RateCity.com.au
  1. Home
  2. Savings Accounts
  3. Articles

Savings Accounts Articles

Relevant Savings Accounts articles and tips

Vidhu Bajaj

Personal Finance Writer

What is a cash management account and how is it different from a savings account?

Learn how Cash Management Accounts (CMAs) offer flexibility, transaction management, and interest earning, making them ideal for investors and SMSFs.

Savings Accounts

01 Dec, 2024

5 min read

What is a cash management account and how is it different from a savings account?
Mark Bristow

Personal Finance Editor

How to prepare for and manage the rising cost of living

There are steps you can take to prepare for a rising cost of living, as well as ways you can manage your household budget to help relieve some of the pressure.

Savings Accounts

14 Nov, 2024

8 min read

How to prepare for and manage the rising cost of living
Mark Bristow

Personal Finance Editor

What's the difference between a savings account and a transaction account?

When it comes to personal banking, it’s important to choose the most competitive option for storing and accessing your money.

Savings Accounts

11 Nov, 2024

6 min read

What's the difference between a savings account and a transaction account?
Peter Terlato

Personal Finance Editor

How much does the average Australian have in savings?

Savings can provide a safety net for individuals and households during periods of financial difficulty or stress. But how much does the average Australian actually have stashed away in their savings account?

Savings Accounts

14 Aug, 2024

3 min read

How much does the average Australian have in savings?
Vidhu Bajaj

Personal Finance Writer

Tax on interest earned: How much do you pay?

You need to add the interest earned from your savings account to the income you declare on your tax return and pay tax on the total.

Savings Accounts

02 Jul, 2024

4 min read

Tax on interest earned: How much do you pay?
Mark Bristow

Personal Finance Editor

What are savings account conditions?

Earning the maximum interest from a savings account may require you to meet certain conditions, such as making regular deposits or minimal withdrawals. If you don’t fulfil these conditions, you may earn less interest on your savings, or even none at all.

Savings Accounts

22 Jan, 2024

4 min read

What are savings account conditions?
Vidhu Bajaj

Personal Finance Writer

How much should you have in your savings account?

We’re constantly told that we should be building up savings, but how do you work out how much you should have in savings? Here are some things that will help.

Savings Accounts

28 Mar, 2023

8 min read

How much should you have in your savings account?
Jodie Humphries

Personal Finance Editor

What is compound interest, and how does it help me?

Currently, the rate of interest on most savings accounts is low, so growing your money may seem hard. But one thing that can help to increase your savings is compound interest. What is compound interest, and how is it calculated?

Savings Accounts

09 Mar, 2023

3 min read

What is compound interest, and how does it help me?
Mark Bristow

Personal Finance Editor

How much of my pay should go to savings?

Whether you earn a salary or run your own business, you need to look over your finances from time to time to make sure what you earn meets your needs and lets you put aside some money for a rainy day. If you find yourself wondering how much you should save up, you may not find an easy answer. However, you can approach the question from a couple of different angles.

Savings Accounts

23 Feb, 2023

5 min read

How much of my pay should go to savings?
Jodie Humphries

Personal Finance Editor

Term deposit rates vs bonus savings accounts

Term deposits and high-interest savings accounts are two popular options to grow your savings but which one is right for you?

Savings Accounts

06 Feb, 2023

4 min read

Term deposit rates vs bonus savings accounts
Jodie Humphries

Personal Finance Editor

Simple interest vs compound interest: Understanding the difference

When you deposit your money in a bank account it earns interest, but which kind? It’s helpful to know how simple interest vs compound interest may affect your savings

Savings Accounts

20 Dec, 2022

4 min read

Simple interest vs compound interest: Understanding the difference
Jodie Humphries

Personal Finance Editor

Does it cost money to open a savings account?

Banks may not charge you a savings account opening fee, but they may charge other fees. So, it may be a good idea to compare the fees charged by different banks.

Savings Accounts

18 Nov, 2022

3 min read

Does it cost money to open a savings account?

Promoted savings accounts products

MyState Bank Limited

Bonus Saver Account

Real Time Rating™

  • 2024 Award Winner
  • Bonus interest with conditions
  • App banking
  • Online banking

Maximum rate p.a.

5.00%*

Base rate p.a.

0.05%

ING

Savings Accelerator (Kick Starter offer)

Real Time Rating™

  • Intro offer rate
  • App banking
  • Online banking
  • Linked account required

Maximum rate p.a.

3.55%

intro 4 months then 2.85%

Base rate p.a.

2.85%

Westpac Banking Corporation Ltd

eSaver

Real Time Rating™

  • Bonus interest with conditions
  • Intro offer rate
  • App banking
  • Online banking

Maximum rate p.a.

5.00%

intro 5 months then 1.45%*

Base rate p.a.

1.10%

Westpac Banking Corporation Ltd

Life

Real Time Rating™

  • Bonus interest with conditions
  • App banking
  • Online banking
  • Linked account required

Maximum rate p.a.

5.00%*

Base rate p.a.

1.85%

product data updated on

Product data updated on 21 Dec 2024