ME Bank has come under fire after customers received letters telling them the redraw balances on their mortgages had been significantly cut without any warning.
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An Australian investment manager has urged the big four banks to continue paying dividends, propping up APRA's suggestion to use underwritten dividend reinvestment plans (DRPs) to meet the needs of the nation's retirees.
The big four banks have been ordered to reduce their dividend payments, which will take its toll on SMSF trustees, super funds, and other income investors.
Worried about getting behind on your payments and seeing a black mark on your credit score? Contact the bank but don't stress, says Mike Laing from the Australian Retail Credit Association.
In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% on March 19.
Having your identity stolen is more than just sorting out suspicious credit card charges. It could harm your chances of getting a car loan or buying a home.
If you're self-isolating during the pandemic, here's how to take this time at home to catch up on your financial admin.
Why is it important not to overlook lenders mortgage insurance? What's the risk of cross-securitising properties? Here are five mortgage traps to avoid.
If you're one of the 80% of mortgage holders who stick with the big bank they know but usually don't love, you could be throwing away tens of thousands of dollars.
If you've been supposedly saving for a deposit for years without making much progress, it's time to give yourself a deadline.
