Savings Accounts

Experts warn insolvencies could spike in coming months due to COVID-19

Battle victory could be close, but the war is not over - experts are warning insolvencies could spike in the coming months and linger for years post-COVID-19.

By Harrison Astbury ● May 08, 2020

Greater Bank rated Australia's 'most trustworthy' bank, Bank of China least trustworthy

A recent survey has revealed Aussies find Greater Bank the most trustworthy out of 31 banks, while neobank Up has debuted in seventh spot.

By Harrison Astbury ● May 08, 2020

More punters are flocking to "risky" daytrading during COVID-19

Yesterday, Australia's chief financial watchdog revealed average retail daily share trading has more than doubled during the COVID-19 period.

By Harrison Astbury ● May 07, 2020

Neobank Xinja cutting Stash savings account rate to 1.80%

Xinja will drop its Stash savings account rate from 2.25% p.a. to 1.80% p.a.

By Alex Brewster ● May 07, 2020

COVID-19 forces $1.5 billion in gambling savings

If one silver lining exists from COVID-19, it's this: Australians have saved themselves $1.5 billion from gambling losses.

By William Jolly ● May 07, 2020

Almost one million jobs lost, wages down by 8% in a month

In damning figures released by the Australia Bureau of Statistics today, COVID-19 has led to 975,000 jobs losses and a 8.2% fall in wages in just one month.

By Harrison Astbury ● May 05, 2020

April job ads halve in record-breaking plunge

With non-essential services shut down in April, ANZ job ads fell 53%, to be down 62.2% year on year.

By Alex Brewster ● May 04, 2020

Will fintechs survive the coronavirus era?

With a recession looming and economists split as to its length, how will the fintech sector cope?

By Alex Brewster ● May 04, 2020

How to financially prepare yourself for possible unemployment

Coronavirus has resulted in many job losses and according to projections by the Grattan Institute, nearly a quarter of Aussie workers could be out of work in the coming weeks. Here’s how to prepare yourself financially for possible unemployment.

By Emma Duffy ● May 01, 2020

Inflation rises 0.3%, largest annual increase since 2014

Australia's rate of inflation has risen by 0.3%, taking annual inflation to 2.2% for the March quarter.

By Alex Brewster ● April 29, 2020

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