Savings Account News

Rising energy costs a major concern for 96% of Australian households

As we head into summer, Australians are growing increasingly concerned about rising electricity costs – but our misuse of air conditioners could see us racking up more than $1,000 in wasted electricity.

By Emma Duffy ● November 19, 2019

ING has the highest retail bank satisfaction

New research has found ING has the highest customer satisfaction among retail banks, while Commonwealth Bank ranks the highest among the major banks.

By William Jolly ● November 19, 2019

ATO says unclaimed super could see you pocket up to $200

New data has revealed there is over $20.8 billion in lost and unclaimed superannuation across Australia.

By Alex Brewster ● November 15, 2019

Payday loans are debt traps for millions of Aussies: Report

A new report has found just over 4.7 million individual payday loans were written between April 2016 and July 2019, worth an approximate $3.09 billion.

By Alex Brewster ● November 12, 2019

Wildcard: The reverse budgeting app

It can be hard to resist spending your entire paycheck sometimes, particularly with the temptation of buy now pay later services like Afterpay and Zip. Most young Aussies (aged 18-29) have less than $5,000 in the bank, with nearly a quarter (24%) having under $1,000, according to a 2018 triple j survey.

By Emma Duffy ● November 07, 2019

Buy-now, pay-later popularity rapidly increasing

New research has found 1.95 million Aussies used a buy-now, pay-later scheme in the year up to September, up from 1.38 million in the previous 12 months.

By Alex Brewster ● November 05, 2019

Leading fintech TrueLayer joins Visa to help kickstart open banking in Australia

In what could be a huge step forward for open banking in Australia, UK-based fintech TrueLayer has announced its entry to the Australian market ahead of the consumer data right regime’s kick-off in February 2020.

By William Jolly ● October 30, 2019

Consumer price inflation rises to 1.7%, Cup Day RBA rate cut unlikely

The latest data has revealed inflation in Australia rose 0.5% for the September 2019 quarter, taking the annual rate of inflation up to 1.7%.

By Alex Brewster ● October 29, 2019

New payments platform paves the way for open banking

Australia’s new high-speed payment system will allow consumers to more easily cancel direct debits, like gym memberships or Netflix subscriptions, in one of multiple new services soon to be available.

By Alex Brewster ● October 28, 2019

Drive around with your petrol light on? It’s a red flag for bad money habits: ME Bank study finds

We all know someone who ignores their fuel light until it’s almost too late, or only fills up the tank halfway to save money. If you’re one of the 1 in 4 Aussies with bad fuel habits, you probably have bad money habits to boot.

By Emma Duffy ● October 25, 2019

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