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Australia | New Zealand
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Today's Rates (Check your rate and features against other products in the market) |
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Disclaimer: CANNEX and RateCity are distinct commercial entities. The views, opinions, objectives and information displayed at RateCity are at RateCity's ultimate discretion.
Featured Videos
CANNEX Comments
Shop around for car insurance or pay the price |
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"When it comes to car insurance, quotes can vary dramatically. Be sure to shop around for the best deal, but remember that it's also important to consider claims service. It's no good having dirt cheap insurance if the insurer is difficult to deal with when the time comes to make a claim. Ask around about other people's experiences with making claims." - Steven Mickenbecker, CANNEX Head of Research, Product and Strategy. |
Be careful with car insurance extras |
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"Car insurance extras cost more, so only select the extras you think you'll need. Otherwise, you could end up paying for a service that you'll never use. Some insurers allow you to remove certain extras from your policy in return for a reduced premium. Check with your insurer to see if they allow this." - Lauren Newlands, CANNEX Analyst. |
28 Apr 08: Reverse Mortgage Star Ratings Released!
Shifting into mortgage reverse
Six months ago, CANNEX released its first star ratings report on reverse mortgages, the relatively new product aimed at retirees. In a nutshell, a reverse mortgage allows a retiree to use the equity built up in the residential family home, often the main asset. The lender re-mortgages the home, gives the retiree the agreed money, with no requirement for any repayments until the retiree leaves and moves into care, sells the home or dies. When the loan ends, they or their estate repay what's owing from the proceeds of the sale of the home. More ...
Latest Star Ratings
- Reverse Mortgage (28 Apr 08)
- Margin Lending (17 Apr 08)
- Car Insurance (15 Apr 08)
- Home Loans (25 Mar 08)
CANNEX In The News
15 May 08: Banks make $10.5bn in fees (News.com.au) |
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"Recent analysis by financial research firm Cannex found it costs around $240 a year for customers to keep an account. The research also found that the average consumer spends around $200 a year taking money out of ATMs." Full story ... |
11 May 08: Retirees feel the pinch from inflation (Melbourne Herald Sun) |
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"According to financial analysts CANNEX, no new reverse mortgage products have been created in the past six months, while several players have left the market." Full story ... |
More ...
Featured Articles
Beware of hazardous savings conditions |
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Higher interest rates offered on deposit accounts are now often accompanied by conditions that can seriously impact on your ability to make the most of those high rates. More ... |
Not all deposit accounts are created equal |
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Transaction accounts, cash management accounts and online savings are all very different in what they offer and selecting the right one for your purposes is essential if you are to make the most of your money. More ... |