While the changes for childcare workers were announced back in May, from this Thursday there is expected to be further changes as the scheme is currently under review.

It's reported that other sectors could be weaned off JobKeeper from Thursday.

Already, there's a new stipulation to the scheme, which states, "An entitlement to JobKeeper payment under this Part may be cancelled, revoked, terminated, varied or made subject to conditions by or under later legislation". 

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"]]
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  • 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
000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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*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 $100k-250K.
  • Tiered bonus rates apply. (TMDs at ubank.com.au)
4000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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  • 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 $500,000.
  • Reverts to variable ongoing rate. T&Cs apply.
010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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  • 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 $1,000+ each month from an external source
  • Make 5 or more eligible transactions
  • Grow your savings balance each month
05001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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Goal Saver

    050$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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    Young Saver Account

      000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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      Smart Saver Account (Under 25)

        00.011$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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        Reward Saver Account($0-$100k)

          0501$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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          Save up

            02000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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            Bonus Saver (<$1 Million)

              000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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              ANZ Save

                01000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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                Bonus Saver Account (Amounts < $100k)

                  5000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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                  NetBank Saver

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

                    Life (< 30 years) (Monthly deposit)

                      010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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                      Boost Saver

                        020000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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                        HomeME Savings Account ($0 - $100,000)

                          02001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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                          Growth Saver ($1 - $25k)

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

                            Future Saver Account ( < $50k)

                              0201$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]
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                              Reward Saver Kick Start (Amounts ≤ $1m)

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

                                Saver Account (<$250k)

                                  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 22, 2024. View disclaimer.

                                  The Sydney Morning Herald is also reporting that small businesses will be given access to a $40 billion loan scheme.

                                  Under the scheme, companies will be able to access four times the amounts previously allowed up to a new cap of $1 million.

                                  Already the JobKeeper scheme's cost has been written down by the Treasury from approximately $130 billion to $70 billion after a reporting error was revealed in May.

                                  “The difference between Treasury’s estimates at the time and the number of employees now accessing the JobKeeper program partly reflects the level and impact of health restrictions not having been as severe as expected and their imposition not having been maintained for as long as expected at the time," a Treasury statement said.

                                  For the unemployed, groups such as the Australian Council of Social Service (ACOSS) have called for the permanent increase of JobSeeker after the unemployment rate hit 7.4% last week, with those on JobKeeper bringing the total up to 13%.

                                  “We will be looking to next week’s economic statement to deliver on the other two elements of our response: A strong recovery in employment and a substantial rise in JobSeeker payments for the almost two million who will likely continue to need income support to cover the basics beyond September,’’ ACOSS chief Cassandra Goldie said.

                                  "The Government must not consign people suffering the misfortune of unemployment to the old $40 a day of Newstart.

                                  "It must deliver a permanent, adequate increase to Job Seeker, the unemployment payment, for the sake of those directly affected and to maintain vital support to the economy."

                                  ACOSS has also called for a long-term 'jobs and training guarantee' scheme, which would include paid work experience, vocational training and other support for six months for people younger than 25, and 12-24 months for people older than 25.