News Archive

Welcome back to Mozo Money Moves, your Friday financial fix that covers the latest in personal finance and retail banking.

Credit card rewards programs can be a goldmine if you know how to navigate them right. Whether you’re a frequent flyer or a cashback connoisseur, there’s a way to make your credit card work harder for you. Let’s dive into how you can become a power user of credit card rewards programs and get the most bang for your buck!

NAB Economics Research reports that while some Australians are practising more thoughtful spending, others are bolstering their savings accounts.

The ART High Growth option from Australian Retirement Trust (ART) is the highest-performing investment option over the last 10 years to 31 May 2024, according to the SuperRatings SR50 Growth Index.

Today, NAB cut its 3-year fixed rate home loan by 0.60%, marking the first time a Big Four bank has shifted fixed rates since the Reserve Bank of Australia (RBA) hiked the cash rate to 4.35% in November 2023.

The number of new homes to be built in Australia rose in May, though approvals were mostly for units, based on the latest data from the Australian Bureau of Statistics (ABS).

This week’s Mozo Money Moves dives into how term deposit rates are shifting and the latest unemployment data. With just over two weeks left until the Reserve Bank of Australia (RBA) meets to decide the direction of the cash rate, the new data from the Australian Bureau of Statistics (ABS) has reaffirmed Mozo’s stance that a 14th rate hike is unlikely.

Newcastle Permanent has cut the interest rate on select variable rate home loans by up to 0.10% p.a., with its Real Deal Home Loan (LVR <80%) dropping to 6.09% p.a. (6.13% p.a. comparison rate*).

Did you know that from 1 July 2024, the superannuation guarantee rate increased from 11% to 11.50%?

Managing your finances can be tricky, especially with the cost of living crisis we are currently facing. But fear not, our Mozo Money Experts have rounded up some cracker tips to help you nail your money goals.

Now that we’ve reached the halfway mark of the year, it’s a great time to reassess your financial situation. A mid-year money check-up can help you stay on track with your goals and make any necessary adjustments. So let's take a closer look at some key areas to review and fine-tune for a successful financial year ahead.

Welcome back to another bumper edition of Mozo Money Moves, where we dive into the latest developments shaking up the personal finance landscape.

A number of recent cuts to introductory and bonus savings account rates doesn't bode well for Aussie savers, but it's worth reviewing how they stack up against the averages in mid-July.

Ever stared at your energy bill and wondered where all that power is going? Understanding the anatomy of your energy bill can help you make smarter choices and potentially save some serious cash.

There were 1,747 property auctions recorded across Australia last week, which represents the lowest count since the King's Birthday long weekend in mid-June, says Corelogic.

In this week's edition of Mozo Money Moves, we dive into the latest Reserve Bank of Australia (RBA) update, and provide insights from the June monetary policy meeting.

School holidays are the perfect time to relax, enjoy family activities, and, yes, talk about money! While your kids are off from school, it’s a golden opportunity to teach them valuable financial skills that will set them up for life.

They’ve done it again! For the second year in a row, ING has taken out the title of Australia’s Best Bank in the Mozo Experts Choice Australia’s Best Banking Awards for 2024.

As we bid farewell to the previous financial year and welcome in the new one, it’s the perfect time to set fresh money goals. Whether you're aiming to boost your savings, reduce debt, or make smarter investments, setting clear and achievable goals can pave the way for a prosperous year ahead. Here are five financial New Year's goals to help you kick off the new financial year on the right foot.