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.....
St George Bank has grown its retail deposit book by almost 19 per cent over the past year and in the process has been able to reduce its demand for funds from other sources. St George chief executive Paul Fegan told analysts at a market update yesterday that retail deposits, which stood at $55.3 billion at the end of July, rose at an annualised rate of 18.9 per cent over the 10 months to the end of July. Over four months the annualised rate is 24 per cent. The bank's wealth management business Asgard has been another source of deposit growth. Until two years ago investors on the Asgard platform who wanted a cash portfolio option were given a choice of third party providers, such as Macquarie Cash Management Trust. Asgard added a St George wholesale cash option and the bank has picked up around $2 billion of deposits through the Asgard channel since then. As a result of deposit growth the bank's need for term funding in 2009 may be reduced.
