At a press conference on Wednesday, the Prime Minister said his Government was committed to financially supporting those who needed it. 

"And I have been consistent in saying that there'll be a further phase of support [JobKeeper] that goes beyond September," Mr Morrison said.

"There will be a further phase of how we continue to provide support and as I was able to assure the Premier the other night, just like I can assure people in, in industries or in businesses or parts of the country that are more affected by COVID than others, then where there is the need, then there will continue to be support.

"And so this is about tailoring a national program to provide support where the support is needed and because of what has happened in Victoria, obviously the need there will be far greater than was previously and that need will be met." 

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Provider

4000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • Bonus rate for the first 4 months from account opening
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High Interest Savings Account (< $250k)

  • Bonus rate for the first 4 months from account opening
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010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • Deposit at least $1,000 + each month from an external source
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  • Deposit at least $1,000 + each month from an external source
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  • No account fees
  • Total ongoing variable rate of up to 5.20% pa by depositing $1,000 in the previous month
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Saver Account (<$250k)

  • No account fees
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  • Easy access to your money
4000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking
  • A great base interest rate of 4.75%

Savings Account (Amounts < $250k)

  • A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking
  • A great base interest rate of 4.75%
020001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • Never miss out on your bonus interest with a little help from the Bonus Interest Tracker
  • $0 monthly account fee
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Home Saver

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  • $0 monthly account fee
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No monthly fees
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  • Deposit $200 per month to activate bonus interest
No monthly fees

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  • Download the App to open your account
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  • Deposit $200 per month to activate bonus interest
020000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

HomeME Savings Account ($0 - $100,000)

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    Growth Saver ($1 - $25k)

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      Target Saver

        010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
        For customers aged 14-35 years
        For customers aged 14-35 years

        Future Saver Account ( < $50k)

          05001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
          • Maximum Age - 24
          • $0 monthly account fee
          • Earn bonus interest

          Goal Saver

          • Maximum Age - 24
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          • Earn bonus interest
          010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

          Boost Saver

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            Reward Saver Account (31 years +) ($0-$100k)

              01000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

              Bonus Saver Account (Amounts < $100k)

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                Reward Saver Kick Start (Amounts ≤ $1m)

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                  Life (< 30 years) (Monthly deposit)

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                    NetBank Saver

                      000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                      ANZ Save

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                        Young Saver Account

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                          Save up

                            Important Information and Comparison Rate Warning

                            All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. Rates correct as of December 11, 2023. View disclaimer.

                            Mr Morrison denied extended support measures would be targeted at areas more affected by COVID-19 than others like Melbourne.

                            "That national programme of support will give people in the same areas of need the same support," he said.

                            "So it's not a state-based programme or anything like that, in the same way it has operated up until now.

                            "It's been something that has operated nationally and something that has been directed towards businesses that have had that fall-off in turnover and to their employees, and similarly JobSeeker is applied across the nation." 

                            Treasurer remains tight-lipped 

                            Speaking to Paul Kennedy on ABC News Breakfast, Treasurer Josh Frydenberg said there would be financial measures put in place to support the worst-affected sectors. 

                            "There's going to be another phase of income support, the details of which will be announced on July 23," Mr Frydenberg said.

                            "We recognise that some sectors are going to recover more slowly than others. For example, the tourism sector as a result of the international borders being closed.

                            "We've announced a number of sector-wide specific packages for housing, for the arts, for tourism."

                            The Treasurer denied there would be any announcements earlier than the scheduled mini-budget date, due to the Victorian virus outbreak. 

                            "What we are announcing on July 23 is an economic and fiscal update, which will give people a sense of where the economy is at, and obviously, developments in Victoria are very serious.

                            "They pose not only a health risk, but also an economic challenge as well."

                            Economists have voiced their concerns the country is approaching a fiscal cliff in September, with the scheduled end of JobKeeper and JobSeeker, coupled with an end to home loan repayment deferrals. 

                            However, on Wednesday the banks announced customers still experiencing financial hardship as a result of the pandemic would be able to extend their mortgage holidays for another four months if necessary.