Savings Account News

ING cuts max interest rate on its Savings Maximiser account to 2.55%

The ING Savings Maximiser savings account – popular among readers of the Barefoot Investor – has had its maximum interest rate lowered by 25 basis points to 2.55% per annum.

By William Jolly ● June 17, 2019

Australian retirees will outlive their savings by a decade, says new report

A report by the World Economic Forum has made the grim warning that Australians will outlive their superannuation account balances.

By Emma Duffy ● June 14, 2019

Aussies spending more on housing, less on essentials: Commsec

Every generation thinks they’ve got it tougher than the ones before it. But a report by Commsec suggests our current economic climate actually stacks up pretty well compared to 25 years ago.

By Emma Duffy ● June 12, 2019

Three-quarters of Australians don’t know what they pay in bank fees

Most Australians are unaware of the fees and charges they’re paying to their bank, according to new research from UBank.

By William Jolly ● June 03, 2019

Minimum wage to rise 3%: Workers set to earn extra $1,123 per year

In a decision that will affect around 2.2 million workers, Australia’s Fair Work Commission has announced from 1 July 2019, the national minimum wage will increase 3% to $740.80 per week, or $19.49 per hour.

By Dominic Beattie ● May 30, 2019

Three-quarters of Indigenous Australians struggling with finance

A joint report from the First Nations Foundation (FNF), the Centre for Social Impact (CSI) and NAB has revealed the depth of the financial struggles Indigenous Australians are facing.

By William Jolly ● May 30, 2019

CommBank’s app relaunch set to help customers save money & claim benefits

Commonwealth Bank is set to give its CommBank app an overhaul, launching a suite of digital banking services including a tool that will identify $150 million each year in unclaimed benefits.

By Emma Duffy ● May 29, 2019

Big four bank customers the most likely to switch banks

Customers of the big four banks are more likely to switch to another bank, according to a new study.

By Dominic Beattie ● May 28, 2019

Savings and investments sets the wealthy apart – not level of income

The latest Investment Trends research shows the number of high net worth individuals (HNWI) in Australia has risen to a record 460,000 people, reasserting Australia as one of the wealthiest countries in the world.

By Emma Duffy ● May 24, 2019

Australian dollar, share market surges after shock election result

The Australian dollar has surged at the market open after the Liberal National Party (LNP) clung to power in a shock election victory on Saturday.

By Emma Duffy ● May 20, 2019

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