Savings Account News

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

Australians wasting nearly $4 billion on unused subscription services

Three in five Australians (62%) are wasting money on subscription services they either don’t use or have forgotten about, new research shows.

By William Jolly ● July 04, 2019

NBN proposes a ‘Netflix tax’

The NBN has floated the idea of charging its users an additional fee to use streaming services on its network.

By Alex Brewster ● July 03, 2019

Aussies planning to save their tax refunds

New research has shown that almost half (48%) of Australian taxpayers are intending to save their tax refund this financial year.

By Alex Brewster ● July 02, 2019

NAB subsidiary UBank slashes savings account interest rates

Another savings account immortalised by the Barefoot Investor, UBank’s USaver with Ultra account, has had its interest rate cut following the reduction to the cash rate earlier in June.

By William Jolly ● June 28, 2019

ING to cut Savings Maximiser interest rate again

ING Australia will tomorrow (9 July 2019) pass on the Reserve Bank’s latest 25-basis-point rate cut to its popular Savings Maximiser account.

By Dominic Beattie ● June 28, 2019

ANZ the last of the big four to cut savings account rates

Major bank ANZ has cut the interest rates on its savings account products by 20 basis points, becoming the last of the big four to reduce savings rates.

By William Jolly ● June 26, 2019

One in five Aussies have less than $250 in savings: AMP Bank

Australians are struggling to save money, with one in five of us having less than $250 in our savings accounts, according to new research.

By Alex Brewster ● June 26, 2019

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

Refinance home loans.Rates from 2.19% p.a.

Low-rate car loansRates from 3.97%

Savings ratesof up to 3.50%

Term deposit ratesof up to 1.45%

Let us come to you. Get Savings in your inbox.

Refinance home loans.
Rates from 2.19% p.a.

Low-rate car loans
Rates from 3.97%

Savings rates
of up to 3.50%

Term deposit rates
of up to 1.45%

Let us come to you.
Get Savings in your inbox.