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.
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.
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.
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.
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.
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.