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Bank Account News - August 2010 Archive History

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Bank Account News - August 2010 RSS Feed

  • Banks tell consumers 'to sell rather than grant home loans'
    Consumers are being discouraged from taking out bridging loans, one publication has noted. Banks are refusing home loans to consumers and instead telling them to sell their properties first. A piece in the Daily Telegraph by ...
    Tue 31st Aug, 2010
  • Interest rate rise 'is all but certain'
    The Reserve Bank of Australia will increase the interest rate again this year, economists have predicted. A forthcoming interest rate rise by the Reserve Bank of Australia (RBA) is all but certain to happen by the end of the ...
    Tue 31st Aug, 2010
  • HSBC home loan 'is most competitive in Australia'
    A HSBC home loan has been described as the most competitive on the Australian market by the company's head of mortgages. A new HSBC home loan is the most competitive available on the Australian market.This is according to ...
    Wed 18th Aug, 2010
  • Maintaining interest rate level was "comfortable" move for RBA
    The Reserve Bank of Australia felt "comfortable" maintaining the interest rate level at the beginning of the month, its latest minutes have revealed. Keeping the interest rate at its current level at the start of ...
    Tue 17th Aug, 2010
  • Term deposits competition 'increases as Virgin enters fray'
    Competition for term deposits has increased with the introduction of Virgin, one writer has noted. There is more competition in the term deposit market now that Virgin has entered the fray, according to one financial ...
    Thu 12th Aug, 2010
  • Mortgage lenders 'will ask more questions about home loans'
    Many more questions can now be asked to determine the type of home loan product that someone requires. Mortgage lenders are now able to ask Australians plenty of questions to find out the type of home loan products that ...
    Tue 10th Aug, 2010
  • Home loan figures show "continued weakness" in market
    There is evidence of "continued weakness" in the property market, one industry expert has noted. Economist revealed that commitments for home loans have reached new lows.A piece by the Australian Associated Press ...
    Mon 9th Aug, 2010
  • RBA interest rate decision 'is welcome relief for many households'
    Many households have welcomed a decision to maintain the interest rate, the treasurer has noted. The decision by the Reserve Bank of Australia (RBA) to maintain the interest rate at 4.5 per cent has been welcomed by a lot of ...
    Wed 4th Aug, 2010
  • Calculate monthly home loan repayments on Commonwealth iPhone app
    A Commonwealth Bank iPhone app will enable users to calculate estimated home loan repayments. Commonwealth Bank consumers who own an Apple iPhone can now download an app that will allow them to calculate monthly home loan ...
    Wed 4th Aug, 2010
  • Currencies are like term deposits, expert says
    Australia has some of highest interest rates around, according to one writer. Currencies are similar to term deposits in that money should flow into the best offering, according to one industry expert.David Potts, writing for ...
    Tue 3rd Aug, 2010
  • RBA leaves interest rate unchanged at 4.5%
    The official interest rate is set to remain at 4.5 per cent, the Reserve Bank of Australia has announced. The Reserve Bank of Australia (RBA) has announced that it is maintaining the interest rate at 4.5 per cent.Glenn ...
    Tue 3rd Aug, 2010
  • Extra $77 billion in Aussie bank accounts, figures show
    An extra $77 billion has been put into bank accounts in Australia since the credit crunch, according to recent figures. Since the credit crunch there has been an additional $77 billion put in to Aussie bank accounts, latest ...
    Mon 2nd Aug, 2010
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