Savings Accounts

ATO says unclaimed super could see you pocket up to $200

New data has revealed there is over $20.8 billion in lost and unclaimed superannuation across Australia.

By Alex Brewster ● November 15, 2019

Payday loans are debt traps for millions of Aussies: Report

A new report has found just over 4.7 million individual payday loans were written between April 2016 and July 2019, worth an approximate $3.09 billion.

By Alex Brewster ● November 12, 2019

Wildcard: The reverse budgeting app

It can be hard to resist spending your entire paycheck sometimes, particularly with the temptation of buy now pay later services like Afterpay and Zip. Most young Aussies (aged 18-29) have less than $5,000 in the bank, with nearly a quarter (24%) having under $1,000, according to a 2018 triple j survey.

By Emma Duffy ● November 07, 2019

More than a quarter of NAB’s deposits earn about 0% interest

More than $88 billion of savings and transactional deposits with NAB are at or near earning 0% interest.

By William Jolly ● November 07, 2019

Gen Y are Australia’s best savers: Suncorp report finds

No amount of smashed avocado jokes peddled by our ol’ boomer mates has stopped Gen Y surpassing them to top the list as Australia’s best savers.

By Emma Duffy ● October 31, 2019

Leading fintech TrueLayer joins Visa to help kickstart open banking in Australia

In what could be a huge step forward for open banking in Australia, UK-based fintech TrueLayer has announced its entry to the Australian market ahead of the consumer data right regime’s kick-off in February 2020.

By William Jolly ● October 30, 2019

Frollo talks open banking, budgeting and the importance of financial health

Savings app Frollo tells Savings.com.au all about how it works, why it exists and how it plans to use open banking to help its users get better deals on financial products and services.

By William Jolly ● October 30, 2019

Consumer price inflation rises to 1.7%, Cup Day RBA rate cut unlikely

The latest data has revealed inflation in Australia rose 0.5% for the September 2019 quarter, taking the annual rate of inflation up to 1.7%.

By Alex Brewster ● October 29, 2019

New payments platform paves the way for open banking

Australia’s new high-speed payment system will allow consumers to more easily cancel direct debits, like gym memberships or Netflix subscriptions, in one of multiple new services soon to be available.

By Alex Brewster ● October 28, 2019

Australia’s annual household savings rate is at an 11-year low

Australia’s household savings ratio fell to 3% in 2018-19, the lowest annual savings rate in eleven years.

By William Jolly ● October 25, 2019

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