Bank Account News Archive History

Bank Account News 

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  Australian government turns to austerity

  Budget measures are being taken to cut spending by $11.5 billion. Amongst the biggest cuts are the ‘baby bonus’ and jobs in the public sector.     The baby bonus will be cut from $5,437 to $5,000 from September next ...

  Tue 29th Nov, 2011
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  Rates for home loans and savings could swing again

  The deteriorating situation in Europe has increased the chances of a December interest rate cut.     Australian banks are coming under increasing pressure from the ensuing European debt crisis and have become nervous ...

  Mon 28th Nov, 2011
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  Rising living costs make it difficult to save

  The Mortgage Choice consumer sentiment survey has found that increased living costs were making it difficult for residents of New South Wales to invest in savings accounts.   While residents of New South Wales showed a ...

  Thu 24th Nov, 2011
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  Australian confidence in the economy still strong

  Confidence remains strong among the Australian population, in spite of a weak global economy, a survey by the Credit Union of Australia suggests.   The CUA reports that about 60% of Australians believe that the economy will ...

  Mon 21st Nov, 2011
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  Australian economy to grow steadily

  Despite the cut in growth forecast announced by the Reserve Bank of Australia earlier this month, treasurer Wayne Swan expects the Australian economy to perform steadily and remain at trend.     The Bank cut its growth ...

  Thu 17th Nov, 2011
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  Saving tips for Christmas and beyond

  More Australians are finding that online shopping is proving cheaper than retail stores. Research from the Australian Communications and Media Authority shows that 62% of adult internet users purchased online in the six ...

  Wed 16th Nov, 2011
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  Hope for first-time home buyers versus fear for super funds

  There is hope for those looking for their first home, it has been revealed, but housing costs and low superannuation returns make the overall picture less appealing.   The first-home market is showing signs of recovery, ...

  Mon 14th Nov, 2011
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  Commonwealth Bank issues warning on rates

  Following speculation that central interest rates could be lowered again for the second consecutive month, the CBA suggests that it could be time for banks to rein in.   The Commonwealth Bank has warned that the pressures ...

  Wed 9th Nov, 2011 (1 Comment)
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  More interest cuts needed, and they may come

  Interest rate cuts made by the Federal Bank at the start of November are not enough to help households struggling with housing costs, it is claimed.   A Cost of Living Survey conducted by news.com.au shows that mortgage or ...

  Tue 8th Nov, 2011
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  Superannuation reforms to benefit savings?

  The biggest change to superannuations in 20 years could boost savings for millions of Australians.   The Australian government has made several moves this year to encourage its citizens to save more for their retirement. ...

  Fri 4th Nov, 2011 (2 Comments)
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  Australian Reserve Bank cuts interest rates to 4.5%

  The Reserve Bank of Australia has cut interest rates for the first time since April 2009. The move comes in a bid to boost growth amid fears that the global downturn might begin to take its toll on the Australian economy. ...

  Tue 1st Nov, 2011