Up Bank has announced the roll out of its '2Up' joint accounts, labelling the launch "joint accounts reimagined".
Australian savers grew their savings balances massively in 2020, with Gen Z in particular - ages 16-24 - saving in their droves.
Up Bank has told customers it will be slashing its savings account interest rate by a significant 50 basis points next month.
Neobank 86 400 has made a significant change to its savings account, cutting in half the maximum deposit limit.
Neobank Up has announced it will be cutting its savings account interest rate by 25 basis points next week.
Analysis released today revealed neobanks have had their media mentions drop by three quarters in the COVID-19 period.
As we begin to move out of coronavirus restrictions, new data shows just how significantly our spending was affected at the peak of the shutdowns.
Up is the latest bank to cut interest rates for savers, decreasing its total interest rate by 15 basis points.
Major banks ANZ and NAB have joined the chorus of institutions slashing savings account interest rates in March.
Interest rates on some of Australia's market-leading savings accounts have been slashed in wake of last week's the cash rate cut.