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Savings Accounts Articles

Relevant Savings Accounts articles and tips

Jodie Humphries

Personal Finance Editor

How can a bonus saver account help me build my savings?

Bonus saver accounts allow you to earn a higher rate of interest if you meet certain conditions, such as increasing the balance each month and restricting withdrawals. Find out how they work and whether opening one can help you.

Savings Accounts

18 Nov, 2022

3 min read

How can a bonus saver account help me build my savings?
Jodie Humphries

Personal Finance Editor

How can I increase my savings quickly?

Increasing your savings can be easy if you are willing to put the time and effort into it. There are steps and tips to follow that will help you achieve your savings goals sooner.

Savings Accounts

27 Oct, 2022

4 min read

How can I increase my savings quickly?
Georgia Brown

Personal Finance Editor

What do you need to apply for a savings account?

If you’re looking to open a new savings account, there are a few things you’ll need to have ready for your application.

Savings Accounts

16 Aug, 2022

3 min read

What do you need to apply for a savings account?
Georgia Brown

Personal Finance Editor

How to prepare for a recession

With some economic experts speculating that Australia could enter a mild recession by the end of 2023, it’s worth getting your finances in check ahead of time.

Savings Accounts

20 Jul, 2022

6 min read

How to prepare for a recession
Alex Ritchie

Personal Finance Editor

How much faster can you save for a home deposit with a higher cash rate?

Could first home buyers save a home faster in a higher cash rate environment? Ordinarily yes, but there are external factors at play right now that will impact the time it takes to save for a deposit.

Savings Accounts

18 Jul, 2022

5 min read

How much faster can you save for a home deposit with a higher cash rate?
Jodie Humphries

Personal Finance Editor

What is the Parenting Payment, and how can it help me?

Eligible parents struggling to meet costs related to child-raising can apply for Government support in the form of the Parenting Payment and Family Tax Benefit.

Savings Accounts

02 Jun, 2022

4 min read

What is the Parenting Payment and how can it help me?
Vidhu Bajaj

Personal Finance Writer

Automate your savings with an automatic savings account

Do you notice your fortnightly car repayments, iphone bill or charity contributions when they are direct debited from your account? Based on the same concept as direct debiting, setting up an automatic savings plan can help you to save more and help you reach your financial goals sooner.

Savings Accounts

02 May, 2022

7 min read

Automate your savings with an automatic savings account
Jodie Humphries

Personal Finance Editor

What are the different types of interest?

Depending on the financial product, you could be paid or charged either simple interest or compound interest. Ask your bank about how interest is calculated on your accounts.

Savings Accounts

23 Mar, 2022

3 min read

What are the different types of interest?
Jodie Humphries

Personal Finance Editor

What to look for in a multi-currency account

If you’re looking to travel overseas in the future or trade in foreign cash, you may be interested in an account where you can keep multiple currencies in one place. Several financial institutions offer foreign currency or multi-currency accounts with affordable fees. Read on to know more about these accounts.

Savings Accounts

29 Apr, 2021

3 min read

What to look for in a multi-currency account
Jodie Humphries

Personal Finance Editor

What are the pros and cons of a savings account?

Want to open a savings account but not sure if it’s the right financial decision? It may be worth weighing up the pros and cons of having a savings account to help you decide.

Savings Accounts

19 Apr, 2021

5 min read

What are the pros and cons of a savings account?
Jodie Humphries

Personal Finance Editor

Get better interest rates: variable savings accounts vs term deposits

Variable savings accounts or term deposits, which will provide the highest return on your savings? Learn more about both to make an informed decision.

Savings Accounts

02 Feb, 2021

3 min read

Get better interest rates: variable savings accounts vs term deposits
Jodie Humphries

Personal Finance Editor

What is withholding tax on a savings account?

If you earn interest on your savings, it may be taxable, just like your wages. Your bank may withhold - or deduct - tax when paying out your interest.

Savings Accounts

29 Jan, 2021

5 min read

What is withholding tax on a savings account?