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

<p>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.&nbsp;</p> <p><br></p> <p>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.</p> <p><br></p> <p>We also mention that we have just released our <a href="https://mywealthplan.opespartners.co.nz/" target="_blank">My Wealth Plan software</a>, which you can use to see whether you are on track for retirement.</p>