Laine Gordon

NAB ups cash rate call to peak at 4.60%

NAB’s economic team has today revised its forecasted cash rate peak to 4.60 per cent - the highest of the big four banks’ predictions – with rate rises pencilled in for July and August.

ANZ hikes mortgage rates and one savings rate

ANZ has followed NAB and Westpac by announcing it will be increasing mortgage rates for new and existing variable borrowers by 0.25 percentage points.

NAB, Westpac announce RBA hikes

NAB and Westpac are the first big four banks to announce they will pass on Tuesday’s 0.25 percentage point RBA hike to both mortgage and savings customers.

Mortgage rates starting with a ‘4’ to largely disappear on back of today’s RBA hike

The Reserve Bank has today increased the cash rate by 0.25 percentage points to 3.60 per cent, the highest level since May 2012.

New highest savings rate hits 5.15%, but there’s a catch

Savings accounts have broken the 5 per cent barrier, with Bank of Queensland posting a rate of 5.15 per cent, effective today.

CBA and NAB hike select rates out-of-cycle for new customers

Australia’s largest and third largest lenders have today hiked select rates for new customers, as the rising rate environment forces banks to reassess their home loan offerings.

RBA confirms further rate hikes likely

Borrowers should prepare for at least two, if not three, more cash rate hikes this year as the RBA continues to tame the inflation beast.

How to get ahead of rising rates as the first 2023 RBA hike kicks in

Australians with a CBA, NAB or ANZ variable home loan will see their interest rate rise by 0.25 percentage points today, as the RBA’s February hike takes effect.

Monthly repayments could rise by 49% in total, if NAB’s forecast is realised

The average mortgage holder could end up paying a total of $1,135 extra in monthly repayments since the start of the hikes, if NAB’s new cash rate forecast is realised.

Westpac announces new credit card instalment option – how does it stack up? 

Westpac has today announced it will be launching a new payment plan option in another bid to provide customers with an alternative to the ever-expanding buy now, pay later sector.