Laine Gordon

Fixed rates plunge to new record low of 2.09 per cent

Banks have launched a fixed home loan war, with ING set to offer the country’s lowest home loan rate at just 2.09 per cent, fixed for two years, available today.

Banks welcome riskier lending back into the fold

The banks are increasingly taking the foot off the brake on home lending, particularly for ‘riskier’ loans, according to APRA’s quarterly banking figures out today.

Christmas shoppers give credit cards a workout

Australians spent $25.1 billion on their credit cards in December 2019 – $1.3 billion more than the previous year, according to today’s RBA figures.

ANZ cuts home loan and deposit rates

ANZ Bank has today cut both home loan and deposit rates in the lead up to the RBA’s first meeting of the year.

Aussies wipe $2.45 billion off credit card debts in past year

Australians have taken an axe to credit card debt, slashing balances to the lowest level in almost 13 years, according to new RBA figures released today.

Westpac Group last major to bite on Apple Pay

Today’s announcement that the Westpac Group is joining the Apple Pay platform is a win for customers, who have grown increasingly frustrated at the banks’ limited payment technologies.

Big banks offering zero per cent deals to put credit cards back in Aussie pockets

Credit card lenders are offering attractive ‘zero per cent’ introductory deals this summer in a bid to get new customers on to their books.

Gift cards get better, but there are still some on the naughty list

RateCity has today revealed its annual ‘naughty and nice’ gift card list, as tough new rules abolish short expiry cards.

Banks slash fixed rates, pricing in Melbourne Cup cut

Three of the Big Four Banks have dropped rates on their fixed home loans in the past week, with NAB the latest major bank to cut.

Credit card exodus continues, as those left standing get smarter with debts

New data from the RBA today shows Australians are continuing to shy away from credit cards. But those that are still using plastic are getting smarter about how they use their cards.