Media Centre

2009 Media Releases

GE Money's Coles Group Source MasterCard wins Money magazine's 2010 "Best of the Best" award for fourth year in a row

29 December 2009
The Coles Group Source MasterCard, issued by GE Money, has been crowned best non-bank transactor credit card for the fourth year in a row in Money magazine's 2010 Best of the Best awards.

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Top ten tips for financial savings this Christmas to set you on track for a debt-free 2010

21 December 2009
It's that time of the year again when Australians battle crowds to buy copious amounts of Christmas presents and then splurge at the post-Christmas sales.

 

To ensure that Australian consumers take control of their personal finances Lisa Davis, Managing Director of Money Direct for GE Money has compiled ten easy tips to help Australians keep track of their finances this Christmas and celebrate a debt-free 2010.

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GE Money announces home loan variable interest rate changes

4 December 2009
GE Money has announced that following the latest review of its cost of funding it will increase home loan variable interest rates by 40 basis points for mortgages previously sold through third party mortgage managers, brokers and other introducers and AMS (previously Wizard) in Australia.

The rate change is effective Wednesday, 09 December 2009 (Thursday, 17 December for non-conforming loans).

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Australian CEOs choose GE Australia

23 November 2009
GE Australia has been recognised as one of Australia's top ten most respected companies in the BRW Most Respected Companies for 2009 survey.

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GE Money announces home loan variable interest rate changes

5 November 2009
GE Money has announced that following the latest review of its cost of funding it will increase home loan variable interest rates by 25 basis points for mortgages previously sold through third party mortgage managers, brokers and other introducers and AMS (previously Wizard) in Australia.

The rate change is effective Wednesday, 11 November 2009 (Friday, 13 November for non-conforming loans).
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GE Money announces home loan variable interest rate changes

14 October 2009
Following the recent Reserve Bank decision to increase the cash rate by 25 basis points, GE Money has announced it will increase home loan variable interest rates by 25 basis points for mortgages previously sold through third party mortgage managers, brokers and other introducers and AMS (previously Wizard).

The rate increase is effective 14 October 2009. 
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GE Money simplifies fees and introduces advanced online service centre

2 September 2009
GE Money has announced that it will simplify fees for all consumer products and introduce a new online service centre for store and card customers as part of a strategic business review and system upgrade to simplify account management for its 3.1 million customers.
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GE Money reduces home loan variable interest rate by
.1 per cent.


15 April 2009
GE Money has announced it will reduce home loan variable interest rates by 10 basis points for mortgages previously sold through third party mortgage managers, brokers and other introducers and AMS (previously Wizard) following the latest review of its cost of funding and the recent Reserve Bank’s change to the cash rate.
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GE Money credit card customers to access Westpac ATMs for withdrawal and credit balance transactions without incurring ATM Owner fees from 3 March. 

02 March 2009
GE Money Australia today announced that from Tuesday 3 March all GE Money customers with credit cards with ATM capability can access more than 1,700 Westpac ATMs across Australia for their balance enquiries and withdrawals without incurring ATM Owner fees.
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GE Money Home Lending Australia to waive fees to assist home loan account holders to move to another lender.

19 February 2009
GE Money Home Lending Australia today announced that from 1 March 2009 it will temporarily waive the Deferred Administration Fee (DAF) for its home loan customers to assist them in moving to another lender. This is in response to its inability to pass on any of the recent cash rate cut due to the continuing high cost of funds on the wholesale money markets.
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GE Money to assist customers affected by fire and flood

9 February 2009
GE Money Australia and New Zealand CEO, Mike Cutter, today outlined a package of practical measures the company has put in place to help customers affected by the Victorian bushfires and floods in Queensland.
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GE Capital announces plans for its Australia and New Zealand business and reiterates commitment to the market as an integral part of its regional and global operations

4 February 2009
GE Capital today outlined its long-term growth plans for its Australia and New Zealand business with the aim of becoming the ‘smart alternative’ to the big four banks for a variety of consumer and commercial finance needs. GE Capital is integrating the operations of GE’s two main finance businesses – GE Money and GE Commercial Finance – to leverage the scale and the strengths of a combined business.
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GE Money, Alicia Molik, John Fitzgerald and Mark Woodforde take the tennis to the people with community partner activities celebrating participation at the 2009 Australian Open.

25 January 2009
Australian tennis icons Alicia Molik, Mark Woodforde and John Fitzgerald and special guest Olympic 100m hurdles silver medalist Sally McLellan will headline GE Money’s community partner events during the 2009 Australian Open. These events aim to celebrate GE Money’s involvement as official lender of the premier sporting event in the country with as many people as possible.
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GE Money plays both a centre court and grassroots support role at the 2009 Australian Open in its third year as official lender

12 January 2009
GE Money today announced it is delighted to be ‘official lender’ of the 2009 Australian Open in its third year of a partnership with the premier sporting event in Australia as it unveiled plans for increased community partner involvement to celebrate the event with as many people as possible.
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