Mozo Money Moves: Sticky inflation, controversial buffers and unsung heroes
Welcome back to Mozo Money Moves, your Friday finance fix covering the latest in pricing changes across the Australian retail banking industry.
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Mozo Money Moves: Westpac forecasts rate cut delays, ANZ trims home loans and Commbank debuts ‘rate range’ for credit cards
This week, several major banks have made notable moves in the Australian financial landscape, as Westpac revised its forecast on when the Reserve Bank of Australia (RBA) may start cutting interest rates. Meanwhile, ANZ moved to reduce rates on one of its popular variable rate home loans, offering some relief to borrowers. The bank also hit a milestone in the number of depositors for its digital banking platform, ANZ Plus.
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Mozo Money Moves: NAB surprises borrowers and Bankwest pulls the plug as green finance grows
With the end of the year fast approaching, the retail banking landscape is showing no signs of slowing down. This week, NAB cut its variable rates and revised its forecast, while term deposit providers continue to vie for the top spot and Bankwest stopped accepting new personal loan applications. A new green loan offering more options for eco-conscious ING mortgage holders was launched, and Mozo announced the winners of its Energy Awards, including Australia’s Best Green Electricity Provider.
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Mozo Money Moves: RBA holds steady, but banks keep shifting rates, fees, and rewards
This week was another big week in personal finance, as the Reserve Bank of Australia (RBA) met for their second last meeting of 2024. Despite a cash rate hold, banks have continued to shift rates, fees and rewards offers on the Mozo database.
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Mozo Money Moves: CBA changes forecast, ANZ cuts again and deposit rate leaders shift
Welcome back to Mozo Money Moves, your weekly finance wrap which dives into the latest pricing changes in the Australian retail banking landscape.
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Mozo Money Moves: Challenge to APRA Buffer as Rate Cuts Roll On—Plus, Best Super Revealed
This week’s bumper edition covers the continuation of cuts to term deposits and home loan fixed rates across the Mozo database, as lenders grow more optimistic about the future of interest rates.
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Mozo Money Moves: CommBank doubles down on RBA rate cut call as fixed-rates and term deposits plunge
Welcome back to Mozo Money Moves, your weekly finance fix where we dive into the latest changes in personal finance products. This week CommBank doubled down on its Reserve Bank of Australia rate cut call, the Mozo database tracked more fixed rate home loan cuts, term deposit rates continued to fall, and Macquarie boosted its savings account offer.
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Mozo Money Moves: Big Four Banks slash fixed rates as Judo hikes term deposits to steal top spot
Welcome back to Mozo Money Moves, your weekly finance fix where we dive into the latest changes in personal finance products. This week saw a number of fixed rate changes from the Big Four, including changes to personal loan fixed rates and home loan fixed rates, as well as a continuation of the tumbling term deposit rates we have been tracking on the Mozo database, apart from one bank that decided to hike to steal top spot.
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Mozo Money Moves: Big Four rates shift for savers as Macquarie home loans take the lead
This week was another bumper week tracking movements in personal finance products, starting with the Mozo Banking Roundup for September 2024 on Monday, which dived into the flurry of cuts across fixed rate home loans and term deposits.
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Mozo Money Moves: Hundreds of fixed rates and term deposits tumble like a house of cards
This week, the RBA held the cash rate steady at 4.35% as fixed rates and term deposits continued to tumble. ANZ Plus also extended its home loan cashback offer and the Mozo research team tracked the shift in term deposit averages and leading rates since the start of the year, after Commbank slashed rates.
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