Laine Gordon

Savers get a boost as new highest rate hits 4.60% for all adults

It’s showtime for the highest savings accounts as banks break the 4.5 per cent savings rate barrier on the back of the RBA’s historic eighth consecutive cash rate rise.

Westpac cuts new customer variable rates, as loyal borrowers face 8th rate hike

Westpac has today cut the rate on its basic home loan for new customers, as existing variable borrowers face their eighth rate hike this year.

Credit card debt back on the rise, as people struggle to clear their bills

Australian households have given their credit cards a workout this month, with the value of transactions and debt attracting interest now on the rise.

CBA announces RBA hikes: how the big four now stack up

CBA is the last of the big four banks to announce it will be passing on the 0.25 percentage point RBA hike to its variable mortgage customers, effective 16 December.

Westpac, NAB and ANZ announce RBA hikes

Westpac, NAB and ANZ have all announced they will be passing on today’s 0.25 percentage point RBA hike in full to variable mortgage rates.

Variable mortgages to rise by another 0.25% - refinancing could save tens of thousands

The Reserve Bank has today increased the cash rate by 0.25 percentage points to 3.10 per cent, the highest level in over a decade.

Another 0.25% RBA hike likely tomorrow – how high could repayments go?

The Reserve Bank is tipped to hike the cash rate again tomorrow by 0.25 percentage points, taking it to 3.10 per cent – the highest rate in over a decade.

Home lending continues to slide as rate hikes take their toll

The value of new home loans being approved dropped for the ninth month in a row, as Australia’s cash rate rises take their toll on the home lending market.

CBA slices new customer variable rates as fixed rates continue to climb

CBA has turned up the heat on competition in the variable mortgage market by slicing rates, yet again, in a bid to win new business.