Savings Account News

Spending data reveals which Christmas purchases have been most affected by COVID

The last few months have seen Aussies spending much more at liquor stores and computer shops than the same time in 2019.

By William Jolly ● December 18, 2020

Australian savers grew their savings balances massively in 2020, with Gen Z in particular - ages 16-24 - saving in their droves.

By William Jolly ● December 17, 2020

The latest data indicates household wealth has hit a record high, yet a social group has warned of the growing inequality in Australia.

By Harrison Astbury ● December 17, 2020

Australia's unemployment rate has fallen to 6.8% in November from 7.0% in October, seasonally adjusted.

By Alex Brewster ● December 17, 2020

Embattled neobank Xinja has decided to pull the plug on its bank account products, meaning it will no longer offer savings and transaction accounts.

By William Jolly ● December 16, 2020

Almost two million Australians fell victim to 'debt vultures' in 2020, and one consumer group says more regulation is needed in this space.

By William Jolly ● December 15, 2020

Popular budgeting app Moneytree will cease operations in Australia in January.

By Alex Brewster ● December 15, 2020

Australians receiving coronavirus stimulus payments spent most of it on household essentials, a new survey shows.

By William Jolly ● December 15, 2020

AMP said one-third of hospitality workers on its superannuation plans have applied for an early super release, the most of any industry.

By Harrison Astbury ● December 15, 2020

A new study has lifted the lid on long-term scarring in the labour market.

By Alex Brewster ● December 11, 2020