Welcome back to your weekly personal finance wrap Mozo Money Moves, which looks at the key changes to rates, fees, offers and conditions in personal finance.
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After a short hiatus, Mozo Money Moves is back to wrap up the latest in personal finance, looking at the key changes made to rates, fees, offers and conditions.
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This week, Mozo released its bumper first edition of the Mozo Banking Roundup for 2024, which looked at the trends and rate moves across key personal finance products in December 2023 and January 2024.
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This week’s edition of Mozo Money Moves is coming to you a day early, due to the public holiday tomorrow, and despite the fact that January is a notoriously quiet month for interest rate moves, there seems to be a few trends emerging.
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Welcome back to Mozo Money Moves, your weekly snapshot of the latest banking news and interest rate moves in personal finance.
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Welcome to the first edition of Mozo Money Moves for 2024. This weekly snapshot rounds up the latest in banking and interest rate news, sharing any key banking and rate changes in personal finance.
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Banks may have some favouritism regarding which interest rates they hike, according to the latest analysis from Mozo.
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Home loan pain is reaching a fever pitch following the November RBA rate hike. Out of all the mortgage lenders that have increased their interest rates, Mozo has recorded 7 in our database whose standard variable rates (SVRs) are now over 9%. The rest mostly sit between 6% and 8%.
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Savings account interest rates took a tumble in October, continuing the trend of quiet cuts we saw in September.
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The last two months have seen a pause in the Reserve Bank of Australia’s rate-tightening cycle. With the cash rate held at 4.10%, lenders haven’t faced additional pressure to hike interest rates on their home loans – bringing some relief to mortgage payments. Or so we thought.
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