Bank customers urged to shop around as Treasurer orders inquiry into savings account interest | The Singleton Argus
ACCC to look at why banks do not pass on interest rises in full to savings accounts.
Source: singletonargus.com.au
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Commonwealth Bank, ANZ Bank lift deposit rates after PM urges 'fair go' for savers
CBA has thrown down the gauntlet to rivals, lifting the interest rate on an 18-month term deposit by 195 basis points, almost eight times the RBA’s cash rate rise.
Source: afr.com
Lucky Boomers post record year of investment gains
“Brilliant” asset price gains over the past 12 months are not enough to allay growing fears about inflation and market volatility for retirees.
Source: afr.com
Retirees face biggest cost of living hike in 11 years
Annual inflation for “non-discretionary” items that retirees must buy is running at more than twice the rate of optional expenditure, such as leisure activities and alcohol.
Source: theage.com.au
Retirees face biggest cost of living hike in 11 years
Annual inflation for “non-discretionary” items that retirees must buy is running at more than twice the rate of optional expenditure, such as leisure activities and alcohol.
Source: smh.com.au