Term deposits, home loans and rewards credit cards. It’s certainly been another busy week in the world of Australian banking. Here's a run-down of the latest ups and downs across the financial landscape.
Both the Commonwealth Bank and ANZ have announced interest rate hikes on their variable home loan ranges today, in a trend that sees the big banks cave to funding pressures and pass added costs onto customers.
Despite being one of many lenders who lifted variable rates across its home loan products, this week big bank Westpac reduced its short term fixed home loan rate to just 3.99% p.a. (4.77% comparison rate*).
As interest rates across the home loan market continue their downhill slide, UBank has announced a historic move, slashing its one and three year fixed home loan rates down to 3.69% p.a. (4.15% and 4.00% comparison rates, respectively*) - the lowest rate the lender has ever offered.
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2020 may be the year of the rat, but it seems Aussies with this zodiac aren’t the only lucky ones.
While things typically tend to slow down toward the end of the month for many, it looks like mortgage lenders big and small have kept busy by releasing their latest deals and rate cut specials for investors and first home buyers.
It looks like Aussies are more eager than ever to buy a home, according to new data from the Commonwealth Bank.
Whether you’re thinking of adding another investment property to your portfolio or are looking to snatch up your first home this year, the latest decision from MOVE Bank may be welcome news for you.
Earlier this week, Westpac announced it will be granting additional support to customers who have been impacted by the bushfires currently spreading across New South Wales and Victoria.