In the world of banking, 2020 was a whirlwind. From three RBA rate cuts and the implementation of open banking, to the growth of some neobanks and fall of others, it can all be hard to keep track of. So if you’re left feeling a bit confused about what’s to come in 2021, we’ve got you covered. Here are our top 10 banking buzzwords you’re likely to hear more than once this year.
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Australia has ranked fifth out of 20 OECD countries in a major international test of young adults' understanding of personal finance.
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When it comes to bank accounts you could be forgiven for going with “the devil you know.” But while sticking with what seems easier might be more convenient, it could mean that you wind up missing out on heaps of potentially better deals.
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For the 11th year running, Australians have rated their favourite banks and providers as part of the 2020 Mozo People’s Choice Awards.
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This past weekend Suncorp removed a bunch of fees from its transaction accounts.
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A shocking 40% of renters across Australia are struggling to pay for essentials including bills, food, clothing and transport, new research from the Australian Housing and Urban Research Institute has found.
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As COVID-19 continues to dominate the social and economic landscape of 2020, virtual experiences and transactions are becoming more popular and often essential.Financial institutions have seen a sharp rise in online banking, while growth in online shopping platforms and digital payment methods shows no sign of slowing. But with this rise in digitised spending, scams and other fraudulent activities have also increased.
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When it comes to saving and spending habits, 2020 has been a rollercoaster year of change for many. Australians have had to rethink budgets to manage income loss caused by the pandemic, turn to online shopping during lockdowns and even abandon cash to help stop the spread of COVID-19. In light of this, you might be looking for new ways to make your banking more efficient and help you save for rainy days to come. As more Aussies head online for their banking needs, we’ve laid out some of the innovative banking features to help you make more out of your cash in 2020.
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Do you regularly resort to sneaky Google searches to translate financial terms in the news? Then let this alphabetised glossary of July’s money jargon guide you through the financial section of any morning bulletin or weekend trivia night.
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As the world grapples with the economic fallout of Covid-19, young adults are having to reconfigure their expectations of the future. Whether it’s putting travel plans on the back-burner, studying remotely, or entirely rethinking a career path or source of income, Australian teenagers will have to make some tough choices in the years to come.
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