Laine Gordon

Cash rate pause now a live option, but 0.25% hike most likely on Tuesday

The Reserve Bank is likely to be weighing up whether to raise the cash rate by another 0.25 percentage points next week, or hit pause in December, following today’s drop in annual inflation figures.

ANZ cuts new customer variable rates as existing borrowers face 8th hike in 8 months

ANZ has today cut the rates on its basic home loan for new customers, as existing variable borrowers face their eighth hike in as many months.

BNPL industry to face tougher regulation, as survey finds users still falling into strife

RateCity.com.au welcomes the government’s move to regulate the burgeoning buy now, pay later sector, and warns any change must protect people from accessing multiple debts they can’t afford to repay.

CBA overhauls mortgages in bid for ideal customers

Australia’s biggest bank, CBA, has slashed its advertised package rates by up to 2.03 percentage points for new customers with big deposits.

Fixed rates continue to defy gravity, with ANZ the latest to hike

Australia’s fourth largest lender, ANZ, has today hiked fixed rates by up to 0.30 percentage points for owner-occupiers and investors.

RBA hikes kick in for variable borrowers

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

The 5-minute move that could boost savings by up to $1,968 in a year

Australians with money in the bank are finally starting to see some decent rates on their deposits after seven RBA hikes. However, not all savers are being treated equally as banks pick and choose which accounts to reward with higher rates.

Credit card debt continues to defy RBA hikes

Credit card debt from Australian households attracting interest charges has fallen for the third month in a row, defying the RBA rate hikes.

RBA hikes shrink home buying budget by over $214K for average Aussie family

The average family’s maximum home buying budget has shrunk by an estimated $214,600 as a result of the last seven months of RBA rate rises.

New highest savings rate hits 4.30%

The highest ongoing savings rate has now hit 4.30 per cent, and it is available for all adults. ING has announced today it will hike its popular Savings Maximiser account by 0.25 percentage points to 4.30 per cent from next Tuesday, for balances up to $100,000.