Investment Opportunities

First home deposit scheme opens for business

The First Home Loan Deposit Scheme (FHLDS) is in full swing with buyers now able to apply for a mortgage with a discounted deposit. The scheme has its critics. The scheme will support 10,000 first home buyers each financial year,…

More neobanks enter the savings account market

Neobanks Xinja and Volt have launched savings accounts, giving consumers more choices of at-call accounts offering rates higher than 2 per cent. Meanwhile, Macquarie Bank has increased the four-month introductory rate on its Macquarie Savings Account to 2.65 per cent.…

Trading resumes in XTBs after brief suspension

Investors in XTBs, a series of listed fixed income securities, got a surprise last Wednesday when trading in all of the XTBs on the Australian Securities Exchange was suspended. Australian Corporate Bond Co, which manages the XTBs, has been caught…

Equity derivative fund to deliver 8 per cent yield

The hunt for yield is moving into exotic territory, with the launch of a fund that uses equity derivatives to deliver an 8 per cent return. Clime Investment Management’s Clime Income Enhancer Fund has been developed in partnership with US-based…

Neobanks to the rescue

Neobanks 86 400 and Up are leading the way in the at-call deposit market, holding their rates steady while other deposit takers are cutting their rates below 2 per cent. According to the latest Mozo Banking Roundup, Up and 86…

Shoppers guide to controlling the Christmas spend

The holiday spending season is in full swing – a time when Australians should be using budgeting tools to gain a better insight into their spending and help manage debt. But a large number are missing out on this opportunity.…

IPO watch: MoneyMe to pursue US expansion

Online consumer lender MoneyMe plans to use the funds raised in its initial public offer to increase its marketing spend, invest in product innovation and expand into new markets. The company says it is testing the US market. MoneyMe Ltd…

Westpac shareholders must make a couple of important calls

In the wake of the Westpac money laundering scandal, investors have some decisions to make. They are being given the choice of opting out of a share purchase plan and they may want to vote on the company’s remuneration report…

Internet banking gets a makeover

Australians are missing out on the ease of a simplified banking initiative that includes instant payment transfers, QR codes and no more BSB and account numbers. BPAY’s latest venture Osko, facilitates the instant transferring of funds between banks 24 hours…

Lengthy mortgage processes a thing of the past

Australians who are fed up with long mortgage approval times may have their problem solved with digital banking solutions. Last week neobank 86 400 launched its digital mortgage offering with the application process done entirely through its smartphone app. The…