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Savings Accounts News

The latest savings accounts news and tips

Mark Bristow

Personal Finance Editor

Australia’s savings to spur economic recovery

While Australians typically dip into their savings during times of economic crisis, recent lockdowns have led Aussies to deposit around one fifth of their income into savings, according to RBA governor Philip Lowe.

Savings Accounts

16 Dec, 2021

2 min read

Australia’s savings to spur economic recovery
Laine Gordon

Head of Public Relations

CBA shaves savings rates again after a year of micro-cuts

Australia’s largest bank, CBA, has today cut the rate on two of its popular savings accounts by up to 0.05 per cent.

Savings Accounts

15 Dec, 2021

3 min read

CBA shaves savings rates again after a year of micro-cuts
Liz Seatter

Senior Finance Writer

ANZ gives savings rates a haircut

Australia’s fourth largest bank, ANZ, has today cut the interest rate on its popular savings accounts by 0.05 per cent.

Savings Accounts

08 Dec, 2021

2 min read

ANZ gives savings rates a haircut
Liz Seatter

Senior Finance Writer

Westpac cuts rates on popular savings accounts

Australia’s second largest bank, Westpac, has today cut savings rates by 0.05 per cent.

Savings Accounts

12 Nov, 2021

3 min read

Westpac cuts rates on popular savings accounts
Liz Seatter

Senior Finance Writer

NAB the latest bank to cut savings account rates

Australia’s third largest bank, NAB, has today cut savings rates by 0.05 per cent, following similar moves by CBA, ANZ and Westpac.

Savings Accounts

22 Oct, 2021

3 min read

NAB the latest bank to cut savings account rates
Alex Ritchie

Personal Finance Editor

CBA cuts popular savings rates for 7th time since the RBA cut

Australia’s largest bank, CBA, has today cut rates on its popular savings accounts. The RBA has not moved the cash rate since 3 November 2020, however, the bank has made seven cuts to its GoalSaver and NetBank Saver since then.

Savings Accounts

20 Oct, 2021

3 min read

CBA cuts popular savings rates for 7th time since the RBA cut
Alex Ritchie

Personal Finance Editor

ANZ the 37th bank to cut savings rates in the last two months

Australia’s fourth largest bank, ANZ, has today cut the interest rates on its popular savings accounts by 0.10%. 37 banks have cut at least one savings rate in the last two months, including big four banks CBA and Westpac.

Savings Accounts

08 Oct, 2021

3 min read

ANZ the 37th bank to cut savings rates in the last two months
Mark Bristow

Personal Finance Editor

Westpac joins growing list of banks cutting savings rates

Australia’s second largest bank, Westpac, has today cut savings rates by up to 0.50 per cent across its popular accounts.

Savings Accounts

17 Sep, 2021

4 min read

Westpac joins growing list of banks cutting savings rates
Laine Gordon

Head of Public Relations

CBA gives its popular savings accounts yet another haircut

Australia’s biggest bank, CBA, has today cut its savings rates by up to 0.07 per cent.

Savings Accounts

31 Aug, 2021

3 min read

CBA gives its popular savings accounts yet another haircut
Liz Seatter

Senior Finance Writer

Afterpay banking – how it stacks up against the competition

RateCity.com.au has analysed Afterpay Money’s new transaction and savings accounts and compared them to what’s already on offer.

Savings Accounts

21 Jul, 2021

4 min read

Afterpay banking – how it stacks up against the competition
Alex Ritchie

Personal Finance Editor

ANZ cuts savings rates

Big four bank, ANZ, has today cut its two main savings accounts by 0.05 per cent. This is the second time ANZ has cut its savings rates this year, despite the fact the cash rate has not moved since November 2020.

Savings Accounts

04 Jun, 2021

3 min read

ANZ cuts savings rates
Mark Bristow

Personal Finance Editor

What do banks offer to win Australian savers over?

Many of us were taught the value of saving money for a rainy day. Traditionally, depositing money in your savings account could not only build up your “rainy day” fund, but earn you interest to help grow your wealth further.

Savings Accounts

06 May, 2021

4 min read

What do banks offer to win Australian savers over?