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Home / Savings Account News

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

Move over Spotify: Our favourite savings categories in 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

Household wealth hits record high, yet social groups flag growing inequality

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

Unemployment falls with almost 100k jobs added in November

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

By Alex Brewster ● December 17, 2020

Neobank Xinja to hand back banking licence, will no longer offer bank accounts

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

Up to 1.9 million Aussies picked clean by 'debt vultures' in 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

Money saving app Moneytree to shut down in Australia

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

By Alex Brewster ● December 15, 2020

Most JobSeeker, JobKeeper payments being spent on the essentials

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

By William Jolly ● December 15, 2020

One third of hospitality workers apply for early super withdrawals: AMP

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

Older men most likely to be unemployed long-term

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

By Alex Brewster ● December 11, 2020

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