Saturday, 12 August 2023

Australian lenders withdraw cashback offers as competition slackens

Several providers are still offering cashbacks as an incentive for people seeking to refinance – but they’re unlikely to last long

When Australia’s biggest lender, Commonwealth Bank, withdrew its cash offer for new mortgage customers earlier this year, it signalled an end to a period of vigorous competition.

Several lenders followed its lead, ending similar deals that are designed to entice borrowers to switch lenders with a cash reward.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

from World news | The Guardian https://ift.tt/30v1U6C

No comments:

Post a Comment

OpenAI thought to be preparing for $1tn stock market float

ChatGPT developer is considering filing for an IPO by the second half of 2026, according to reports OpenAI is reportedly gearing up for a s...