Laine Gordon

RBA likely to hike by 0.50% but how much will the banks pass onto savers?

The Reserve Bank is expected to hike the cash rate by 0.50 percentage points today, but banks are unlikely to pass on this rate hike in full to every customer.

Australia stares down the barrel of another double RBA hike tomorrow

The RBA is set to hike the cash rate tomorrow, either by 0.25 or 0.50 percentage points, as the Board moves to curb inflation.

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.

Fixed-rate mortgage cliff: how high will repayments jump for millions of borrowers?

Currently around 38% borrowers are locked into an ultra-low fixed-rate mortgage, however, their rates could more than double when their fixed terms expire.

Buyers borrowing power shrinks as banks hike rates

Rapidly rising interest rates could see the average family’s maximum borrowing capacity shrink by over $160,000 by April next year, if cash rate forecasts are realised.

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.

Double trouble: RBA tipped to hike by another 0.50% in July

Australians with mortgages need to be prepared for their repayments to rise significantly, with the RBA tipped to hike again by another 0.50 percentage points next month.

Double whammy: RBA hikes cash rate by 0.50%

The RBA has hiked official rates again today by 0.50 percentage points, taking the cash rate to 0.85 per cent.