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Home / Savings Account News

Savings Account News

'Fear of the unknown' as consumer confidence collapses

The latest Westpac-Melbourne Institute consumer confidence index fell to 79.5 in August after experiencing a bounce-back in July.

By Harrison Astbury ● August 12, 2020

COVID-19 sees lowest ever wages growth recorded in June quarter

Wages in Australia grew 0.2% in the June quarter and 1.8% through the year, seasonally adjusted.

By Alex Brewster ● August 12, 2020

CBA full-year results: Loan deferrals falling, cash deposits rising

Commonwealth Bank is the first of the big banks to release its full-year results for 2020, in an announcement chock full of COVID-19 references.

By William Jolly ● August 12, 2020

International fintech Revolut launches in Australia today

Global financial platform Revolut has officially become available to Australian customers.

By William Jolly ● August 11, 2020

Teens out of work and out of money during COVID-19

A new survey has revealed teenagers have lost their jobs, pocket money and even their phones as a result of COVID-19.

By Alex Brewster ● August 11, 2020

How are young people in Melbourne sharehouses coping during COVID-19?

As Melbourne enters its second week of tough stage four lockdown restrictions, a new study has revealed the significant impact of COVID-19 on young Victorians living in share houses.

By Emma Duffy ● August 10, 2020

HSBC and RAMS slash saving account rates

Two non-major banks have taken the knife to savings account rates.

By Alex Brewster ● August 07, 2020

Superannuation early withdrawal not as bad as you might think: Grattan

The government's super early access scheme has attracted its fair share of criticism since it was announced, but one new report says it may not be as bad for people's retirement as it's made out to be.

By William Jolly ● August 07, 2020

JobKeeper extended due to Victorian COVID crisis

The Government will extend its JobKeeper scheme for businesses and employees, to the cost of an extra $15 billion.

By Alex Brewster ● August 07, 2020

How to check if COVID-19 has affected your superannuation

With Australia experiencing a technical recession, what's the best way to see how your super is faring?

By Alex Brewster ● August 06, 2020

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