millennials save money

RAMS the latest casualty of savings account rate cuts

RAMS’ high-interest Saver Account is the latest in a growing line of savings accounts to have its interest rate cut, following the Reserve Bank’s decision to cut the cash rate earlier in June.

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millennials save money

Banks vs credit unions vs non-banks: what’s the difference?

Not all banks are created equal. There can be a distinct difference between banking with a big four behemoth like CommBank compared to, say, an online-only non-bank lender, or a not-for-profit community bank in a surfing village.

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millennials save money

Qantas announces major changes to its frequent flyer program

Qantas has just announced the “biggest overhaul to the airline’s loyalty program in its 32-year history”, adding a million more seats and slashing the number of points needed for select flights.

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millennials save money

How much is stamp duty when buying a car?

Also known as motor vehicle duty, or registration duty, stamp duty is payable on all new and used cars. Here we’ll explain what it is and how much it can cost.

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millennials save money

ME Bank, Loans.com.au, UBank and others cut fixed home loan rates

In addition to the many variable home loan rate cuts seen in the wake of the Reserve Bank’s decision to lower the cash rate, a number of lenders have also made big rate reductions to fixed home loan rates.

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millennials save money

ING cuts max interest rate on its Savings Maximiser account to 2.55%

The ING Savings Maximiser savings account – popular among readers of the Barefoot Investor – has had its maximum interest rate lowered by 25 basis points to 2.55% per annum.

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millennials save money

Loans.com.au offering its lowest ever car loan interest rate

Following the Reserve Bank’s cash rate cut last week, online lender loans.com.au has lowered car loan interest rates by 45 basis points, taking one of its car loans down to its lowest ever rate.

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millennials save money

Aussies not abandoning their credit and debit cards just yet

The number of purchases made on both credit cards and debit cards has increased in recent months, according to data from Australia’s central bank.

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millennials save money

Vast majority of Australians still think housing affordability is a big issue

Nearly nine in 10 Australians still think housing affordability is a big issue in Australia despite recent falls in median house prices.

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millennials save money

Who’s passed on the RBA rate cut to term deposits?

With Australia’s central bank cutting interest rates this week, much of the focus has been on home loan rates – but plenty of institutions have been quietly moving term deposit rates too, and not all of them have been cuts either.

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