Mozo savings account news and advice

Tax breaks urged for savings account holders

Sun, 05 Feb 2012 13:00:00 GMT

Bankers are urging Australian treasurer Wayne Swan to offer new tax break incentives to hardworking Aussie savers.

Glasses wearers may have to dip into savings accounts

Wed, 01 Feb 2012 13:00:00 GMT

People who rely on state benefits in order to buy glasses could be forced to dip into their savings accounts to get their new frames, after the government announced funding cuts.

Aussies to be blighted by increasing insurance costs

Tue, 31 Jan 2012 13:00:00 GMT

Aussies may be forced to take money from their savings accounts in order to cover the rising cost of insurance premiums.

High cost of living continues to bite in Queensland

Mon, 30 Jan 2012 13:00:00 GMT

People living in Queensland continue to take drastic measures to protect their bank accounts, as new figures showed that many residents are unable to cover the costs for necessary medication.

Working mums forced to shell out huge sums for childcare

Mon, 30 Jan 2012 13:00:00 GMT

A growing number of working mothers are employing nannies to look after their children, but the high cost of childcare could be putting many households under increasing pressure. Director of Babysitters and More Kate Christie said that nannies were no longer just the domain of the well-off, the Herald Sun reports. Due to the high demand, many mums cannot get their kids into a creche and so must fork out for a professional childminder. Websites that specialise in childcare have reported massive demand for their services, resulting in the average hourly rate growing sharply, which may force more people to dip into their savings accounts. "Some mums just can't get their children into a creche, and there's a sense of desperation," Ms Christie was reported as saying. A recent survey conducted by ING Direct indicated that parents in New South Wales may be better placed to pay for childcare, as people in the state are most optimistic about their finances in 2012.

Poor products hit Aussies' savings accounts

Sun, 29 Jan 2012 13:00:00 GMT

More Aussies are being forced to dip into their savings accounts in order to pay for repairs when household products fail on them, it has been claimed.

Savings accounts look healthiest in NSW, survey shows

Wed, 25 Jan 2012 13:00:00 GMT

Aussies' savings accounts appear to be at their healthiest in New South Wales (NSW), a new study by ING Direct has found.

Aussies confident over finances in 2012, survey shows

Tue, 24 Jan 2012 13:00:00 GMT

Three-quarters of Australians are confident about their financial situation in 2012, new figures have suggested.

Petrol price dip will give Aussies a break

Mon, 23 Jan 2012 13:00:00 GMT

Aussie motorists who have been blighted by high fuel prices in the past few weeks have been handed a reprieve, as an economist stated that rates at the pump will fall again. Commsec's Savanth Sebastian highlighted figures released by the Australian Institute of Petroleum that showed the average price of a litre of unleaded petrol grew to 144c last week - a rise of 0.6c. Many drivers may have had little choice but to dip into their savings accounts in order to cover the excessive amounts being charged by filling stations. However, Mr Sebastian allayed fears that prices could spiral even further out of control. "Given that fuel prices peaked last Friday (January 20th), it is likely that pump prices will continue to fall over the coming week," he remarked. Earlier this month, Commsec's chief economist Craig James told the Herald Sun that petrol prices could have risen to 160c per litre by the end of January, but this has not yet happened.

Now is the perfect time to seek a pay rise, expert says

Sun, 22 Jan 2012 13:00:00 GMT

Now could be the best time for Aussies to boost their savings accounts by asking their boss for a pay rise, it has been claimed.

Anger as energy firms bump up prices again

Thu, 19 Jan 2012 13:00:00 GMT

Energy customers have reacted angrily after it was revealed that power companies in Victoria have been given the go-ahead to raise prices yet again. With the average bill soaring by $300 over the past two years, many people in the state have already been forced to dip into their savings accounts in order to cover their costs, the Herald Sun reports. The area's five main suppliers - Jemena, CitiPower, Powercor, United Energy and SP AusNet - had argued that a decision to grant them permission to charge an extra $7.4 billion was insufficient and regulators have now enabled them to increase this figure by $300 million over a three-year period. Consumer groups are also concerned that plans to rollout smart meters across Australia could hit people in the pocket too. Energy expert at the Consumer Action Law Centre Janine Rayner told the news provider that laws need to be changed to prevent the heavyweight companies from exploiting customers. Earlier this month, the same news provider reported how Jemena and United Energy were cleared to hike their bills by a total of $130 million between 2013 and 2015.

