AFP: Australian central bank hikes interest rate — Australia’s central bank raised its key interest rate by 25 basis points Tuesday to a fresh 12-year high of 7.25 percent in a bid to curb inflation amid robust economic growth.. Seriously, probably because I did engineering at university (instead of commerce or economics), I still cannot […]

In the beginning there was ING Direct, offering high interest rate online saving account that beats even term deposit rates from major banks. Then came along Bank West, with its A Bette Deal promotion and 1 year honeymoon interest rate, they took the crown of online saving account in Australia. We all know competition ultimately […]

When I wrote about RaboPlus’ InfoChoice $100 Free Credit Deal 2 months ago, quite a few was disappointed that it was only available for one day and they have missed out. This week, RaboPlus, who currently has the best interest rate in Australia for online saving accounts (not including honeymoon rates), is offering $50 free […]

Repeat after me. Credit card is my tool, not my master. Say it three more times. Now you are ready to read this post! Credit card has always been a major problem in Australia. It is an easily approved personal loan, which “helped” many Australians into very deep debt. Therefore many have portrayed it as […]

This evening me and my wife were browsing through some of those online saving accounts (currently with INGDirect at 6% and ANZ offers us 6.30%), and spotted this incredible offer from BankWest. Kids’ Bonus Saver, which is like their online TeleNet Saver accounts except for the junior (must be under 15), and it offers 10% […]

I got this from Johnson a friend from church, that Citibank has a Gold VISA Credit-card with No Annual Fee, low 6.9%pa interest on balance transfer and Free Rewards Programme with Qantas Frequent Flyer. Citibank offers Gold card for no fee ever. Even sweeter, it comes with the Qantas frequent flyer rewards program with a […]

Got an email yesterday offering me a new credit card (don’t you all get these ones all the time?), but this one has a nice reward system. Somehow BP and Citibank are teaming up together introducing this new BP-Citibank MasterCard, which (1) gives big saving on fuel purchases in BP (2) gives small percentage cash […]

Last month, ANZ increased the account keeping fee for their Access Select banking account from nil to $2 a month. A few days later, Westpac has also increased their fee to $7.50 a month for their “Classic” transaction account. Vivian changed from Westpac to ANZ (which I have been a customer for years) last year […]

While browsing SMH, I spotted National Australia Bank‘s new credit card – Visa Mini Card. It boasts 43% smaller than a regular credit card, comes in 5 different shining metal colours, and have a list of accessories that lets you hang your mini Visa card around your neck or together with your mobile. NAB is […]

Not as good as $123 bonus from joining INGDirect a while ago, but Esanda Online Saver is giving you $20 bonus for signing up their online saving account product. The promotion has actually been running for a while, but now it has been extended to 31st of July 2005. It has the usual online saver […]

Chenny wrote: From 17th July – 30 September 2005, St. George Bank is offering 5.60% pa for its DirectSaver account (DragonDirect). Highest interest for an at-call account atm (INGDirect gives 5.40% pa). But it’s only for new customers. DragonDirect works just like INGDirect, only accessible through phone banking/Internet banking connected to your everyday account. Chenny […]

Last night I was trying to transfer some money from my INGDirect on-line banking account, and noticed their 5.65% p.a. 90 days term deposit. That’s 0.25% above the regular INGDirect Savings Maximiser. Not bad. Later on Vivian asked about it, and we went back to their website and cannot find the same deal from their […]