Savings Account News

Physical health, not financial fitness the focus for millennial women

Only four in ten millennial women say they’re confident about their financial futures, with young women more likely to invest in their physical health than their financial fitness.

By Emma Duffy ● September 25, 2019

ANZ and RAMS shearing more points off savings account rates

As the ongoing interest rate on ANZ’s online saver account approaches zero, one of Australia’s highest-rate accounts will also have its interest rate cut tomorrow in spite of the Reserve Bank’s decision to hold the cash rate steady this month.

By Dominic Beattie ● September 24, 2019

Australians leaving $10 billion on the table in unclaimed benefits every year

A new CommBank app feature aims to change that, by connecting Australians with over 250 unclaimed benefits and rebates.

By Emma Duffy ● September 19, 2019

Qantas and Virgin CEOs slam Australian airports fees

The CEOs of Australia’s two biggest airlines have called for the federal government to impose regulations on airports and decrease passenger fees.

By Alex Brewster ● September 19, 2019

ING cutting max Savings Maximiser rate to 2.20%

Despite the Reserve Bank of Australia holding the cash rate steady this month, ING Australia will tomorrow cut the maximum interest rate on one of Australia’s most popular savings accounts.

By Dominic Beattie ● September 17, 2019

Electricity costs fall but consumers can still save more

Electricity pricing reforms that came into effect on 1 July 2019 have saved Australian households between $130 to $430 a year on average.

By Alex Brewster ● September 16, 2019

RBA hits back at wealthy baby boomers

The RBA has slammed the claim that baby boomers’ incomes have suffered as a result of Australia’s low-interest-rate environment.

By Alex Brewster ● September 12, 2019

Consumer sentiment slips 1.7% in September: Westpac

The general consumer mood lapsed slightly into negative territory from August to September by 1.7%, due to continued pressure on family finances.

By William Jolly ● September 11, 2019

Fewer Aussies planning holidays but Gen Ys still keen to travel

New data has revealed the holiday intentions of Australians have declined from a year ago.

By Alex Brewster ● September 11, 2019

Australians spend $1,460 every year replacing items instead of fixing them

Australians are opting to throw away broken household items and replace them with new ones rather than repairing them, to the tune of $28.3 billion over the past 12 months.

By Emma Duffy ● September 10, 2019

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