Savings Accounts News

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.

Nearly three quarters of Aussie couples clash over money

Valentine’s Day is just around the corner, but when it comes to your finances, mixing love and money is still proving tricky for many Aussies.

NAB becomes the third big bank to cut savings rates out-of-cycle

NAB has today cut two of its popular savings accounts by 0.15%, despite no move from the RBA since November. 23 banks have cut savings rates already in 2021, including CBA and Westpac last Friday and NAB today.

Can’t buy me love? Aussies prioritise finances over romance in 2021

ING Research shows that around 2.9 million Australians have reported feeling more financially prepared than ever for 2021, with many prioritising “financially fit” goals over romantic ones for the new year.