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Australia | New Zealand
Video Tips
Home & Contents InsuranceCANNEX appears on Brisbane Extra to discuss the importance of home and contents insurance, and the inaugural Star Ratings results.
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Deposit AccountsBrisbane Extra interview. Compare deposit accounts with Star Ratings, such as term deposits, online savings and transaction accounts.
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Hints & Tips
Life Insurance - What is TPD? |
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"Total and permanent disability cover can provide financial support in the event that you suffer a serious accident - the type that could prevent you from ever working again. When shopping for life insurance, TPD is an important option to consider. Terms and conditions need to be examined carefully." - David Noble, CANNEX Adviser Services. |
Life Insurance - Who needs income protection insurance? |
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"If you think you would find it difficult to get by without your regular source of income, then you should look at getting income protection. You never know when injury or illness could strike, and having income protection could not only benefit you but your family as well, by supporting them in the event that you are unable to work." - Stephen Mitchell, CANNEX Manager of Risk Research. |
CANNEX In The News
9 Oct 08: Fears for choice as Commonwealth and BankWest merge (The Australian) |
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Cannex senior financial analyst Harry Senlitonga said that, in recent years, BankWest had been a major innovating force, introducing the lowest-rate credit card and the highest-paying online savings account. "I hope with this merger they will still have that competitive approach," he said. |
9 Oct 08: RBA's cut the unkindest of all (Daily Telegraph) |
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Financial services research group CANNEX estimates there are more than 400,000 fixed-rate home loans in the market at present, and almost one in five are less than one year old. "There were 64,000 new fixed-rate loans opened in the first half of this year," CANNEX senior financial analyst Harry Senlitonga said. |
CANNEX In The News ...
RBA Cuts Cash Rate 1%
Oct 7, 2008: The RBA has cut the cash rate target to 6.0 per cent, a full 1.0 per cent drop. The reason given by the RBA was that, "an unusually large movement in the cash rate was appropriate in order to bring about a significant reduction in costs to borrowers."CANNEX has prepared the table below, showing the difference in monthly repayments on a home loan after several rate cut scenarios.
The five largest banks have announced they will be passing on home loan rate cuts of 0.8 per cent.
Track daily home loan rate changes!
Sep 2008: Credit Card Rewards Star Ratings
Store Rewards Cards Make Their Mark
General Rewards as a whole appear to be going through a major customer-targeted transition. CANNEX has awarded the Myer VISA card five stars, while the Woolworths Everyday Money Credit Card also makes its debut, just ahead of the newly-launched David Jones American Express Credit Card.
Compare Credit Card Rewards ...
Sep 2008: Home Loan Star Ratings
Relationship rift – lenders cut brokers adrift
The cost of fixed rate mortgages has been on the decline since August in anticipation of RBA rate cuts. More attractive fixed interest rate loans are now appearing on the market to tempt customers who are concerned about the interest rate outlook.
Sep 2008: Deposit Accounts Star Ratings
Bankwest Wins 'Best Value Australia - Savings'
CANNEX has introduced a new award, Best Value Australia - Savings. This award aims to recognise the institution that has offered consistently high rates and impressive products across a range of savings products. CANNEX congratulates Bankwest, the inaugural winner.
Latest Star Ratings
- Credit Card Rewards Ratings (Sep 2008)
- Home Loan Ratings (Sep 2008)
- Deposit Accounts Ratings (Sep 2008)
- Life Insurance Ratings (Sep 2008)
- Business Banking Ratings (Sep 2008)
- Home & Contents Insurance Ratings (Aug 2008)
- Health Insurance Ratings (Jul 2008)
- Low Doc Home Loan Ratings (Jul 2008)
- Personal Loan Ratings (Jul 2008)
- Package Banking Ratings (4 Jun 2008)
Articles
Qantas Frequent Flyer Changes |
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Qantas has reshuffled its Frequent Flyer cards, deleting several credit cards from its pack offering Frequent Flyer points as a reward option. |
First Home Saver Account Guide |
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The first home saver account is a government initiative designed to compliment the existing First Home Owners Grant scheme. The Australian Government contributes 17 per cent on the first $5,000 of individual contributions made every year. |
Life Insurance - Hints & Tips |
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Definitions and helpful tips on getting the best life insurance cover, with information on cover from income protection to total and permanent disability cover. If you're shopping for life insurance, read this before you start to compare policies. |