Term deposit movements: Three big banks drop rates

ANZ, National Australia Bank, Commonwealth Bank and a number of other banks have dropped interest rates on term deposits over the past week ahead of Tuesday’s widely-anticipated cash rate cut.

Car-buyers looking to hybrids

New research shows an increasing proportion of would-be car buyers intend to buy a hybrid vehicle, although the overall number of people looking to buy a new car is down.

How much do Australian banks pay for Apple Pay?

With the news of NAB switching on Apple Pay fresh in the ears, it’s been revealed just how much Australian banks actually pay to use the digital wallet service.

RBA praises new payments platform development

RBA Assistant Governor Michele Bullock has provided an update on the progress of the new payments platform (NPP), praising the success of its implementation and adoption by smaller institutions.