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.....
St George raises mortgage interest rates 7 July 2008
St George bank has raised home loan interest rates on standard variable mortgages by 20 basis points to 9.67 per cent. Commonwealth and ANZ bank said their interest rates were also under review. Westpac is unlikely to raise rates while the merger with St George remains unfinalised. St George has now raised interest rates on home loans four times this year, outside of Reserve Bank moves to change rates. The move by St George takes it to the top of the pack in terms of home loan rates. Analysts say the move adds to arguments in favour of the Westpac merger, because St George's cost of capital is higher then the AA rated Westpac.
