No pay rise for Aussies in eight years

The median household disposable income for Australians hasn’t gone up in eight years. In fact, it’s gone slightly backwards.

Commonwealth Bank slashes savings account rates

Commonwealth Bank has stung savers by cutting interest rates on its savings accounts by up to 25 basis points, making it the last of the big four to reduce savings rates this month.

86 400 becomes Australia’s newest bank

Australia has a brand-new bank, with 86 400 granted a full Authorised Deposit-taking Institution (ADI) license by APRA today.

UBank cuts savings account interest rates again

UBank has today slashed the interest rates on its savings accounts by 19 basis points, taking the maximum rate on its ‘USaver with Ultra’ account down to 2.41% p.a.