Savings Accounts News

Westpac and NAB finally lift savings rates post June RBA hike

Westpac has today hiked rates on a handful of its savings accounts, following the historic double rate hike from the RBA at the beginning of this month.

What you can do about rising energy prices

With higher power prices on the horizon and the threat of power shortages dominating the news, millions of Australian households may be wondering how they can prepare for rising energy prices.

Finally, a whiff of competition: Macquarie, ING up the ante on savings rates

Macquarie and ING have today announced major increases to the interest rates on their transaction and savings accounts respectively.

Why a cash rate hike means good news for your savings

While the news focuses on the downsides of a cash rate hike homeowners, it’s important to remember higher rates could mean good news for your savings account and term deposit.

ANZ launches app-based Plus and Save accounts: how do they compare?

One of Australia’s biggest banks, ANZ, has launched a new banking app that offers customers both an everyday account and ‘multi-goal’ savings account. But how does it compare to other big bank offerings?

Welcome back high interest savings accounts: providers that have hiked savings rates

The latest cash rate hike from the Reserve Bank of Australia may mean that interest rates on savings accounts could be on the way up again. Discover which providers have hiked saver rates, including the big four banks.

RBA rate hikes: how much will the banks pass onto savers?

While households with mortgages are bracing for pain, Australian savers will be eagerly anticipating the upcoming RBA cash rate hikes. But don’t bank on your bank passing on every cash rate hike in full.

Kids’ savings accounts put to the test – how they stack up

RateCity.com.au has put over 50 kids’ savings accounts to the test to compare how they perform over time.

Almost half of Aussies haven’t been able to save in 2022

Higher cost of living, global volatility, and the ongoing economic impacts of Covid-19 have started 2022 off with a bang. If you’re feeling the pinch of financial stress at the moment, you’re not alone with one in three people reporting “high” levels of stress.

Australia’s savings to spur economic recovery

While Australians typically dip into their savings during times of economic crisis, recent lockdowns have led Aussies to deposit around one fifth of their income into savings, according to RBA governor Philip Lowe.