How much it costs to binge on Queer Eye, Wolf Creek and Logan Paul

How much it costs to binge on Queer Eye, Wolf Creek and Logan Paul

Choose the right subscription TV service and you’ll never have to leave your couch again. Ever.

Our TV bingeing habits have changed over the past few years. If you think everyone’s got Netflix these days, you’re right. And if you think that Foxtel is a fading star, you’re also right.

Netflix now has 11.3 million subscribers, according to Roy Morgan Research, which is up 25 per cent on the year before. Foxtel (including Kayo Sports) has 4.9 million subscribers, which is down 9 per cent.

The basic Netflix package costs $9.99 per month and gives you access to unlimited movies and TV on one screen. That includes favourites like GLOW, Orange is the New Black, Black Mirror, House of Cards, Narcos, Stranger Things, The Crown, BoJack Horseman and Queer Eye.

The cheapest Foxtel package costs $29 per month and gives you access to 45 entertainment channels, including Fox8, Arena, TVHits, MTV, Lifestyle, BBC UKTV, Discovery Channel, National Geographic, Fox Classics, Sky News, Fox Sports News, Fox News and CNN.

By contrast, if you leave your couch to go to the cinema, tickets start from about $20.

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Stan v YouTube v Fetch v Amazon

While Netflix and Foxtel are the two biggest subscription services, they have four other rivals:

  • Stan = 2.6 million subscribers (up 45%)
  • YouTube Premium = 1.2 million subscribers (up 32%)
  • Fetch = 758,000 subscribers (up 9%)
  • Amazon Prime Video = 574,000 subscribers (up 117%)

Stan starts from $10 per month and – like the basic Netflix package – comes with unlimited movies and TV on one screen. That includes Bloom, Wolf Creek, Better Call Saul, RuPaul’s Drag Race, Billions, Miracle Workers, iZombie, No Activity and The Other Guy.

YouTube Premium, which starts from $14.99 per month, not only includes original YouTube channels like Logan Paul Vlogs, but also removes the ads and lets you download videos and music.

Amazon Prime Video costs only $6.99 per month, but has a much smaller range of movies and TV shows than Netflix and Stan.

Fetch is a little bit different. By paying a one-off fee of $170 for a Mini set-top box, you can watch catch-up TV, rewind live TV, and sync with Netflix and Stan.

Subscription TV costs

Service Cost Notes
Netflix – basic $9.99 / mth Unlimited movies and TV shows, 1 screen
Netflix – standard $13.99 / mth Unlimited movies and TV shows, 2 screens, HD
Netflix – premium $17.99 / mth Unlimited movies and TV shows, 4 screens, ultra HD
Foxtel – basic $29 / mth Entertainment package (45 channels)
Foxtel – medium $78 / mth Entertainment (45) + sport (12) + movies (10)
Foxtel – platinum HD $139 / mth All 92 channels, HD
Stan – basic $10 / mth Unlimited movies and TV shows, 1 screen
Stan – standard $14 / mth Unlimited movies and TV shows, 3 screens, HD
Stan – premium $17 / mth Unlimited movies and TV shows, 4 screens, ultra HD
YouTube Premium – basic $14.99 / mth Original content, no ads, able to download, Google Play Music, 1 account
YouTube Premium – family $22.99 / mth Original content, no ads, able to download, Google Play Music, 6 accounts
Fetch – Mini $170 Catch-up TV, rewind live TV, sync with Netflix and Stan, 30 movies, on-demand TV and movies (costs extra)
Fetch – Mighty $450 Record 585 hours of content, catch-up TV, rewind live TV, sync with Netflix and Stan, 30 movies, on-demand TV and movies (costs extra)
Amazon Prime Video $6.99 / mth Unlimited movies and TV shows

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Fact Checked -

This article was reviewed by Personal Finance Editor Alex Ritchie before it was published as part of RateCity's Fact Check process.

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Learn more about savings accounts

What are the two types of NAB locked savings accounts?

With a locked savings account in NAB, you can earn bonus interest and learn financial discipline. NAB offers two types of locked savings accounts, each with their own terms and conditions.

The NAB Reward Saver account pays a variable base interest rate of 0.05 per cent per annum and a bonus interest of 0.55 per cent. You’re eligible for the bonus if you make a minimum of one deposit on or before the second last banking day and have no withdrawals in the month.

Meanwhile, the NAB iSaver account provides 0.05 per cent as the standard base interest rate and a fixed bonus margin of 0.55 per cent during the first four months from the date of opening the account. You can park your cash in the account and enjoy unlimited monthly transfers between linked daily bank accounts without impacting the interest rate.

What is an ANZ locked savings account?

An ANZ locked savings account locks your money and prevents you from spending. You may use a standard savings account as the account where your salary is deposited. You can then withdraw funds when needed, but aren’t able to make purchases with it. However, this account may not grow much as the continual withdrawing of funds will limit the interest you can earn.

With a locked savings account in ANZ, you know your savings will grow because you can’t access the money. You can also qualify for a bonus when you deposit at least $10 per month and don’t make any withdrawals. To help you with this further you can set up an automatic transfer from your regular ANZ savings or transaction account so you don’t forget to make a monthly deposit.

Your ANZ locked savings account offers you a base interest rate of 0.1 per cent per annum plus an additional bonus interest of 0.49 per cent per year. The interest is calculated daily and credited to your account on the last working day of the month.

