Mutuals (combined credit unions and building societies) are considered the least secure segment for retail deposits in Australia, despite the Federal Government guaranteeing deposits up to $1 million held by an Australian Deposit-taking Institution (ADI).
Small businesses finding it difficult to attain finance can expect assistance from the Federal Government, says Minister for Small Business Craig Emerson following a roundtable discussion between banks and business groups late last week. If an SME has had an application for credit refused by a financial institution, they will have a second chance to […]
As banks are increasingly tightening credit, Australia’s largest non-bank provider of cash flow finance, Scottish Pacific Benchmark (SPB) is offering finance for small businesses who may be struggling to find the working capital they need. With more than $50 million available to new clients, SPB’s cash flow finance allows small businesses to draw down against […]
Invest your latent cash in a high interest account; you’ll be surprised at the difference even a couple of weeks makes compared with an ordinary transaction account. Most banks have a no fee, high interest online account that will allow you to transfer money to your transaction account, which means your cash is still accessible […]
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