In Australia, personal loan lenders advertise a range of interest rates (e.g., 6.99% p.a. to 19.99% p.a.) because the actual rate a borrower gets depends on their individual risk profile. Here’s why that happens: Your Risk Profile Lenders assess how risky it is to lend to you. The lower the risk, the lower the interest […]
Why do personal loan lenders have a range of interest rates? Read More »
If the USA imposed large tariffs on most countries globally, the result would be a major economic shock with widespread consequences: In the USA Consumer Prices Rise (Inflation): Higher tariffs would increase the cost of imported goods, pushing up consumer prices, especially for electronics, clothing, and other goods reliant on global supply chains. Producer Costs
Trump’s Tariff Economic Shock Read More »
If you don’t know what the SPIVA Australia Scorecard is then let me tell you. It’s an eye opening nugget of critical information for those that invest into managed funds. It shows that the vast majority of managed funds…. wait for it….. do NOT outperform the index they are measured against. The results do vary
SPIVA Australia Scorecard 2023 Results – Active vs Passive Report Card Read More »
Domestic demand is being targeted by the RBA in an attempt to rein in price increases caused by external issues. “Global factors explain much of this high inflation, but strong domestic demand relative to the ability of the economy to meet that demand is also playing a role.” RBA Media Release It seems unfair to
RBA punishes consumers to fight inflation caused by external factors Read More »
On the 5th of April 2013, the government announced that it would now take superannuation accounts with balances up to $2,500, if they were deemed “lost” from 31 May 2013. If and when you get around to claiming these funds, they will reward you by applying an interest rate equivalent to the Consumer Price Index
Is the Government stealing Your Superannuation? Read More »
The Australian Securities and Investments Commission (ASIC) have released a calculator that helps you compare your current home loan situation with taking out a new home loan.
Mortgage Switch Calculator Read More »
Usually the banks pass on interest rate rises to their various savings accounts within a few days of the RBA rate rise, however due to the turbulence created by the CBA increasing their home loan rates by 0.45% compared to the RBA 0.25% most of the other banks have held back before releasing their rate increases. Finally all the rate rises are in.
The following table shows the rate increases for Australian banks whom have an indentifiable high interest savings account suitable for Self Managed Super Funds (DIY Super).
SMSF Savings Account Interest Rate Update Read More »
When the RBA raised cash rates in early November the major banks increased their savings account interest rates by the same amount but their home loan rates by much more. We show you where you can find a much higher savings accounts from other banks.
High Interest Savings Account November Update Read More »
When the Reserve Bank of Australia increased cash rates by 0.25% on Melbourne Cup Day 2 November the Commonwealth Bank immediately responded by increasing its standard loan rates by 0.45% to the fury of Australians everywhere. ING Direct responded by immediately offering $1,000 to anyone who refinanced their mortgage through them before 30 June 2011 if you registerd by 30 November 2010. The remaining banks waited for the furore to die down before announcing that they too were increasing rates by greater than the RBA 0.25%. Here are the rate increases by the Big Four Banks and ING Direct.
Home Loan Interest Rate Rises Read More »
ING Direct are offering a $1,000 incentive to switch your home loan to ING Direct. You must register your interest before 30 November 2010 and complete any refinance by 30 June 2011. Click here for more details.
ING Direct $1,000 Home Loan Offer Read More »
