Interest rates news and advice

All the latest news on interest rates in Australia.

Money moves 06 dec 2024

Mozo Money Moves: CBA fee drama explained, while RBA likely to keep rates steady

This week, there's been a mix of big moves and important updates for Aussie consumers. The Commonwealth Bank hit pause on controversial account changes after facing a major backlash over assisted withdrawal fees. Meanwhile, the Reserve Bank is expected to leave the cash rate unchanged as 2024 wraps up.

Money moves 22 nov 2024

Mozo Money Moves: Westpac forecasts rate cut delays, ANZ trims home loans and Commbank debuts ‘rate range’ for credit cards

This week, several major banks have made notable moves in the Australian financial landscape, as Westpac revised its forecast on when the Reserve Bank of Australia (RBA) may start cutting interest rates. Meanwhile, ANZ moved to reduce rates on one of its popular variable rate home loans, offering some relief to borrowers. The bank also hit a milestone in the number of depositors for its digital banking platform, ANZ Plus.

Money moves 15 nov 2024

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

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.