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Savings Accounts News

The latest savings accounts news and tips

Alex Ritchie

Personal Finance Editor

AMP increases savings rate: which savings account type is the most competitive?

Savers across Australia may feel as if earning a decent interest rate on your savings account nest egg feels next to impossible. But a new offer from AMP is a timely reminder that it pays to shop around and compare your savings account options.

Savings Accounts

03 Apr, 2021

4 min read

AMP increases savings rate: which savings account type is the most competitive?
Alex Ritchie

Personal Finance Editor

Some of the best kids savings accounts for March 2021

So, how can Aussie parents hoping to teach children about money and actually find a competitive interest rate to help grow their balances? This is where RateCity’s leaderboards come in.

Savings Accounts

25 Mar, 2021

2 min read

Some of the best kids savings accounts for March 2021
Alex Ritchie

Personal Finance Editor

Best savings accounts for March 2021

It’s another tough month for savers hoping to earn a high return on their savings account deposits, but there are still rates above 1 per cent available, if you’re willing to shop around.

Savings Accounts

19 Mar, 2021

3 min read

Best savings accounts for March 2021
Alex Ritchie

Personal Finance Editor

NAB cuts savings rates - so where can you get a rate above 1 per cent?

It’s been a tough start to the year for Aussie savers, with Australia’s third biggest bank, NAB, has today cut savings rates on its main accounts by up to 0.10 per cent.

Savings Accounts

10 Mar, 2021

3 min read

NAB cuts savings rates - so where can you get a rate above 1 per cent?
Laine Gordon

Head of Public Relations

CBA cuts savings rates again as household deposits continue to rise

Australia’s biggest bank, CBA, has today cut savings rates on its main accounts for the second time this month and the fifth time since the November cash rate cut.

Savings Accounts

26 Feb, 2021

4 min read

CBA cuts savings rates again as household deposits continue to rise
Alex Ritchie

Personal Finance Editor

Macquarie Bank cuts savings rates, joins 50 lenders who’ve cut in 2021

Macquarie Bank has today revealed changes to its popular savings account, with cuts of 25 basis points in effect across its tiered variable account. Macquarie Bank joins the ranks of 50 other savings account providers who’ve cut interest rates since 1 January this year.

Savings Accounts

26 Feb, 2021

4 min read

Macquarie Bank cuts savings rates, joins 50 lenders who’ve cut in 2021
Alex Ritchie

Personal Finance Editor

Nearly three quarters of Aussie couples clash over money

Valentine’s Day is just around the corner, but when it comes to your finances, mixing love and money is still proving tricky for many Aussies.

Savings Accounts

12 Feb, 2021

3 min read

Nearly three quarters of Aussie couples clash over money
Alex Ritchie

Personal Finance Editor

NAB becomes the third big bank to cut savings rates out-of-cycle

NAB has today cut two of its popular savings accounts by 0.15%, despite no move from the RBA since November. 23 banks have cut savings rates already in 2021, including CBA and Westpac last Friday and NAB today.

Savings Accounts

29 Jan, 2021

3 min read

NAB becomes the third big bank to cut savings rates out-of-cycle
Alex Ritchie

Personal Finance Editor

Can’t buy me love? Aussies prioritise finances over romance in 2021

ING Research shows that around 2.9 million Australians have reported feeling more financially prepared than ever for 2021, with many prioritising “financially fit” goals over romantic ones for the new year.

Savings Accounts

28 Jan, 2021

4 min read

Can’t buy me love? Aussies prioritise finances over romance in 2021
Liz Seatter

Senior Finance Writer

CBA and Westpac cut savings rates on popular accounts

The Commonwealth Bank and Westpac have today cut rates on some of their most popular savings accounts.

Savings Accounts

22 Jan, 2021

4 min read

CBA and Westpac cut savings rates on popular accounts
Alex Ritchie

Personal Finance Editor

How to grow your savings in the time of low interest rates

While COVID-19 hit many people hard, it has also helped so many households get ahead by boosting their rainy-day fund. But many Australians may be wondering how they can be expected to actually grow their new-found savings in the current low-rate environment.

Savings Accounts

21 Jan, 2021

6 min read

How to grow your savings in the time of low interest rates
Alex Ritchie

Personal Finance Editor

Saving slowed over Christmas, but Aussies squirrelled away $100b

The rate of savings slowed in November according to the latest data from the Australian Prudential Regulation Authority (APRA), as millions of Aussies undoubtedly spent more on groceries and gifts in the lead up to Christmas.

Savings Accounts

11 Jan, 2021

6 min read

Saving slowed over Christmas, but Aussies squirrelled away $100b