Savings Accounts

How to grow your savings with compound interest

The great Albert Einstein is alleged to have described compound interest as the eighth wonder of the world. “He who understands it, earns it; he who doesn’t, pays it,” the famous scientist apparently said.

By Emma Duffy ● July 08, 2019

NBN proposes a ‘Netflix tax’

The NBN has floated the idea of charging its users an additional fee to use streaming services on its network.

By Alex Brewster ● July 03, 2019

Managing money at every age: A single woman's guide to financial independence

You might think that your gender and your bank balance have absolutely nothing to do with each other. But gender and money can have a fraught relationship.

By Emma Duffy ● July 02, 2019

Aussies planning to save their tax refunds

New research has shown that almost half (48%) of Australian taxpayers are intending to save their tax refund this financial year.

By Alex Brewster ● July 02, 2019

NAB subsidiary UBank slashes savings account interest rates

Another savings account immortalised by the Barefoot Investor, UBank’s USaver with Ultra account, has had its interest rate cut following the reduction to the cash rate earlier in June.

By William Jolly ● June 28, 2019

ING to cut Savings Maximiser interest rate again

ING Australia will tomorrow (9 July 2019) pass on the Reserve Bank’s latest 25-basis-point rate cut to its popular Savings Maximiser account.

By Dominic Beattie ● June 28, 2019

How does HECS-HELP work?

For most of us, the dreaded HECS debt is something we stuff to the back of our subconscious and only speak of briefly in hushed voices in darkened rooms.

By Alex Brewster ● June 27, 2019

Resurgence in share market lifts household wealth

Australian’s household wealth lifted in the March quarter as a resurgent share market offset continued property price falls.

By Emma Duffy ● June 27, 2019

ANZ the last of the big four to cut savings account rates

Major bank ANZ has cut the interest rates on its savings account products by 20 basis points, becoming the last of the big four to reduce savings rates.

By William Jolly ● June 26, 2019

One in five Aussies have less than $250 in savings: AMP Bank

Australians are struggling to save money, with one in five of us having less than $250 in our savings accounts, according to new research.

By Alex Brewster ● June 26, 2019

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