Savings Accounts News

The latest savings accounts news and tips

Liz Seatter

Senior Finance Writer

Higher home loan rates kick in today as NAB and ANZ concede some savings hikes

While variable mortgage rates are on the rise today for most big four bank customers, savings rates are also going up – but only on select accounts.

Savings Accounts

16 Sep, 2022

6 min read

Higher home loan rates kick in today as NAB and ANZ concede some savings hikes

Liz Seatter

Senior Finance Writer

CBA’s surprise RBA move – some savers to see rates rise by 0.60%

Australia’s largest bank has announced it is passing on 0.60% point rate increases onto its popular GoalSaver and Youthsaver accounts.

Savings Accounts

09 Sep, 2022

4 min read

Liz Seatter

Senior Finance Writer

8 banks increase savings rates beyond the RBA hikes – could rates hit 4%?

If the RBA hikes by another 0.50 percentage points this afternoon, the highest ongoing savings rate could potentially climb over 4 per cent

Savings Accounts

06 Sep, 2022

3 min read

8 banks increase savings rates beyond the RBA hikes – could rates hit 4%?

Liz Seatter

Senior Finance Writer

Highest savings rate now trumps the lowest mortgage rate

Virgin Money has hiked its top savings rate to 3.60 per cent. This means the highest ongoing savings rate on the market is now above the lowest home loan rate of 3.10 per cent.

Savings Accounts

26 Aug, 2022

4 min read

Highest savings rate now trumps the lowest mortgage rate

Mark Bristow

Personal Finance Editor

ANZ has a change of heart and hikes some of its savings accounts

ANZ has had a change of heart, today hiking some of its savings accounts, after initially leaving them untouched following the August cash rate increase.

Savings Accounts

19 Aug, 2022

4 min read

ANZ has a change of heart and hikes some of its savings accounts

Peter Terlato

Personal Finance Editor

Young savers are big winners as interest rates surge

On the back of tax season, people are re-assessing their budgets, seeking ways to invest and grow their tax returns. Banks are hoping to woo new customers and are enticing youthful clients with exclusive, high-interest savings accounts.

Savings Accounts

15 Aug, 2022

3 min read

Young savers are big winners as interest rates surge

Mark Bristow

Personal Finance Editor

Most Australians worried about cost of living: where can you cut costs and save?

With both inflation and rising interest rates pushing up the cost of living around Australia, many of us are considering different ways to cut expenses and save a dollar or two. But where can Australians make the most effective cuts to their household budgets, and how can they maximise their savings?

Savings Accounts

04 Aug, 2022

3 min read

Most Australians worried about cost of living: where can you cut costs and save?

Laine Gordon

Head of Public Relations

Complacent savers lose out, despite rate hikes

Complacent savers are potentially missing out on hundreds of dollars in interest, as the gap widens between some of the highest and lowest savings rates on the back of the RBA hikes.

Savings Accounts

01 Aug, 2022

5 min read

Complacent savers lose out, despite rate hikes

Liz Seatter

Senior Finance Writer

Competition forces savings rates up as Westpac and NAB hike

In a much-needed boost for savers, big four banks, Westpac and NAB, have today hiked rates on their popular saving accounts.

Savings Accounts

22 Jul, 2022

5 min read

Competition forces savings rates up as Westpac and NAB hike

Liz Seatter

Senior Finance Writer

Big four bank savings rate hikes start from today – has your account gone up?

The big four banks have started to raise savings rates – but only on select accounts.

Savings Accounts

15 Jul, 2022

6 min read

Big four bank savings rate hikes start from today – has your account gone up?

Laine Gordon

Head of Public Relations

ING increases savings rate to 2.60% as banks finally deliver for savers

ING has today announced it will be increasing the interest rate on its Savings Maximiser to 2.60 per cent – the new highest ongoing savings rate in the market for all adults, effective 12 July.

Savings Accounts

07 Jul, 2022

3 min read

ING increases savings rate to 2.60% as banks finally deliver for savers

Alex Ritchie

Personal Finance Editor

Where to find the highest rate savings accounts and term deposits?

There is one significant upside to the Reserve Bank of Australia hiking the cash rate: savings account and term deposit rates are on the rise. So, where can you find the highest saver rates?

Savings Accounts

05 Jul, 2022

5 min read