Daniel Ziffer

speaker

2,266 appearances 25 recordings 3 series first heard Apr 2026 last heard 9 Sep

Daniel Ziffer’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 25 in all, peaking in Jul 2026 with 14.

Appearances

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ABC Business Daily · Are you paying too much interest on your mortgage? · 29 Jul 2026 podcast

I don't trust the general public's ability to identify fake news. voice-verified

Offset accounts promise savings perks to mortgage borrowers across the country by lowering interest payments. voice-verified

But financial regulator ASIC says that many offset holders have been paying more interest than they should. voice-verified

So how have banks responded to the issue and how does this affect trust in the banking sector? voice-verified

And with today's fresh inflation figures showing an easing of the cost of living, does this mean that the RBA's rate hikes have been working? voice-verified

Welcome to ABC Business Daily. voice-verified

I'm Daniel Ziffer. voice-verified

Steph, a joy to be back with you. voice-verified

You've had a report hit your inbox from ASIC saying banks have had to pay back more than $55 million to offset account customers on interest they should not have paid. voice-verified

Before we get into it... voice-verified

How does an offset account work? voice-verified

So ASIC looked at eight banks and how they set up and linked and managed those kind of accounts over a two-year period. voice-verified

They looked at 200,000 home loans. voice-verified

What did they find? voice-verified

Steph, I hate to drag us back, but we discussed this issue during the Banking Royal Commission of 2018, including with one of the banks that was in this group that was examined. voice-verified

So they've struggled to identify kind of how the offset should work and inconsistently where there were failures. voice-verified

But it goes beyond that. voice-verified

It seems like they've failed to compensate customers and been very slow to fix the issues even when they've been identified. voice-verified

I mean, it's not a great sign. voice-verified

We talked about the fact that it was discussed, it was an issue at the Banking Royal Commission. voice-verified

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