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Savings Accounts News

The latest savings accounts news and tips

Tony Ibrahim

Senior Journalist

Banks will have to solve customer complaints a lot faster: ASIC

Banks will have to resolve complaints quicker under new guidelines, potentially offering relief in about 420,000 cases.

Savings Accounts

30 Jul, 2020

3 min read

Banks will have to solve customer complaints a lot faster: ASIC
Liz Seatter

Senior Finance Writer

Savings rates keep falling as CBA, NAB and ING all make cuts

Savings rates continue to tumble, despite no move to the cash rate, with NAB the most recent big four bank to cut its rates today by up to 0.10 per cent.

Savings Accounts

30 Jul, 2020

3 min read

Savings rates keep falling as CBA, NAB and ING all make cuts
Tony Ibrahim

Senior Journalist

Stunted career prospects and zero real wage growth, Productivity Commission report finds

Young people have had to settle for jobs of lesser quality following the GFC, a government report claims, offering some insight into a job market upended by COVID-19.

Savings Accounts

29 Jul, 2020

3 min read

Stunted career prospects and zero real wage growth, Productivity Commission report finds
Alison Cheung

Finance Writer

Three tips to help your money work harder for you in a recession

As uncertainty rises and growing unemployment potentially on the horizon, RateCity has put together four tips to help put your hard-earned money to better use.

Savings Accounts

28 Jul, 2020

3 min read

Three tips to help your money work harder for you in a recession
Alison Cheung

Finance Writer

Australians concerned about expenses due to COVID-19 continue to scrimp

Australians are being more economical due to COVID-19, new research from the Melbourne Institute has indicated.

Savings Accounts

27 Jul, 2020

4 min read

Australians concerned about expenses due to COVID-19 continue to scrimp
Alex Ritchie

Personal Finance Editor

The best savings accounts for July 2020

In an era of historically low interest rates, some savings accounts have become nothing more than a safe place to park your money. However, there are still some competitive rates out there, if you know where to look.

Savings Accounts

25 Jul, 2020

2 min read

The best savings accounts for July 2020
Alison Cheung

Finance Writer

What you need to know about the new JobKeeper and JobSeeker

Major economic lifelines from the government, including JobKeeper and the coronavirus-boosted JobSeeker, will be extended and revamped beyond September.

Savings Accounts

21 Jul, 2020

5 min read

What you need to know about the new JobKeeper and JobSeeker
Mark Bristow

Personal Finance Editor

Australians rethinking their post-pandemic finances

According to a new report, the pandemic has changed the way many of us think about our financial future, with almost half of Australians expecting the next few years to be very difficult. This has led many of us to rethink our financial priorities and focus on saving money for the future, whether to protect against future emergencies or to pursue future opportunities.

Savings Accounts

21 Jul, 2020

3 min read

Australians rethinking their post-pandemic finances
Alison Cheung

Finance Writer

$750 COVID-19 support payments to start hitting bank accounts this week

About five million Australians will begin to receive a second coronavirus economic support payment of $750 this Wednesday.

Savings Accounts

13 Jul, 2020

3 min read

$750 COVID-19 support payments to start hitting bank accounts this week
Alison Cheung

Finance Writer

Australians’ confidence in personal finances grow

Australians are feeling less anxious about their financial situations, but this could change when support from the government and financial institutions are stopped.

Savings Accounts

10 Jul, 2020

3 min read

Australians’ confidence in personal finances grow
Laine Gordon

Head of Public Relations

Westpac steps up for young Australians as CBA cuts intro savings rates

Australia’s second largest bank, Westpac, has today launched a new ongoing savings rate of 3 per cent for Australians aged 18 to 29 years.

Savings Accounts

08 Jul, 2020

3 min read

Westpac steps up for young Australians as CBA cuts intro savings rates
Alison Cheung

Finance Writer

Emergency funds on the minds of Australians post-COVID-19

More Australians are rethinking the need for an emergency fund, as the impacts of COVID-19 send many households’ personal finances reeling.

Savings Accounts

30 Jun, 2020

3 min read

Emergency funds on the minds of Australians post-COVID-19