Savings Accounts News

State of play - savings accounts then and now

It’s more important than ever for Aussies to take charge of their finances and ensure they’re getting the most competitive deal on their savings account(s).

Alex RitchieApr 16, 2020( 5 min read )

ING offers savers lifeline amidst coronavirus crisis

ING has offered its savers a lifeline amidst the COVID-19 crisis, as more and more Aussies find themselves out of work and/or on a reduced income.

Alex RitchieApr 10, 2020( 3 min read )

How the coronavirus has affected how Australians save and spend

Australians are changing the way they save and spend money, as the impacts of COVID-19 on people’s everyday lives become more noticeable.

Alison CheungApr 9, 2020( 3 min read )

CBA savings rates changes a reminder to give your savings a health check

Australia’s biggest bank, CBA, has cut the bonus rates on its Goal Saver account today by up to 0.35 per cent while increasing the base rate on this account by 0.09 per cent.

Laine GordonApr 3, 2020( 3 min read )

The savings accounts with higher interest rates than home loans

While home loan interest rates have plunged to as low as 2.09 per cent, some banks have lifted their short-term savings rates to as high as 2.65 per cent for new customers.

Liz SeatterMar 27, 2020( 3 min read )

What are ADIs and how could they protect your savings?

With the RBA slashing Australia's cash rate, and big banks cutting savings rates, it's getting harder and harder to find savings accounts paying interest at a rate higher than inflation. In times like these, many Aussies are searching for alternative options to the big banks to help grow their wealth.

Mark BristowMar 18, 2020( 4 min read )

Westpac the last of the big four to cut savings rates

Australia’s second largest bank, Westpac, has this afternoon announced it will cut savings rates between 0.05 and 0.25 per cent, effective from Tuesday next week.

Liz SeatterMar 13, 2020( 2 min read )

NAB and ANZ take the knife to savings rates post RBA cut

Australia’s 3rd and 4th largest banks, NAB and ANZ, have today dropped interest rates on savings accounts on the back of this month’s cut to the cash rate.

Alex RitchieMar 13, 2020( 3 min read )

Regular savers take the fall as CBA cuts bonus rates

Australia’s biggest bank, CBA, has today cut interest rates on some savings accounts by up to 0.30 per cent on the back of last week’s cut to the cash rate.

Liz SeatterMar 9, 2020( 3 min read )

Australians becoming more anxious about their finances

Financial wellbeing among Australians is suffering amidst mounting concerns over retirement plans, mortgages and personal debts.

Alison CheungFeb 26, 2020( 4 min read )

5 easy ways to save hundreds by Christmas

Here are a few ways you can inject some extra cash into your savings account this holiday season.

Alex RitchieNov 25, 2019( 3 min read )

Looking to get cash out? Over 1000 ATMs cut across Australia

With the growing interest in online banking services, it may not be surprising to learn that the number of ATMs and branches is shrinking.

Alex RitchieOct 29, 2019( 4 min read )

Westpac the last of the big four to cut

Westpac has today dropped the interest rate on its savings accounts; the last of the big four banks to pass on cuts to savers this month.

Laine GordonOct 16, 2019( 4 min read )

Savers suffer as big banks cut bonus rates

ANZ and NAB have today cut the interest rates on their savings accounts on the back of last week’s cut to the cash rate, affecting millions of customers.

Alex RitchieOct 10, 2019( 4 min read )

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.