News

100,000 households could default on their home loans when Jobkeeper ends

New research shows mortgage stress has soared due to the COVID-19-induced recession.

By Alex Brewster ● June 04, 2020

Citi and 86 400 come to the Pay ID party

Citi and neobank 86 400 have enabled Pay ID, a system that allows the transfer of cash with just a phone number or email.

By Harrison Astbury ● June 04, 2020

Homebuyers grant: Full details of $25k HomeBuilder scheme announced

The full details of the Morrison Government's highly anticipated new HomeBuilder grant have been revealed.

By Emma Duffy ● June 04, 2020

Australia enters first recession since 1990s, Treasurer Josh Frydenberg confirms after GDP data

It appears all the toilet paper panic buying in the world couldn't save the economy, with Treasurer Josh Frydenberg confirming Australia is in a recession.

By Emma Duffy ● June 03, 2020

Homebuyers could be offered grant of $25,000 to build or renovate

Details of the proposed homebuyers grant are still scarce as the government works to finalise the scheme, but early reports say the grant could be around $25,000.

By Emma Duffy ● June 03, 2020

New car sales down 35%, but electric vehicles up 22%

Today the Federal Chamber of Automotive Industries (FCAI) recorded the 26th continuous monthly decline for new car sales - but electric car sales are up.

By Harrison Astbury ● June 03, 2020

COVID-19 and bushfires shrinks Australian economy, recession all but confirmed

The Australian economy shrunk by 0.3% in the March 2020 quarter as a result of the summer bushfires and the beginning of COVID-19.

By Alex Brewster ● June 03, 2020

ME to front economics committee today over redraw debacle

The House of Representatives Standing Committee on Economics will hear from ME Bank via videoconference today, as a part of an ongoing review into major banks and financial institutions.

By William Jolly ● June 03, 2020

RBA holds cash rate at 0.25% for June

Australia's central bank has held the cash rate at 0.25% for June in its board meeting today.

By Alex Brewster ● June 02, 2020

7 in 10 Australians think we'll be in a recession in the next 12 months

Seven in 10 Australians expect the country will enter a recession in the next 12 months, according to Switzer Financial Group.

By Emma Duffy ● June 02, 2020

Refinance home loans.Rates from 1.69% p.a.

Low-rate car loansRates from 3.78%

Savings ratesof up to 1.50%

Term deposit ratesof up to 1.60%

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Refinance home loans.
Rates from 1.69% p.a.

Low-rate car loans
Rates from 3.78%

Savings rates
of up to 1.50%

Term deposit rates
of up to 1.60%

Let us come to you.
Get Savings in your inbox.