Why are customer-owned banks merging?
Two big mergers are slated to happen soon - Heritage and People's Choice, and Newcastle Permanent and Greater Bank. So why is this happening?
Greater Bank
Guide to Greater Bank’s home loans
Established in 1924 as the Newcastle and Hunter River Public Service Starr-Bowkett Building Co-operative Society Limited, 'Greater Bank' rolls off the tongue a little better.
Greater Bank ends record-low 1.59% advertised home loan rate
Greater Bank has increased its 'Great Rate' one year fixed home loan rate by 30 basis points, marking an end to the record low rate.
Greater Bank cuts a home loan interest rate to 1.59% p.a.
On Tuesday Greater Bank cut its owner occupied 'Great Rate' loan fixed for two years to 1.59% p.a. (2.10% p.a. comparison rate*).
Newcastle Permanent and Greater Bank set to merge
Two of the largest Hunter-based organisations have announced they will merge to create "Australia's number one customer-owned bank".
Why are home loans rates climbing when the cash rate is still 0.10%?
A fair number of lenders raised rates on home loans this week, including Bankwest, Newcastle Permanent, and Greater Bank. But why?
Australians are increasing their home loan repayments, saving money
Australians are loosening the mortgage belt and getting ahead on their repayments, according to Greater Bank.
Greater Bank introduces new 'lowest ever' home loan
Today, Greater Bank introduced a new home loan under 2% that is the lowest in Savings.com.au's market research.
Customer-owned banks continue growth in tough year for banking
Australia's mutual banks, or customer-owned banks, recorded another year of growth despite the challenges presented by COVID-19.
Greater Bank introduces two sub-2% home loans
Today Greater Bank introduced two home loans under the 2.00% p.a. advertised rate barrier for owner-occupiers, with both being fixed for one year.
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