Savings Account News

UBank cuts its savings rate. Is it time to abandon savings accounts?

UBank has announced it will reduce the maximum interest rate on its popular USave account by 15 basis points on Friday.

By William Jolly ● November 11, 2020

ING cuts savings account rate in wake of RBA rate cut

ING has again taken the knife to its once high-interest savings account rate.

By Alex Brewster ● November 10, 2020

JobSeeker will be extended to March at a reduced rate, but is it enough?

Prime Minister Scott Morrison has confirmed a further extension of JobSeeker until the end of March, at a reduced rate.

By William Jolly ● November 10, 2020

75% of Aussies support 12% superannuation guarantee increase

An overwhelming majority of Australians support lifting the superannuation guarantee to 12% despite Reserve Bank modelling revealing that doing so will shrink wages growth.

By Emma Duffy ● November 09, 2020

Consumer anxiety falls, highest in Victoria and New South Wales

NAB's consumer anxiety index fell from 57.3 to 57.0 in Q3, and is now at similar levels to the same time last year.

By Alex Brewster ● November 05, 2020

National spending back to pre-pandemic levels

Weekly spending in Australia has now increased to above pre-pandemic levels for the first time since July, according to new data.

By William Jolly ● November 04, 2020

Death by a thousand cuts: NAB, Westpac, ANZ, CommBank cut savings rates ahead of RBA decision

Interest rates on savings accounts are on the chopping block as the banks prepare for a potential Melbourne Cup RBA rate cut.

By Emma Duffy ● October 30, 2020

Calls for October 31 tax return deadline to be extended

One tax expert has called on the ATO to extend the October 31 deadline for the self lodgement of tax returns.

By William Jolly ● October 28, 2020

Inflation rises 1.6% in September quarter, putting an end to deflation

Australia's Consumer Price Index (CPI) has risen 1.6% in the September quarter, taking the country out of deflation.

By Alex Brewster ● October 28, 2020

Savings double over COVID, triple in the past three years

New data from hundreds of thousands of Australians shows that household savings has increased massively not just during the pandemic, but before it as well.

By William Jolly ● October 27, 2020

Refinance home loans.Rates from 1.99% p.a.

Low-rate car loansRates from 3.97%

Savings ratesof up to 3.50%

Term deposit ratesof up to 1.45%

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Refinance home loans.
Rates from 1.99% 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.