If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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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.....
First home buyer accounts launched 22 September 2008
ANZ, Commonwealth and AMP Bank will today announce details of their new first home buyer savings accounts. Under a federal government scheme to be introduced on the 1st of October, savers will be eligible for a government co-contribution of 17 cents per dollar if they save $1,000 per year in the accounts. Account holders must be aged between 18 and 65 and the savings can only be used to buy a first home. Account balances are capped at $75,000 and taxed at a lower rate than normal savings accounts. Couples who save $10,000 per year will be eligible for a top-up from the government of $1,700. Commonwealth will pay 6.5 per cent interest while ANZ is offering 7 per cent if savers contribute a minimum of $10 per week. AMP will offer 8 per cent as an introductory rate. NAB said it will launch its' first home buyer savings account soon. Westpac said it had no immediate plans to launch an account.
