SAVINGS ACCOUNTS

News, info and tips to help you save smarter

Claim lost super

Superannuation which is lost or unclaimed is referred to as lost super. Over time employees accumulate lost super when they:

  • Move and change address
  • Change names
  • Change employees and start up a new super fund

This can become a problem when you continue paying fees for every super account you've lost, instead of just the one you are currently using. Instead of gaining super you are losing money in fees for lost super accounts. 

At the end of June 2009, The Australian Taxation Office (ATO) estimated that there was $13.6 billion worth of lost super. The ATO has setup SuperSeeker which is a tool that assists people with tracking down their lost super and consolidate them to the one fund to save for their retirement.

Another way to save and reach your saving goal sooner is with an online savings account with a high interest rate. The table to the right lists current high interest savings accounts that could help you grow your wealth today.

This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Savings Accounts from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers and may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. See the rating methodology. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a savings-account, you will deal directly with a financial institution, and not with RateCity. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.