Savings Accounts News
The latest savings accounts news and tips
Liz Seatter
Senior Finance Writer
CBA’s surprise RBA move – some savers to see rates rise by 0.60%
Australia’s largest bank has announced it is passing on 0.60% point rate increases onto its popular GoalSaver and Youthsaver accounts.
Savings Accounts
09 Sep, 2022
4 min read
Liz Seatter
Senior Finance Writer
8 banks increase savings rates beyond the RBA hikes – could rates hit 4%?
If the RBA hikes by another 0.50 percentage points this afternoon, the highest ongoing savings rate could potentially climb over 4 per cent
Savings Accounts
06 Sep, 2022
3 min read
Liz Seatter
Senior Finance Writer
Highest savings rate now trumps the lowest mortgage rate
Virgin Money has hiked its top savings rate to 3.60 per cent. This means the highest ongoing savings rate on the market is now above the lowest home loan rate of 3.10 per cent.
Savings Accounts
26 Aug, 2022
4 min read
Mark Bristow
Personal Finance Editor
ANZ has a change of heart and hikes some of its savings accounts
ANZ has had a change of heart, today hiking some of its savings accounts, after initially leaving them untouched following the August cash rate increase.
Savings Accounts
19 Aug, 2022
4 min read
Peter Terlato
Personal Finance Editor
Young savers are big winners as interest rates surge
On the back of tax season, people are re-assessing their budgets, seeking ways to invest and grow their tax returns. Banks are hoping to woo new customers and are enticing youthful clients with exclusive, high-interest savings accounts.
Savings Accounts
15 Aug, 2022
3 min read
Mark Bristow
Personal Finance Editor
Most Australians worried about cost of living: where can you cut costs and save?
With both inflation and rising interest rates pushing up the cost of living around Australia, many of us are considering different ways to cut expenses and save a dollar or two. But where can Australians make the most effective cuts to their household budgets, and how can they maximise their savings?
Savings Accounts
04 Aug, 2022
3 min read
Laine Gordon
Money Editor
Complacent savers lose out, despite rate hikes
Complacent savers are potentially missing out on hundreds of dollars in interest, as the gap widens between some of the highest and lowest savings rates on the back of the RBA hikes.
Savings Accounts
01 Aug, 2022
5 min read
Liz Seatter
Senior Finance Writer
Competition forces savings rates up as Westpac and NAB hike
In a much-needed boost for savers, big four banks, Westpac and NAB, have today hiked rates on their popular saving accounts.
Savings Accounts
22 Jul, 2022
5 min read
Liz Seatter
Senior Finance Writer
Big four bank savings rate hikes start from today – has your account gone up?
The big four banks have started to raise savings rates – but only on select accounts.
Savings Accounts
15 Jul, 2022
6 min read
Laine Gordon
Money Editor
ING increases savings rate to 2.60% as banks finally deliver for savers
ING has today announced it will be increasing the interest rate on its Savings Maximiser to 2.60 per cent – the new highest ongoing savings rate in the market for all adults, effective 12 July.
Savings Accounts
07 Jul, 2022
3 min read
Laine Gordon
Money Editor
RBA likely to hike by 0.50% but how much will the banks pass onto savers?
The Reserve Bank is expected to hike the cash rate by 0.50 percentage points today, but banks are unlikely to pass on this rate hike in full to every customer.
Savings Accounts
05 Jul, 2022
4 min read
Liz Seatter
Senior Finance Writer
Savings rates inch north as CBA and ANZ hike select accounts
CBA and ANZ have both hiked select savings accounts today by up to 0.30 percentage points.
Savings Accounts
30 Jun, 2022
4 min read
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