Savings Accounts News

The latest savings accounts news and tips

Liz Seatter

Senior Finance Writer

RBA rate hikes: how much will the banks pass onto savers?

While households with mortgages are bracing for pain, Australian savers will be eagerly anticipating the upcoming RBA cash rate hikes. But don’t bank on your bank passing on every cash rate hike in full.

Savings Accounts

02 May, 2022

5 min read

RBA rate hikes: how much will the banks pass onto savers?

Liz Seatter

Senior Finance Writer

Kids’ savings accounts put to the test – how they stack up

RateCity.com.au has put over 50 kids’ savings accounts to the test to compare how they perform over time.

Savings Accounts

18 Apr, 2022

7 min read

Kids’ savings accounts put to the test – how they stack up

Alex Ritchie

Personal Finance Editor

Almost half of Aussies haven’t been able to save in 2022

Higher cost of living, global volatility, and the ongoing economic impacts of Covid-19 have started 2022 off with a bang. If you’re feeling the pinch of financial stress at the moment, you’re not alone with one in three people reporting “high” levels of stress.

Savings Accounts

03 Mar, 2022

4 min read

Almost half of Aussies haven’t been able to save in 2022

Mark Bristow

Personal Finance Editor

Australia’s savings to spur economic recovery

While Australians typically dip into their savings during times of economic crisis, recent lockdowns have led Aussies to deposit around one fifth of their income into savings, according to RBA governor Philip Lowe.

Savings Accounts

16 Dec, 2021

2 min read

Australia’s savings to spur economic recovery

Laine Gordon

Head of Public Relations

CBA shaves savings rates again after a year of micro-cuts

Australia’s largest bank, CBA, has today cut the rate on two of its popular savings accounts by up to 0.05 per cent.

Savings Accounts

15 Dec, 2021

3 min read

CBA shaves savings rates again after a year of micro-cuts

Liz Seatter

Senior Finance Writer

ANZ gives savings rates a haircut

Australia’s fourth largest bank, ANZ, has today cut the interest rate on its popular savings accounts by 0.05 per cent.

Savings Accounts

08 Dec, 2021

2 min read

Liz Seatter

Senior Finance Writer

Westpac cuts rates on popular savings accounts

Australia’s second largest bank, Westpac, has today cut savings rates by 0.05 per cent.

Savings Accounts

12 Nov, 2021

3 min read

Westpac cuts rates on popular savings accounts

Liz Seatter

Senior Finance Writer

NAB the latest bank to cut savings account rates

Australia’s third largest bank, NAB, has today cut savings rates by 0.05 per cent, following similar moves by CBA, ANZ and Westpac.

Savings Accounts

22 Oct, 2021

3 min read

NAB the latest bank to cut savings account rates

Alex Ritchie

Personal Finance Editor

CBA cuts popular savings rates for 7th time since the RBA cut

Australia’s largest bank, CBA, has today cut rates on its popular savings accounts. The RBA has not moved the cash rate since 3 November 2020, however, the bank has made seven cuts to its GoalSaver and NetBank Saver since then.

Savings Accounts

20 Oct, 2021

3 min read

Alex Ritchie

Personal Finance Editor

ANZ the 37th bank to cut savings rates in the last two months

Australia’s fourth largest bank, ANZ, has today cut the interest rates on its popular savings accounts by 0.10%. 37 banks have cut at least one savings rate in the last two months, including big four banks CBA and Westpac.

Savings Accounts

08 Oct, 2021

3 min read