Global financial crisis 'will affect Aussies'

Wed, 18 Jan 2012 13:00:00 GMT

Although Australia has remained relatively strong since the last severe economic downturn, the World Bank has warned that the next major dip would "spare no-one". Speaking to the Herald Sun, global macroeconomics manager at the World Bank Andrew Burns said that the entire world could be thrown into a recession that is worse than the one in 2008. With this in mind, many Aussies may fear for their job security and would be wise to boost their savings accounts as much as they feasibly can in 2012. This is especially the case when considering that the latest report on unemployment conducted by the Australian Bureau of Statistics showed that job opportunities declined in December 2011. "The world has entered a very difficult phase characterised by significant downside risks and fragility," Mr Burns was quoted as saying. Despite this, Commsec chief economist Craig James suggested that the World Bank's outlook was perhaps too gloomy, as the Australian economy has made a relatively positive start to 2012.

Exercising can help boost your savings accounts, scientists say

Sun, 15 Jan 2012 13:00:00 GMT

Scientists believe that people who exercise on a regular basis are likely to have more money in their savings accounts than those who are couch potatoes.

Households in South Australia face utility bill hike

Thu, 12 Jan 2012 13:00:00 GMT

More people in South Australia may need to raid their savings accounts in the near future, as utility bills in the area are expected to rise by 16 per cent compared to last year. A study conducted by the Advertiser has suggested that Aussies living in this part of the country will have to find an additional $466 to pay for essential services. Overall, the average household in the region will be paying around $3,231 a year. SA Water customers have been warned that their bills will increase by around $72 this year, while gas supplier Envestra has announced that tariffs are likely to rise by $42. This is worrying news for hard-up people in the area and leaders at the South Australian Council of Social Service have indicated the hikes will hit the poorest members of society hardest. "The impacts are profound, particularly for people with the lowest incomes in South Australia," commented executive director at the organisation Ross Womersley. According to reports in the Herald Sun, some homeowners in Victoria are expected to see their collective power bills increase by $130 million between 2013 and 2015.

More Gen-Y members to open savings accounts next year

Thu, 29 Dec 2011 13:00:00 GMT

A growing number of Generation-Y members will look to open savings accounts in 2012, according to a new study.

Father and son receive huge boost to savings accounts

Wed, 28 Dec 2011 13:00:00 GMT

A father and son have both seen their savings accounts given a substantial boost, after the pair each won more than $195,000 on the lottery.

Consumers urged to switch bank accounts

Thu, 08 Dec 2011 13:00:00 GMT

Everyone Credit Union (ECU) has urged people to consider switching their bank accounts following the Reserve Bank of Australia's decision to slash interest rates by 25 basis points.

Victoria families receive energy bill blow

Wed, 30 Nov 2011 13:00:00 GMT

Families in parts of Victoria may be forced to raid their savings accounts in order to cover increasing energy bills, after power supplier Origin announced some sizeable price hikes.

Struggling Aussies 'still keen to splash out'

Wed, 30 Nov 2011 13:00:00 GMT

A growing number of Aussies admit their savings accounts are not looking too clever at the moment, but this does not stop them from splashing out on non-essential items.

Miners receive huge boost to savings accounts, survey shows

Mon, 28 Nov 2011 13:00:00 GMT

Australians who work in the mining sector could see their savings accounts starting to look healthier thanks to the current industry boom.

Australia 'under least pressure to reform retirement savings accounts'

Wed, 16 Nov 2011 13:00:00 GMT

Australia appears to have the best retirement system in the world, as figures have shown that savings accounts and pension holders in the country are the most content.

Energy bills putting pressures on Aussie families

Tue, 15 Nov 2011 13:00:00 GMT

Low-income families in Australia may be dipping into their savings accounts in an attempt to keep up with their energy bills.

Set up a savings account 'straight after Christmas'

Mon, 14 Nov 2011 13:00:00 GMT

Forward-thinking Australians should open a savings account straight after Christmas to give them the whole year to put cash aside for the next year, an expert has stated.

Aussies urged to create a Christmas budget

Wed, 26 Oct 2011 13:00:00 GMT

Aussies have been urged to consider drafting a budget to ensure they have control of their spending over the Christmas period.

High interest savings accounts ideal for putting cash aside for property

Sun, 23 Oct 2011 13:00:00 GMT

Aussies hoping to one day get a home loan with a view to eventually owning a property have been advised to consider opening a high interest savings account.

Aussies to use savings accounts to finance Christmas

Mon, 17 Oct 2011 13:00:00 GMT

Aussies that have put funds away in high interest savings accounts appear to be more inclined to use this money to purchase goods over the Christmas period rather than spend using credit cards, new figures suggest.

