Savings Accounts News

ANZ the 37th bank to cut savings rates in the last two months

Australia’s fourth largest bank, ANZ, has today cut the interest rates on its popular savings accounts by 0.10%. 37 banks have cut at least one savings rate in the last two months, including big four banks CBA and Westpac.

Westpac joins growing list of banks cutting savings rates

Australia’s second largest bank, Westpac, has today cut savings rates by up to 0.50 per cent across its popular accounts.

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Open your Citibank Online Saver account today

Maximum interest rate ranked in the best 20% (conditions may apply)Special intro rate

Maximum rate

1.10

% p.a

intro 4 months then 0.35%

Base rate

0.35

% p.a

Go to site Citi terms and conditions

An online-based savings account that rewards customers with a high introductory rate and no ongoing fees or minimum balance conditions.

CBA gives its popular savings accounts yet another haircut

Australia’s biggest bank, CBA, has today cut its savings rates by up to 0.07 per cent.

Afterpay banking – how it stacks up against the competition

RateCity.com.au has analysed Afterpay Money’s new transaction and savings accounts and compared them to what’s already on offer.

ANZ cuts savings rates

Big four bank, ANZ, has today cut its two main savings accounts by 0.05 per cent. This is the second time ANZ has cut its savings rates this year, despite the fact the cash rate has not moved since November 2020.

What do banks offer to win Australian savers over?

Many of us were taught the value of saving money for a rainy day. Traditionally, depositing money in your savings account could not only build up your “rainy day” fund, but earn you interest to help grow your wealth further.

AMP increases savings rate: which savings account type is the most competitive?

Savers across Australia may feel as if earning a decent interest rate on your savings account nest egg feels next to impossible. But a new offer from AMP is a timely reminder that it pays to shop around and compare your savings account options.

Some of the best kids savings accounts for March 2021

So, how can Aussie parents hoping to teach children about money and actually find a competitive interest rate to help grow their balances? This is where RateCity’s leaderboards come in.

Best savings accounts for March 2021

It’s another tough month for savers hoping to earn a high return on their savings account deposits, but there are still rates above 1 per cent available, if you’re willing to shop around.

NAB cuts savings rates - so where can you get a rate above 1 per cent?

It’s been a tough start to the year for Aussie savers, with Australia’s third biggest bank, NAB, has today cut savings rates on its main accounts by up to 0.10 per cent.

CBA cuts savings rates again as household deposits continue to rise

Australia’s biggest bank, CBA, has today cut savings rates on its main accounts for the second time this month and the fifth time since the November cash rate cut.

Macquarie Bank cuts savings rates, joins 50 lenders who’ve cut in 2021

Macquarie Bank has today revealed changes to its popular savings account, with cuts of 25 basis points in effect across its tiered variable account. Macquarie Bank joins the ranks of 50 other savings account providers who’ve cut interest rates since 1 January this year.

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Today's top savings accounts products

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Maximum rate

1.50%*

% p.a

Base rate

0.10

% p.a

*Deposit $2,000 or more into your Virgin Money Go Account from an external account, and make at least 5 debit card purchases, direct debit or BPAY payments in the previous month.

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Boost your savings with a 1.50% intro rate for 3 months on a bundled Virgin Money Boost Saver. Earn up to 1.20% thereafter when you meet the monthly criteria. Offer ends 30/11/2021.

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