Savings Account News

JobSeeker payments set to be permanently increased by Morrison Government

In the wake of devastating job figures, the unemployment benefit looks set to be increased permanently.

By Alex Brewster ● June 19, 2020

Low fees on savings accounts drives 7% plunge in bank fee revenue

Bank's fee revenue from households fell by 7% last year, largely driven by lower fees on deposit accounts.

By Emma Duffy ● June 18, 2020

Almost 1 million Australians unemployed as unemployment rate hits 7.1%

Australia's unemployment rate increased in May to 7.1% from 6.4% in April, seasonally adjusted.

By Alex Brewster ● June 18, 2020

COVID-19 causes more Aussies to save on energy, home improvements and food wastage

The vast majority of Australians have made significant lifestyle changes to reduce costs and make a positive environmental impact during COVID-19, new research shows.

By William Jolly ● June 17, 2020

What to know about your 2020 tax returns when working from home

With an onslaught of extra people working from home thanks to COVID-19, tax-time in 2020 could look a little different from previous years.

By William Jolly ● June 15, 2020

Wages growth turns negative for first time in 20 years

Australia's annual pay growth has fallen into negative territory for the first time in two decades, according to new figures from the Melbourne Institute.

By Emma Duffy ● June 12, 2020

COVID-19 lockdown sees gambling spending spike 60%

Data has revealed a worrying spike in gambling as a result of the pandemic lockdown.

By Alex Brewster ● June 12, 2020

ANZ chops savings account and term deposit interest rates

One of Australia's biggest banks has lowered the interest rates on both its savings account and term deposit products this week.

By William Jolly ● June 12, 2020

ATO reveals tips to make your tax return easy this year

The tax office has released its tips for a tax return which may look different to previous years.

By Alex Brewster ● June 11, 2020

OECD calls for JobKeeper extension, warns COVID second wave could derail economy

Australia's economy could contract by -6.3% this year if there is a second wave of infections - a $25 billion economic blow - according to new research.

By Emma Duffy ● June 11, 2020

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