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Home / Savings account rate changes

Savings account rate changes

86 400 to halve savings account deposit limit for its maximum interest rate

Neobank 86 400 has made a significant change to its savings account, cutting in half the maximum deposit limit.

By William Jolly ● September 18, 2020

Retirees, savers dealt another blow as NAB slashes interest rates

National Australia Bank cut its 'Reward Saver' and Retirement Account interest rates by 25 basis points on Tuesday.

By Harrison Astbury ● April 23, 2020

ANZ & NAB join savings account rate cut conga line

Major banks ANZ and NAB have cut various savings account interest rates by 25 basis points, effective today.

By William Jolly ● April 14, 2020

86 400 to cut savings account rate, ING to waive bonus rate criteria

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.

By William Jolly ● April 09, 2020

AMP cuts introductory interest rate barely a week after raising it

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.

By William Jolly ● April 08, 2020

Up Bank the latest to cut savings account rates

Up is the latest bank to cut interest rates for savers, decreasing its total interest rate by 15 basis points.

By William Jolly ● April 06, 2020

Volt Bank, ING cut savings account interest rates

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.

By Harrison Astbury ● March 31, 2020

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

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