Savings Accounts

Are AMP, Westpac and Bank of China the least trusted banks?

A poll of bank customers has found AMP, Bank of China and Westpac are among Australia's least-trusted banks while Bendigo Bank, ING and RACQ Bank are some of the most trusted.

By William Jolly ● February 26, 2020

Say baaaaa bye to your RAMS 2.00% p.a. savings account

Westpac-owned RAMS will cut its savings rate by 10 basis points to 1.90% p.a, effective Friday 28 February.

By Harrison Astbury ● February 26, 2020

NAB allows customers to restrict gambling transactions

A new feature in NAB's app allows customers to put limits on their gambling expenses.

By William Jolly ● February 21, 2020

Unemployment is now 5.3%, heightening chance of RBA rate cut

Unemployment data for January released by the ABS today is up 0.2% to 5.3%.

By Harrison Astbury ● February 20, 2020

"People badly want a different kind of bank": Xinja hits $200m in deposits

Neobank Xinja's new 2.25% p.a. Stash savings account has had more than $200 million in deposits in less than a month.

By Emma Duffy ● February 20, 2020

40% of Australians experiencing financial stress

Research from NAB has found 40% of Australians have experienced some form of financial stress or hardship in the past three months.

By William Jolly ● February 19, 2020

Real wages fell in the December quarter by 0.2%

Wages rose 0.5% in the December 2019 quarter, while inflation was 0.7% in the same period.

By Harrison Astbury ● February 19, 2020

How renting a three bedroom house got cheaper in the last 20 years

Analysis released by the Productivity Commission today shows how much stronger the average Aussie's purchasing power is compared to 20 years ago.

By Harrison Astbury ● February 17, 2020

Up deposit balances surge 414%

One of Australia's newest challenger banks Up has posted some very strong half-year results, with new customers flocking to its digital products.

By William Jolly ● February 17, 2020

Westpac further reduces savings account interest rates

Westpac is the latest of the big four banks to cut interest rates on its savings accounts.

By Emma Duffy ● February 13, 2020

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