Banking products
Exclusive
Macquarie Group
Macquarie seeks to ‘disrupt’ by paying up for transaction accounts
Investment giant Macquarie Group says it wants to disrupt a key part of the retail banking market by raising interest rates sharply on transaction accounts.
- by Clancy Yeates
Latest
Analysis
Analysis
‘No frills’ home loans new bank battleground
Banks are trying to lure new customers with mortgages that lack key features, but have lower interest rates. Are these products a good deal?
- by Clancy Yeates
ANZ sued by ASIC for overstating credit card balances
The corporate regulator has alleged errors in ANZ Bank’s systems led to more than 165,000 credit card accounts being wrongly charged fees or interest.
- by Clancy Yeates
NAB keen to steal Afterpay customers with belated BNPL entry
NAB is late to the buy now, pay later party, but has high hopes it can turn younger Australians into lifelong customers.
- by Jessica Yun
Banks lift deposit rates amid political pressure
After a plunge in returns from deposit accounts, banks face pressure to pass on the benefits of higher rates to long-suffering savers.
- by Clancy Yeates
CBA to offer lower rates for green homes
The bank is promising a lower interest rate if customers meet criteria including minimum usage of solar panels and no gas appliances or hot water heating.
- by Clancy Yeates
Opinion
Interest rates
Savers, don’t hold your breath for big rate rises from your bank
The dilemma facing Australia’s long-suffering cohort of savers is unlikely to be resolved by looming increases in official interest rates.
- by Clancy Yeates
‘Devastating community impact’: Why banks are closing their doors
Hundreds of bank branches have closed in the past four years as digital banking takes over. The new era isn’t as accessible for everyone, and advocates warn already disadvantaged people are losing out.
- by Andrew Taylor
‘Pure greed’: Government taskforce criticised as regional Australia revolts over bank closures
Branches are closing as banking moves online. That’s one thing in the city, but the regional Australians who don’t have another bank down the road are growing angry; 575 regional branches closed between June 2017 and June 2021.
- by Andrew Taylor
Beforepay shares sink 44 per cent on debut
The pay-on-demand fintech company is the ASX’s latest newcomer - but did not receive a warm welcome.
- by Jessica Yun
Macquarie ramps up digital push with rapid bank accounts
As fintechs push traditional banks to act more quickly, Macquarie says it can approve new bank accounts in one minute.
- by Clancy Yeates