Whenever the Reserve Bank of Australia (RBA) lifts the official cash rate, lenders and banks take it as a cue to hike their variable interest home loans, too. But while they’re normally a little slower to do the same with savings accounts, we’re finally beginning to see some welcome rises.
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Suncorp making an agreement to sell its banking business to ANZ for $4.9 billion raises all sorts of questions.
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Your bank has access to your most important personal information and your money, so being able to trust them is oh-so-important. With trust accounting for 75% of a brand’s reputation, it’s also important that your bank is able to secure your trust.
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The Australian Prudential Regulation Authority (APRA) has officially authorised the first Australian Islamic bank to have a restricted deposit-taking license under the Banking Act.
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According to The World Bank, the COVID 19 pandemic “spurred financial inclusion.” The2021 release of The Global Findex Database found that during the pandemic, many people around the world opened their first bank account and influenced people to turn to digital payment methods for the first time.
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Volt Bank announced it is closing shop, telling customers they need to clear out their funds by July 5, 2022.
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Over the years, customer-owned banks have become an increasingly popular alternative to the big banks. For the fourth year in a row, Qudos Bank has proven to be one of the best choices around, winning the title of Australia’s Best Customer Owned Bank in the 2023 Mozo Experts Choice Awards.
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Over the years, we’ve seen a rise in mutual banks as an alternative to big banks. And now Gateway Bank has been recognised as one of the best choices, winning the Best Small Mutual Bank award.
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If you’re like the vast majority of Australians, you probably bank with one of the Big Four, i.e. CommBank, NAB, ANZ, or Westpac. But which major bank is the best?
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For the fourth year in a row, ING has taken home a major win in the Best Bank category of the Mozo Experts Choice Banking Awards. Huzzah!
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