The second 'Economic Support Payment' comes after a wave of stimulus payments started flowing through in late March and April - so you'd be forgiven for forgetting about this one.

The second Centrelink payment is estimated to hit the bank accounts of about five million Australians, and is estimated to cost the Government $4 billion.

Need somewhere to store cash and earn interest? The table below features introductory savings accounts with some of the highest interest rates on the market.

Provider

4000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • Bonus rate for the first 4 months from account opening
  • No account keeping fees
  • No minimum balance

High Interest Savings Account (< $250k)

  • Bonus rate for the first 4 months from account opening
  • No account keeping fees
  • No minimum balance
02000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
No monthly fees
  • Download the App to open your account
  • Get better visibility of your spending within App!
  • Deposit $200 per month to activate bonus interest
No monthly fees

Save Account

  • Download the App to open your account
  • Get better visibility of your spending within App!
  • 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)

    02001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

    Growth Saver ($1 - $25k)

      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

        Goal Saver

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

        Boost Saver

          00.011$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

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

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

            Bonus Saver Account (Amounts < $100k)

              0201$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

              Reward Saver Kick Start (Amounts ≤ $1m)

                00.010$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                Life (< 30 years) (Monthly deposit)

                  5000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                  NetBank Saver

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

                    ANZ Save

                      010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                      Savings Maximiser (<$100k)

                        050$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                        Young Saver Account

                          0501$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                          Save up

                            010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
                            • Earn up to 5.40% pa by depositing $1,000 in the previous month
                            • No account fees
                            • Easy access to your money

                            Saver Account (<$250k)

                            • Earn up to 5.40% pa by depositing $1,000 in the previous month
                            • No account fees
                            • Easy access to your money
                            02000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                            Bonus Saver (<$1 Million)

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

                              Smart Saver Account (Under 25)

                                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 May 24, 2024. View disclaimer.

                                If you're receiving one of these and are living in Australia as of 10 July, you could be eligible:

                                • Age Pension
                                • Bereavement Allowance
                                • Carer Allowance
                                • Carer Payment
                                • Commonwealth Seniors Health Card
                                • Disability Support Pension
                                • Double Orphan Pension
                                • Family Tax Benefit A
                                • Family Tax Benefit B
                                • Pensioner Concession Card

                                However, it's important to note that you will not receive the second $750 if you have received the 'Coronavirus Supplement' - the extra $550 a fortnight - even if you received the first $750.

                                One of the biggest groups not eligible for the second $750 is those on JobSeeker.

                                While the payments will start from 13 July, Services Australia says the exact date of payment will be different for everyone.

                                "We’ll start issuing it from 13 July 2020. You should see it in your bank account sometime between 15 July and the end of July," the factsheet said.

                                "You may see it in your bank account up to 48 hours before it appears in your online account."

                                Eligible recipients don't need to do anything, but will need to make sure their details are correct via the MyGov portal. 

                                The Economic Support Payment is non-taxable and does not count as income.

                                More details can be found via the Services Australia website.

                                More than $153 million in unclaimed benefits

                                Data released from CommBank today also revealed its app 'saved' customers $153 million in the previous financial year.

                                The 'benefits finder' feature in the app links customers' data with potential unclaimed government rebates and benefits.

                                CommBank estimates customers saved $69 million in utility bills, and generated $84 million in additional income. 

                                Various rebates found included the NSW Gas rebate, Winter Gas Rebate, Family Energy Rebate, Low Income Household Rebate, and Pensioner water concessions.

                                The $84 million is comprised of unclaimed Centrelink benefits such as Rent Assistance, Education Entry Payment, Mobility Allowance and bushfire payments.

                                The top claims included:

                                • Unclaimed money (286,972 on a federal and state level)
                                • Unclaimed super (28,228)
                                • Power saver bonus (41,124)
                                • Jobseeker related payments (24,256)
                                • Family tax benefit (15,587)
                                • Rent assistance (13,863)
                                • Family energy rebate (12,038)

                                Since launch in September 2019, 2.2 million customers have visited the feature in the app, and more than 700,000 claims have started.

                                More than half of those claims have been made since COVID-19 was declared a pandemic by the World Health Organisation on 11 March.