ABS: Gap in distribution of wealth 'has widened'

Thu, 13 Oct 2011 13:00:00 GMT

Aussies may want to consider opening a savings account in light of new figures from the Australian Bureau of Statistics (ABS) indicating that while wealthy people in the country are getting richer, those on lower incomes are getting poorer.

Rates for savings accounts 'declining'

Mon, 10 Oct 2011 13:00:00 GMT

In recent months, banks have reduced the interest rates on savings accounts as the outlook for lending remains slow.

Older Aussies 'using savings accounts to finance their children'

Wed, 05 Oct 2011 13:00:00 GMT

A trend that has started to emerge is that older Australians are using the funds in their savings accounts to financially support their children.

NAB bank account customers to get new mobile apps

Sun, 02 Oct 2011 13:00:00 GMT

Aussies considering going online to compare bank accounts may be tempted by a National Australia Bank (NAB) product, as the financial institution has revealed that it is upgrading its mobile apps.

Parents 'should encourage youngsters to use savings accounts'

Thu, 29 Sep 2011 14:00:00 GMT

A financial adviser has suggested that Aussie parents should make more effort to encourage their children to use of savings accounts.

ANZ highlights benefit of matched savings accounts

Tue, 27 Sep 2011 14:00:00 GMT

ANZ has asserted that its Saver Plus scheme encourages better use of savings accounts by Aussies, releasing a study indicating that a significant proportion continue to put cash aside after the programme ends.

Gen Y Aussies have stepped up their use of savings accounts

Thu, 22 Sep 2011 14:00:00 GMT

A senior official at the Reserve Bank of Australia (RBA) has asserted that the view of Generation Y Aussies as spenders rather than people who use savings accounts may need to be revised.

ABA calls for more incentives for Aussies to use savings accounts

Wed, 21 Sep 2011 14:00:00 GMT

The Australian Bankers' Association (ABA) has issued a list of proposals to the government to improve the tax system and encourage more people to use savings accounts.

Deposit guarantee 'has a strong influence on those using bank accounts'

Tue, 20 Sep 2011 14:00:00 GMT

Aussies considering opening new bank accounts with institutions they have not done business with before may be encouraged by the presence of a deposit guarantee, according to one expert.

Banks 'should not move funds from term deposits to low-interest bank accounts'

Thu, 15 Sep 2011 14:00:00 GMT

Financial institutions have been criticised for moving funds from term deposits into bank accounts with lower interest rates once they have expired.

Tax cuts 'unlikely in the coming years'

Wed, 14 Sep 2011 14:00:00 GMT

Aussies may want to start putting more money aside in their high interest savings accounts as there are unlikely to be any tax reforms in the coming years, it has been suggested.

Aussies using savings accounts 'helping prevent rate rises'

Tue, 13 Sep 2011 14:00:00 GMT

As more Aussies look for high interest savings accounts to put money away rather than spend it, the case for banks increasing interest rates diminishes, according to one analyst.

Gen Y first-time buyers 'may need to save more'

Tue, 13 Sep 2011 14:00:00 GMT

Young people hoping to purchase their own property may want to consider opening savings accounts as soon as possible to get enough cash together for a deposit on their first home.

ABA highlights safety of Aussie bank accounts

Mon, 12 Sep 2011 14:00:00 GMT

The Australian Bankers' Association (ABA) has highlighted the safety of banks in the country, news that may encourage Aussies considering opening a high interest savings account.

Simple measures at home could save Aussies money

Wed, 07 Sep 2011 14:00:00 GMT

Implementing simple measures in the home could result in Australians having more money to out into savings accounts, one expert has said.

Aussies adding to savings accounts by selling second-hand items

Sun, 04 Sep 2011 14:00:00 GMT

The savings accounts of Australians may be being boosted by the practice of selling second-hand items, a new study has revealed.

Aussies advised to compare savings accounts carefully

Thu, 01 Sep 2011 14:00:00 GMT

People planning to open a high interest savings account have been advised to compare the bank accounts on offer carefully.

RBA chief highlights benefits of putting cash in savings accounts

Mon, 29 Aug 2011 14:00:00 GMT

The governor of the Reserve Bank of Australia (RBA) has asserted that the cautious attitude towards household finances being seen across the country could stand Aussies in good stead if global financial conditions weaken.

Couples 'need to be particularly careful with their finances'

Wed, 24 Aug 2011 14:00:00 GMT

Couples may need even more discipline than single people when it comes to putting money into savings accounts, according to one expert.

Aussies warned financial markets likely to remain volatile

Tue, 23 Aug 2011 14:00:00 GMT

Individuals considering investing some of their money may be more tempted to put their funds into savings accounts following an expert's assessment of the world's financial sector.

