ANZ

Big banks lose market share in tough home loan environment

The major bank’s market share of residential mortgages fell by nearly 100 basis points to 81.2% in 2019, as subdued lending conditions and more intense competition put the squeeze on.

By William Jolly ● November 08, 2019

Treasurer announces ACCC inquiry into mortgage prices

Treasurer Josh Frydenberg has today asked Australia’s competition watchdog to conduct an inquiry into the banking sector’s refusal to pass on recent interest rate cuts in full to its customers.

By William Jolly ● October 14, 2019

ANZ, CBA, NAB and more cut fixed rates post-cash rate change

While much of the focus has been on variable rates, there’s been plenty of cuts to fixed rates following the latest cash rate cut.

By William Jolly ● October 08, 2019

ACCC says we’re paying too much for foreign currency services

A report by Australia’s consumer watchdog the ACCC into foreign currency conversion has found Australians are getting ripped off to the tune of millions of dollars, and the big four banks are partly to blame.

By William Jolly ● September 03, 2019

ANZ program offering up to $500 for struggling savers

The long-running, ANZ-part-funded program Saver Plus offers up to $500 in matched savings to those who are perhaps struggling to save money on a regular basis.

By William Jolly ● August 21, 2019

ANZ, CBA, NAB & Westpac have all cut term deposit rates this month

The lack of a cash rate cut in August hasn’t stopped some of Australia’s largest banks from lowering term deposit rates, with each of the big four slashing rates for fixed-rate savers.

By William Jolly ● August 16, 2019

Westpac and ANZ cut serviceability rates for home loans

Two of the big four banks have cut their serviceability rates, in line with changes to rules by the Australian Prudential Regulation Authority (APRA).

By Alex Brewster ● July 16, 2019

Westpac, ANZ, Macquarie and others cut fixed home loan rates

In the wake of cuts to variable home loan rates following the Reserve Bank’s decision to lower the cash rate for a second time in as many months, a number of lenders have also made big rate reductions to fixed home loan rates.

By Emma Duffy ● July 12, 2019

ANZ the last of the big four to cut savings account rates

Major bank ANZ has cut the interest rates on its savings account products by 20 basis points, becoming the last of the big four to reduce savings rates.

By William Jolly ● June 26, 2019

How ANZ, CommBank, NAB and Westpac responded to the RBA’s cash rate cut

Within hours of the RBA’s decision to reduce the cash rate by 25 basis points, each of the big four banks announced cuts to home loan interest rates.

By William Jolly ● June 05, 2019

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