Savings Accounts News
The latest savings accounts news and tips
Peter Terlato
Personal Finance Editor
Grow your savings with rates above 5.5% in November
Savings rates are at some of the highest levels in more than a decade. This means that there are several options for individuals looking to earn competitive interest on their savings.
Savings Accounts
10 Nov, 2023
3 min read
Mark Bristow
Personal Finance Editor
Which bank has the best mobile app? Five questions to ask
A new research report has evaluated the mobile banking apps of Australia’s top lenders, and revealed which of Australia's leading banks has the best mobile app. But what questions can you ask a bank to work out if its app will suit your needs?
Savings Accounts
01 Nov, 2023
4 min read
Eden Radford
External Comms Lead
The highest savings rates take a tumble despite no RBA hike
Bank of Queensland and ME Bank have both sliced their high interest savings accounts in an out-of-cycle rate cut.
Savings Accounts
24 Oct, 2023
5 min read
Eden Radford
External Comms Lead
ANZ cuts the rate on its Online Saver for the first time in 19 months
ANZ, the country’s fourth largest bank, has today cut the ongoing rate on its ANZ Online Saver account by 0.10 percentage points.
Savings Accounts
20 Oct, 2023
5 min read
Mark Bristow
Personal Finance Editor
Some of the top-rated savings accounts in October 2023
The Reserve Bank of Australia (RBA) held the cash rate at 4.10% in October 2023 for the fourth month in a row. While it’s not yet certain if the cash rate has peaked, there are several banks offering savings accounts with interest rates that may be able to help you beat inflation.
Savings Accounts
05 Oct, 2023
3 min read
Alex Ritchie
Personal Finance Editor
Is it better to get a term deposit or a high interest savings account?
With the cash rate set to stay on hold before potential rate cuts in 2024, is now the time to get a high interest savings account or lock in a term deposit rate?
Savings Accounts
26 Sep, 2023
6 min read
Peter Terlato
Personal Finance Editor
Supercharge your savings with rates above 5.50% in September
Savings rates are at some of the highest levels in more than a decade. RateCity lists nine different banks offering ongoing rates of 5.50% or higher.
Savings Accounts
06 Sep, 2023
3 min read
Paul Marshall
CEO
How to stop your money from going backwards
Whether you’re saving up your hard-earned cash for a holiday, car, house deposit or just for a rainy day, you might consider stashing it in a savings account to help it grow. But what if this savings strategy is actually sending your money backwards?
Savings Accounts
31 Aug, 2023
5 min read
Eden Radford
External Comms Lead
Fuss-free savings accounts finally hit 5%
Savings rates with no monthly terms and conditions have hit a new highest ongoing rate of 5 per cent, with the launch of Unity Bank’s new MoneyMAX account.
Savings Accounts
17 Aug, 2023
5 min read
Peter Terlato
Personal Finance Editor
Expand your savings with rates above 5.50% in August
Savings rates are at some of the highest levels in more than a decade. RateCity lists nine different banks offering ongoing rates of 5.50% or higher.
Savings Accounts
08 Aug, 2023
3 min read
Alex Ritchie
Personal Finance Editor
What are the highest savings account rates at the cash rate peak?
Today the Reserve Bank of Australia kept the cash rate on pause at 4.10%. However, one more hike has been forecast by some experts this year, and is expected to be the last increase in this cycle of tightening.
Savings Accounts
01 Aug, 2023
4 min read
Eden Radford
External Comms Lead
New highest savings rate hits market at 5.65%
The highest ongoing savings rate has hit 5.65 per cent, with ME Bank officially launching its HomeME savings account today.
Savings Accounts
17 Jul, 2023
4 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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