Savings Accounts News
The latest savings accounts news and tips
Alex Ritchie
Personal Finance Editor
Best savings accounts for November 2020
RateCity has done the hard work for you by ranking some of the most competitive savings accounts in the marketplace for both adults and kids with our Real Time RatingsTM system.
Savings Accounts
18 Nov, 2020
2 min read
Tony Ibrahim
Senior Journalist
Commonwealth Bank predicts a “much stronger recovery”
Australia's economy could snap back much quicker and stronger from the COVID-19 pandemic, experts say, but the road to recovery has been described as “uneven” and “bumpy”.
Savings Accounts
17 Nov, 2020
3 min read
Liz Seatter
Senior Finance Writer
Buy now, pay later customers skipping meals and essential bills to make payments
Some Australians are skipping meals, household bills and mortgage repayments as a result of overspending using buy now, pay later platforms, according to a ASIC.
Savings Accounts
16 Nov, 2020
7 min read
Tony Ibrahim
Senior Journalist
Buy now pay later fees surge, causing some to skip meals: ASIC
One in five people using services such as Afterpay and Zip Pay were skipping essentials like meals in order to make their repayments on time and avoid paying late fees, a regulator has found.
Savings Accounts
16 Nov, 2020
5 min read
Tony Ibrahim
Senior Journalist
COVID-19: JobSeeker extended but cut by 40 per cent
The COVID-19 supplementary payment intended to help over 400,000 people find work again has been extended, but it’s also been cut by 40 per cent.
Savings Accounts
12 Nov, 2020
4 min read
Laine Gordon
Head of Public Relations
ING and ME Bank slash savings rates - a sign of what’s to come
Savings rates are starting to feel the squeeze following last week’s RBA cut, with ING and ME Bank dropping rates by the full 0.15 per cent on their popular savings accounts today.
Savings Accounts
11 Nov, 2020
3 min read
Tony Ibrahim
Senior Journalist
Tax time: How to secure an extension and get COVID-19 help
The deadline for people preparing their own taxes is October 31, but there’s plenty of options available if you haven’t had the chance to take care of the paperwork.
Savings Accounts
30 Oct, 2020
4 min read
Tony Ibrahim
Senior Journalist
Banks slash interest on savings accounts ahead of a forecast rate cut
Banks are slashing the interest customers can earn on their savings in a move widely seen as preempting a cash rate cut by the nation’s central bank.
Savings Accounts
30 Oct, 2020
3 min read
Tony Ibrahim
Senior Journalist
Afterpay to provide Westpac-powered savings accounts
Afterpay’s millions of customers will be able to sign up for Westpac-powered savings and transactions accounts under a partnership between the two traditional rivals.
Savings Accounts
20 Oct, 2020
4 min read
Alison Cheung
Finance Writer
Banks axe savings rates as RBA tipped to make Melbourne Cup Day rate cut
Thirty-one banks across Australia, including the likes of Westpac and ANZ, have trimmed savings rates in the past two weeks, according to RateCity data.
Savings Accounts
19 Oct, 2020
4 min read
Alison Cheung
Finance Writer
ANZ reduces savings and term deposit interest rates
ANZ has shaved rates on some of its savings and term deposit accounts, as savers continue to feel the pinch from low interest rates.
Savings Accounts
14 Oct, 2020
4 min read
Alison Cheung
Finance Writer
Financial stress due to COVID-19 easing but still rife
Money worries due to COVID-19 are easing for many households, but not everyone is out of financial strife yet.
Savings Accounts
13 Oct, 2020
4 min read
Trending articles
Laine Gordon
Head of Public Relations
01 Nov, 2024
Highest savings rate takes a tumble
Vidhu Bajaj
Personal Finance Writer
08 Oct, 2024
Some of the top-rated savings accounts in October 2024
Laine Gordon
Head of Public Relations
01 Oct, 2024
ANZ Plus makes major change for savers
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