Police Bank has launched a 2% savings account for young Australians aged 18-29 provided certain criteria is met.
Following the RBA's decision to lift the cash rate, Westpac and NAB are breathing new life into savings accounts.
One of Australia's market-leading savings accounts has had its interest rate bumped up, while term deposit rates are also seeing some increases.
Neobank 86 400 has made a significant change to its savings account, cutting in half the maximum deposit limit.
National Australia Bank cut its 'Reward Saver' and Retirement Account interest rates by 25 basis points on Tuesday.
Major banks ANZ and NAB have cut various savings account interest rates by 25 basis points, effective today.
Another smaller bank is cutting savings account interest rates, while a larger one is making it easier to earn interest during the COVID-19 pandemic.
AMP has rolled back the interest rate on its once market-leading introductory savings account, barely a week after increasing it by more than 50 basis points.
Up is the latest bank to cut interest rates for savers, decreasing its total interest rate by 15 basis points.
Neobank Volt and ING have both made cuts to their savings account rates - down to 1.65% p.a. and 1.80% p.a. respectively.