Volt Bank to cut savings account rate by 0.20%
Neobank Volt has announced that it will be further reducing the interest rate available on its savings account by 20 basis points.
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Xinja unveils share trading platform Dabble
Sydney-based neobank Xinja has today revealed plans to launch its very own share trading platform named Dabble.
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Security with a spin: How Xinja’s creating a secure bank in a digital age
Banking in Australia is changing, and quickly.
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ICYMI: DayTek Capital buddies up with Visa, Alex launches personal loan
No it’s not just you - things have been quiet on the neobank front over the past few months, with just a few rate tweaks and minor feature releases of note. Neobanks have also taken a hit to their media profiles as a result of COVID-19, says media monitor Streem, particularly well known outfits like 86 400 and Xinja.
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86 400 announces Zip partnership, releases PayID functionality
It’s been a busy few weeks for neobank 86 400, with home loan rates cuts in May and now the addition of two new payment features to its banking app.
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ICYMI: Hay launches HayPay, Revolut obtains AFSL and Volt delays loans
It’s been another busy month for Australia’s neobanks and fintechs, with Xinja cutting its Stash account and 86 400 slashing home loan rates. And there have been even more major announcements in the past week, so in case they passed you by, here’s a quick recap.
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Xinja to reduce Stash savings account rate to 1.80%
Sydney-based neobank Xinja Bank will cut the ongoing interest rate on its ‘Stash’ savings account from 2.25% to 1.80% on Monday, May 11.
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ICYMI: Neobanks 86 400 and Xinja secure funding injections, Douugh to hit ASX
With two Reserve Bank cuts, a host of COVID-19 assistance packages and a plethora of changes to rates and products, it’s safe to say that the past month has been a bit of a whirlwind in the Australian banking sphere.
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Neobank Up slashes savings rates to under 2.00%
Up has become the latest neobank to take the axe to its savings offer following the Reserve Bank's most recent cut to official interest rates.
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Are neobanks still top of the savings game after the March RBA cuts?
March has seen some of Australia’s neobanks toppled from their throne after 86 400, Volt Bank and Up all made moves to pass on one or both of the RBA cuts to savers.
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