Australian couples need to work together on their finances to reduce stress, reveals MyState Bank research

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Money is driving conflict, secrets and stress among Australian couples, according to new research from MyState Bank, which is urging all Australian couples to devote more time to working together on their finances this Valentine’s day. The Love and Money Survey was commissioned by MyState Bank and surveyed over 1000 people in a relationship. While 62% of […]

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MyState launches new managed fund platform

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MyState Limited (ASX:MYS), the banking and wealth management group, today announced that its wealth management business, TPT Wealth, has launched a new platform providing managed fund investors with national digital services. MyState’s Managing Director and CEO, Melos Sulicich, said, “We are modernising wealth services for managed fund investors as part of a multi-year ongoing investment […]

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Parents call for greater education to help children navigate cashless society, says MyState Bank

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As Australia heads towards a digital world, Australian parents are concerned about the impact a cashless society would have on their children, with 67% believing the shift to digital will leave their children financially worse off, according to new research from MyState Bank. MyState Bank says a ‘cashless society’ refers to a society where cash […]

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Nine in 10 Aussie Dads just want priceless time with family this Father’s Day – not useless gifts

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Gift givers should ditch cliché gifts like socks, wine and clothes this Father’s Day, with new research by MyState Bank revealing nine in 10 Aussie Dad’s put a family experience at the top of their wish list. The survey of 1,001 Australians commissioned by MyState Bank revealed that a huge 48% of Dad’s have received […]

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Six in 10 Australians say their mood negatively impacts their savings habits

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Boredom and ‘bad days’ are among the biggest savings roadblocks for Australians, along with social media influencers, peer pressure from friends, and Buy Now, Pay Later services according to new research by MyState Bank. MyState Bank research revealed Australia is a nation of emotional spenders, with 62% of Australians saying their emotional state, such as […]

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MyState Bank cuts home loan interest rates

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In response to the Reserve Bank of Australia’s (RBA) cash rate decision, MyState Bank has today announced a decrease to home loan interest rates of 20 basis points, effective 15 July 2019 for new loans and 29 July 2019 for existing loans. MyState Bank interest only loans will decrease by 10 basis points for both […]

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MyState grows loan book but profit down against a backdrop of external challenges

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MyState Limited has announced that net profit after tax for 1H FY19 was $14.4 million compared with $15.8 million in the pcp. Managing Director and Chief Executive Officer, Melos Sulicich, said: “The lower result reflected higher funding costs as well as investment to deliver a new platform that will facilitate growth of the funds management […]

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MyState Bank moves to Comprehensive Credit Reporting

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MyState Bank will be in a better position to match customers with the right type of product for their specific credit situation, after the nation-wide bank today announced it has become one of the first banks in Australia to be fully compliant with Comprehensive Credit Reporting (CCR) obligations. Under the CCR regime, positive credit history, […]

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MyState calls for regulation changes to encourage bank competition

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MyState Limited reported a net profit after tax of $31.5 million for the year ended 30 June 2018, up 4.6% on the year before. This strong result was supported by benefits from its investment in digitisation which have improved services for customers, as well as by productivity gains and cost management. Speaking at the company’s […]

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MyState delivers high quality result

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MyState Limited has announced net profit after tax of $31.5 million, up 4.6% compared to the previous corresponding period. Earnings per share were 34.97 cents, up 0.93 cents per share (+2.7%). The Board declared a final dividend of 14.5 cents per share, fully franked, consistent with the previous year and payable on 25 September 2018 […]

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