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Home / Savings Account News

Savings Account News

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

Best Ride: New app compares Uber, DiDi and Ola to find cheapest rideshare option

New app 'Best Ride' has launched, marketing itself as a one-stop-shop for rideshare comparison.

By Alex Brewster ● October 27, 2020

Late bill payments surge, more trouble ahead for the economy?

The number of businesses struggling to pay their bills on time has surged by 20%, the biggest leap in at least a decade, signalling tougher times could be ahead for the economy.

By Emma Duffy ● October 27, 2020

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