First Home Saver Account scheme abandoned by CBA

Sun, 21 Aug 2011 14:00:00 GMT

Aussies looking for savings accounts to enable them to get together enough money to put down a deposit on a house may want to consider looking at the First Home Saver Account offered by the ANZ.

Savings accounts 'could be a useful tool for investors'

Wed, 17 Aug 2011 14:00:00 GMT

Aussies that are planning to invest in shares and stocks may benefit from opening a savings account to keep some of their funds safe.

Aussies have experienced a 1.2 per cent rise in weekly earnings

Wed, 17 Aug 2011 14:00:00 GMT

Aussies may have had more spare cash to put in their savings accounts in the three months to May as the average weekly ordinary time earnings for adult full-time employees increased by 1.2 per cent.

Parents urged to help children compare savings accounts

Mon, 15 Aug 2011 14:00:00 GMT

Following a Public Defender investigation which revealed that youngsters get interest rates as low as 0.5 per cent with some savings accounts, an expert has called on parents and children to compare bank accounts.

Australian consumers are either 'progressive' or 'conservative'

Mon, 08 Aug 2011 14:00:00 GMT

New research has shown that Australian consumers can be split into two distinct groups depending on their lifestyles and how they engage with modern technology.

Aussie consumers are focusing on debts

Sun, 07 Aug 2011 14:00:00 GMT

Australian consumers are getting more spendthrift and focusing instead on paying down their debts, it has been claimed.

Aussies filling savings accounts 'are being prudent'

Thu, 04 Aug 2011 14:00:00 GMT

Putting money into savings accounts is a sound financial plan and one that is appropriate in the current economic climate, an expert has suggested.

Cycling to work 'frees up more money to put in savings accounts'

Tue, 02 Aug 2011 14:00:00 GMT

Aussies have been urged to consider cycling rather than driving to work as this will leave them with more funds to put into their savings accounts.

Aussies 'have more to put in savings accounts than in the past'

Mon, 25 Jul 2011 14:00:00 GMT

Australian households may have more spare cash to put into savings accounts now than they have done in the past, according to new research.

Savings accounts customers at big four banks 'more satisfied'

Thu, 21 Jul 2011 14:00:00 GMT

Customer satisfaction levels at the big four banks rose in June, which may tempt Aussies considering opening savings accounts to opt for one with these providers.

Check the fine print rather than going for best interest rates

Mon, 18 Jul 2011 14:00:00 GMT

Aussies going online to compare savings accounts have been urged to look carefully at the fine print before selecting a product.

Grandfather receives $1.92m boost to savings account

Thu, 14 Jul 2011 14:00:00 GMT

A 57-year-old from Mount Annan has received a $1.92 million injection into his savings account or term deposit after scooping the Keno jackpot.

Aussie consumers 'prefer to add to savings accounts than spend'

Thu, 14 Jul 2011 14:00:00 GMT

With many Aussie consumers nervous about their financial situation, an increasing number are forgoing shopping sprees and are instead opting to put their cash into savings accounts.

Savings accounts 'increasingly popular with businesses'

Wed, 13 Jul 2011 14:00:00 GMT

Consumers may want to follow the lead of businesses in Australia by focusing on filling their savings accounts.

Carbon tax to increase bills by $200

Thu, 07 Jul 2011 14:00:00 GMT

Economic modelling has revealed that the average family may have to pay an additional $200 a year in bills if carbon tax is introduced, which might leave some households dipping into their savings accounts.

Employment figures hailed as "fantastic" by PM

Wed, 06 Jul 2011 14:00:00 GMT

Prime minister Julia Gillard has asserted that the rise in the number of Aussies in full-time employment is "fantastic".

One-quarter of Aussies in debt or using cash from savings accounts

Thu, 30 Jun 2011 14:00:00 GMT

Some 25 per cent of Aussies are dipping into savings accounts or going into debt in order to survive the tough financial climate, new figures have shown.

Aussies 'favouring savings accounts over home loans'

Thu, 30 Jun 2011 14:00:00 GMT

Worries over the state of the economy are leading a growing number of Aussies to put funds into savings accounts rather than apply for home loans, it has been claimed.

PM's tax cut plans to benefit 7m households

Tue, 28 Jun 2011 14:00:00 GMT

Australian households may find it easier to add to their savings accounts if tax cuts outlined by the prime minister Julia Gillard come into force.

Ash cloud forces Aussies to dip into bank savings accounts

Tue, 21 Jun 2011 14:00:00 GMT

Swathes of Australian air travellers could have been forced to withdraw money from their savings accounts due to disruptions caused by a volcanic ash cloud.

