Savings Accounts News

The latest savings accounts news and tips

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

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

Laine Gordon

Head of Public Relations

RBA likely to hike by 0.50% but how much will the banks pass onto savers?

The Reserve Bank is expected to hike the cash rate by 0.50 percentage points today, but banks are unlikely to pass on this rate hike in full to every customer.

Savings Accounts

05 Jul, 2022

4 min read

RBA likely to hike by 0.50% but how much will the banks pass onto savers?

Liz Seatter

Senior Finance Writer

Savings rates inch north as CBA and ANZ hike select accounts

CBA and ANZ have both hiked select savings accounts today by up to 0.30 percentage points.

Savings Accounts

30 Jun, 2022

4 min read

Savings rates inch north as CBA and ANZ hike select accounts

Mia Steiber

20 cost of living savings tips

With the cost of living reaching boiling point, here is a list of savings tips that could help you live your day-to-day life with a sense of normalcy. Don’t cut back your lifestyle, just pay less for it.

Savings Accounts

24 Jun, 2022

13 min read

Laine Gordon

Head of Public Relations

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.

Savings Accounts

24 Jun, 2022

5 min read

Westpac and NAB finally lift savings rates post June RBA hike

Alex Ritchie

Personal Finance Editor

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.

Savings Accounts

14 Jun, 2022

6 min read

What you can do about rising energy prices

Laine Gordon

Head of Public Relations

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.

Savings Accounts

09 Jun, 2022

4 min read

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

Alex Ritchie

Personal Finance Editor

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.

Savings Accounts

07 Jun, 2022

6 min read

Why a cash rate hike means good news for your savings

Liz Seatter

Senior Finance Writer

RBA rate hike: Why savers shouldn’t hold their breath hoping for a boost

Analysis from RateCity.com.au shows only 58 per cent of banks hiked at least one savings rate following the May 0.25 percentage point RBA hike.

Savings Accounts

07 Jun, 2022

4 min read

RBA rate hike: Why savers shouldn’t hold their breath hoping for a boost

Alex Ritchie

Personal Finance Editor

ANZ Plus Review & Interest Rate Comparison | RateCity

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?

Savings Accounts

26 May, 2022

4 min read

ANZ Plus Review & Interest Rate Comparison | RateCity

Liz Seatter

Senior Finance Writer

The savings accounts coming up trumps post RBA hike

3% is the new highest maximum ongoing rate for young Australians and 1.60% is the new highest ongoing rate for all adults.

Savings Accounts

20 May, 2022

4 min read

The savings accounts coming up trumps post RBA hike

Alex Ritchie

Personal Finance Editor

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.

Savings Accounts

04 May, 2022

3 min read