Westpac CEO Gail Kelly is believed to be concerned that St George customers may move to Bendigo or ANZ as the merger takes hold. Just one St George executive ha.....
CreditMart recently undertook some analysis around interest rates on reward program credit card offers and found that the average interest rate on these cards was 1.....
Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Commonwealth and ANZ banks have followed St George and raised interest rates on their home loans outside of moves by the Reserve Bank. The Commonwealth announced on Friday that its rates would rise by 0.14 per cent while ANZ announced that rates would go up by 0.15 per cent. The rise adds about $30 per month to repayments on an average home loan of $300,000. The Commonwealth said that it was still not covering the additional costs of funding its lending program and warned there may be more rate rises to come. Commonwealth bank said in a statement that it had raised rates by a total 0.51 per cent outside of moves by the Reserve Bank since the credit crunch began last year but that was only about 50 per cent of the costs it was bearing. Commonwealth's standard variable mortgage rate now stands at 9.58 per cent, making it the third highest of the major banks behind St George at 9.67 per cent.