Financial concerns 'lead Aussies to wait longer to start a family'

Mon, 20 Jun 2011 14:00:00 GMT

Concerns over their financial position, such as the amount in their savings accounts, are one of the reasons why Aussies are waiting longer to start a family, an expert has stated.

Aussies 'putting more into savings accounts'

Mon, 20 Jun 2011 14:00:00 GMT

Worries about the economic situation and the rising value of the dollar have prompted Aussies to put more money into savings accounts as a precautionary measure, new research shows.

Children 'see luxuries as necessities'

Sun, 19 Jun 2011 14:00:00 GMT

Parents may be emptying their savings accounts to provide their youngsters with items that would at one point have been seen as luxuries, a new report indicates.

Finance minister expects rapid economic rebound

Thu, 16 Jun 2011 14:00:00 GMT

The Australian economy will receive a much-needed boost thanks to a "record mining boom", finance minister Penny Wong has said.

Low income workers to receive savings boost

Wed, 15 Jun 2011 14:00:00 GMT

From July of next year, low-income workers in Australia could have their superannuation contributions tax refunded.

Employers 'less inclined to hire new staff'

Wed, 15 Jun 2011 14:00:00 GMT

The proportion of companies in Australia that are expected to increase the rate at which they hire new staff has fallen over the last quarter compared to the preceding three months.

Australians concerned about their financial situation

Tue, 14 Jun 2011 14:00:00 GMT

Personal finances are a concern for an increasing number of Australians, according to the results of a new study.

Young Aussies 'are using savings accounts'

Mon, 13 Jun 2011 14:00:00 GMT

More than half of the teenagers in Australia are using savings accounts to put money away for the future rather than simply spending their funds, research has shown.

Average child 'costs up to $190k to raise'

Mon, 13 Jun 2011 14:00:00 GMT

Parents who added to their family in 2010 may want to open a savings account to help them meet the cost of raising a youngster in light of government estimates that the average middle-income family will spend up to $190,634 on their offspring.

Savings accounts to become more important as living costs rise

Sun, 12 Jun 2011 14:00:00 GMT

Opening savings accounts and storing some cash for a rainy day may become an increasingly savvy financial decision for Australians in light of forthcoming increases to living costs.

Savings accounts 'are being used more and more'

Thu, 09 Jun 2011 14:00:00 GMT

Aussies are increasingly keen to put spare cash into savings accounts rather than blowing it on extravagant and unnecessary purchases, it has been claimed.

Bank accounts customers 'offered unnecessary loans'

Sun, 05 Jun 2011 14:00:00 GMT

Bank accounts holders who contacted a call centre may have found themselves taking out a loan package they did not want after being persuaded to by the operative.

Aussies add $24.2bn to savings accounts in Q1

Wed, 01 Jun 2011 14:00:00 GMT

Households in Australia put away 11.5 per cent of their disposable income during the first quarter of the year, which was a higher proportion than in the preceding three-month period, new figures reveal.

Aussies 'saving cash rather than investing in shares'

Wed, 01 Jun 2011 14:00:00 GMT

Australians are increasingly opting to store their money in savings accounts and term deposits rather than investing their cash, recent data indicates.

Savings guarantee cut 'will have minimal effect'

Mon, 30 May 2011 14:00:00 GMT

Financial regulators are considering slashing the guarantee offered on savings accounts from $1 million to between $100,000 and $250,000.

Savings accounts a good idea in light of imminent power price hikes?

Sun, 22 May 2011 14:00:00 GMT

Opening a savings account now could be a wise move in light of one expert's assertion that the cost of power is set to increase significantly over the coming years.

Retirees 'need to think about writing wills'

Sun, 22 May 2011 14:00:00 GMT

Those who have retired and are enjoying life without work should ensure they have wills written up to clarify their desires regarding the distribution of the contents of their savings accounts and other assets when they pass away.

Strong saving figures 'could contain inflationary pressures'

Thu, 19 May 2011 14:00:00 GMT

The strong level of funds Aussies are putting into savings accounts could have a positive impact on inflationary pressures, it has been claimed.

Most Aussies 'think the Budget will leave them worse off'

Wed, 11 May 2011 14:00:00 GMT

The need to open savings accounts and start putting money away for times of need may have been highlighted recently by a poll in which more than nine out of ten people asserted that they believed they would be worse off after the Budget.

Prepare for the future with a savings account

Mon, 09 May 2011 14:00:00 GMT

Aussies that are concerned about the financial health of their families in the future may want to consider opening a savings account.

