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.

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.