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Savings Accounts News

The latest savings accounts news and tips

Mark Bristow

Personal Finance Editor

Some of the top-rated savings accounts in September 2024

Australia’s money in the bank recently hit another record high, despite cost-of-living pressures. But how long will this likely last in the face of potential future interest rate shifts?

Savings Accounts

04 Sep, 2024

3 min read

Some of the top-rated savings accounts in September 2024
Laine Gordon

Head of Public Relations

Household deposits hit $1.5 trillion: APRA

Australians squirrelled away an extra $30.81 billion in the month of July, as deposits from households hit another record high.

Savings Accounts

30 Aug, 2024

4 min read

Household deposits hit $1.5 trillion: APRA
Mark Bristow

Personal Finance Editor

Saving or spending? Some of the top-rated savings accounts in August 2024

If you recently dipped into your savings to splurge on end of financial year sales, you may not be alone. But new data indicates that Australians could soon be putting more money back into the bank again to help manage the high cost of living.

Savings Accounts

02 Aug, 2024

3 min read

Saving or spending? Some of the top-rated savings accounts in August 2024
Mark Bristow

Personal Finance Editor

What could a rate hike mean for your savings? Some of the top-rated savings accounts for July 2024

Reports indicate that inflation may be sticking around for longer than the Reserve Bank of Australia (RBA) would prefer. This means there’s a chance the central bank could raise the national cash rate again before the year is out, which could have a knock-on effect on your savings.

Savings Accounts

08 Jul, 2024

3 min read

What could a rate hike mean for your savings? Some of the top-rated savings accounts for July 2024
Mark Bristow

Personal Finance Editor

Ubank increases savings rate to equal second highest in market

Digital bank Ubank has announced it will be increasing the maximum bonus interest rate from 5.10 per cent to 5.50 per cent on its Save product from 1 July 2024.

Savings Accounts

19 Jun, 2024

4 min read

Ubank increases savings rate to equal second highest in market
Mark Bristow

Personal Finance Editor

Do you dip into your savings? Some of the top-rated savings accounts in June 2024

While many Australians have been stashing money in the bank to take advantage of higher interest rates, others have been dipping into their savings to better manage cost of living pressures. Depending on your saving goals and financial situation, it could be worth comparing savings accounts to find out if an alternative option could better suit your needs.

Savings Accounts

14 Jun, 2024

3 min read

Do you dip into your savings? Some of the top-rated savings accounts in June 2024
Mark Bristow

Personal Finance Editor

Saving for a rainy day? Some of the top-rated savings accounts in May 2024

How are you managing your savings? Whether you have a savings goal you’re actively working to achieve, or are simply regularly putting a little aside for a rainy day, you’ll want to be confident that you have a savings account that suits your needs. Comparing savings accounts could be an important first step on the road to financial security.

Savings Accounts

13 May, 2024

3 min read

Saving for a rainy day? Some of the top-rated savings accounts in May 2024
Eden Radford

External Comms Lead

Australians sitting on $1.47 trillion in deposits - another record high

Money in the bank from households hit another record high in March, with new figures from APRA revealing Australians stashed more than $8.2 billion in the bank in just one month.

Savings Accounts

30 Apr, 2024

4 min read

Australians sitting on $1.47 trillion in deposits - another record high
Mark Bristow

Personal Finance Editor

Are you spending smarter? How saving can affect your budget

New data has revealed some of the spending and saving strategies that Australians are using to help manage cost of living pressures. But how could the way you manage these savings affect your household budget and financial goals?

Savings Accounts

12 Apr, 2024

3 min read

Are you spending smarter? How saving can affect your budget
Mark Bristow

Personal Finance Editor

Some of the top-rated savings accounts in April 2024

How long will you be able to make the most of the interest on your savings account? With economists forecasting interest rate cuts later in the year, the days of making maximum interest returns on your wealth may be numbered. There are a few different savings strategies you could consider, which could better suit some household budgets than others.

Savings Accounts

10 Apr, 2024

3 min read

Some of the top-rated savings accounts in April 2024
Mark Bristow

Personal Finance Editor

Some of the top-rated savings accounts in March 2024

How big a difference does your savings account interest rate really make? You may be surprised by the effect that a high-rate savings account could have on your wealth, depending on your saving strategy. Just make sure that the account you choose is one that suits your needs and can help you reach your goals.

Savings Accounts

15 Mar, 2024

3 min read

Some of the top-rated savings accounts in March 2024
Eden Radford

External Comms Lead

What you could get with the difference in interest from a high interest savings account

The interest rate on your savings account can sometimes make the difference between you having a savings goal, and you achieving it.

Savings Accounts

28 Feb, 2024

3 min read

What you could get with the difference in interest from a high interest savings account