Households 'have more disposable income to put in savings accounts'

Thu, 05 May 2011 14:00:00 GMT

Aussie households are better off than they were five years ago, with the average level of disposable funds available each month among middle-income families rising by $23, money that could be put away for a rainy day in savings accounts.

Aussies 'want stability when saving their money'

Tue, 19 Apr 2011 14:00:00 GMT

Retirees and those preparing to end their career prefer to invest their earnings safely - perhaps in savings accounts - rather than risk their cash for better returns, according to a new report.

Couples 'should discuss finances early on'

Tue, 19 Apr 2011 14:00:00 GMT

Couples should discuss how much money they each have in savings accounts before they tie the knot.

Wealth levels 'at a record high in Australia'

Wed, 13 Apr 2011 14:00:00 GMT

Australians have more money now than they have ever had in the past, according to new figures from the Federal Treasury and the Australian Bureau of Statistics, news that could tempt some to open a savings account.

Aussies 'are losing money by not using savings accounts'

Sun, 10 Apr 2011 14:00:00 GMT

Australians could be losing as much as $4 billion by not putting their cash into high-interest savings accounts, new research indicates.

Australia's unemployment rate 'is impressively low'

Thu, 07 Apr 2011 14:00:00 GMT

The number of people in work in Australia and so in a position to open savings accounts to keep money for a rainy day is impressively high, it has been claimed.

Aussies 'are taking greater care with their money'

Mon, 04 Apr 2011 14:00:00 GMT

After a period in which Australians were less careful with their cash, an increasing number are trying to fill their savings accounts and watch what they spend, it has been suggested.

Aussies 'should have six months' salary in a savings account'

Mon, 28 Mar 2011 13:00:00 GMT

Forward-thinking Aussies should open savings accounts with at least six months salary in them to protect them against unforeseen expenses, according to a pair of experts.

Aussie households 'saved $74bn in 2010'

Wed, 23 Mar 2011 13:00:00 GMT

Australia appears to be quite a frugal nation, with households saving $74 billion in 2010, which is now leading to debt being reduced and a growing number of people getting ahead on their mortgage repayments.

Saving money 'gives long-term satisfaction'

Mon, 21 Mar 2011 13:00:00 GMT

Aussies planning on going online to compare savings accounts might be encouraged to start putting money away after a psychologist claimed cutting back on expenses gives "long-term satisfaction".

Women 'control day-to-day household expenses'

Mon, 21 Mar 2011 13:00:00 GMT

A recent study has revealed that 70 per cent of women think they control the family budget in their household, news that might tempt more people to go online to compare savings accounts.

Aussies 'are putting too much in savings accounts'

Wed, 16 Mar 2011 13:00:00 GMT

While it might be important to put money in a savings account for a rainy day, it has claimed that Aussies are currently being too cautious with their cash.

Aussie savings accounts 'lose $1.5m per month to scammers'

Mon, 07 Mar 2011 13:00:00 GMT

Australians are losing as much as $1.5 million a month from their bank accounts as a result of online fraud, a new report has revealed.

Millions of Australians fail to lodge tax returns

Sun, 06 Mar 2011 13:00:00 GMT

More than four million Australians could be failing to file their tax returns, those with savings accounts might be interested to learn.

Link bankers' bonuses to customer service, says consumer group

Thu, 03 Mar 2011 13:00:00 GMT

Aussies bank customers comparing savings accounts online could be among those encouraged by recent proposals aimed at improving customer service in the banking industry.

Banks urged to scrap unfair fees

Wed, 02 Mar 2011 13:00:00 GMT

Aussie consumers who are currently comparing bank savings accounts online could be among those interested in a new campaign aimed at improving customer services at the country's banks.

League tables will improve customer services, expert says

Mon, 28 Feb 2011 13:00:00 GMT

Aussies currently comparing saving accounts could be among those interested in recent comments regarding customer services.

Health insurance rates set to soar, Roxon confirms

Thu, 24 Feb 2011 13:00:00 GMT

Consumers in all parts of Australia could be forced to dip into their savings accounts when health insurance rates go up at the start of April.

Commonwealth Bank launches new savings product

Tue, 22 Feb 2011 13:00:00 GMT

Commonwealth Bank has revealed a new savings account that it claims promotes target-based saving among consumers.

Floods set to lead to double-digit rise in home insurance costs

Tue, 15 Feb 2011 13:00:00 GMT

Homeowners across the state of Queensland could be forced to raid their current accounts as they struggle to cope with marked increases to their home insurance premiums.

Queensland consumers to avoid utilities price hikes

Mon, 14 Feb 2011 13:00:00 GMT

Consumers in Queensland will not be hit by an increase in their utility bills, it has been stated.

