Savings Account News

New payments platform paves the way for open banking

Australia’s new high-speed payment system will allow consumers to more easily cancel direct debits, like gym memberships or Netflix subscriptions, in one of multiple new services soon to be available.

By Alex Brewster ● October 28, 2019

Drive around with your petrol light on? It’s a red flag for bad money habits: ME Bank study finds

We all know someone who ignores their fuel light until it’s almost too late, or only fills up the tank halfway to save money. If you’re one of the 1 in 4 Aussies with bad fuel habits, you probably have bad money habits to boot.

By Emma Duffy ● October 25, 2019

Beem It now allows instant transfers to multiple bank accounts

Bank-backed payments app Beem It has launched a new feature allowing users to instantly transfer money between several different bank accounts as well as set up scheduled payments.

By William Jolly ● October 22, 2019

Aussies feel the pinch before payday

New research from Xero has revealed one in three workers have less than $100 in their bank account in the days leading up to payday.

By Alex Brewster ● October 21, 2019

How will consumers react to open banking?

Open banking is set to be fully introduced in Australia from February and experts say it will transform the financial sector as we know it.

By Alex Brewster ● October 17, 2019

Superannuation fees fall for the first time in six years

Gross superannuation fees have decreased for the first time since 2013, down to $32 billion.

By Alex Brewster ● October 16, 2019

NAB finds consumer anxiety on the rise

People’s concern about their future spending and savings rose over the September quarter, according to NAB, but still remains below average.

By William Jolly ● October 16, 2019

86400, Up Bank and BOQ the latest to cut interest rates on savings accounts

New digital banks 86 400 and Up Bank, plus Bank of Queensland have all slashed the interest rates on their market-leading savings accounts.

By Emma Duffy ● October 11, 2019

UBank cuts savings rate by 31 basis points

Popular online bank UBank has slashed the interest rate on its savings account products by 31 basis points – more than the official cash rate cut.

By William Jolly ● October 11, 2019

Women increasingly invested in shares – NAB

New data from nabtrade has revealed that “unprecedented” numbers of women are turning to shares to create wealth.

By Alex Brewster ● October 08, 2019

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