Savings Accounts News
The latest savings accounts news and tips
Mia Steiber
Cutting the cost of living: 20 tips to save on essentials
With the cost of living reaching boiling point, here is a list of savings tips that could help you live your day-to-day life with a sense of normalcy. Don’t cut back your lifestyle, just pay less for it.
Savings Accounts
24 Jun, 2022
13 min read
Laine Gordon
Money Editor
Westpac and NAB finally lift savings rates post June RBA hike
Westpac has today hiked rates on a handful of its savings accounts, following the historic double rate hike from the RBA at the beginning of this month.
Savings Accounts
24 Jun, 2022
5 min read
Alex Ritchie
Personal Finance Editor
What you can do about rising energy prices
With higher power prices on the horizon and the threat of power shortages dominating the news, millions of Australian households may be wondering how they can prepare for rising energy prices.
Savings Accounts
14 Jun, 2022
6 min read
Laine Gordon
Money Editor
Finally, a whiff of competition: Macquarie, ING up the ante on savings rates
Macquarie and ING have today announced major increases to the interest rates on their transaction and savings accounts respectively.
Savings Accounts
09 Jun, 2022
4 min read
Alex Ritchie
Personal Finance Editor
Why a cash rate hike means good news for your savings
While the news focuses on the downsides of a cash rate hike homeowners, it’s important to remember higher rates could mean good news for your savings account and term deposit.
Savings Accounts
07 Jun, 2022
6 min read
Liz Seatter
Senior Finance Writer
RBA rate hike: Why savers shouldn’t hold their breath hoping for a boost
Analysis from RateCity.com.au shows only 58 per cent of banks hiked at least one savings rate following the May 0.25 percentage point RBA hike.
Savings Accounts
07 Jun, 2022
4 min read
Alex Ritchie
Personal Finance Editor
ANZ launches app-based Plus and Save accounts: how do they compare?
One of Australia’s biggest banks, ANZ, has launched a new banking app that offers customers both an everyday account and ‘multi-goal’ savings account. But how does it compare to other big bank offerings?
Savings Accounts
26 May, 2022
4 min read
Liz Seatter
Senior Finance Writer
The savings accounts coming up trumps post RBA hike
3% is the new highest maximum ongoing rate for young Australians and 1.60% is the new highest ongoing rate for all adults.
Savings Accounts
20 May, 2022
4 min read
Alex Ritchie
Personal Finance Editor
Welcome back high interest savings accounts: providers that have hiked savings rates
The latest cash rate hike from the Reserve Bank of Australia may mean that interest rates on savings accounts could be on the way up again. Discover which providers have hiked saver rates, including the big four banks.
Savings Accounts
04 May, 2022
3 min read
Liz Seatter
Senior Finance Writer
RBA rate hikes: how much will the banks pass onto savers?
While households with mortgages are bracing for pain, Australian savers will be eagerly anticipating the upcoming RBA cash rate hikes. But don’t bank on your bank passing on every cash rate hike in full.
Savings Accounts
02 May, 2022
5 min read
Liz Seatter
Senior Finance Writer
Kids’ savings accounts put to the test – how they stack up
RateCity.com.au has put over 50 kids’ savings accounts to the test to compare how they perform over time.
Savings Accounts
18 Apr, 2022
7 min read
Alex Ritchie
Personal Finance Editor
Almost half of Aussies haven’t been able to save in 2022
Higher cost of living, global volatility, and the ongoing economic impacts of Covid-19 have started 2022 off with a bang. If you’re feeling the pinch of financial stress at the moment, you’re not alone with one in three people reporting “high” levels of stress.
Savings Accounts
03 Mar, 2022
4 min read
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