Tag: ANZ
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ANZ raises interest rates for investors
ANZ has become the latest of the big banks to raise its variable interest rates since the US Federal Reserve raised its rates last week. The bank has raised the interest rate for investors by 0.25 basis points from 5.60% to 5.85% per annum, effective from March 31st. ANZ is also raising it variable rate for its interest…
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Contactless cards have arrived
Contactless smartphone payment systems are here and changing the way we deal with technology. Senior Director of Product Management at Google Pali Bhat told Fairfax Media that “60 per cent of Australians already make payments with a contactless card. It’s a logical cohesion that will see wallets become a thing of the past” (SMH, 2016). Gone are the…
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ANZ announces 200 job cuts due to economic conditions
Two hundred ANZ employees will be saying farewell to their positions at the bank due to poor economic conditions. The Australian & New Zealand Banking Group currently has 48,896 employees and over the six months up to March, have reduced its full-time work force by 1,256. The bank advised their staff of the redundancies with cuts…
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Big banks drop home loan rates
ANZ, NAB, CBA and Westpac have all dropped their home loan interest rates following the Reserve Bank’s official interest rate cut. The Reserve Bank of Australia cut the cash rate by 25 points to 1.75% on Tuesday, prompting the big banks to action. National Australia Bank was the first to cut its standard variable home…
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ANZ is the first Australian bank to switch on Apple Pay
ANZ has become the first bank to support Apple Pay meaning those with an ANZ Visa card can make payments using their iPhone. Users will be able to register their cards and use their iPhones or Apple Watches to pays for goods on payment terminals that support tap and pay. They’ll also be able to use…