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Relevant Savings Accounts articles and tips
Alex Ritchie
Personal Finance Editor
How much faster can you save for a home deposit with a higher cash rate?
Could first home buyers save a home faster in a higher cash rate environment? Ordinarily yes, but there are external factors at play right now that will impact the time it takes to save for a deposit.
Savings Accounts
18 Jul, 2022
5 min read
Jodie Humphries
Personal Finance Editor
What is the Parenting Payment and how can it help me?
Eligible parents struggling to meet costs related to child-raising can apply for Government support in the form of the Parenting Payment and Family Tax Benefit.
Savings Accounts
02 Jun, 2022
4 min read
Vidhu Bajaj
Personal Finance Writer
Automate your savings with an automatic savings account
Do you notice your fortnightly car repayments, iphone bill or charity contributions when they are direct debited from your account? Based on the same concept as direct debiting, setting up an automatic savings plan can help you to save more and help you reach your financial goals sooner.
Savings Accounts
02 May, 2022
7 min read
Jodie Humphries
Personal Finance Editor
What are the different types of interest?
Depending on the financial product, you could be paid or charged either simple interest or compound interest. Ask your bank about how interest is calculated on your accounts.
Savings Accounts
23 Mar, 2022
3 min read
Jodie Humphries
Personal Finance Editor
What to look for in a multi-currency account
If you’re looking to travel overseas in the future or trade in foreign cash, you may be interested in an account where you can keep multiple currencies in one place. Several financial institutions offer foreign currency or multi-currency accounts with affordable fees. Read on to know more about these accounts.
Savings Accounts
29 Apr, 2021
3 min read
Jodie Humphries
Personal Finance Editor
What are the pros and cons of a savings account?
Want to open a savings account but not sure if it’s the right financial decision? It may be worth weighing up the pros and cons of having a savings account to help you decide.
Savings Accounts
19 Apr, 2021
5 min read
Jodie Humphries
Personal Finance Editor
Tax on Interest Earned: How much do you pay? | RateCity
You need to add the interest earned from your savings account to the income you declare on your tax return and pay tax on the total.
Savings Accounts
16 Feb, 2021
4 min read
Jodie Humphries
Personal Finance Editor
Get better interest rates: variable savings accounts vs term deposits
Variable savings accounts or term deposits, which will provide the highest return on your savings? Learn more about both to make an informed decision.
Savings Accounts
02 Feb, 2021
3 min read
Jodie Humphries
Personal Finance Editor
What is withholding tax on a savings account?
If you earn interest on your savings, it may be taxable, just like your wages. Your bank may withhold - or deduct - tax when paying out your interest.
Savings Accounts
29 Jan, 2021
5 min read
Jodie Humphries
Personal Finance Editor
What are ethical savings accounts?
Ethical savings accounts are growing in popularity in Australia, as more people make an active choice to bank with financial institutions that align with their values. So, is it time for you to make the switch to an ethical savings account?
Savings Accounts
27 Jan, 2021
5 min read
Jodie Humphries
Personal Finance Editor
Can I open a savings account for my grandchild?
Can grandparents set up savings accounts for grandchildren? Most banks and credit unions in Australia allow this in some way or another. Here’s what you need to know about opening a savings account for a grandchild.
Savings Accounts
26 Jan, 2021
4 min read
Jodie Humphries
Personal Finance Editor
Can you transfer money from your credit card to a savings account?
Can I transfer money from a credit card to a savings account? Yes, it’s possible to make a money transfer from your credit card to a bank account, but do note, you'll probably have to pay higher fees and interest.
Savings Accounts
25 Jan, 2021
4 min read
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Mark Bristow
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Peter Terlato
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15 Nov, 2023
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Vidhu Bajaj
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28 Mar, 2023
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