Bank Account News Archive History

Bank Account News 

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  Shares in ANZ suspended after info leak

  Shares in Australian giant ANZ have been suspended after full-year results were accidentally released ahead of schedule.   The banking group called a halt to trading for Monday after a spreadsheet intended for a small ...

  Mon 27th Oct, 2014
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  How do you become successful at saving?

  About half the population are successful in putting a savings plan into place, while the other half find it much more difficult, according to new data.   The Australian Securities and Investments Commission (ASIC) ...

  Fri 12th Sep, 2014
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  Look for money saving opportunities as wage growth slows

  Australians must stretch to make every cent count, as wage growth grinds to a halt.   Wages rose by just 0.6% just April and June, according to the Australian Bureau of Statistics, owing to higher unemployment and a weaker ...

  Mon 18th Aug, 2014
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  Steep house prices offset interest rate cuts during crisis years

  House prices have risen so steeply in some areas that even the interest rate cuts made during the crisis years have barely offered any savings whatsoever.   Conditions for some homeowners are more challenging now than they ...

  Mon 11th Aug, 2014
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  Superannuation savings post fifth straight year of growth

  Australians saving for retirement have received a major boost after superannuation savings posted growth of over 10% for the second year running.   Both Chant West and SuperRatings, which monitor the performance of super ...

  Mon 30th Jun, 2014
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  Customers urged to join campaign for cheaper fuel

  Consumers are being urged to lend their names to a Big Switch campaign in the hope of reducing prices at the petrol pumps.   Around 97,000 people have joined the One Big Switch campaign in the last two weeks, which is ...

  Wed 18th Jun, 2014
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  Minimum wage in Australia to rise

  The lowest paid workers in Australia are to receive a boost to their pay packets worth $18.70 a week.   The 1.5 million Australians on the minimum wage will now earn $16.87 an hour following the latest annual wage review. ...

  Wed 4th Jun, 2014
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  Commonwealth Bank to pioneer cardless withdrawals

  From next month, Australians will have the ability to withdraw cash from 3,000 ATM machines without using their cards.   The card-free withdrawal service, the first of its kind in Australia, will be made available by ...

  Wed 30th Apr, 2014
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  Foreign buyers driving up house prices in Queensland

  Queensland residents will see the biggest gains in house prices over the next two years, according to a new report.   The latest Residential Property survey from National Australia Bank predicts that house prices across the ...

  Wed 16th Apr, 2014
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  CommBank apologises after glitch disrupts services

  Commonwealth Bank has apologised after a system glitch yesterday left thousands of customers without access to their accounts.   Technical problems at the bank left customers unable to withdraw cash via ATM machines, make ...

  Tue 15th Apr, 2014
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  Westpac Group donates $5.3 million to charity

  Westpac Group has gifted $5.3 million to Australian charities after the institution matched the $2.65 million donated by employees.   Around 650 charities will benefit from the Matching Gifts program, which sees the bank ...

  Thu 27th Mar, 2014
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  $1 million not enough for retirement: start saving early

  A $1 million pot may no longer be enough for a comfortable level of retirement, sources suggest, in a prompt to get Australians to start saving early for later life.   According to the Australian Securities and Investments ...

  Wed 26th Mar, 2014
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  Coles to build 70 stores within three years in $1 billion move

  Coles has announced that it will open 70 new stores by 2017, reflecting a $1 billion investment in the Australian economy.   The supermarket chain, which currently employs more than 100,000 people, is set to create almost ...

  Wed 5th Mar, 2014
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  Savers suffer as banks tighten interest rates

  When interest rates began falling again in November 2011, plenty of attention was drawn to the margins that banks were withholding if they chose not to pass on the whole rate cut onto consumers.   Fast-forward a little over ...

  Mon 24th Feb, 2014
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  Unclaimed super funds rise by one million

  The number of unclaimed superannuation accounts has risen by one million in the past year, as Australians continue to let money slip through their fingers.   Figures from the Australian Taxation Office (ATO) show that one ...

  Wed 19th Feb, 2014
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  Pressing for better deals on your personal finance products

  Learning the delicate art of negotiation could be the key to better deals on savings and home loan deals.   If you've built up a reputation as a good customer with a lender, they will be reluctant to let you go.   The ...

  Mon 17th Feb, 2014
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  Commonwealth Bank posts sizeable rise in profit

  Commonwealth Bank is thriving in the global recovery, as it posted a huge 16 per cent rise in half-term net profit, to $4.21 billion.   Australia’s largest lender saw its cash profit level rise by 14 per cent. All of the ...

  Wed 12th Feb, 2014
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  Australians worry about holding enough cash for an emergency

  Australians are struggling to save every month and build up emergency savings in case they fall out of work, according to a new report from ME Bank.   In the second half of 2013, over half of Australian households (51%) ...

  Mon 3rd Feb, 2014
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  Savers sweat over falling rates as homeowners enjoy lower costs

  Savers continue to lose out from falling interest rates while the home-owning minority enjoy cheaper home loans.   The frequent cuts to the Reserve Bank’s cash interest rate since late 2011 have proved joyous for ...

  Fri 31st Jan, 2014
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  Savers miss out on millions in interest. Where should you look?

  Savers are losing out on billions of dollars in interest per year by not moving their cash to a high interest account.   Consumers who leave their excess cash dwindling in their transaction accounts are missing out on the ...

  Mon 20th Jan, 2014