millennials save money

Bank CEO hits back at Treasurer for ‘bank bashing’

The Chairman and CEO of non-major bank MyState has fired back at the federal government over its criticism of banks not passing on interest rate cuts in full.

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millennials save money

First Home Loan Deposit Scheme gets the green light

The Coalition Government passed new laws through Parliament this week to implement the First Home Loan Deposit Scheme, which will provide a guarantee to eligible first home buyers to purchase a home with a deposit as low as 5%.

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millennials save money

One in five Aussies would rather give up social media for a month than enter the housing market

Searching for a new home is taking a toll on Aussie home buyers, with more than half saying it has affected their mental and emotional wellbeing, new research from Allianz reveals.

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millennials save money

Reserve Bank minutes reveal decision to cut rates was deeply debated, with concerns low rates could backfire

The Reserve Bank of Australia’s (RBA) October interest rate cut was deeply debated among board members who feared it may backfire, driving up house prices and failing to boost the economy.

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millennials save money

Up Bank and Transferwise announce partnership set to make sending money overseas cheaper

More than 130,000 Up Bank customers will now be able to send money abroad in 52 currencies directly from their transaction account without having to leave the app.

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millennials save money

Former ACCC Chair urges borrowers to consider non-bank lenders

If you’re wondering why your bank hasn’t passed on interest rate cuts in full, former ACCC Chair Graeme Samuel says fed up borrowers should take their business to smaller lenders.

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millennials save money

Can I withdraw my super early to pay off debt?

So you’re in a bit of a pickle and you need money – but the only savings you have are those in your super fund, which we all know you can’t access until you’ve retired. But are there any circumstances where you can withdraw your super early?

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millennials save money

69% of millennial homeowners only took five years to save for house deposit: ING

Owning a home has seemed out of reach for a lot of millennials but new research from ING suggests it could be far more achievable than we think.

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millennials save money

How do reverse mortgages work?

Imagine a home loan that actually gives you money and doesn’t require you to make any immediate repayments. Sounds too good to be true right?

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millennials save money

86400, Up Bank and BOQ the latest to cut interest rates on savings accounts

New digital banks 86 400 and Up Bank, plus Bank of Queensland have all slashed the interest rates on their market-leading savings accounts.

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