Category Archives: In the News

Investing in the Banks – it may be the only way to keep up with them

Here’s the beginning of an article by Jessica Irvine from the Sydney Morning Herald that is well worth the read. Make sure to take the time to read the comments at the bottom of the article as well. “High returns, … Continue reading

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Banks and Credit Unions that have passed on the Dec 6 2012 Rate Cut in Full

Some banks have passed the 0.25% rate cut that the RBA announced on Tuesday in full. Others have not. So, if your bank is one that has not, we suggest that you look at getting a better deal with the … Continue reading

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Big Four, your record profits make me Grumpy!

Over the last few weeks ANZ, Commonwealth Bank, NAB and Westpac have all announced their annual reports. What they’re doing their best to share with their shareholders but not with their customers is the news that they have ALL reported … Continue reading

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One Big Switch – All their Ducks are in a Row. But are they in Line with Yours?

Over the last few weeks, One Big Switch has been emailing out offers to the 40,000 Australians who signed up for their Choice Big Switch Campaign. Here at Spank Your Bank we’ve seen a mix of very positive and very … Continue reading

Posted in Bank Competition, Home Loan Help, In the News, Mortgage Brokers, Refinancing | Tagged , , , , , , , , , , | 1 Comment

What is One Big Switch? Is it a con? Will it help? Is it for me? Who is Choice and Who is One Big Switch?

If you’re talking home loans, One Big Switch seems to be the three words on everyone’s lips at the moment. But what is it? Is it a con? Will it actually help? Will it actually help YOU? – and finally, … Continue reading

Posted in Bank Competition, Budgeting Advice, Home Loan Help, In the News, Interest Rates, Mortgage Brokers, Refinancing | Tagged , , , , , , , , , , , | 13 Comments

BankerSpank.com – A Credit Union Site

They’re like us, and also not like us. As in, they’re not us, but they also think that the banks are just slightly hypocritical. If you’re after something useful, then it’s perhaps not a site to visit. But if you … Continue reading

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Newsflash – Genworth Gives Refund on Early House Sale Without Even Asking

A friend of mine recently sold his house. Like many of us, he’d bought and then not been able to keep up with the interest rate rises so he sold within 2 years of getting his loan which included a … Continue reading

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The Yellow Brick Road RBA Appeal

Hubby read about Mr Bouris’s RBA appeal in the Telegraph last weekend. I couldn’t find the telegraph article online, but Mr. Mark Bouris has added it to his page and here is a link to an interview from the Today show … Continue reading

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How to Deal with Interest Rates on the Rise

All of the media reports talking about the looming interest rate rise have me shaking in my boots. The latest I’ve heard is that there will be at least two hearty rate rises this year. An interest rate rise for … Continue reading

Posted in Bank Information, Budgeting Advice, Financial Stress, In the News, Interest Rates, Personal Finance, Tips on Saving, Understanding Banks | Tagged , , , , , | 1 Comment

SYB – A Family Story

Spank Your Bank was initiated by a bloke called Ken Longshaw. He’s your everyday sort of fella – wife, kids mortgage…you know the drill. Here’s a You Tube link to a video about how Spank Your Bank evolved.

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Choice Magazine’s Better Banking Report

Choice Magazine has released a report that includes their suggestions as to how to end bank bashing and they’re going to review it in a year. Here’s the link to their full report and below is an extract from their … Continue reading

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An Interesting Credit Card Repayment Article by the Courier Mail

This image comes from an article called “Pay Back Time” in the Courier Mail on the 4th March 2011. I was positively astounded by the table on the image. How can $50 a month make so much difference?

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A Little From the Bank’s Newsroom

Seen any good articles about the banks lately? I’m quite enjoying the Fin Review. I don’t quite have time to read all their articles (who does???), but I like their writing style. It seems to be a little less sensationalist … Continue reading

Posted in Bank Competition, Bank Information, General Discussion, In the News, Understanding Banks, Unfair Banking | Tagged , , , , , , , , , , , , , , , , , , , | 2 Comments