Savings account rate changes

AMP announces new high-interest introductory savings account rate

AMP has just released a new introductory savings account interest rate that places it among the highest in the market.

By William Jolly ● March 27, 2020

Bank CEO hits back at Treasurer for ‘bank bashing’

The Chairman and CEO of non-major bank MyState has fired back at the federal government over its criticism of banks not passing on interest rate cuts in full.

By Emma Duffy ● October 18, 2019

86400, Up Bank and BOQ the latest to cut interest rates on savings accounts

New digital banks 86 400 and Up Bank, plus Bank of Queensland have all slashed the interest rates on their market-leading savings accounts.

By Emma Duffy ● October 11, 2019

UBank cuts savings rate by 31 basis points

Popular online bank UBank has slashed the interest rate on its savings account products by 31 basis points – more than the official cash rate cut.

By William Jolly ● October 11, 2019

ING to cut savings account interest rate for the FOURTH time this year

ING Australia will cut the maximum interest rate on its Savings Maximiser savings account by 25 basis points to 1.95% p.a tomorrow.

By William Jolly ● October 08, 2019

NAB, ANZ, Westpac & more: The banks who cut term deposit rates in September

More than 50 banks made changes to their term deposit rates this month, with the vast majority of these changes being cuts.

By William Jolly ● September 27, 2019

ANZ and RAMS shearing more points off savings account rates

As the ongoing interest rate on ANZ’s online saver account approaches zero, one of Australia’s highest-rate accounts will also have its interest rate cut tomorrow in spite of the Reserve Bank’s decision to hold the cash rate steady this month.

By Dominic Beattie ● September 24, 2019

ING cutting max Savings Maximiser rate to 2.20%

Despite the Reserve Bank of Australia holding the cash rate steady this month, ING Australia will tomorrow cut the maximum interest rate on one of Australia’s most popular savings accounts.

By Dominic Beattie ● September 17, 2019

Westpac cuts max interest rate on Westpac Life savings account to 1.95%

Westpac has cut the interest rate on one of its premier savings account products by 15 basis points.

By William Jolly ● August 27, 2019

RAMS to cut savings account rate by a further 20 basis points

One of the market-leading savings accounts, the RAMS Saver, will have its interest rate reduced by 20 basis points tomorrow.

By William Jolly ● August 22, 2019

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