What is a Westpac locked savings account?

The Westpac locked savings account (also known as "Westpac Life") can help customers reach savings goals faster through bonus interest. Customers receive 0.2 per cent standard base interest with a variable bonus rate of 0.35 per cent when the closing balance at the end of the month is higher than the opening balance.

There are some conditions to earn the bonus interest on Westpac's locked savings account, though. First, you’ll need to increase the balance each month either through a deposit or not making any withdrawals, and then link it to a Westpac Choice account and make at least five eligible payments using your debit card. Please consult your bank as to what an eligible payment is. 

Can you have multiple ING savings accounts?

Yes, you can open up to nine accounts with ING at any particular time. If you’re saving money for various goals, such as buying a car or taking a holiday, you can name each of your multiple ING savings accounts differently.

To get a Savings Maximiser account, you’ll need to deposit more than $1000 every month and make at least five additional purchases. If you also want to grow your savings, from 1st March 2021, you can earn up to 1.35 per cent per annum variable interest on one account with a balance of up to $100,000 when you also maintain an Orange Everyday account.

With ING, multiple savings accounts can help keep track of all your savings goals. All the accounts offer flexible withdrawals where you can withdraw as low or as high as you want without impacting your earning interest rate. However, you can only earn the bonus interest on one account. To apply for a Savings Maximiser account, you can visit ingdirect.com.au.

Can you have a joint savings account?

Yes. Joint savings accounts can be useful for two or more people wanting to combine their savings to meet shared financial goals, including spouses, flatmates and business partners.

Some joint savings accounts require all parties to sign before they can access the money. While less convenient, this extra security can help encourage all parties to meet their shared financial goals.

Other joint savings accounts allow any of the account holders to access the money. These accounts can be convenient for financially responsible couples that trust one another implicitly. 

How can I get a $4000 loan approved?

While personal loans and medium amount loans don’t offer guaranteed approval, there are steps you can take to help increase the likelihood of your application being approved, including:

  • Fulfilling the eligibility criteria (providing ID, proof of residency, proof of income etc.)
  • Checking your credit history (you can order one free copy of your credit file per year, and make sure that there aren’t any errors that may be bringing down your credit score)
  • Comparing carefully before applying (making multiple loan applications can mean having your credit checked multiple times, which can look bad to some lenders and reduce your chances of being approved by them)

Should I open a Commonwealth locked savings account?

If you have trouble saving money, a Commbank locked savings account could be a potential solution. A locked savings account won’t let you make withdrawals and as such, it can help you grow your savings balance if you keep topping it up. 

The Commonwealth locked savings account advertises high-interest rates and minimal maintenance fees, along with a host of other incentives that will encourage you not to touch the money. 

The account offers a higher interest rate for each month that you make limited or no withdrawals, as well as regular deposits. 

To qualify for a Commonwealth locked savings account with the advertised features, you will need to fulfil specific criteria such as:

  • Depositing a fixed minimum amount into the account every month.
  • Making a fixed number of deposits each month.
  • Making a minimum or no withdrawals each month.
  • Maintaining a minimum account balance.

Can you set up direct debits from a savings account?

It’s not usually possible to set up a direct debit from your savings account to cover ongoing expenses or bills, as savings accounts are structured around growing your wealth by earning interest on regular deposits, and discouraging withdrawals.

Some transaction accounts allow you to set up direct debits and also earn interest, though you may not enjoy as much flexibility as a dedicated transaction account, or get as high an interest rate as a dedicated savings account.

How do I open a savings account?

Opening a savings account is a relatively simple process. If you’ve found an account with a suitable interest rate, you’ll just need to get in contact with your chosen lender via a branch, phone call or hop online to begin the process. 

You may be required to provide:

  • Personal details, including identification (driver’s license, passport etc.)
  • Tax file number
  • Employment details

How to open a savings account for my child?

Some banks and financial institutions allow parents to open a bank account for their child as soon as it is born, and start depositing funds to go towards the child’s future.

Children’s savings accounts generally don’t have fees, and are structured to help develop positive financial habits by limiting withdrawals, encouraging regular deposits, and earning interest on the savings, similarly to standard savings accounts.

How does interest work on savings accounts?

The type of interest savings accounts accrues is called compound interest. Compound interest is interest paid on the initial deposit amount, as well as the accumulated interest on money you have. This is different from simple interest where interest is paid at the end of a specified term. Compound interest allows you to earn interest on interest at a higher frequency. 

Example: John deposits $10,000 into a savings account with an interest rate of 5 per cent that he leaves untouched for 10 years. At the end of the first year he will have $10,512 in savings. After ten years, he will have saved $16,470.

What is a savings account?

A savings account is a type of bank account in which you earn interest on the money you deposit. This makes it one of the easiest and safest investment tools.

Can you direct deposit to a savings account?

Yes. You can make one off payments or set up regular direct deposits into a savings account. This can be organised easily through online banking or by making deposits in a branch. Talk to your lender to find out the easiest way for you to set up direct deposits.

Can you set up a savings account online?

Yes. Several large and small banks offer online applications for savings accounts, and there are also online-only financial institutions to consider.

Online-only savings accounts are often less expensive than other savings accounts, though they may not offer the same flexibility, features, or face-to-face service as more traditional savings accounts.