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Breaking Down Banking Jargon

Breaking down banking jargon

There’s nothing worse than the feeling of not understanding something – especially when it comes to your finances. At Heritage, we’re keen for our customers to understand what we are talking about when it comes to money. To help, we’ve compiled a list of the top banking jargon terms people get confused with and explained them in plain English.

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* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

The information provided is intended as general information only. Blogs have been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs. You should consider obtaining personal investment, taxation and/or legal advice before making any decision.  Please consider the Guide to Heritage Deposit Products (available in-branch, or at www.heritage.com.au) before you decide whether a product is right for you. Conditions, Criteria and Fees apply.