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.....
More banks are working on plans to launch loan products for superannuation funds, despite continuing uncertainty about the government attitude to a loosening of the rules governing borrowing by fund trustees. Macquarie Bank and Westpac have been in the market since early this year, along with a number of specialist lenders such as Calliva and Seiza. ANZ is close to sign-off on a new loan and St George will have a margin lending product aimed at self-managed super funds by the end of this year. Macquarie Group has added an equity gearing product alongside its Macquarie Property Lever. Equity Lever is a 10-year instalment over Australian shares. Loans are not the only banking products finding their way into the superannuation market. Banks are developing high-yielding deposit accounts that sit inside super funds and have transaction banking features.
