Savings Account News

Volt to offer up to 2.15% on new savings account

One of Australia's newest banks, Volt, promises to offer a savings account with a 2.15% p.a. interest rate.

By William Jolly ● December 10, 2019

Aussies are saving more, borrowing less than they were five years ago

Australians' financial wellbeing has improved over the last five years, driven by more saving and less borrowing for everyday expenses.

By Emma Duffy ● December 10, 2019

UBank and Basiq launch world first AI-powered debit card

UBank have announced a partnership with fintech Basiq, with the two looking to take advantage of open banking by giving customers a more complete picture of their finances.

By Alex Brewster ● December 10, 2019

Majority of Australians do not have a will in place

As many as 56% of Australians do not currently have a will in place, while 53% of parents have not discussed their will and legacy with their children.

By Alex Brewster ● December 09, 2019

ASIC slams timeshares as harmful and risky

The Australian Securities and Investments Commission (ASIC) has released a report today outlining the potential harm caused to consumers by timeshare schemes.

By Alex Brewster ● December 06, 2019

Saving outpaces spending as Aussies pocket their tax offsets

Belts around Australia appear to have tightened a few notches, with new figures revealing a sharp rise in the rate of household saving as Aussies stashed away, rather than splurged, the recent tax offsets.

By Dominic Beattie ● December 05, 2019

Forget presents, many millennials just want money for Christmas

New research has found many millennial Australians don’t want last-minute presents or hand-knitted sweaters this Christmas – all they want for Christmas is cold hard cash.

By William Jolly ● December 05, 2019

“Make insurance cheaper for younger, healthier people,” says Grattan Institute

A Grattan Institute report recommends charging younger people less for private health insurance to stop the continuing youth exodus from the private health system.

By Emma Duffy ● December 04, 2019

Australians lose $25 billion on gambling in one year

It’s no secret that Aussies love to have a punt and new data has revealed the staggering extent to which that is true.

By Alex Brewster ● December 03, 2019

Millennials and Gen Z bin over $1,000 of food every year

Australians are chucking out thousands’ worth of their hard-earned savings every year in wasted groceries, with Gen Z and millennials the worst offenders.

By Emma Duffy ● November 29, 2019

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