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Bank fees cost $50/week
12 April 2010 |
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| Bank fees are costing the average Australian about $50 per week says new research from the Australia Institute. Even low income earners, (on $50,000 and below) are paying almost $30 per week in bank fees and charges.In 2009, the Commonwealth Bank, Westpac, National Australia Bank and ANZ racked up $35 billion in profit. Bank charges being passed on by businesses in their prices to customers could be costing households more than $50 a week according to the research.In the year to September 2009, banks earned fees and commissions worth $19.829 billion. The Australian Bankers Association disputed much of the report and said bank profits were largely derived from superannuation, insurance, institutional transactions, and offshore activity. |
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| Source : Herald Sun |
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| 30 April 2010 | - Housing shortage to get worse |
| | - Aussie consumers confident again |
| | - Backlash against Woolies over debit cards |
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| 29 April 2010 | - High inflation may lead to May rate rise |
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| | - Older people like First Home Saver Accounts |
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| 28 April 2010 | - Pensioners get big pay rise |
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| 27 April 2010 | - May rate depends on inflation |
| | - Foreigners kicked out of housing market |
| | - Inner Melbourne homes soon worth $1M |
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| 23 April 2010 | - First home buyers stressed out |
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| 22 April 2010 | - May rate rise now looks likely |
| | - ANZ online saver lags behind |
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| 21 April 2010 | - Lenders tighten up as debt stress booms |
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| | - Big banks deliver rate rise to savers |
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| 20 April 2010 | - Banks competing for kid’s deposits |
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| | - Price of land going up up up |
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| 19 April 2010 | - Melbourne auctions going gangbusters |
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| 16 April 2010 | - New tax break for savers |
| | - No eftpos choice at Woolworths |
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| 15 April 2010 | - UBank savings rates fall back in line |
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| | - ANZ offers refunds for ATM problems |
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| 14 April 2010 | - Deposit rates still at record highs |
| | - Chance of May rate rise declines |
| | - No housing bubble in Australia |
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| 13 April 2010 | - Beware old Eftpos machines |
| | - Less home loans being sold |
| | - Mortgage rates to hit ten per cent |
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| 12 April 2010 | - Auctions continues to produce results |
| | - Cash advance fees up to $20 |
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| 09 April 2010 | - Another rate rise tipped for May |
| | - Regionals pass on RBA rate rise |
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| 08 April 2010 | - Online savers miss out on rate rises |
| | - Investors returning to property |
| | - Competition returns to mortgage market |
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| 07 April 2010 | - Mortgage rates up over seven per cent |
| | - Rates to keep going up up up |
| | - Deposit rates go up |
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| 06 April 2010 | - Banks may raise rates again |
| | - NAB says no to big rate rises |
| | - House prices must cool off soon |
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| 01 April 2010 | - House prices go up up up |
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