NAB

First Home Loan Deposit Scheme: NAB opens waitlist

As of today, NAB will begin taking expressions of interest from first home buyers wishing to secure their spot on a waitlist for a home loan through the government's First Home Loan Deposit Scheme.

By Emma Duffy ● December 17, 2019

NAB to implement First Home Loan Deposit Scheme

NAB has been announced as the first of two major lenders to offer mortgages under the Federal Government’s First Home Loan Deposit Scheme.

By Emma Duffy ● November 26, 2019

Customers could flee big banks under open banking: Moody’s

The profitability of Australia’s major banks is under threat thanks to low interest rates, intense competition and open banking, according to a report from ratings agency Moody’s.

By William Jolly ● November 25, 2019

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

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