Savings Accounts News
The latest savings accounts news and tips
Mark Bristow
Personal Finance Editor
Some of the top-rated savings accounts in December 2024
Whatever your 2025 personal finance goals, it’s important to make sure you’re using the right kind of savings account to help you achieve it.
Savings Accounts
09 Dec, 2024
3 min read
Mark Bristow
Personal Finance Editor
What will happen to savings accounts when interest rates fall? Some of the top-rated savings accounts in November 2024
Putting part of your money into a savings account is traditionally one of the simplest ways to protect and grow your wealth. But how does this work if interest rates start falling?
Savings Accounts
06 Nov, 2024
3 min read
Laine Gordon
Money Editor
Highest savings rate takes a tumble
ME Bank has today sliced the bonus rate on its highest interest savings account from 5.55 per cent to 5.25 per cent, in an out-of-cycle rate cut.
Savings Accounts
01 Nov, 2024
5 min read
Vidhu Bajaj
Personal Finance Writer
Some of the top-rated savings accounts in October 2024
Compare some of the top-rated savings accounts from the month of October 2024. Explore interest rates, fees, and features to select the one that suits your needs.
Savings Accounts
08 Oct, 2024
3 min read
Laine Gordon
Money Editor
ANZ Plus makes major change for savers
ANZ has made changes to its ANZ Plus Save account, slashing the ongoing rate to 0.50 per cent, unless customers grow their balance by $100 or more each month.
Savings Accounts
01 Oct, 2024
4 min read
Laine Gordon
Money Editor
Westpac, ANZ adjust savings rates
Westpac has adjusted the rates on its Life savings accounts, dropping the base rates by 0.15 percentage points and lifting the bonus rates by the same amount.
Savings Accounts
20 Sep, 2024
4 min read
Mark Bristow
Personal Finance Editor
Some of the top-rated savings accounts in September 2024
Australia’s money in the bank recently hit another record high, despite cost-of-living pressures. But how long will this likely last in the face of potential future interest rate shifts?
Savings Accounts
04 Sep, 2024
3 min read
Laine Gordon
Money Editor
Household deposits hit $1.5 trillion: APRA
Australians squirrelled away an extra $30.81 billion in the month of July, as deposits from households hit another record high.
Savings Accounts
30 Aug, 2024
4 min read
Mark Bristow
Personal Finance Editor
Saving or spending? Some of the top-rated savings accounts in August 2024
If you recently dipped into your savings to splurge on end of financial year sales, you may not be alone. But new data indicates that Australians could soon be putting more money back into the bank again to help manage the high cost of living.
Savings Accounts
02 Aug, 2024
3 min read
Mark Bristow
Personal Finance Editor
What could a rate hike mean for your savings? Some of the top-rated savings accounts for July 2024
Reports indicate that inflation may be sticking around for longer than the Reserve Bank of Australia (RBA) would prefer. This means there’s a chance the central bank could raise the national cash rate again before the year is out, which could have a knock-on effect on your savings.
Savings Accounts
08 Jul, 2024
3 min read
Mark Bristow
Personal Finance Editor
Ubank increases savings rate to equal second highest in market
Digital bank Ubank has announced it will be increasing the maximum bonus interest rate from 5.10 per cent to 5.50 per cent on its Save product from 1 July 2024.
Savings Accounts
19 Jun, 2024
4 min read
Mark Bristow
Personal Finance Editor
Do you dip into your savings? Some of the top-rated savings accounts in June 2024
While many Australians have been stashing money in the bank to take advantage of higher interest rates, others have been dipping into their savings to better manage cost of living pressures. Depending on your saving goals and financial situation, it could be worth comparing savings accounts to find out if an alternative option could better suit your needs.
Savings Accounts
14 Jun, 2024
3 min read
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