Guide to interest rates

What is shrinkflation?

What is shrinkflation?

Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.

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Has Australia hit the interest rate peak? What an RBA hold means for deposits and home loans

Has Australia hit the interest rate peak? What an RBA hold means for deposits and home loans

The Reserve Bank of Australia has held interest rates steady for two months in a row. Inflation has slowed meaningfully enough for the central bank to wait and see for now, which is great news for those struggling under the weight of rate hikes.

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What is the cash rate and how does it affect you?

What is the cash rate and how does it affect you?

Official interest rates, also known as the cash rate, have been the source of countless news stories in recent years, with each movement generating plenty of chatter about the state of the economy, monetary policy, and the general direction it’s all heading.

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Annual interest rate

Annual interest rate

There are a lot of things you need to research and consider before making any kind of financial decision. One of those is your interest rate.

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Calculate interest on loan

Calculate interest on loan

When you take out a loan, whether it’s a car loan, home loan or amount on a credit card, you’ll have to pay back both the amount you borrowed and interest on top of it. But what do we mean by that?

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Fixed interest rate

Fixed interest rate

The flip side of variable interest rates, fixed interest rates are one of the two main types of interest you’ll come across when choosing a loan or bank account.

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Variable interest rate

Variable interest rate

Mozo has compiled this handy guide to give you the rundown on the facts, features, pros and cons of variable interest rates.

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What is a comparison rate and how is it calculated?

What is a comparison rate and how is it calculated?

When shopping for a home loan, you’ve probably noticed something called a comparison rate sitting beside the interest rate. But what is the difference between the two? Why is the comparison rate important?

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Got a loan or deposit? Compound interest calculator explained

Got a loan or deposit? Compound interest calculator explained

Rainy day funds are essential, and earning interest is a fantastic and easy way to give them a boost. But how do the banks calculate your interest payments?

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What are interest rates?

What are interest rates?

Good question. An interest rate is a fee you're charged for borrowing money, expressed as a percentage of the total amount of the loan.

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