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.

Rates
Features
Conditions
Other
Provider
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
  • No withdrawal notice periods or interest rate penalties
  • Save up to 10% on eGift cards at over 50 retailers with Macquarie Marketplace

Savings Account (Amounts < $250k)

  • A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking
  • No withdrawal notice periods or interest rate penalties
  • Save up to 10% on eGift cards at over 50 retailers with Macquarie Marketplace
More details
000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
*Rate varies on savings amount
  • Deposit $500 per month to get bonus interest
  • 5.50% p.a. available on total savings up to $100k.
  • 5.00% p.a. applies to savings between $100k-250K.
  • Tiered bonus rates apply. (TMDs at ubank.com.au)
*Rate varies on savings amount

Save Account (<$100,000)

  • Deposit $500 per month to get bonus interest
  • 5.50% p.a. available on total savings up to $100k.
  • 5.00% p.a. applies to savings between $100k-250K.
  • Tiered bonus rates apply. (TMDs at ubank.com.au)
More details
4000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • For deposit amounts $0 - $49,999
  • New ING personal savings customers receive an introductory bonus 0.50% p.a. variable kick starter rate for the first 4 months on balances up to $500,000.
  • Reverts to variable ongoing rate. T&Cs apply.

Savings Accelerator (Amounts < $50000)

  • For deposit amounts $0 - $49,999
  • New ING personal savings customers receive an introductory bonus 0.50% p.a. variable kick starter rate for the first 4 months on balances up to $500,000.
  • Reverts to variable ongoing rate. T&Cs apply.
More details
010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • Deposit at least $1,000+ each month from an external source
  • Make 5 or more eligible transactions
  • Grow your savings balance each month

Savings Maximiser (<$100k)

  • Deposit at least $1,000+ each month from an external source
  • Make 5 or more eligible transactions
  • Grow your savings balance each month
More details
05001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

Goal Saver

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

    Young Saver Account

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

      Smart Saver Account (Under 25)

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

        Reward Saver Account($0-$100k)

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

          Save up

            More details
            02000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

            Bonus Saver (<$1 Million)

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

              ANZ Save

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

                Bonus Saver Account (Amounts < $100k)

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

                  NetBank Saver

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

                    Life (< 30 years) (Monthly deposit)

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

                      Boost Saver

                        More details
                        020000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

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

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

                          Growth Saver ($1 - $25k)

                            More details
                            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)

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

                              Reward Saver Kick Start (Amounts ≤ $1m)

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

                                Saver Account (<$250k)

                                  More details
                                  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 July 27, 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.