Westpac

Westpac further reduces savings account interest rates

Westpac is the latest of the big four banks to cut interest rates on its savings accounts.

By Emma Duffy ● February 13, 2020

Westpac, loans.com.au pledge home loan support for bushfire victims

Australians affected by the devastating bushfires may soon receive some welcome financial relief.

By Emma Duffy ● January 15, 2020

Apple Pay arrives for St.George, BankSA and Bank of Melbourne customers, Westpac to follow

Apple Pay has launched for St.George, BankSA and Bank of Melbourne customers, while Westpac has promised to deliver the contactless payments platform to customers by June 2020.

By Emma Duffy ● December 19, 2019

Consumers set to be Scrooges this Christmas, and rate cuts aren't helping

Australians aren't feeling very jolly and neither will retailers, with consumer confidence slipping according to the Westpac-Melbourne Institute Index of Consumer Sentiment.

By Emma Duffy ● December 12, 2019

Home loans from the big four banks

If you’re looking for a good value home loan, you may be considering what’s on offer from the big four banks.

By William Jolly ● November 27, 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

Westpac relaxes lending restrictions for investors (again)

Westpac has launched another bid to kickstart its sluggish mortgage growth, loosening rules around its Household Expenditure Measure (HEM) for investment borrowers.

By Alex Brewster ● November 07, 2019

UBank, Westpac, Teachers Mutual & others chop home loan rates below 3%

It’s been a big year for home loan rate cuts, and with the RBA not expected to cut the cash rate again till next year, this week’s cuts by Westpac, UBank, St George, Bank of Melbourne and Teachers Mutual Bank could be among the last we see in 2019.

By Emma Duffy ● November 05, 2019

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