Laine Gordon

Westpac and NAB finally lift savings rates post June RBA hike

Westpac has today hiked rates on a handful of its savings accounts, following the historic double rate hike from the RBA at the beginning of this month.

ANZ and Westpac lift fixed rates while the RBA eyes off another double cash rate hike

Australia’s fourth largest lender, ANZ, has today hiked fixed rates by up to 0.90 percentage points. This comes a day after Westpac hiked fixed rates by 0.50 percentage points for customers looking to lock in their rate.

Finally, a whiff of competition: Macquarie, ING up the ante on savings rates

Macquarie and ING have today announced major increases to the interest rates on their transaction and savings accounts respectively.

NAB and ANZ play follow the leader hiking for home loans, but staying ‘mum’ on savings accounts

NAB and ANZ have both announced they are passing on the RBA rate hike, in full, to their variable rate mortgage customers, effective 17 June.

NAB joins the Buy Now, Pay Later party – how it compares to the competition

NAB has announced it will launch a buy now, pay later option in July, with pre-registrations opening today.

Australia’s credit card debt drops after 4 months of rises

Australia’s credit card debt has made a surprise drop in March after four consecutive months of rises, according to new data from the RBA today.

Westpac matches CBA and ANZ, hiking by 0.25% for variable customers AND hike select savings accounts

Australia’s second largest lender, Westpac, has tonight announced it will pass on the cash rate hike in full to its variable rate mortgage customers, effective 17 May 2022.

ANZ follows in CBA’s footsteps – hikes by 0.25% for variable borrowers

ANZ will pass the RBA cash rate hike in full to its variable rate mortgage customers, effective 13 May 2022.

3 of the big 4 banks predict RBA will hike in May - how high will rates go?

Three of the big four banks forecast that the RBA will pull the trigger on a rate rise in May, bringing the cash rate up for the first time in over a decade.

After 11.5 years of cuts – are Australians ready for RBA rate hikes?

After more than a decade of interest rate cuts, the Reserve Bank is set to start hiking the cash rate as soon as tomorrow.