CBA hikes home loan rates and some savings accounts by 0.50%

Australia’s largest bank, Commonwealth Bank of Australia, has announced it will pass on yesterday’s full June RBA cash rate hike to its variable home loan customers.

RBA rate hike: Why savers shouldn’t hold their breath hoping for a boost

Analysis from RateCity.com.au shows only 58 per cent of banks hiked at least one savings rate following the May 0.25 percentage point RBA hike.

60,000 spots for home buyers - what's on offer from the new government

We compare what's been put on the table from the new government to help people buy a home.

The savings accounts coming up trumps post RBA hike

3% is the new highest maximum ongoing rate for young Australians and 1.60% is the new highest ongoing rate for all adults.

RBA rate hikes: how much will the banks pass onto savers?

While households with mortgages are bracing for pain, Australian savers will be eagerly anticipating the upcoming RBA cash rate hikes. But don’t bank on your bank passing on every cash rate hike in full.

Kids’ savings accounts put to the test – how they stack up

RateCity.com.au has put over 50 kids’ savings accounts to the test to compare how they perform over time.

Battle of the big banks: CBA cuts lowest variable rate following Westpac, NAB and ANZ

Australia’s largest bank cut its lowest variable rate by 0.10 per cent to 2.19 per cent, as the big bank battle to win over new customers continues.

Aussies turn their backs on fixed rates as Westpac hikes for the 3rd time this year

New ABS data shows the popularity of fixed rates has declined on the back of aggressive hikes from the banks.

ANZ scraps popular Breakfree home loan – find out how it affects you

In a major shake-up, ANZ has announced it will scrap its most popular mortgage– its package loan – impacting 350,000 existing customers.

Alarms bells ring as credit card debt rises for 2nd month in a row

Australia’s total credit card debt has risen for the second month in a row to $17.24 billion, according to new data released today from the RBA.