News archive for February 2025

If you’re not in the financial comparison game like we are here at Mozo, you may be unaware that it’s a lot harder to get a high interest rate on your savings account without some kind of ‘condition’ attached.

Unloan, the digital home loan lender, built by CommBank has once again come out triumphant in the Mozo Experts Choice Home Loan Awards, taking out an award for the third year in the Low Cost Home Loan Category.

Your home is more than just four walls and a roof, it’s where life happens. But between mortgages, insurance, renovations, and energy bills, it can also be where a lot of your money disappears. The good news? A few savvy financial moves can help turn your home into a money-saving haven.

Easter is just around the corner, and whether you’re planning a road trip with the family, jetting off for an overseas adventure, or heading somewhere coastal for some well-earned R&R, one thing’s for sure, preparation is key. Because nothing ruins a holiday faster than unexpected expenses, lost luggage, or sky-high travel costs.

Following the RBA rate cut in February, borrowers and mortgage holders have been eagerly watching the market and considering their options.

If you're looking to invest in term deposits in 2025, but want to balance higher returns with flexible access to your funds, ‘laddering’ could be the strategy you're looking for.

For more than 18 months the Australian government has been weighing a seemingly obvious reform: requiring employers to pay super at the same time they pay wages.

As interest rates continue to dominate the headlines after the Reserve Bank of Australia (RBA) cut the cash rate last week, Mozo’s database has been flooded with a downpour of thousands of rate changes across savings and home loan products.

If you’ve ever felt like your electricity bill is written in a secret code, you’re not alone. Between confusing charges, seasonal rates, stepped pricing, and “loyalty” penalties for not switching, keeping up with energy costs can feel like a full-time job.

This week, the Reserve Bank of Australia (RBA) excited borrowers with a 25 basis point rate cut – a welcome gift for many as households continue to battle the much higher cost of living.

The Reserve Bank of Australia’s (RBA) decision to cut the cash rate by 0.25% at its February meeting may only represent a small saving for some borrowers, but Mozo’s research indicates it could also drive an uptick in home loan refinancing.

The Reserve Bank of Australia (RBA) announced its first rate cut in four years, reducing the cash rate to 4.10% at its February meeting. This move comes on the back of easing inflation, prompting the central bank to shift its approach and offer some relief to borrowers.

From shifting home loan rates to key financial reports, we’re back to cover the money moves that shaped the week at Mozo—and what they mean for your wallet.

Interest rate cuts are on everybody’s mind, but the property and home loan markets never stop. So how can both homebuyers and homeowners get a clearer picture of what’s happening right now?

As COVID concerns are basically non-existent at this point, another risk is rearing its ugly head and catching Australians off-guard as they head overseas - jetsetting without travel insurance.

Two of the Big 4 banks have begun trimming their term deposit rates in step with possible upcoming RBA cuts.

Super Consumers Australia (SCA) has updated its retirement savings targets, refining the numbers it has published since 2022 to reflect the latest data on how retirees actually spend. The benchmarks aim to cut through the industry noise around how much superannuation is “enough.”

Welcome to Mozo Money Moves, your go-to weekly finance wrap, unpacking the latest shifts in Australia’s financial landscape.

Valentine’s Day isn’t just about chocolates and roses, it’s also the perfect time to give your finances a little TLC. Whether it’s treating your savings account to a better interest rate, boosting your super for future you, or breaking up with a home loan that’s not giving you the love you deserve, here are four ways to show your money some affection this February.

There are a number of factors affecting the Reserve Bank of Australia's (RBA) cash rate decisions – which, in turn, impact interest rates. Some stats hold more weight than others, depending on the economic climate. In 2025, the key economic indicators listed below are among the most significant data points that influence monetary policy.

In the coming decade, a unique cohort of Australians will enter retirement - those who have had compulsory superannuation their entire working lives. But many retirees aren’t sure how much they can safely withdraw, leading to cautious spending - or, in some cases, barely spending at all.

The summer holidays are over, the kids are back at school, and it’s time to shift gears into 2025 mode. February isn’t just about settling back into routine, it’s also the month of love! So why not extend that TLC to your finances?