A report released by Choice and financial comparison site Mozo reveals the big four banks have made $2.07 billion from credit card interest since 2011.
interest rates
Showing 281 to 290 of 310 results tagged interest rates:
Borrowers have little to lose if they lock in their mortgage with fixed rates so low. If you expect two rate hikes of 0.25% each over the next four to five years, then locking in a long-term loan is a good idea.
Although the cash rate is only 2%, credit card interest rates remain stubbornly high. Are we being ripped-off or is it reasonable?
Shareholders have access to an attractive source of income in times of low interest rates - but there are risks, explains Greg Hoffman.
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 ADI.
Interest-only loans are a popular option for property investors but with rates at historical lows it might be time to rethink this approach.
Despite the RBA cutting the cash rate to a record low of 2% in May, credit card interest rates have hardly moved so why not switch to a low-fee credit card.
Experts react to the RBA board's decision to cut the cash rate by 25 basis points to a new historical low of 2%, effective from May 6, 2015.
Official interest rates have come down so are you paying too much for your banking?
Rates have been too high for too long and the RBA move has awoken us to the possibility that our cash and bond rates should be zero to 1% too - and are on their way there.
