NAB

Under 10% of big bank mortgage customers have reduced their repayments after cash rate cuts

The big four banks have revealed the number of customers who’ve elected to reduce their mortgage repayments in the months following the recent cash rate cuts.

By William Jolly ● November 12, 2019

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

More than a quarter of NAB’s deposits earn about 0% interest

More than $88 billion of savings and transactional deposits with NAB are at or near earning 0% interest.

By William Jolly ● November 07, 2019

Property market will continue to strengthen in 2020: NAB

The Australian housing market will continue to gain momentum in 2020, according to the latest research from NAB.

By William Jolly ● October 24, 2019

Beem It now allows instant transfers to multiple bank accounts

Bank-backed payments app Beem It has launched a new feature allowing users to instantly transfer money between several different bank accounts as well as set up scheduled payments.

By William Jolly ● October 22, 2019

NAB finds consumer anxiety on the rise

People’s concern about their future spending and savings rose over the September quarter, according to NAB, but still remains below average.

By William Jolly ● October 16, 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

Women increasingly invested in shares – NAB

New data from nabtrade has revealed that “unprecedented” numbers of women are turning to shares to create wealth.

By Alex Brewster ● 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

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