Savers urged to take stock in post-GFC era

Mon, 07 Feb 2011 13:00:00 GMT

Australians have been advised to take stock and consider their savings situation in the post-global financial crisis (GFC) era.

Compulsory savings accounts 'could help with aged care'

Wed, 02 Feb 2011 13:00:00 GMT

Compulsory savings accounts could be one solution to the issue of aged care funding, a new report has said.

Budgeting 'key' for back-to-school families

Sun, 30 Jan 2011 13:00:00 GMT

Australian families have been advised to draw up back-to-school budgets to help them deal with the various expenses that emerge at this time of year.

Savings accounts could help with 'financial calendars'

Thu, 27 Jan 2011 13:00:00 GMT

Australian households have been advised to draw up a "financial calendar" for managing their spending throughout the year.

Savings account competition waning, Mozo finds

Wed, 26 Jan 2011 13:00:00 GMT

Consumers looking to compare savings accounts and secure good returns are being presented with fewer competitive options, research by financial comparison service Mozo has found.

Lack of savings puts Aussies at risk

Tue, 25 Jan 2011 13:00:00 GMT

A huge number of Australian families will struggle to make ends meet if the cost of living goes up this year, new research suggests.

Super savings reach record $1.23 trillion

Wed, 19 Jan 2011 13:00:00 GMT

Australia's total superannuation savings pool rose to a record $1.23 trillion in the 2009-10 financial year, new figures show.

'Generation X' urged to set wealth goals now

Tue, 18 Jan 2011 13:00:00 GMT

Australia's "Generation X" has been urged to set up solid, long-term financial plans before it's too late.

Separate savings from transactions, says Yellow Brick Road

Tue, 11 Jan 2011 13:00:00 GMT

Australian consumers have been urged to separate their savings from their transaction accounts as they look to get their financial goals on track.

Gen Y 'should set aside some income for savings'

Sun, 09 Jan 2011 13:00:00 GMT

Members of Generation Y should set aside a portion of their regular income for long-term savings and budgeting, it has been argued.

'Consumer conservatism' expected to continue in 2011

Tue, 04 Jan 2011 13:00:00 GMT

Australians will remain frugal in their spending habits this year amid fears of rising living costs, it has been predicted.

Savers confused by super terms

Wed, 29 Dec 2010 13:00:00 GMT

Many older Australians lack knowledge about the basic aspects of superannuation, new research has found.

Households save up less in December

Wed, 22 Dec 2010 13:00:00 GMT

Savings among Australian households fell this month, resulting in a decline in their overall financial position, a study has found.

Compare savings accounts and cut debt, says expert

Tue, 14 Dec 2010 13:00:00 GMT

Australians should regard the lingering threat of rising interest rates as an opportunity to compare savings accounts and build up a "nest egg", an expert has said.

Will Australians compare savings accounts as report highlights retirement fears?

Mon, 06 Dec 2010 13:00:00 GMT

Australians are fearful that they will not have enough money to finance their retirement, according to a new report.

Mozo and CHOICE team up for Better Banking campaign

Sun, 05 Dec 2010 13:00:00 GMT

Mozo has announced that it is joining forced with CHOICE on the organisation's Better Banking campaign in a bid to help Australians switch to a better banking deal.

Account switching must be easier, say lobbyists

Wed, 01 Dec 2010 13:00:00 GMT

The federal government must make it easier for consumers to switch accounts between banks if the sector is to become more competitive, a lobby group has said.

Savings account holders 'still racking up debt'

Tue, 30 Nov 2010 13:00:00 GMT

A large number of Aussie consumers make bad, and even irrational, financial decisions, new research has claimed.

Aussies consolidate super savings

Thu, 18 Nov 2010 13:00:00 GMT

Australia's major super funds have seen their new member growth rates fall to an all time low of just 1.7 per cent in 2009/10, new research shows.

Savers profit from RBA increase

Sun, 14 Nov 2010 13:00:00 GMT

Savings account holders are reaping the benefits of the Reserve Bank's decision to lift the official cash rate to 4.75 per cent earlier this month, it has been observed.

Common super standards will boost savings, says Cooper

Thu, 11 Nov 2010 13:00:00 GMT

Common data standards for the superannuation industry will help to create more efficient and wealthy funds, Cooper review chairman Jeremy Cooper has said.

Bank customers told: 'Demand a better deal'

Mon, 08 Nov 2010 13:00:00 GMT

Bank customers across the country could be encouraged to compare credit card deals, savings accounts, interest rates and other aspects of their personal finances following the advice of industry experts.

