News archive for February 2019

Everyone knows the double-dipping debate that divides the nation - whether or not it’s ever acceptable to dip a chip into the party’s guac a second time.

With all that goes on in the banking world each day, it’s easy to feel a bit in over your head. That’s why we compile all the major changes of the past week in one handy spot for you to peruse at your leisure. Read on for all the latest news on home loans, term deposits and more.

Despite fears about the Royal Commission ‘credit crunch’, having a borrower’s financial position under a microscope may actually be benefiting both borrowers and lenders alike.

In an effort to put to a stop on the big three energy companies from gaining more market dominance, the ACCC has warned the government to leave the big three out of upcoming energy generation investments.

Emerging Australian businesses and industries are being held back when it comes securing the business funding they need to grow.

For many Australians, the thought of moving places is likely to elicit a collective groan. Between rounding up all your belongings, packing them in boxes, and lugging them from your old place to your new one, there’s plenty that could go wrong.

Following the death of a Cabramatta motorist in July 2017 after the deployment of a faulty Takata airbag during an accident just days before his inflator was due to be replaced, the enormity of one of Australia’s biggest automotive recalls began to hit home.

On a mission to find a new credit card but need an extra sweetener to seal the deal? Well the Commonwealth Bank wants a word.

As always, there were plenty of changes across the banking and energy landscape this week. Here’s our weekly recap to give you a rundown of all the ups and downs, as well as any stories you might have missed.

If you’ve ever wondered what makes a top bank and savings account, then today is your lucky day because we’ve just announced the winners of our 2019 Mozo Experts Choice Deposit Awards.

The numbers have been crunched and the results for the Mozo Experts Choice Awards are in, with ING taking out awards for the best value in savings, term deposits, everyday accounts and more, showing that it’s a top choice for Aussies looking for everyday banking with great value and competitive interest rates.

Energy retailers are set to feel the heat with new regulations being imposed on unclear and unfair billing practises.

Renewable or green energy has slowly become the talk of the town when it comes to the future of electricity.

It’s no secret that buying a car can be just as exciting as it is stressful - there’s heaps to organise, plus a decent amount of paperwork to sort through before you’re given the keys to your new ride.

According to ME Bank’s recent survey, 81% of Aussie adults in relationships spend an average of just $50 or less on their partners' on Valentine’s Day, and only 56% of those in relationships plan to celebrate the day at all.

Although the question of how soon is too soon for stores to start stocking Easter chocolate has become a nationwide debate, booking your Easter holiday is something that cannot be done soon enough.

If you’re a big spender who’s being holding out for the right piece of plastic to come along, we’ve got good news.

Today, two-time Mozo Experts Choice Best Online Bank Award winner, UBank announced it will be introducing the world’s first AI-powered home loan application assistant.

To help Aussies in NSW concerned about their upcoming energy bills, the Berejiklian government has proposed a new household solar plan.

Australia’s overall financial comfort may be improving, but that doesn’t mean Aussies are ready to give up on stashing money away like doomsday is just around the corner.

From home loan hikes, seesawing term deposit rates and the final blow of the Banking Royal Commission Report, it’s been a big week in banking. But if you’ve been a little slack with your finance reading, here’s what you missed.

As the reporting embargo was lifted and our news feeds came to life at 4:30pm on Monday afternoon, it’s fair to say many observers would have greeted the recommendations released in the Royal Commission’s Final Report into Misconduct in the Banking, Superannuation and Financial Services Industry with disappointment.

So now that it’s February, and all the festive hullaballoo is officially done and dusted, we’d like to think you've finally found a routine and gotten into the groove of the daily work grind (or at least close to it?) Well if not, don't fret! There’s no better way to get organised than by buckling down with a budget and getting your finances in order.

With much of Australia in the grips of a rolling heatwave, many people are turning to air-conditioning in a bid to stay cool. But with air-conditioning use one of the main drivers of electricity bills over summer, how you manage your use can have a significant impact on your bill.

As existing savings from the Queensland Government’s Affordable Energy Plan continue to flow, Queenslanders could save a further $58 on power bills each quarter from next year.

The Reserve Bank Board has maintained the official cash rate at 1.50% for a 30th consecutive month at its first meeting of 2019 in Sydney this afternoon.

It’s been on the cards for a while, but a cut to the RBA’s official cash rate cut could finally be just around the corner. This could mean relief for borrowers, but according to Mozo Data Manager Peter Marshall, it’s not that simple.

Between some continued trends in term deposits and a number of key changes across home loan rates, there's plenty of banking news to report this week. Let’s get right into it.

It may seem unavoidable at times, but committing the same financial mistakes can leave you trapped in a ‘Groundhog Day’ spell. Not to worry! There are opportunities to learn from your financial flaws, and now is the chance to make a change. After all, new year new you!

With Valentine’s Day right around the corner, loved up couples across the country are getting their gifts sorted and dinner plans finalised.

Gateway Bank has released their latest Mortgage Holders’ Sentiment Report, and it looks like Aussies never tire in their search for better rates.