Bank Account News Archive History

Bank Account News 

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  Report shocks as figures reveal poverty rates

  A report card on poverty has revealed that Australia's retirees are the 4th poorest in the developed world, and our unemployed people are the poorest. A report card on poverty has revealed that Australia's retirees are the ...

  Thu 23rd Oct, 2008
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  Lower Interest rate campaign begins

  Aussie Home Loans and NAB have followed the trend recently set to cut interest rates, which came after ANZ changed its rates independent of the Reserve Bank for the first time in over ten years.   Aussie Home Loans and NAB ...

  Tue 21st Oct, 2008
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  Global shares continue to plummet

  Tokyo's Nikkei stock index dropped more than 11% today, the largest decline in 20 years and the second-biggest percentage loss ever, as increasing concerns of a global recession hit world markets. Tokyo's Nikkei stock index ...

  Thu 16th Oct, 2008
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  Massive fall for world-wide shares

  Local stock markets encountered the worst fall over the course of a single day since 1987, with close to $95 billion disappearing from the market today alone. Local stock markets encountered the worst fall over the course of ...

  Fri 10th Oct, 2008
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  Australians race to save cash

  Anxious Australians have been saving billions of dollars in an attempt to prepare themselves for a potential recession. $30 billion in cash was deposited into savings accounts over the last six months - a trend that banks are ...

  Thu 9th Oct, 2008
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  RBA cuts official interest rates by 100 basis points

  The Reserve Bank of Australia (RBA) has cut interest rates by a full percentage point to 6 percent in an effort to prevent the Australian economy from falling victim to further trouble from the global financial crisis. The ...

  Thu 9th Oct, 2008