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FOR IMMEDIATE RELEASE

Make Sense of Your Finances in 2002
with Yahoo! Australia & NZ

 

SYDNEY, January, 17 2002 - Whipping your finances into shape and having them work for you in 2002 may be easier than you think with the relaunch of Yahoo! Australia & NZ Personal Finance with Banking, Loan and Mortgage Centres (http://pfinance.yahoo.com.au).

The Loan, Banking and Mortgage Centres will put an end to the confusion of competing Australian credit card programs, inefficient bank loans and ambiguous bank fee policies by offering detailed, easy to follow models to help people find the best available financial tools in the market tailored to their individual needs.

Through a partnership with Infochoice, Yahoo! users can now research loans, savings, credit card and mortgage products all in the one place, allowing them to compare products and make an informed decision with just a click of the mouse.

Features include:

  • Extensive product comparison tables including interest rates and reward programs
  • News and views from the market which may affect consumers
  • Tips and tricks for what to look for and what to avoid
  • Glossary of financial terms

All relating to the following areas:

  • Loans - Personal, Business, Home
  • Banking - Accounts, Credit cards, Terms deposits and Internet banking

Ideal for the person who doesn't have time to shop around on their own, Yahoo! Australia & NZ Personal Finance offers a fast and easy way to compare a multitude of products online; with expert tips, tricks and features to help people make informed decisions when selecting a new credit card, mortgage or bank account.

"Now there's no excuse not to get the best deal," said Sali Taylor, Producer, Yahoo! Australia & NZ. "In just a few minutes you'll find all the data you need to take control of your finances and make real savings."

With the myriad of accounts, cards and loans in the market, Yahoo! Australia & NZ Personal Finance makes the choice easy.

All a person has to do is follow a simple step by step questionnaire. Eg: When searching for a credit card, the questions are: 1) what kind of card are you looking for (eg: debit, credit, charge)? 2) what's most important to you? (ie interest free days, reward programs, travel insurance, purchase insurance etc) 3) what state do you live in? A comprehensive, comparative table is then produced based on the information given, outlining the cards available in the market that best suit the person's needs.

The breakdown of information is so comprehensive that users can even compare reward programs down to the dollar value required to convert to frequent flyer points or other rewards i.e. currently to achieve $10 worth of petrol with American Express it costs $1,500, with the AMP card it costs $1,600 and with the Commonwealth Bank card it costs $1,440.

Finding a bank account is just as easy with customers inputting the kind of bank account they're after - be it cheque, transaction, passbook, cash management or even an account for Christmas. A comparative table is then produced giving breakdowns of state specific accounts. Interest rates and fees can also be compared upfront including the sometimes forgotten ATM, deposit/withdrawal and phone banking charges which appear in monthly statements. There's also a term deposit calculator that will help users work out how much interest they can earn with interest payable at different intervals.

Looking for a loan? Be it for business, personal, or for a home it will be a breeze with the 'loan selector'. Those in the market can choose the features they most want from their loan, click the GO! button and then be presented with a list of loans that meet their given requirements. If there are any terms that cause confusion, users can simply, click on the word to view a pop-up explanation!

For those after ideas about what to look for before making their decision the special 'tips and tricks' section offers lots of practical information to consider. Tips are given on topics including: offsetting mortgages, how fee rebates work, the benefits of online transactions, how to pay off loans faster, making the most of rate falls, using home equity to borrow and even how giving up smoking can benefit your bank balance in the long term!

With such a 'finance friendly' site, users can feel safe that the information they receive is straight forward, up to date, independent and the best in the market. In addition, other features on the Yahoo! Australia & NZ Finance site include a currency converter, personalised stock portfolios and plenty more!

To experience the ease and convenience of this unique service, visit Yahoo! Australia & NZ Personal Finance (http://pfinance.yahoo.com.au) and make 2002 the year your money works for you!

* ends *

About Yahoo! Australia & NZ
Yahoo! Australia & NZ is one of the most recognised Internet brands in the region. www.yahoo.com.au and the online auction site SOLD.com.au are part of the global network of Yahoo! sites. By working with leading local companies, Yahoo! Australia & NZ provides comprehensive and localised media, commerce and communication services to over four million Australians and New Zealanders each month. For marketers, government and businesses, the company offers intelligent, innovative and integrated marketing, selling and Internet broadcast solutions for maximum impact.Yahoo! Australia & NZ has offices in Sydney and Melbourne and can be found on the Web at www.yahoo.com.au and www.yahoo.co.nz

About Yahoo! Inc
Yahoo! Inc. is a leading global Internet communications, commerce and media company that offers a comprehensive branded network of services to more than 219 million individuals each month worldwide. As the first online navigational guide to the Web, www.yahoo.com is the leading guide in terms of traffic, advertising, household and business user reach. Yahoo! is the No. 1 Internet brand globally and reaches the largest audience worldwide. The company also provides online business and enterprise services designed to enhance the productivity and Web presence of Yahoo!'s clients. These services include Corporate Yahoo!, a popular customised enterprise portal solution; audio and video streaming; store hosting and management; and Web site tools and services. The company's global Web network includes 24 World properties. Headquartered in Sunnyvale, Calif., Yahoo! has offices in Europe, Asia, Latin America, Australia, Canada and the United States.

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Yahoo!, Yahoo! Australia & NZ, and the Yahoo! logo are trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.

For further information, photos or interviews, please contact:

Anna Featherstone Yahoo! Australia & NZ
Tel: 02 8925 0100
or email: pr@au.yahoo-inc.com

Copyright © 1994-2001 Yahoo! Inc. All Rights Reserved.