Savings Accounts News
The latest savings accounts news and tips
Eden Radford
External Comms Lead
Australians sitting on $1.47 trillion in deposits - another record high
Money in the bank from households hit another record high in March, with new figures from APRA revealing Australians stashed more than $8.2 billion in the bank in just one month.
Savings Accounts
30 Apr, 2024
4 min read
Mark Bristow
Personal Finance Editor
Are you spending smarter? How saving can affect your budget
New data has revealed some of the spending and saving strategies that Australians are using to help manage cost of living pressures. But how could the way you manage these savings affect your household budget and financial goals?
Savings Accounts
12 Apr, 2024
3 min read
Mark Bristow
Personal Finance Editor
Some of the top-rated savings accounts in April 2024
How long will you be able to make the most of the interest on your savings account? With economists forecasting interest rate cuts later in the year, the days of making maximum interest returns on your wealth may be numbered. There are a few different savings strategies you could consider, which could better suit some household budgets than others.
Savings Accounts
10 Apr, 2024
3 min read
Mark Bristow
Personal Finance Editor
Some of the top-rated savings accounts in March 2024
How big a difference does your savings account interest rate really make? You may be surprised by the effect that a high-rate savings account could have on your wealth, depending on your saving strategy. Just make sure that the account you choose is one that suits your needs and can help you reach your goals.
Savings Accounts
15 Mar, 2024
3 min read
Eden Radford
External Comms Lead
What you could get with the difference in interest from a high interest savings account
The interest rate on your savings account can sometimes make the difference between you having a savings goal, and you achieving it.
Savings Accounts
28 Feb, 2024
3 min read
Mark Bristow
Personal Finance Editor
Will you grow your wealth this year? Some of the top-rated savings accounts in February 2024
Australia’s inflation may be falling faster than previously predicted, which could make it easier for savers to grow their wealth. However, it’s important to consider more than just interest rates when comparing savings account options.
Savings Accounts
07 Feb, 2024
3 min read
Mark Bristow
Personal Finance Editor
The latest Gen Z trends? Saving and budgeting
As inflation and the cost of living put the squeeze on more Australian budgets, one generation is actively taking steps to save money and stay ahead of the curve. But how effective could these strategies be for reaching your savings goals?
Savings Accounts
22 Jan, 2024
3 min read
Mark Bristow
Personal Finance Editor
Some of the top-rated savings accounts in January 2024
Is 2024 the year you’ll finally buy that boat, go on that holiday, or organise that dream wedding? Whether you’ve already been growing your wealth, or you’re yet to start building your nest egg, it may be worth comparing savings accounts to make sure you’re getting the most value for your money.
Savings Accounts
15 Jan, 2024
3 min read
Eden Radford
External Comms Lead
New highest savings rate of 5.70% hits the market
A new highest savings rate has hit the market, with MOVE Bank increasing its Growth Saver account by 0.20 percentage points to a maximum ongoing rate of 5.70 per cent.
Savings Accounts
01 Dec, 2023
5 min read
Eden Radford
External Comms Lead
Savings rates with no strings attached crack 5.50%
Australian Unity has today increased the rate on its Freedom Saver account by 1.25 percentage points to an ongoing rate of 5.50 per cent for balances of up to $50,000.
Savings Accounts
24 Nov, 2023
4 min read
Mark Bristow
Personal Finance Editor
Which banks have hiked term deposits and savings accounts in November 2023?
The November 2023 meeting of the Reserve Bank of Australia (RBA) board saw the national cash rate rise by 25 basis points to 4.35% - the thirteenth hike of the current cycle that began in May 2022.
Savings Accounts
17 Nov, 2023
3 min read
Paul Marshall
CEO
Growing your wealth: should you invest or save?
Whether you're striving to expand your wealth or expedite your savings for future endeavours, there are various avenues to make your money work for you. Two common methods are investing in shares or stashing your funds in a savings account or term deposit. However, determining the best approach is not always straightforward.
Savings Accounts
15 Nov, 2023
9 min read
Trending articles
Mark Bristow
Personal Finance Editor
06 Nov, 2024
What will happen to savings accounts when interest rates fall? Some of the top-rated savings accounts in November 2024
Laine Gordon
Money Editor
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
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