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Savings Accounts Articles

Relevant Savings Accounts articles and tips

Mark Bristow

Personal Finance Editor

What are savings account conditions?

Earning the maximum interest from a savings account may require you to meet certain conditions, such as making regular deposits or minimal withdrawals. If you don’t fulfil these conditions, you may earn less interest on your savings, or even none at all.

Savings Accounts

22 Jan, 2024

4 min read

What are savings account conditions?
Peter Terlato

Personal Finance Editor

How much does the average Australian have in savings?

Savings can provide a safety net for individuals and households during periods of financial difficulty or stress. But how much does the average Australian actually have stashed away in their savings account?

Savings Accounts

15 Nov, 2023

3 min read

How much does the average Australian have in savings?
Vidhu Bajaj

Personal Finance Writer

How much should you have in your savings account?

We’re constantly told that we should be building up savings, but how do you work out how much you should have in savings? Here are some things that will help.

Savings Accounts

28 Mar, 2023

8 min read

How much should you have in your savings account?
Jodie Humphries

Personal Finance Editor

What is compound interest, and how does it help me?

Currently, the rate of interest on most savings accounts is low, so growing your money may seem hard. But one thing that can help to increase your savings is compound interest. What is compound interest, and how is it calculated?

Savings Accounts

09 Mar, 2023

3 min read

What is compound interest, and how does it help me?
Mark Bristow

Personal Finance Editor

How much of my pay should go to savings?

Whether you earn a salary or run your own business, you need to look over your finances from time to time to make sure what you earn meets your needs and lets you put aside some money for a rainy day. If you find yourself wondering how much you should save up, you may not find an easy answer. However, you can approach the question from a couple of different angles.

Savings Accounts

23 Feb, 2023

5 min read

How much of my pay should go to savings?
Jodie Humphries

Personal Finance Editor

Term deposit rates vs bonus savings accounts

Term deposits and high-interest savings accounts are two popular options to grow your savings but which one is right for you?

Savings Accounts

06 Feb, 2023

4 min read

Term deposit rates vs bonus savings accounts
Jodie Humphries

Personal Finance Editor

Simple interest vs compound interest: Understanding the difference

When you deposit your money in a bank account it earns interest, but which kind? It’s helpful to know how simple interest vs compound interest may affect your savings

Savings Accounts

20 Dec, 2022

4 min read

Simple interest vs compound interest: Understanding the difference
Jodie Humphries

Personal Finance Editor

Does it cost money to open a savings account?

Banks may not charge you a savings account opening fee, but they may charge other fees. So, it may be a good idea to compare the fees charged by different banks.

Savings Accounts

18 Nov, 2022

3 min read

Does it cost money to open a savings account?
Jodie Humphries

Personal Finance Editor

How can a bonus saver account help me build my savings?

Bonus saver accounts allow you to earn a higher rate of interest if you meet certain conditions, such as increasing the balance each month and restricting withdrawals. Find out how they work and whether opening one can help you.

Savings Accounts

18 Nov, 2022

3 min read

How can a bonus saver account help me build my savings?
Jodie Humphries

Personal Finance Editor

How can I increase my savings quickly?

Increasing your savings can be easy if you are willing to put the time and effort into it. There are steps and tips to follow that will help you achieve your savings goals sooner.

Savings Accounts

27 Oct, 2022

4 min read

How can I increase my savings quickly?
Georgia Brown

Personal Finance Editor

What do you need to apply for a savings account?

If you’re looking to open a new savings account, there are a few things you’ll need to have ready for your application.

Savings Accounts

16 Aug, 2022

3 min read

What do you need to apply for a savings account?
Georgia Brown

Personal Finance Editor

How to prepare for a recession

With some economic experts speculating that Australia could enter a mild recession by the end of 2023, it’s worth getting your finances in check ahead of time.

Savings Accounts

20 Jul, 2022

6 min read

How to prepare for a recession

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product data updated on

Product data updated on 21 May 2024