Banking products
Analysis
Interest rates
Retirees suffer as cashed-up banks cut term deposit rates
Retirees who rely on bank interest payments for income have already had a tough time but there may be worse to come.
- by Clancy Yeates
Latest
Coronavirus pandemic
ASIC blasts ME Bank over 'conscious decision' to blindside customers
The corporate watchdog is investigating ME Bank after the bank's CEO admitted that clients were kept in the dark about changes to a redraw policy.
- by Charlotte Grieve
Exclusive
Superannuation
Super fund shareholders back ME Bank ahead of parliamentary grilling
ME Bank and the financial regulators have been called to explain inconsistencies in accounts of the handling of a policy change that left 20,000 customers without access to cash.
- by Charlotte Grieve
Exclusive
APRA
ASIC contradicts key claims by embattled ME Bank
A letter from ASIC's chair has revealed the regulator's concerns about ME Bank's strategy over its controversial redraw policy change were dismissed, prompting Liberal MP Tim Wilson to question the chief's future at the bank.
- by Charlotte Grieve
Opinion
Bank charges double late-payment penalty despite promising leniency
If you are experiencing financial hardship, always approach your bank for help and assistance.
- by Nicole Pedersen-McKinnon
Superannuation
ME Bank defends dividend policy, admits redraw changes were flagged in November
ME Bank first noticed there was a problem with its redraw facilities in November last year but only told customers days before it was restricted.
- by Charlotte Grieve
Interest rates
Banks slash savings rates on back of RBA moves
Banks have taken the knife to term deposit and savings interest rates, as extraordinary stimulus policies drive down the cost of money.
- by Clancy Yeates
CBD
City life
ME lawyers up over reports that 'caused concern'
Mea culpas all-round from ME Bank last week, after customers were left outraged by unannounced changes to redraw facilities.
- by Kylar Loussikian
Opinion
Opinion
ME Bank's epic PR fail results in policy reversal
ME Bank backflips on a controversial policy and says it is "deeply sorry" after blindsiding more than 20,000 customers and damaging its reputation.
- by Adele Ferguson
Banking & finance
The 'bank for me' or a 'bank for them'? The week ME Bank was hit by a customer revolt
Many of the Australians who took out loans with boutique outfit ME Bank thought they were giving their business to an institution with a different culture.
- by Charlotte Grieve
Banking & finance
'We are deeply sorry': ME Bank reverses course on redraw policy change
The bank owned by 26 union backed super funds has reversed a controversial policy change that left its customers without access to cash.
- by Charlotte Grieve