News Archive

This week, several major banks have made notable moves in the Australian financial landscape, as Westpac revised its forecast on when the Reserve Bank of Australia (RBA) may start cutting interest rates. Meanwhile, ANZ moved to reduce rates on one of its popular variable rate home loans, offering some relief to borrowers. The bank also hit a milestone in the number of depositors for its digital banking platform, ANZ Plus.

With savings account rates sitting at an average rate of 3.59% in our database^, it’s no wonder many Australians take to the stock market as a way of growing their savings. According to marketindex, the Australian share market has delivered an average return of 13% per annum since 1900, so investing in shares can be a pathway to consider for wealth building.

Despite the Reserve Bank putting off much anticipated rate moves, ANZ today made interest rate cuts to its main variable rate home loan.

Ah, the summer holidays! A time for adventure, relaxation, and some much-needed R&R. Whether you’re jetting off to a tropical paradise, road-tripping with the kids, or taking a solo trip to reclaim your sanity, there’s one travel essential you don’t want to forget: travel insurance.

The summer holidays are right around the corner, and while the kids might be focused on fun and games, it could also be the perfect time to tackle some budget-friendly home renovations. Whether you’re looking to boost your home’s value before selling or just want to refresh your space, there are plenty of smart, cost-effective projects that can make a big impact without breaking the bank.

As the superannuation industry has focused on helping us watch our balances (hopefully) grow into enough to retire on, the government has realised it’s been overlooking the people the system is ultimately for: those who are already retired and need help navigating retirement and managing their hard-earned savings.

Dear Santa,

If you’re looking to purchase or refinance a property, you’ll know that every extra cent you can scrape together counts. That’s why the idea of receiving as much as $4,000 cash back on your home loan is a great incentive to consider for any savvy borrower.

If you’re one of the many mortgage holders across Australia right now desperate for the RBA to cut the cash rate to help ease up your finances, we have some news for you. Holding out for the RBA to make a move sometime in the new year is not your only option to save some dollars on your home loan.

With the end of the year fast approaching, the retail banking landscape is showing no signs of slowing down. This week, NAB cut its variable rates and revised its forecast, while term deposit providers continue to vie for the top spot and Bankwest stopped accepting new personal loan applications. A new green loan offering more options for eco-conscious ING mortgage holders was launched, and Mozo announced the winners of its Energy Awards, including Australia’s Best Green Electricity Provider.

The weekend known for scoring incredible deals and discounts is almost upon us. Black Friday (29 November) through to Cyber Monday (2 December) is expected to be bigger and better than ever and that means you need to be prepped and ready with your wishlists, bookmarks and your payment choice.

The Reserve Bank of Australia (RBA) might not have moved on interest rates this month, but NAB has jumped the gun by dropping one of its variable rate home loans.

It’s great to feel secure with your home and contents insurance provider, but recent insights suggest that this sense of comfort might actually be holding many Australians back from saving a pretty penny. Our latest report sheds light on what we’re calling the "Policy Paradox"—a situation where feeling content with your insurer can lead to overlooking better, more affordable options that could make you even happier.

This week was another big week in personal finance, as the Reserve Bank of Australia (RBA) met for their second last meeting of 2024. Despite a cash rate hold, banks have continued to shift rates, fees and rewards offers on the Mozo database.

2024 is winding down, but there’s still time to tick off some key financial tasks and set yourself up for a solid finish. By making a few smart moves now, you’ll not only wrap up the year with confidence but also kickstart 2025 with your finances in great shape. Here are five must-dos for your financial list to head into the silly season and new year with confidence.

Ready to sleigh Christmas spending this year? While the festive season is quickly creeping in on us, getting ahead of holiday planning is the best way to avoid budget blowouts and it could mean more cash for all the things you want to enjoy.

Despite the lowest inflation figures in years, the Reserve Bank of Australia (RBA) has kept its foot on the brakes. What’s holding them back?

Welcome back to Mozo Money Moves, your weekly finance wrap which dives into the latest pricing changes in the Australian retail banking landscape.

With the festive season fast approaching, now’s the time to organise your finances and set yourself up for a stress-free December. From Black Friday bargains to prepping for holiday travel, your favourite monthly read is here to help you end the year on a high note.