Laine Gordon

Westpac hikes variable mortgages and all key savings accounts

Westpac has today announced it will hike variable rate mortgages by 0.50 percentage points for new and existing customers.

ANZ follows CBA’s lead, hiking variable mortgages but leaving most savers in the cold

ANZ has followed CBA’s lead, hiking variable rate mortgages and one savings account by the full 0.50 percentage points.

CBA hikes variable mortgages but leaves some savers out to dry

Australia’s biggest bank, CBA, has finally announced it will pass on the full 0.50 percentage point hike to its variable home loan customers and some savings customers.

New lending takes a $1.41 billion dive, amid record refinancing

The value of new home loans has fallen by $1.41 billion to $30.97 billion in June, as property prices in key capital cities fall.

Complacent savers lose out, despite rate hikes

Complacent savers are potentially missing out on hundreds of dollars in interest, as the gap widens between some of the highest and lowest savings rates on the back of the RBA hikes.

ANZ acquisition of Suncorp: what would it mean for the big four home loan share? 

ANZ could increase its share of Australia’s tightly held mortgage market by 17.7 per cent, if the bank gets the green light on its proposal to acquire Suncorp Bank. 

July rate hikes kick in tomorrow, but borrowers may not feel the pain for weeks

CBA, NAB and ANZ will lift all variable mortgage rates by 0.50 percentage points tomorrow, following the RBA’s July double rate hike, with Westpac rates increasing from next Wednesday.

Credit card purchases climb despite cash rate hikes

Australians made almost $25 billion worth of purchases on their credit cards in May, despite the growing cost of living pressures and rising interest rates.

ING increases savings rate to 2.60% as banks finally deliver for savers

ING has today announced it will be increasing the interest rate on its Savings Maximiser to 2.60 per cent – the new highest ongoing savings rate in the market for all adults, effective 12 July.

Westpac the last big 4 bank to hike: see how mortgage rates now stack up

Westpac is the last big four bank to announce it is passing on the full RBA hike to variable rate mortgage customers.