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Mozo Money Moves: A week of cuts, confusion and caution as the economy slows and banks hold back.

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.
Where’s your rate cut? Why mortgage repayment hasn’t changed for millions of borrowers

3 weeks ago | mozo.com.au | Jasmine Gearie

ANZ, CommBank and NAB do not automatically lower direct debit repayments for your mortgage when variable rates come down. Millions of home loan customers may be wondering why their mortgage repayments haven’t been cut back, as more than half (52%) of owner occupier home loans are with ANZ, CommBank and NAB. Borrowers who want their direct debit to be reduced must manually request a change or adjust their repayment online or in-app.
Does July's increase to the super guarantee mean a hidden pay rise or a smaller paycheck?

3 weeks ago | mozo.com.au | Brad Buzzard

Get ready: your superannuation is about to receive what might be its last scheduled percentage boost for years. From next month your employer's Super Guarantee (SG) contribution hits the landmark 12%. With no further increases currently locked in by law beyond this 0.5% jump, this final SG hike to 12% means your choice of super fund just became even more important. Is your super fund up to the task?
Relief finally lands for borrowers after banks pocket millions, as base rates take another hit.

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.
IMB Bank almost doubles RBA’s cut, slashes up to 0.40% p.a. off fixed rate home loans

4 weeks ago | mozo.com.au | Jasmine Gearie

IMB Bank has sliced 40 basis points off its two- and three-year fixed rate home loans – almost doubling the Reserve Bank’s May cut of 0.25% – and further cementing its place as one of our top picks for the cheapest home loans currently available. The 0.40% p.a. cut means IMB’s two-year fixed rate now comes in at 5.29% p.a. (5.72% p.a. comparison rate*), and the three-year term also has a 5.29% p.a. interest rate (5.69% p.a. comparison rate*).
Is now the time to refinance?

1 month ago | mozo.com.au | Kylie Moss

The RBA has cut rates by 0.25% for the second time this year and much to the relief of borrowers across Australia most banks and lenders are following suit. So while for many home owners with variable rate mortgages this means lower monthly repayments, it also means loan serviceability requirements will reduce and for some, this opens up the opportunity for you to refinance. And this could mean even bigger savings, especially if you’ve been stuck with an uncompetitive home loan rate.
EOFY super top-up: smart move for your tax & your future?

1 month ago | mozo.com.au | Brad Buzzard

The June 30 tax deadline is fast approaching, and there’s a key update to superannuation you may have missed: the annual limit for concessional (tax-deductible) super contributions increased to $30,000 for this 2024/25 financial year, up from $27,500. This bigger cap means more room to make tax-effective contributions before the financial year closes, and this can have a huge impact on your finances both now and into the future. Extra cash on hand?
Mozo Money Moves: RBA cuts but the banks stagger relief as deposit rates dive

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.
The seven best budgeting and savings apps every Aussie needs

1 month ago | mozo.com.au | Peter Terlato

Here’s a list of the best budget, money management, and savings apps for your smartphone in Australia for 2025. Read more in our expert guide.
which fund comes out on top?

1 month ago | mozo.com.au | Brad Buzzard

Looking for a super fund that delivers strong performance and operates purely for your benefit? Aware Super and HESTA are leading profit-for-member choices that have both received consistent recognition within the industry. Each also integrates a brand-level Environmental, Social and Governance framework (ESG) that guides their investment decisions and overall operations. But digging into their fees, specific investment strategies and member services reveals important differences.