Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Big cuts for borrowers as savers continue to miss out

Article image for Big cuts for borrowers as savers continue to miss out

Savers are experiencing lower rates as some of the big banks battle it out for home loans.

The Commonwealth Bank has slashed its fixed rated by up to 90 basis points while Westpac has eased its borrowing requirements by cutting its serviceability floor.

The Reserve Bank is expected to cut interest rates again at next Tuesday’s meeting.

But there’s bad news for savers as banks continue to cut rates.

RateCity’s Sally Tindall tells Deborah Knight ANZ has lowered savings rates.

“When you’re talking about rates as low as 0.10 per cent as an ongoing savings rate from ANZ, well, there’s not much wiggle room to move.

“At that kind of rate you’re really just putting your money in the bank to keep it safe.”

Click PLAY to hear the full interview

Deborah Knight
Advertisement