Are Banks Making Bank? How Much Banks Are Really Making Through Higher Interest Rates ⎜ Ep. 1190

In this episode, we discuss whether banks really are making enormous profits from higher interest rates, and whether property investors and first home buyers are paying too much in interest costs.  This includes a look at how banks set interest rates and the net interest margin that each bank makes when lending out money for residential property. We also take a look at the composition of each bank's funding. We also mention that we have just released our My Wealth Plan software, which you can use to see whether you are on track for retirement.