Stay warm in Winter without the energy bill burn, plant-based debit cards & shopping locally: This week’s best banking news

Stay warm in Winter without the energy bill burn, plant-based debit cards & shopping locally: This week’s best banking news
  • Stay warm in winter without the energy bill burn
  • Judo Bank: Highest term deposit rates in the Mozo database
  • ING announces fixed-rate home loan changes
  • Plant-based is the new plastic
  • More than 50% of Aussies shop locally
  • Where to find an online personal loan

All in this week’s best banking news recap: editor’s pick.

Keep warm this winter without the energy bill burn

It’s time to whip out that Oodie and slip on those Uggies, cause we’re only a few days out from winter folks! But that’s not all that needs to be done…

There’s nothing worse than having the chilly season sneak up on you without having a game plan in place to help keep your energy bill in check.

Whether you’re blessed with central heating or a good old fashioned gas heater, now’s the time to review your current energy plan and potentially switch to a better deal before the prices go up on July 1st. You can compare energy plans over here to get you started.

Read the full article: How to get on top of your energy bill this winter so you can keep warm and still avoid that high energy bill burn.

Judo Bank offers the highest term deposit rates in the Mozo database

Considering how term deposit rates have looked over the past few years (not good) thanks to the six RBA rate cuts we faced throughout 2019 and 2020, any news is good news when it comes to term deposits if we do say so ourselves.

That being said, neobank Judo Bank has just come out with the highest term deposit rates in the Mozo database (at this point in time) for its 3-month, 6-month, 9-month, 1 year, 2-year, 3-year, 4-year and 5-year terms, with rates as high as 1.60% p.a.

Read full article: Judo Bank - The bank you’ve never heard of that’s hitting term deposits out of the park to get the tea.

ING announces fixed-rate home loan changes

ING announces fixed-rate home loan changes

This just in: big-name Aussie home loan lender ING has just announced a whole bunch of changes to its fixed-rate home loans.

These changes (which came into effect on May 26 2021) include the introduction of tier-based pricing according to loan-to-value ratios (LVRs), as well as a range of different rate cuts and increases.

Read the full article: ING moves on fixed home loan rates to get the full rundown on all of ING’s new changes.

Plant-based is the new plastic

Taking sustainable banking to a whole new level, Gateway Bank kicks plastic to the curb with its brand new plant-based debit card - (say what?!)

That’s right! This new Eco Debit Card is a first of its kind in Australia and is predominantly made up of Polylactic Acid (PLA), which comes from fermented plant starches like cassava, corn or sugarcane.

Read the full article: Gateway Bank trades plastic for cornstarch with new plant-based Eco Debit Card to learn all about this quirky new card.

More than 50% of Aussies shop locally

More than 50% of Aussies shop locally

According to new data from CommBank’s first-ever Consumer Insights Report, more than 50% of Aussie shoppers opt for homegrown.

The report assessed how the COVID-19 pandemic has impacted Australian consumers and explored Aussie spending habits, thus revealing that more consumers are choosing to shop locally as opposed to from overseas businesses.

Read the full article: More Aussie shoppers spending locally and digitally finds CommBank for a full breakdown of the report.

Where to find an online personal loan

It’s 2021, which means that everything we do nowadays is online, and banking is no exception. More and more people are leaving their wallets at home and reaching for their digital wallets instead.

But it doesn’t stop there. Did you know that you can take out a personal loan online? Yup! Take one look at the Mozo database, and you’ll find a tonne of personal loans that can be applied for, paid out and paid off all via the wonderful world wide web!

And it’s not just about the convenience. Many of these online loans offer below-average interest rates.

Read the full article: Where can I get an online personal loan? to find out how to bag a good online personal loan all from the comfort of your own home.

Looking to take out an online personal loan? Then start comparing now with our free personal loan comparison tool below:

Compare Online Personal Loans today - rates updated daily

Search promoted personal loans below or do a full Mozo database search. Advertiser disclosure.
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* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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