The RBA reduced the Reserve Bank Cash Rate down to 1.00% at the beginning of July 2019.
Most banks have indicated they will bring their rates down, but not all at the full 0.25%.
UBank
Ubank are passing on the full rate … Read the rest
The RBA reduced the Reserve Bank Cash Rate down to 1.25% at the beginning of June 2019, and most banks followed by reducing their Interest rates on Home Loans.
Some examples are shown below:
(Note: One bank that only reduced by 0.22% … Read the rest
The Big Four Banks in Australia are: Australia and New Zealand Bank [ANZ], Commonwealth Bank [CBA], National Australian Bank [NAB] and Westpac [Wetspac]
I have personally found that the NAB is an easier bank to open an account … Read the rest
NAB are in the news stating that they will increase their Standard Variable Loan Interest Rate to 5.36% effective from January 31st 2019.
Headlines and stories such as this, have some people worried:
From 1 January 2019, ATM transactions at rediATMs will no longer be free for UBank customers.
This is according to a recent email notification.
Ubank customers have previously had free transactions at rediATMs.
UBank is a division of National Australia Bank Limited (NAB)
The average outstanding balance of credit cards attracting interest charges in December 2017 was $1,903. This is the lowest December balance since 2004.
The average Credit Card spend per month, per card, was $1,716 in December 2017.
The average Credit Card transaction value … Read the rest
When a payment is made by Credit Card to pay a bill, the Credit Card provider makes a charge to cover their costs. This charge is sometimes built in to the basic price, or it can be added on to a normal … Read the rest
On 24th September 2017, the CBA, Westpac, ANZ and NAB announced the removal of fees incurred on their ATM’s when used by non bank customers.
NAB has today announced it will remove ATM withdrawal fees for … Read the rest
Some of the Australian banks issue credit cards without an annual fee, some only give the first year free, as an incentive to sign up, but others offer lifetime free.
First Year Annual fee: $0 p.a.… Read the rest
The average outstanding balance of credit cards attracting interest charges in December 2016 was $1,914. This is the lowest December balance since 2004.
The average Credit Card spend per month, per card, was $1,705 in December 2016.
The average Credit Card transaction value … Read the rest
