Savings Accounts

Where should your money be in a low interest-rate environment?

Long gone are the days of earning over 7% p.a in interest on your savings, with very few banks at present offering much more than 2% p.a. on savings accounts and term deposits. With more rate cuts possibly on the way, you may be considering alternative places to earn a return on your cash.

By William Jolly ● July 30, 2019

“I regularly don’t eat at all”: Spotlight on Newstart as HILDA survey reveals poverty on the rise

Poverty is on the rise in Australia after several years of decline, according to the latest Household Income and Labour Dynamics in Australia (HILDA) survey – and changes to welfare policies have been cited as the possible cause.

By Emma Duffy ● July 30, 2019

No pay rise for Aussies in eight years

The median household disposable income for Australians hasn’t gone up in eight years. In fact, it’s gone slightly backwards.

By William Jolly ● July 30, 2019

No, your wedding reception is not tax-deductible

The Australian Taxation Office (ATO) has released a list of some of the more bizarre claims people have made on their tax returns.

By William Jolly ● July 30, 2019

These banks haven’t passed on a rate cut to savings accounts in July

Dozens of institutions have passed the two consecutive rate cuts onto their savings account products, hitting those who rely on earning interest to supplement their income.

By William Jolly ● July 26, 2019

Simple vs compound interest

It’s easy to get bored with interest rates amidst the noise of politicians and faceless banks, especially when it feels like nothing is changing.

By Alex Brewster ● July 25, 2019

Commonwealth Bank slashes savings account rates

Commonwealth Bank has stung savers by cutting interest rates on its savings accounts by up to 25 basis points, making it the last of the big four to reduce savings rates this month.

By Alex Brewster ● July 23, 2019

ASIC looks to end dodgy insurance telemarketing

The Australian Securities and Investments Commission (ASIC) has proposed a ban on unsolicited phone call sales of life insurance and consumer credit insurance (CCI).

By Alex Brewster ● July 18, 2019

86 400 becomes Australia’s newest bank

Australia has a brand-new bank, with 86 400 granted a full Authorised Deposit-taking Institution (ADI) license by APRA today.

By William Jolly ● July 18, 2019

UBank cuts savings account interest rates again

UBank has today slashed the interest rates on its savings accounts by 19 basis points, taking the maximum rate on its ‘USaver with Ultra’ account down to 2.41% p.a.

By Alex Brewster ● July 17, 2019

Refinance home loans.Rates from 1.99% p.a.

Low-rate car loansRates from 3.97%

Savings ratesof up to 3.50%

Term deposit ratesof up to 1.45%

Let us come to you. Get Savings in your inbox.

Refinance home loans.
Rates from 1.99% p.a.

Low-rate car loans
Rates from 3.97%

Savings rates
of up to 3.50%

Term deposit rates
of up to 1.45%

Let us come to you.
Get Savings in your inbox.