News Archive

ANZ has announced changes to its Online Saver account rates. While the overall introductory rate remains unchanged, there are shifts in how this rate is structured that savers should be aware of.

This week’s Mozo Money Moves dives into the first online savings rate cut from a Big Four bank since November last year, the arrival of the lowest fixed home loan rate in over a year - that starts with 4 - and a flurry of term deposit rate cuts coming through the Mozo database.

In Australia, the rising cost of living, skyrocketing property prices, and financial pressures on younger generations have many parents reconsidering the traditional idea of leaving an inheritance only after they’ve passed away. Whether it’s helping with a home deposit or supporting them with their studies, giving your inheritance early could make a huge impact on your family’s future.

South West Slopes Bank (SWSbank) has unveiled the lowest fixed rate home loan that Mozo has tracked in over a year.

Ah, your 20s… a decade of freedom, fun, and plenty of life lessons. But let’s be real, when it comes to money, most of us could’ve used a bit more guidance. Whether you’re in the thick of your 20s or reflecting back on those carefree days, the financial decisions you make during this time can set the stage for decades to come. So, what would I tell my 20-something self? Here’s the financial wisdom I wish I knew back then.

ASIC’s Moneysmart recently convened a roundtable to work out why younger generations are feeling in the dark about their superannuation. Hint: funds just aren’t speaking the same language. And their comms skills? Mid at best.

In this week’s Mozo Money Moves, our team digs into the latest data that shows average home loan sizes have once again reached record-highs, we look at a number of home loan rate cuts from lenders big and small, and analyse how Aussies’ obsession with houses over units is costing them more than they realise.

CommBank reduced interest rates for borrowers on its Extra Home Loan and CommBank Wealth Package recently, positioning these loans more favourably against the averages in the Mozo database.

Even the best of us can make banking blunders from time to time. Whether you’re just starting your financial journey or you’ve been around the block a few times, steering clear of these common mistakes can help you keep more of your hard-earned cash where it belongs – in your account.

Australians are obsessed with houses, despite units being up to 32% cheaper and offering potential interest savings of up to $274,405 on their home loans.

I’ll admit it, I’m a big spender. I regularly splash out on the latest kicks (especially during sale season), eating out, weekends away and buying my kids toys they definitely don’t need. But all this spending has got me thinking, surely I’m not the only person in Australia with a spending problem?

The number of people looking for a helping hand when buying a property has increased in 2024, despite more buyers going solo.

“Hey Siri, play ‘September’ by Earth, Wind and Fire!”