Official cash rates were left on hold last month. The Reserve Bank wasn't so clear this time about its openness to another rate cut but, at the time of going to the printers, some economists were predicting that the next move would be up rather ...
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Cash rates in Australia have been reduced from 4.5% five years ago to a current low of 2%. Mortgage rates have more or less been reduced but focus of late has switched to credit cards, where there has not been a corresponding downwards move. This has ...
Thanks to technology, our mobile devices now do so much more than just connect calls. There are about 1.7 billion smartphones in use around the world and last year consumers spent $US325 billion ($438 billion) in mobile transactions. The mobile phone ...
Although the eyes of the world are on Greece with its potential to undermine confidence in the eurozone, the unravelling of the Chinese sharemarket could have far greater implications for our economy. Up to last Friday, the Shanghai Composite Index ...
I recently tried to put some money on term deposit in California, where my family enjoys holidaying each year. At the local Chase Bank branch I asked the young lady behind the counter about rates for a six-month term deposit. She looked at me blankly. ...
If you're about to get an investment property loan, be prepared to either pay a little more in interest or have a fatter deposit if you are dealing with an authorised deposit-taking institution (ADI). ANZ, for example, has withdrawn interest rate ...
Global financial markets are nervously waiting for an outcome from the Greek debt crisis. Greece's June 30 deadline has been and gone, with no deal in sight between Greece and its official creditors. Its previous bailout agreement with the European ...
We all seem to get enthusiastic about our finances as June 30 approaches, but then we rapidly lose interest. Mind you, I do understand that money can be complex and tedious and we never seem to have enough of it. But the best time to tackle money is ...
Would you like to earn the high returns banks and other major lenders make from personal and other loans? Yes? Then look no further than peer-to-peer (P2P) lending, a form of fixed-interest investing relatively new to Australia. "It's like having a ...
One of the best ways to teach kids about money is to get them saving and introduce them to a kid's account. There is now one more account on the market for youngsters to choose. Teachers Mutual Bank has a new account, the Mighty Saver, designed ...
