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.

NAB to remove over 100 customer fees

National Australia Bank (NAB) today announced plans to scrap more than 100 fees from across its products and services.

ANZ and RAMS shearing more points off savings account rates

As the ongoing interest rate on ANZ’s online saver account approaches zero, one of Australia’s highest-rate accounts will also have its interest rate cut tomorrow in spite of the Reserve Bank’s decision to hold the cash rate steady this month.