Savings Account News

UBank cuts savings account interest rates again

UBank has today slashed the interest rates on its savings accounts by 19 basis points, taking the maximum rate on its ‘USaver with Ultra’ account down to 2.41% p.a.

By Alex Brewster ● July 17, 2019

What are deeming rates and how do they work?

You may have recently heard a fair amount of talk about deeming rates lately. Find out what they are and why they’re a hot topic right now.

By Alex Brewster ● July 15, 2019

The average Aussie is a millionaire (sort of)

The average Australian household’s wealth in 2017-18 exceeded $1 million, a 37% increase from last decade.

By William Jolly ● July 15, 2019

Who’s cut rates on savings accounts and term deposits this month?

Interest rates on savings accounts and term deposits continue to fall following the Reserve Bank’s July cash rate cut.

By William Jolly ● July 12, 2019

NAB: Economic outlook unchanged despite tax cuts

Economists at NAB have remained firm on their predictions of sluggish economic growth up to 2021, despite the recently passed tax cuts.

By Alex Brewster ● July 11, 2019

Will savers continue to struggle after another RBA rate cut?

After a second consecutive rate cut on Tuesday, much of the focus has been on which lenders are cutting home loan rates and by how much. But with interest rates falling to new record lows with each rate cut, Australians shouldn’t forget about the impact this can have on savings accounts and term deposits.

By William Jolly ● July 05, 2019

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