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Account & Access Facility Conditions of Use Document Update

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We have updated our Account & Access Facility Conditions of Use Document to include the following new section:

TRANSACTIONS MAY BE DELAYED OR REFUSED

We monitor and investigate transactions for potential fraud and other illegality, including to meet our obligations under anti-money laundering and terrorist financing and sanctions laws. This may result in transactions being delayed, blocked, frozen or refused. We will not be liable to you or any other person for any loss or damage which you or such other person may suffer as a result of, or in connection to, any such delay or action.

These changes are effective as of 22 January 2021. If you would like to discuss any of these changes, please contact us on 13 24 40.

 

Read more: Account & Access Facility Conditions of Use Document Update

 

Savings Interest Rate Changes

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We are reducing the interest rate on our Bonus Saver Account (S7)1 by 0.10%. The new rate of 0.65%2 (inclusive of the base plus bonus rate) is effective 1 January 2021.

Read more: Savings Interest Rate Changes

 

Personal Loan Checklist

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Knowing what documents you need when applying for a personal loan can be tricky. Below is a list of necessary items to help you when applying for a personal loan.

Read more: Personal Loan Checklist

   

Two-Factor Authentication, what is it and why you need it.

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With the current technology climate changing and with the advancement of software, keeping your bank accounts secure is becoming more difficult. Two-Factor Authentication (often shortened to 2FA) is not new, but it is gaining momentum as bank accounts are left exposed with weak or poorly secured passwords. Whether it be your bank accounts or social media accounts, the 2FA, also known as Two-Step Verification, provides an extra layer of security to ensure that it's you logging into your accounts.

Read more: Two-Factor Authentication, what is it and why you need it.

 

Slashed stamp duty gives a positive boost for first home buyers

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The new scheme released by the Australian Government for first home buyers is a game-changer and a welcome helping hand during these tough times.

For first home buyers, under the new scheme, the threshold that Stamp Duty will be charged on new homes will increase from the current $650,000 to $800,000, with the concession reducing on higher values before phasing out at $1 million. The stamp duty threshold on vacant land will rise from $350,000 to $400,000 and will phase out at $500,000.

Read more: Slashed stamp duty gives a positive boost for first home buyers

   

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