Need info on the latest interest rates or news about the reserve bank decisions? At Mozo, we track hundreds of Australian financial institutions - from the big 4 banks to the smallest of online lenders and credit unions. We also keep a very keen eye on the reserve bank cash rate and how the banks, credit unions and building societies react to rate changes. If you need to find the best interest rates in Australia for home loans, term deposits or savings accounts, Mozo has got you covered.
When you are researching your home loan or personal loan make sure you are comparing apples with apples. Look for the comparison rate information as this takes into the interest rate, account fees and charges into single rate to show you the true cost of a loan and help you pick the best one. Remember the lowest rate is not always the best interest rate - also important to think about features such as repayment options and any ongoing fee that will impact how much interest you pay.
No fooling around for RBA: Cash rate remains at 2.50% at April meeting
The Reserve Bank of Australia board surprised no one with the announcement today that it was keeping the official cash rate at 2.50% for the eighth consecutive month.
RBA March Decision: cash rate remains at 2.50%
There were no surprises from the Reserve Bank today, as the cash rate was kept on hold at 2.50% for the seventh consecutive month at the RBA's monthly board meeting.
RBA February Decision: cash rate steady at 2.50%
In it’s first board meeting for 2014, the Reserve Bank has elected to keep the cash rate steady at 2.50% where it has been resting quietly since August.
Interest rates impact on every aspect of your finances, from your home loan through to any term deposits you may have. Whether you're looking to get a loan or create a new savings account, you need to know the current interest rate and compare what the various bank and credit unions are providing.
Luckily at Mozo we know all about such things as Australian interest rates and how to make an interest rates comparison and are more than happy to share this know with you.
If you're looking to get a house loan or borrow a large sum to set up your business, the current interest rate will affect how much money you'll need to repay. It's important to put some time into your research to see which bank or credit union can offer you the best interest rate for your needs. Mozo deals a range of advice and information on all types of loans. For each of these loan types, you can enter what you need from a loan and Mozo will present you what each bank can provide you, in an easy-to-understand chart. When you compare bank interest rates, you also need to consider the fees and restrictions of each loan, so these details are also in our informative charts to give you the big picture to securing the best interest rate for your loan.
You also can look at variable and fixed term rates that the various credit providers are offering and decide which one is best for your needs.
Whether you're saving for a particular purchase or just putting away money for a rainy day, you'll need to research the best bank interest rates for your savings account or term deposit. You can compare bank interest rates right here on the Mozo site for saving accounts and term deposits. When you're committing to a long term savings plan, you want to know you'll get the highest rate of return.
Whether you're saving or borrowing, you want to be as up-to-date as possible. Mozo keeps a close eye on the Australian banks' interest rates and how they react to information from the RBA. We always provide up-to-date information so you can make decissions in today's market, not yesterday's.
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