What is withholding tax on a savings account?

If you earn interest on your savings, it may be taxable, just like your wages. Your bank may withhold - or deduct - tax when paying out your interest.

What are ethical savings accounts?

Ethical savings accounts are growing in popularity in Australia, as more people make an active choice to bank with financial institutions that align with their values. So, is it time for you to make the switch to an ethical savings account?

Can I open a savings account for my grandchild?

Can grandparents set up savings accounts for grandchildren? Most banks and credit unions in Australia allow this in some way or another. Here’s what you need to know about opening a savings account for a grandchild.

Can you transfer money from your credit card to a savings account?

Can I transfer money from a credit card to a savings account? Yes, it’s possible to make a money transfer from your credit card to a bank account, but do note, you'll probably have to pay higher fees and interest.

A guide to dabbling in the newness of neobanks

There are some serious competitors in the finance world and neobanks are the space to watch. Here is everything you need to know if you’re considering dabbling in the world of neobanks.

Are savings accounts free?

They say there’s no such thing as a free lunch, and the same can be said about savings accounts.

The top savings accounts for kids in July 2020

Teaching your children about money can be a challenging part of parenting, but one of the more convenient ways to do so is through a kids savings account.

Can you visit a bank branch during COVID-19?

COVID-19 has changed the way Australians do a lot of everyday things, but when it comes to your banking, it’s crucial to know how visiting branches may be impacted.

Can a savings account help you grow wealth?

With interest rates on savings accounts at historic lows, many Australians with savings goals are probably wondering if they can still grow wealth through them.

How your bank account can help supersize your savings

Saving doesn’t have to be hard. HSBC’s Everyday Global Account could boost your savings with little effort, thanks to several included perks.