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Articles for Westpac, search results for big

Westpac, NAB, ANZ and CBA move to pass on the December RBA rate rise. Here's what that means for your savings accounts
2 years ago

Westpac, NAB, ANZ and CBA move to pass on the December RBA rate rise. Here's what that means for your savings accounts

ABC  

The Reserve Bank of Australia has increased the cash rate by 0.25 of a percentage point, now bringing the official rate to 3.1 per cent. Mortgage rate: Variable home loan interest rates increased by 0.25 per cent from December 20. Savings rates: Westpac Life: Total variable rate with bonus interest increased by 0.25 per cent to 3.75 per cent on …

Cent Rates Interest Rate Rba Increased Nab Mortgage Rate
Reserve Bank increases interest rates, Commonwealth, Westpac, ANZ, NAB set to pass it onto customers
2 years, 6 months ago

Reserve Bank increases interest rates, Commonwealth, Westpac, ANZ, NAB set to pass it onto customers

Daily Mail  

Anthony Albanese has refused to speak about the Reserve Bank's largest interest rate rise in 22 years when probed by reporters during an official visit to Indonesia. The central bank hiked the cash rate to 0.85 per cent on Tuesday, meaning mortgage holders will be forced to shell out even more on their monthly repayments as the cost of living …

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'Big four' banks made huge profits as Australians took out bigger mortgages for pricier housing
2 years, 7 months ago

'Big four' banks made huge profits as Australians took out bigger mortgages for pricier housing

ABC  

Australia's big four banks — ANZ, CBA, NAB and Westpac — now hold a whopping $1.87 trillion in home loans. Throughout 2021, as Australian house prices skyrocketed, Australians kept on taking bigger mortgages — many worth more than six times their income — pushing up the profits of the big four banks. In the year to March 2022, EY says …

Business Housing Personal Loans Loans Mortgage Home Loans Interest Rates
Commonwealth Bank, Westpac, NAB and ASB pass on rate rise to customers
2 years, 7 months ago

Commonwealth Bank, Westpac, NAB and ASB pass on rate rise to customers

Daily Mail  

The Big Four banks have all passed on the official interest rate rise in full to their home loan customers with National Australia Bank the last to act. The Reserve Bank of Australia has raised interest rates for the first time in 11 years to curb soaring inflation A senior Westpac spokesperson urged customers who know they will now struggle …

Financial Markets Bank Loan Interest Rates Commonwealth Pass Cent
RBA raises cash rate by 0.25 percentage points causing mortgage interest rates to rise
2 years, 7 months ago

RBA raises cash rate by 0.25 percentage points causing mortgage interest rates to rise

Daily Mail  

Three of Australia's big four banks have so far passed on the full official interest rate rise to their home loan customers. Commonwealth, Westpac and ANZ all announced their variable home loan interest rates will increase by 0.25 percentage points, in line with the official cash rate rise announced by the Reserve Bank of Australia. ANZ followed CBA by passing …

Financial Markets Bank Loan Mortgage Interest Rates Interest Rising
The ticking time bomb threatening 900,000 Australian borrowers
3 years, 9 months ago

The ticking time bomb threatening 900,000 Australian borrowers

Daily Mail  

A mortgage time bomb is threatening almost 900,000 Australian home borrowers who are behind on their repayments - and it could get worse from next month. Despite interest rates being at a record low of 0.1 per cent, 31 per cent of Australians with a home loan are in arrears, a survey by financial comparison website Finder found. Pictured is …

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Rescinding of responsible lending legislation means it's open slather for the big banks
4 years, 2 months ago

Rescinding of responsible lending legislation means it's open slather for the big banks

ABC  

You could almost smell the fear. At least two chief executives of the Big Four banks have since privately and independently confided that when the documents were released, they immediately searched for any recommendations about a toughening of responsible lending laws. The three big rewinds of business and banking Last Friday, in a surprise move, Treasurer Josh Frydenberg committed the …

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