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Savings Accounts News

The latest savings accounts news and tips

Mia Steiber

Cutting the cost of living: 20 tips to save on essentials

With the cost of living reaching boiling point, here is a list of savings tips that could help you live your day-to-day life with a sense of normalcy. Don’t cut back your lifestyle, just pay less for it.

Savings Accounts

24 Jun, 2022

13 min read

20 cost of living savings tips
Laine Gordon

Head of Public Relations

Westpac and NAB finally lift savings rates post June RBA hike

Westpac has today hiked rates on a handful of its savings accounts, following the historic double rate hike from the RBA at the beginning of this month.

Savings Accounts

24 Jun, 2022

5 min read

Westpac and NAB finally lift savings rates post June RBA hike
Alex Ritchie

Personal Finance Editor

What you can do about rising energy prices

With higher power prices on the horizon and the threat of power shortages dominating the news, millions of Australian households may be wondering how they can prepare for rising energy prices.

Savings Accounts

14 Jun, 2022

6 min read

What you can do about rising energy prices
Laine Gordon

Head of Public Relations

Finally, a whiff of competition: Macquarie, ING up the ante on savings rates

Macquarie and ING have today announced major increases to the interest rates on their transaction and savings accounts respectively.

Savings Accounts

09 Jun, 2022

4 min read

Finally, a whiff of competition: Macquarie, ING up the ante on savings rates
Alex Ritchie

Personal Finance Editor

Why a cash rate hike means good news for your savings

While the news focuses on the downsides of a cash rate hike homeowners, it’s important to remember higher rates could mean good news for your savings account and term deposit.

Savings Accounts

07 Jun, 2022

6 min read

Why a cash rate hike means good news for your savings
Liz Seatter

Senior Finance Writer

RBA rate hike: Why savers shouldn’t hold their breath hoping for a boost

Analysis from RateCity.com.au shows only 58 per cent of banks hiked at least one savings rate following the May 0.25 percentage point RBA hike.

Savings Accounts

07 Jun, 2022

4 min read

RBA rate hike: Why savers shouldn’t hold their breath hoping for a boost
Alex Ritchie

Personal Finance Editor

ANZ launches app-based Plus and Save accounts: how do they compare?

One of Australia’s biggest banks, ANZ, has launched a new banking app that offers customers both an everyday account and ‘multi-goal’ savings account. But how does it compare to other big bank offerings?

Savings Accounts

26 May, 2022

4 min read

ANZ Plus Review & Interest Rate Comparison | RateCity
Liz Seatter

Senior Finance Writer

The savings accounts coming up trumps post RBA hike

3% is the new highest maximum ongoing rate for young Australians and 1.60% is the new highest ongoing rate for all adults.

Savings Accounts

20 May, 2022

4 min read

The savings accounts coming up trumps post RBA hike
Alex Ritchie

Personal Finance Editor

Welcome back high interest savings accounts: providers that have hiked savings rates

The latest cash rate hike from the Reserve Bank of Australia may mean that interest rates on savings accounts could be on the way up again. Discover which providers have hiked saver rates, including the big four banks.

Savings Accounts

04 May, 2022

3 min read

Welcome back high interest savings accounts: providers that have hiked savings rates
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