Savings Accounts News

The latest savings accounts news and tips

Mark Bristow

Personal Finance Editor

Which bank has the best mobile app? Five questions to ask

A new research report has evaluated the mobile banking apps of Australia’s top lenders, and revealed which of Australia's leading banks has the best mobile app. But what questions can you ask a bank to work out if its app will suit your needs?

Savings Accounts

01 Nov, 2023

4 min read

Which bank has the best mobile app? Five questions to ask

Eden Radford

External Comms Lead

The highest savings rates take a tumble despite no RBA hike

Bank of Queensland and ME Bank have both sliced their high interest savings accounts in an out-of-cycle rate cut.

Savings Accounts

24 Oct, 2023

5 min read

The highest savings rates take a tumble despite no RBA hike

Eden Radford

External Comms Lead

ANZ cuts the rate on its Online Saver for the first time in 19 months

ANZ, the country’s fourth largest bank, has today cut the ongoing rate on its ANZ Online Saver account by 0.10 percentage points.

Savings Accounts

20 Oct, 2023

5 min read

ANZ cuts the rate on its Online Saver for the first time in 19 months

Mark Bristow

Personal Finance Editor

Some of the top-rated savings accounts in October 2023

The Reserve Bank of Australia (RBA) held the cash rate at 4.10% in October 2023 for the fourth month in a row. While it’s not yet certain if the cash rate has peaked, there are several banks offering savings accounts with interest rates that may be able to help you beat inflation.

Savings Accounts

05 Oct, 2023

3 min read

Some of the top-rated savings accounts in October 2023

Alex Ritchie

Personal Finance Editor

Is it better to get a term deposit or a high interest savings account?

With the cash rate set to stay on hold before potential rate cuts in 2024, is now the time to get a high interest savings account or lock in a term deposit rate?

Savings Accounts

26 Sep, 2023

6 min read

Is it better to get a term deposit or a high interest savings account?

Peter Terlato

Personal Finance Editor

Supercharge your savings with rates above 5.50% in September

Savings rates are at some of the highest levels in more than a decade. RateCity lists nine different banks offering ongoing rates of 5.50% or higher.

Savings Accounts

06 Sep, 2023

3 min read

Supercharge your savings with rates above 5.50% in September

Paul Marshall

CEO

How to stop your money from going backwards

Whether you’re saving up your hard-earned cash for a holiday, car, house deposit or just for a rainy day, you might consider stashing it in a savings account to help it grow. But what if this savings strategy is actually sending your money backwards?

Savings Accounts

31 Aug, 2023

5 min read

How to stop your money from going backwards

Eden Radford

External Comms Lead

Fuss-free savings accounts finally hit 5%

Savings rates with no monthly terms and conditions have hit a new highest ongoing rate of 5 per cent, with the launch of Unity Bank’s new MoneyMAX account.

Savings Accounts

17 Aug, 2023

5 min read

Fuss-free savings accounts finally hit 5%

Peter Terlato

Personal Finance Editor

Expand your savings with rates above 5.50% in August

Savings rates are at some of the highest levels in more than a decade. RateCity lists nine different banks offering ongoing rates of 5.50% or higher.

Savings Accounts

08 Aug, 2023

3 min read

Expand your savings with rates above 5.50% in August

Alex Ritchie

Personal Finance Editor

What are the highest savings account rates at the cash rate peak?

Today the Reserve Bank of Australia kept the cash rate on pause at 4.10%. However, one more hike has been forecast by some experts this year, and is expected to be the last increase in this cycle of tightening.

Savings Accounts

01 Aug, 2023

4 min read

What are the highest savings account rates at the cash rate peak?

Eden Radford

External Comms Lead

New highest savings rate hits market at 5.65%

The highest ongoing savings rate has hit 5.65 per cent, with ME Bank officially launching its HomeME savings account today.

Savings Accounts

17 Jul, 2023

4 min read

New highest savings rate hits market at 5.65%

Eden Radford

External Comms Lead

Parliamentary inquiry into major banks set to scrutinise savings rates

Australia’s major banks’ savings rates are set to come under fire from tomorrow as they front the House of Representatives Standing Committee on Economics.

Savings Accounts

11 Jul, 2023

5 min read