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3 weeks ago | 
mozo.com.au | Rachel Wastell
This week, 44 more lenders moved to pass on the Reserve Bank of Australia (RBA)’s latest 0.25% rate cut, with the average variable home loan rates one cut away from starting with 5 – but that doesn’t mean your repayments have dropped. From mortgage cuts that aren't flowing through to savings base rates being slashed, we break down what’s been happening behind the scenes this week in banking.
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4 weeks ago | 
mozo.com.au | Rachel Wastell
This week we’re back with another bumper edition of Money Moves, as just over one week after the Reserve Bank of Australia (RBA) delivered the rate cut, mortgage relief is finally starting to kick in. A wave of variable rate home loan changes have now come into effect, but not before banks made a tidy sum holding out.
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1 month ago | 
mozo.com.au | Rachel Wastell
Welcome back to Mozo Money Moves, your weekly personal finance wrap that dives into the data, to share what’s been happening behind the scenes in retail banking. This week was a big one, as the Reserve Bank of Australia (RBA) cut the cash rate by 25 basis points to 3.85%. As expected, some lenders acted fast, while others are leaving borrowers and savers waiting and the majority of moves and announcements have been in the savings and home loans space.
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1 month ago | 
mozo.com.au | Rachel Wastell
After a short hiatus – thanks to the Easter gift of multiple long weekends – we are back with a bumper edition of Mozo Money Moves. This week, the quarterly inflation data gave borrowers a nice post-Easter present, offering some reassurance that a May rate cut is the most likely outcome of the next RBA monetary policy meeting. On Monday, NAB cut its term deposit rates, taking three of the Big Four banks’ 1 year term deposit rates to the 3% range.
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2 months ago | 
mozo.com.au | Rachel Wastell
Key insights:75% of Australian parents helping their children get on the property ladder in 2025 don’t expect to be repaid. This has doubled since Mozo last conducted this survey in 2021. Australian house prices have soared by 51% in five years, and a 20% deposit has increased by $66,160 over the same period.
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2 months ago | 
mozo.com.au | Rachel Wastell
For years, the so-called ‘Bank of Mum and Dad’ has been one of Australia's largest financial institutions, helping young homebuyers break into the property market. But Mozo’s latest survey data suggests that this support has evolved beyond traditional lending, with most parents now giving financial assistance without expecting repayment. In 2025, the ‘Bank of Mum and Dad’ is increasingly looking more like the ‘Gift of Mum and Dad’.
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2 months ago | 
mozo.com.au | Rachel Wastell
New research from Mozo has revealed that travel money cards marketed as “fee-free” may not always offer the best value. In fact, some cards that charge fees actually deliver a stronger return once exchange rates are taken into account. “A travel card can be a smart way to lock in your exchange rate, manage your travel budget, and is safer than carrying a lot of cash,” says Rachel Wastell, Mozo’s personal finance expert.
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2 months ago | 
mozo.com.au | Rachel Wastell |JP Pelosi
Welcome to Mozo Money Moves, your go-to weekly finance wrap, unpacking the latest shifts in Australia’s financial landscape. This week, rate cut speculation ramped up as NAB broke ranks with a bold prediction: a 50 basis point cut as soon as May. Meanwhile, mortgage buffers are being reconsidered and term deposit rates are getting smashed – potentially signalling a faster than expected easing cycle. NAB also announced big cuts to its fixed home loan rates ahead of May's cash rate meeting.
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Mar 21, 2025 | 
mozo.com.au | Rachel Wastell
Welcome back to Mozo Money Moves, your weekly interest rate wrap that keeps you up to date with what’s been going on in the world of personal finance. This week, sticky unemployment figures didn’t do much to move the needle on the consensus that the Reserve Bank of Australia (RBA) will hold the cash rate at 4.10% at their next cash rate meeting. Meanwhile, the Big Four banks made money moves in home loans and savings to ‘click and collect’ digital customers.
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Mar 14, 2025 | 
mozo.com.au | Rachel Wastell
This week’s Mozo Money Moves takes a step back from our recent focus on how variable home loan and deposit rates have responded to the RBA move. Most lenders have now passed on the 0.25% interest rate cut to savers and mortgage holders after the Reserve Bank of Australia (RBA) cut the cash rate last month, so this week we’re diving into analysing what’s happening in other lending categories. We also share our latest analysis on how Trump’s Tariffs could impact interest rates.
