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.
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.
Australia’s second largest bank, Westpac, has today reduced their savings rates by up to 0.20 per cent.
The humble piggy bank can take a backseat to this new financial tool helping your kids understand and save money.
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.
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.
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?
You might’ve heard that the Australian stock market has been on a bit of tear, jumping 14.6 per cent since the start of the year.
Bank Australia has taken the concept of spare change and made it digital.
Prices keep going up, up, up! Except, actually, they don’t, or at least not always.
If you’re looking for a savings account with high interest rates, you might be going about it the wrong way.
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Whatever your employment situation, we could all benefit from earning more and spending less.
Australians looking to grow their wealth over time with the help of a high-interest savings account have a new alternative to consider from online investment adviser and fund manager, Stockspot.
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