Savings Accounts News

Savings Slump: Westpac cuts up to 0.10% off savings account interest rates

Westpac group has today cut savings rates by up to 0.10 per cent even though the RBA left rates on hold last month. Australia’s second largest bank now has a max savings rate of 1.91 per cent, for just five months.

Sally TindallSep 20, 2019( 2 min read )

Resuscitate your nest egg with these simple tips

Aussies will certainly be feeling the pinch as financial institutions slash savings and term deposit rates to record-lows. Here are a few simple steps you can follow to help boost your nest egg.

Alex RitchieSep 16, 2019( 5 min read )

How to find a bank account that rewards you

If you want a simple way to earn a little money on your savings, what should you look for when choosing a bank account?

Mark BristowAug 9, 2019( 3 min read )

CBA cuts savings rates by up to 0.25 per cent

Australia’s largest bank, CBA, has reduced its savings rates by up to 0.25 per cent. This means all four big banks have now cut their savings rates following the July RBA cash rate cuts.

Laine GordonJul 23, 2019( 3 min read )

Westpac cuts savings rates as CBA continues to hold out (for now)

Australia’s second largest bank, Westpac, has today reduced their savings rates by up to 0.20 per cent.

Liz SeatterJul 19, 2019( 4 min read )

The new fintech helping kids understand money

The humble piggy bank can take a backseat to this new financial tool helping your kids understand and save money.

Alex RitchieJul 17, 2019( 3 min read )

ANZ and NAB first big banks to cut savings rates again

ANZ and NAB have today reduced their savings rates following the Reserve Bank’s 2 July decision to cut the cash rate to 1 per cent.

Alex RitchieJul 12, 2019( 4 min read )

Tough time for savers as the big four banks slash interest rates

RateCity.com.au data shows that over 47 banks have dropped their savings rates since the RBA cash rate cut on June 4, including ING, AMP, Bank of Queensland, ME, Suncorp and Bendigo, in addition to the big 4 banks.

Alex RitchieJun 26, 2019( 4 min read )

How could a cash rate cut affect your savings?

Speculation is building that the Reserve Bank of Australia (RBA) may soon cut the nation’s cash rate for the first time in years. While many home owners and property investors may welcome this news, what effect would a rate cut have on Australians keeping their wealth in saving accounts or term deposits?

Mark BristowJun 1, 2019( 4 min read )