The ranking does not represent an implied recommendation for a particular financial product on the part of money-au. Visitors should evaluate each individual product and choose the product that suits their requirements the best.
Bank accounts are used by people for many reasons. Some people prefer transaction accounts, where the account is used for paying in their salaries and paying bills. Others use bank accounts to save money, with those accounts offering interest on the balances enabling people to earn on what has been saved. Some transaction accounts come with overdraft facilities, whilst some savings accounts expect the holder to keep the balance for a specified term and are known as term deposits. There are therefore a number of bank accounts, which include:
Every month, the bank will send a statement regardless of what type of account is held. The statement enables the holder to check what has been spent, what has come in and how much is earned in interest. The statement will also detail what has been charged in fees and commissions for running the account. It is important that bank account holders always check their statements to ensure they have not been charged fees erroneously. Some bank accounts offer immediate and pre-approved access to credit in the form of overdraft facilities. Before using the credit it is important to note what the interest rate and fees are charged for making use of the credit facility. All bank accounts now come with phone banking facilities and with internet banking it has become easier than ever to manage finances.
Regardless of what your financial requirements are, Money-AU brings together a range of options from a variety of banks that will help everyone from first time savers to the most seasoned investor. You will find transaction, savings and term deposit accounts organised in an easy to understand way that will help you make an informed choice very quickly.
If you are bewildered by how much choice there is when comparing bank accounts, follow these five simple steps for determining which bank account is best for you.
The Westpac-Melbourne Institute Leading Index suggests the economy is on the rebound as commodity and equity prices rally.
The index grew by 4.2 per cent in February up from 2.7 per cent recorded in September and much higher than the long term trend rate of 2.8 per cent.
The index estimates the pace of economic activity for the next one to three quarters.
Matthew Hassan senior economist at Westpac says the results suggest economic momentum has clearly lifted since June 2012.
Mark Butler, Minister for Housing and Homelessness says housing affordability is a key concern for many Australian families.
Recently Mr. Butler met with some Adelaide tenants who are part of a government backed scheme that provides affordable rents.
The scheme provides incentives to build an additional 1000 homes across the country by next June.
A new report from Deutsche Bank has confirmed what many people have long suspected, Australians are paying some of the highest prices on the planet.
The report takes prices for a number of goods and services and compares them across many cities and countries around the world. People who live in Melbourne and Sydney pay nearly 40 per cent more to go the movies compared with people living in Paris or Manhattan.
A two litre bottle of Coke bought in one of Australia’s two major cities costs more than 50 per cent more than if it is bought in Auckland or Berlin.