Cameron Micallef

1 week ago | perthnow.com.au | Cameron Micallef

NAB has become the latest bank to move on interest rates, cutting the rate of one of its more popular savings accounts. NAB has announced its Reward Savers account has fallen by 0.05 per cent for a new maximum rate of 4.35 per cent, in the second cut in less than a month. It follows a 25 basis points rate reduction on May 23 in line with the Reserve Bank of Australia’s official interest rate reductions.

1 week ago | thewest.com.au | Cameron Micallef

‘Good news’: Australians tipped to be $125k better off in retirement

1 week ago | perthnow.com.au | Cameron Micallef

The average young Australian is tipped to be $125,000 better off in their retirement simply by staying in the workforce, a major superannuation fund reveals. Australian Retirement Trust says the rise in the superannuation guarantee over the last five years is “good news” for Australian workers who will have more in their retirement nest egg.

1 week ago | thewest.com.au | Cameron Micallef

ASX slips on Thursday on weaker than expected job figures

1 week ago | perthnow.com.au | Cameron Micallef

Commonwealth Bank closed at a record high on Thursday, but it was not enough to lift the broader market as weaker than expected job figures and fears of the possibility the US would strike Iran weighed on the local market. The ASX 200 closed marginally lower for the third straight day down 7.50 points or 0.09 per cent to 8,523.70. The broader All Ordinaries also finished down on Thursday, dropping 16.50 points or 0.19 per cent to 8,741.40.