Banking

Reserve Bank set for shake-up after review

Jamie Williamson

A major overhaul is in store for the RBA, with a widely anticipated review putting forth 51 recommendations, including to how cash rate decisions are made.

Friends With Money #95: Your savings maximiser

Tom Watson , Alison Banney

Rising rates have breathed life back into savings accounts, but where can savers get the best return? Finder's Alison Banney joins us on Friends With Money.

Rate reprieve: Reserve Bank holds cash rate at 3.60%

Tom Watson

Australian homeowners with a mortgage can breathe their first sigh of relief in 11 months following the Reserve Bank board's decision to maintain the cash rate at 3.60% at its April meeting.

UBS to buy Credit Suisse to avoid banking system collapse

Eliot Hastie

Multinational investment bank UBS is set to purchase rival Credit Suisse in a bid to rescue the embattled lender.

Tenth straight RBA hike pushes cash rate to 3.60%

Tom Watson

The RBA has hiked the official cash rate to 3.60%, its highest point since May 2012, as mortgage stress worsens across the country.

Being loyal to your lender could cost you $119k

Tom Watson

Australian mortgage holders are paying a high price for their loyalty, with lenders saving their best rates for new customers.

Savings accounts vs offset: Where to stash your cash

Eliot Hastie

As interest rates continue to rise, where can homeowners with some extra cash get the best return on their money: a high-interest savings account or offset?