Savings Account News

Couch banking replacing the branch

New research has revealed that Aussies are increasingly ditching their physical bank in favour of digital banking at home.

By Alex Brewster ● June 25, 2019

Life insurance policy switch off: Super members urged to check inactive policies

Inactive life insurance policies held in superannuation funds will be automatically cancelled if members don’t confirm they want to continue paying premiums before July 1.

By Emma Duffy ● June 24, 2019

Life insurance policy switch off: Super members urged to check inactive policies

Inactive life insurance policies held in superannuation funds will be automatically cancelled if members don’t confirm they want to continue paying premiums before July 1.

By Emma Duffy ● June 24, 2019

RAMS the latest casualty of savings account rate cuts

RAMS’ high-interest Saver Account is the latest in a growing line of savings accounts to have its interest rate cut, following the Reserve Bank’s decision to cut the cash rate earlier in June.

By William Jolly ● June 21, 2019

Here’s what you need to know about Facebook’s Libra cryptocurrency

Social media giant Facebook is stopping at nothing short of world domination, announcing plans to launch a global cryptocurrency by 2020.

By Emma Duffy ● June 20, 2019

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

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