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Savings Accounts News

The latest savings accounts news and tips

Laine Gordon

Money Editor

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
Alex Ritchie

Personal Finance Editor

Westpac cuts savings rates

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

Savings Accounts

26 Jun, 2020

3 min read

Westpac cuts savings rates
Mark Bristow

Personal Finance Editor

How to set up a savings account for emergencies

The recent pandemic has given many Australians a financial wake-up call, with a new report indicating that more of us are now planning to put more of our savings aside in case of future emergencies.

Savings Accounts

18 Jun, 2020

6 min read

How to set up a savings account for emergencies
Alex Ritchie

Personal Finance Editor

The best bank accounts to park your money in for June 2020

Thankfully, there are still a range of helpful and competitive transaction and savings accounts on the market – you just need to do a little research.

Savings Accounts

12 Jun, 2020

3 min read

The best bank accounts to park your money in for June 2020
Liz Seatter

Senior Finance Writer

Savers squeezed again as ANZ cuts rates

Australia’s fourth largest bank, ANZ, has today cut its bonus savings rates by 0.15 per cent and some term deposit rates by up to 0.25 per cent.

Savings Accounts

11 Jun, 2020

4 min read

Savers squeezed again as ANZ cuts rates
Alex Ritchie

Personal Finance Editor

State of play - savings accounts then and now

It’s more important than ever for Aussies to take charge of their finances and ensure they’re getting the most competitive deal on their savings account(s).

Savings Accounts

16 Apr, 2020

5 min read

State of play - savings accounts then and now
Alex Ritchie

Personal Finance Editor

ING offers savers lifeline amidst coronavirus crisis

ING has offered its savers a lifeline amidst the COVID-19 crisis, as more and more Aussies find themselves out of work and/or on a reduced income.

Savings Accounts

10 Apr, 2020

3 min read

ING offers savers lifeline amidst coronavirus crisis
Alison Cheung

Finance Writer

How the coronavirus has affected how Australians save and spend

Australians are changing the way they save and spend money, as the impacts of COVID-19 on people’s everyday lives become more noticeable.

Savings Accounts

09 Apr, 2020

3 min read

How the coronavirus has affected how Australians save and spend
Laine Gordon

Money Editor

CBA savings rates changes a reminder to give your savings a health check

Australia’s biggest bank, CBA, has cut the bonus rates on its Goal Saver account today by up to 0.35 per cent while increasing the base rate on this account by 0.09 per cent.

Savings Accounts

03 Apr, 2020

3 min read

CBA savings rates changes a reminder to give your savings a health check
Liz Seatter

Senior Finance Writer

The savings accounts with higher interest rates than home loans

While home loan interest rates have plunged to as low as 2.09 per cent, some banks have lifted their short-term savings rates to as high as 2.65 per cent for new customers.

Savings Accounts

27 Mar, 2020

3 min read

The savings accounts with higher interest rates than home loans
Mark Bristow

Personal Finance Editor

What are ADIs and how could they protect your savings?

With the RBA slashing Australia's cash rate, and big banks cutting savings rates, it's getting harder and harder to find savings accounts paying interest at a rate higher than inflation. In times like these, many Aussies are searching for alternative options to the big banks to help grow their wealth. 

Savings Accounts

18 Mar, 2020

4 min read

What are ADIs and how could they protect your savings?