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.

UBank cuts savings rate by 31 basis points

Popular online bank UBank has slashed the interest rate on its savings account products by 31 basis points – more than the official cash rate cut.

Cash rate falls to 0.75%

The Reserve Bank of Australia has cut the official cash rate by 25 basis points to a new low of 0.75% in its October meeting today.

RBA Rate Cut October: Which home loans are getting the cut?

Australia’s cash rate has been cut for the third time in four months. Savings.com.au will keep you updated with the latest home loan rate cut announcements from some of the nation’s most popular lenders.