New research has compounded a miserable year for the private health insurance sector, with 2.23 million Australians dumping their cover in the past five years.
The average annual bill for households in 2018-19 fell by $65 (4%) compared with the previous year, according to the Australian Competition and Consumer Commission (ACCC).
Commonwealth Bank (CBA) has today launched 'CommBank Rewards', which will see eligible customers receive cash-back when they spend using their CBA credit or debit Mastercard with selected brands.
UBank have announced a partnership with fintech Basiq, with the two looking to take advantage of open banking by giving customers a more complete picture of their finances.