages, retail banking and credit cards.

Home loan cashback deals on offer for April 2021

Lenders are fighting to get new home loan customers on to their books this April, with the majority of cashback deals, once again, available for refinancers only.

Spend on travel up as consumer confidence bounces back

Consumer confidence is back, and Aussies are using their plastic again for travel, with the latest Citi research showing spending increased 23 per cent month-on-month.

AMP increases savings rate: which savings account type is the most competitive?

Savers across Australia may feel as if earning a decent interest rate on your savings account nest egg feels next to impossible. But a new offer from AMP is a timely reminder that it pays to shop around and compare your savings account options.

Aussie property prices skyrocket: fastest increase since 1988

Housing prices across the country surged at the fastest increase in 32 years to a new record high. And the current low-rate environment is fuelling the property market fire.

How to switch banks

If you’re considering switching bank accounts, you may be surprised to learn it’s an easier process than you think. In fact, it only takes four steps, and you could be set up with a new bank account in a matter of minutes.

How a cashback deal may help cut the cost of refinancing

Research from RateCity shows that a borrower taking advantage of cashback deals may break even before they’ve made their first new mortgage repayment and be $1,398 better off from refinancing.

Some of the best kids savings accounts for March 2021

So, how can Aussie parents hoping to teach children about money and actually find a competitive interest rate to help grow their balances? This is where RateCity’s leaderboards come in.

The difference between a good and a bad credit score in personal loans

Your credit score plays one of the most important roles in a personal loan application. But exactly how different could a personal loan interest rate be, based on good or bad credit scores?