Money

Banking

Even if compulsory super rises to 12 per cent, studies have shown that it may not be enough to fund a "comfortable" retirement

New regime will make it easier to find better deals on mortgages, personal loans, credit cards and savings account interest rates.

Interest rates are falling, particularly for new mortgage customers with equity in their homes who are looking to refinance.

There are some big differences between mortgage offset accounts and redraw facilities, as some customers of ME Bank discovered.