Savings Accounts News
The latest savings accounts news and tips
Alex Ritchie
Personal Finance Editor
Highest savings rate for all adults to reach 5.25% from ING: what you need to know
ING has revealed it is increasing its highest ongoing variable savings rate by 25 basis points to 5.25%. This will be the highest savings account rate for adults on the RateCity database.
Savings Accounts
05 May, 2023
4 min read
Laine Gordon
Head of Public Relations
Westpac and ANZ announce RBA hikes: what it means for homeowners and savers
Westpac and ANZ have today announced they will pass on Tuesday’s 0.25 percentage point RBA hike to mortgage customers. Both banks have also announced increases for select savings customers, but not all.
Savings Accounts
04 May, 2023
4 min read
Alex Ritchie
Personal Finance Editor
How high could savings and term deposit rates go in 2023?
With the big banks predicting even more cash rate hikes to come, how high could savings account and term deposit interest rates climb in 2023? It could be by another 75 basis points, bringing savings rates to above 5%.
Savings Accounts
02 May, 2023
5 min read
Alex Ritchie
Personal Finance Editor
ACCC to put the blowtorch on savings rates: which banks will pass the test?
Sub-standard savings accounts that have not kept up with the rising cash rate are likely to come under scrutiny over the next month as the ACCC calls for submissions into its retail deposits inquiry.
Savings Accounts
21 Apr, 2023
7 min read
Peter Terlato
Personal Finance Editor
Highest interest savings rates over 5% in April 2023
This is the highest the cash rate has been since mid-2012, encouraging banks to offer high-interest savings rates not seen in years.
Savings Accounts
06 Apr, 2023
3 min read
Alex Ritchie
Personal Finance Editor
How you could save over $1,700 in a year (with very little effort)
Millions of Australian savers may be able to boost their nest eggs by $1,766 in just one year through a high interest rate savings account.
Savings Accounts
04 Apr, 2023
5 min read
Peter Terlato
Personal Finance Editor
Could a banking crisis happen in Australia?
Australia’s banking landscape is not facing the same risks of catastrophe or contagion that has plagued lenders like Silicon Valley Bank, Signature Bank and First Republic Bank in the United States.
Savings Accounts
20 Mar, 2023
4 min read
Alex Ritchie
Personal Finance Editor
Top rated savings accounts and term deposits revealed: RateCity Gold Award winners
Shopping around for a new place to store your savings? RateCity has revealed the winners of the fourth annual RateCity Gold Awards in its Savings Accounts and Term Deposit categories.
Savings Accounts
16 Mar, 2023
4 min read
Mark Bristow
Personal Finance Editor
Which banks have hiked savings account and term deposit rates in March 2023?
The Reserve Bank of Australia’s (RBA’s) mission to bring down high inflation has seen the national cash rate increase for the 10th straight monthly meeting as of March 2023. With several Australian banks and Authorised Deposit-taking Institutions (ADIs) passing this rate rise on to savers, more Australian savings account interest rates are starting to hit the 5.00% mark.
Savings Accounts
13 Mar, 2023
4 min read
Alex Ritchie
Personal Finance Editor
ING announces new highest ongoing savings rate for all adults
ING has today announced it will be increasing the maximum rate on its Savings Maximiser to 5.00%. When this takes effect next Tuesday, it will be the highest ongoing savings rate available to all adults.
Savings Accounts
10 Mar, 2023
4 min read
Peter Terlato
Personal Finance Editor
Score rates above 5% with some of the best savings accounts in March 2023
The highest interest savings accounts are now above 5 per cent, with Bank of Queensland offering a conditional rate of 5.15 per cent to some customers.
Savings Accounts
09 Mar, 2023
3 min read
Alex Ritchie
Personal Finance Editor
Some of the highest savings account introductory rates for new customers
Is your current savings account struggling to keep up with the latest cash rate hikes? You may be able to nab a competitive savings account interest rate just by making yourself a new customer.
Savings Accounts
07 Mar, 2023
4 min read
Trending articles
Mark Bristow
Personal Finance Editor
12 Apr, 2024
Are you spending smarter? How saving can affect your budget
Mark Bristow
Personal Finance Editor
10 Apr, 2024
Some of the top-rated savings accounts in April 2024
Mark Bristow
Personal Finance Editor
15 Mar, 2024
Some of the top-rated savings accounts in March 2024
Popular searches
Best savings accounts
>High interest savings accounts
>Best savings accounts for over 100K
>Pensioner savings accounts
>Joint savings accounts
>Big 4 banks savings accounts
>Children's savings accounts
>Retirement savings accounts
>Best savings account for over 50s
>Best savings accounts for over 50K
>No monthly minimum savings accounts
>Popular savings accounts
>Related calculators
Share this page
