Interest rates news and top tips

Mozo Money Moves: NAB surprises borrowers and Bankwest pulls the plug as green finance grows

Last updated Friday, 15 November 2024

With the end of the year fast approaching, the retail banking landscape is showing no signs of slowing down. This week, NAB cut its variable rates and revised its forecast, while term deposit providers continue to vie for the top spot and Bankwest stopped accepting new personal loan applications. A new green loan offering more options for eco-conscious ING mortgage holders was launched, and Mozo announced the winners of its Energy Awards, including Australia’s Best Green Electricity Provider.

Mozo Money Moves: RBA holds steady, but banks keep shifting rates, fees, and rewards

Last updated Friday, 8 November 2024

This week was another big week in personal finance, as the Reserve Bank of Australia (RBA) met for their second last meeting of 2024. Despite a cash rate hold, banks have continued to shift rates, fees and rewards offers on the Mozo database.

Mozo Money Moves: CBA changes forecast, ANZ cuts again and deposit rate leaders shift

Friday, 1 November 2024

Welcome back to Mozo Money Moves, your weekly finance wrap which dives into the latest pricing changes in the Australian retail banking landscape.

Mozo Money Moves: Challenge to APRA Buffer as Rate Cuts Roll On—Plus, Best Super Revealed

Last updated Friday, 25 October 2024

This week’s bumper edition covers the continuation of cuts to term deposits and home loan fixed rates across the Mozo database, as lenders grow more optimistic about the future of interest rates.

Mozo Money Moves: CommBank doubles down on RBA rate cut call as fixed-rates and term deposits plunge

Friday, 18 October 2024

Welcome back to Mozo Money Moves, your weekly finance fix where we dive into the latest changes in personal finance products. This week CommBank doubled down on its Reserve Bank of Australia rate cut call, the Mozo database tracked more fixed rate home loan cuts, term deposit rates continued to fall, and Macquarie boosted its savings account offer.

Mozo Money Moves: Big Four Banks slash fixed rates as Judo hikes term deposits to steal top spot

Friday, 11 October 2024

Welcome back to Mozo Money Moves, your weekly finance fix where we dive into the latest changes in personal finance products. This week saw a number of fixed rate changes from the Big Four, including changes to personal loan fixed rates and home loan fixed rates, as well as a continuation of the tumbling term deposit rates we have been tracking on the Mozo database, apart from one bank that decided to hike to steal top spot.

Mozo Money Moves: Big Four rates shift for savers as Macquarie home loans take the lead

Last updated Friday, 4 October 2024

This week was another bumper week tracking movements in personal finance products, starting with the Mozo Banking Roundup for September 2024 on Monday, which dived into the flurry of cuts across fixed rate home loans and term deposits.

Mozo Money Moves: Hundreds of fixed rates and term deposits tumble like a house of cards

Friday, 27 September 2024

This week, the RBA held the cash rate steady at 4.35% as fixed rates and term deposits continued to tumble. ANZ Plus also extended its home loan cashback offer and the Mozo research team tracked the shift in term deposit averages and leading rates since the start of the year, after Commbank slashed rates.

Mozo Money Moves: 132 fixed rate cuts, Westpac cuts its savings rate and a push for early super access

Last updated Friday, 20 September 2024

This week, as the Federal Reserve followed other global central banks in cutting interest rates, Mozo tracked the highest savings rate in over 11 years, a savings cut from Westpac, 132 cuts to fixed rate home loans and uncovered new insights into Australians’ desire to dip into their superannuation early.

Mozo Money Moves: ANZ shifts focus as Term Deposits drop and a fixed rate starting with 4 pops up

Friday, 13 September 2024

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.

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