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Bank Accounts News

The latest bank accounts news and tips

Laine Gordon

Head of Public Relations

Gift cards: the naughty and nice list this Christmas

RateCity.com.au has today revealed its annual ‘naughty and nice’ gift card list, with nearly one in three Australians estimated to buy gift cards this Christmas. 

Bank Accounts

16 Dec, 2021

10 min read

Gift cards: the naughty and nice list this Christmas
Alex Ritchie

Personal Finance Editor

Branches and ATMs on the decline as Aussies move away from cash

Access to face-to-face points of contact, such as bank branches and ATMs, fell in the last financial year, as COVID-19 strikes another nail in the coffin of cash. ANZ ditched nearly half of its ATMs and closed 1 in 5 branches.

Bank Accounts

21 Oct, 2021

3 min read

Branches and ATMs on the decline as Aussies move away from cash
Alex Ritchie

Personal Finance Editor

ING announces it will pay customer bills up to $100 a year

ING will help its Orange Everyday customers by providing 1% cashback on their gas, water, and electricity bills. The offer will be effective from 1 December 2021, capped at $100 per financial year.

Bank Accounts

25 Aug, 2021

3 min read

ING announces it will pay customer bills up to $100 a year
Laine Gordon

Head of Public Relations

CBA StepPay launches today – how it stacks up in a crowded BNPL market

Australia’s largest bank, CBA, has today launched its new buy now, pay later service, ‘StepPay’.

Bank Accounts

18 Aug, 2021

6 min read

CBA StepPay launches today – how it stacks up in a crowded BNPL market
Mark Bristow

Personal Finance Editor

Which banks are offering financial relief to customers affected by the latest lockdowns?

With several areas around Australia locking down to help halt the spread of COVID-19, several of Australia’s leading banks have introduced measures to provide support and financial relief to customers who are doing it tough.

Bank Accounts

01 Jul, 2021

4 min read

Which banks are offering financial relief to customers affected by the latest lockdowns?
Alex Ritchie

Personal Finance Editor

How to perform a financial health check for the new financial year

The new financial year is almost upon us and it’s the perfect time to take stock of your personal finances and perform a financial health check. Using RateCity comparison tools, such as tables and calculators, let’s look at how you may perform a financial health check.

Bank Accounts

30 Jun, 2021

6 min read

How to perform a financial health check for the new financial year
Alex Ritchie

Personal Finance Editor

Over a quarter of Aussies feel better about their finances than a year ago

Just over a quarter of Australians feel better about their finances than 12 months ago, according to research from the latest RateCity survey. There are some actions you may want to consider to take back control.

Bank Accounts

04 Jun, 2021

4 min read

Over a quarter of Aussies feel better about their finances than a year ago
Georgia Brown

Personal Finance Editor

Most Aussies paying with savings over credit as debit card use sharply rises: ABA

Payment by debit cards in Australia has outweighed credit cards by almost three times, according to new data released by the Australian Banking Association (ABA).

Bank Accounts

01 Jun, 2021

3 min read

Most Aussies paying with savings over credit as debit card use sharply rises: ABA
Alex Ritchie

Personal Finance Editor

Australians stash an extra $124 billion in the bank in the year since COVID

New figures out today from APRA show Australians have deposited an extra $124.14 billion in the bank since COVID hit. At the same time people have been stashing their cash, the interest rates offered on savings have plummeted.

Bank Accounts

03 May, 2021

4 min read

Australians stash an extra $124 billion in the bank in the year since COVID
Laine Gordon

Head of Public Relations

1 in 3 Australians have fallen victim to a financial scam

Almost one third of Australians have been hit by a financial scam, new RateCity research shows. Scams included credit card hacks, identity theft and people who had been tricked into handing over money.

Bank Accounts

22 Apr, 2021

4 min read

1 in 3 Australians have fallen victim to a financial scam
Mark Bristow

Personal Finance Editor

Banks offer support for customers affected by NSW floods

With entire regions of central New South Wales being affected by severe flooding, several of Australia’s banks have offered relief and support packages for affected customers.

Bank Accounts

22 Mar, 2021

3 min read

Banks offer support for customers affected by NSW floods
Alex Ritchie

Personal Finance Editor

Best bank accounts for January 2021

As savings accounts and term deposit rates dip below 1 per cent, ensuring you have the most competitive bank account can be a great way to kick off your 2021 financial health check.

Bank Accounts

07 Jan, 2021

2 min read

Best bank accounts for January 2021