Separate accounts 'keep banks on their toes'

Thu, 04 Nov 2010 13:00:00 GMT

Consumers and small business owners can secure better deals from the banks by holding multiple accounts across different providers, it has been suggested.

Children 'upgraded' to 0% savings accounts

Wed, 27 Oct 2010 13:00:00 GMT

Children with BankSA savings accounts are being "upgraded" to new accounts that offer zero interest, it has been revealed.

'Compare savings accounts for better deals on fees'

Tue, 26 Oct 2010 13:00:00 GMT

Australian consumers should compare savings accounts in order to find better deals on banking fees, one commentator has said.

Savings put on hold by rising living costs

Sun, 24 Oct 2010 13:00:00 GMT

A growing number of Australian families are failing to save up because of mounting financial pressures elsewhere, it has been suggested.

BOQ's 'lottery' savings account comes under scrutiny

Thu, 21 Oct 2010 13:00:00 GMT

Bank of Queensland's (BOQ) new "lottery-style" savings account has come under scrutiny from financial regulators following concerns it could mislead customers.

Government saver scheme not attracting first-time buyers

Thu, 14 Oct 2010 13:00:00 GMT

A significant proportion of Australians have never heard of the federal government's First Home Saver Accounts (FHSA) scheme, new research shows.

Investment climate 'highly mixed' at present

Sun, 10 Oct 2010 13:00:00 GMT

There are signs of both rising uncertainty and growing confidence in global share markets at present, it has been observed.

Savings account shift puts pressure on CBA

Thu, 07 Oct 2010 13:00:00 GMT

The Commonwealth Bank (CBA) may be forced to implement out-of-cycle mortgage rate rises because of changes to customers' savings patterns, it has been suggested.

First Home Saver Accounts to offer more flexibility

Wed, 06 Oct 2010 13:00:00 GMT

The federal government has released draft legislation aimed at increasing the flexibility of First Home Saver Accounts.

Automated bank calls alienate customers

Wed, 29 Sep 2010 14:00:00 GMT

Banks risk confusing and alienating customers by using automated, recorded calls to contact them, it has been suggested.

Secret to Oz success in surviving financial crisis

Mon, 27 Sep 2010 14:00:00 GMT

Australians proved to be adept at cutting back on personal spending in order to survive the global financial crisis, according to new figures.

Savings to be hit by rising debt and rates

Sun, 26 Sep 2010 14:00:00 GMT

Australians will be forced to eat into their savings to cover rising levels of debt over the coming year, an expert has suggested.

SmartyPig accounts 'focus savings goals'

Thu, 23 Sep 2010 14:00:00 GMT

SmartyPig online savings accounts offer a good way of accumulating funds for a big purchase or event, one review has claimed.

Savings account taxes 'should be banned'

Mon, 20 Sep 2010 14:00:00 GMT

Australian consumers should call for an end to taxes on superannuation and savings accounts as part of the federal government's proposed public tax summit, a commentator has said.

Per Capita: RBA could offer low-cost savings accounts

Mon, 20 Sep 2010 14:00:00 GMT

The new Gillard government must take significant steps to meet the huge shortfall in Australian personal savings, the progressive think-tank Per Capita has said.

Savers still distrustful of super funds

Thu, 16 Sep 2010 14:00:00 GMT

More than half of working Australians still do not trust their super funds, new research shows.

ING Direct considered Australia's Best Bank, Mozo finds

Mon, 13 Sep 2010 14:00:00 GMT

ING Direct has been voted Australia's Best Bank in a survey of 23,000 banking customers by finance comparison and reviews site mozo.com.au.

Savings account funds seized by debtors

Mon, 13 Sep 2010 14:00:00 GMT

ANZ Bank may have breached consumer guidelines by harassing debtors and seizing money from their accounts, it has been revealed.

Greens keen to see cap on savings account fees

Thu, 09 Sep 2010 14:00:00 GMT

The Greens have said the party is still keen for new laws that would place caps on savings account charges and ban $2 ATM fees.

Federal government to consider tax overhaul

Wed, 08 Sep 2010 14:00:00 GMT

The federal government is to arrange a special tax summit to consider numerous Henry review options that have so far not been ruled out.

Online savings accounts 'are beating bond yields'

Tue, 07 Sep 2010 14:00:00 GMT

Australian investors can currently get better returns with online savings accounts than they can with ten-year bonds, it has been claimed.

Generation Y 'prefers bigger banks'

Sun, 05 Sep 2010 14:00:00 GMT

Young Australians have more faith in bigger financial institutions, new research has found.

Generation Y are Australia's most thrifty

Mon, 30 Aug 2010 14:00:00 GMT

Australians in their late teens and early 20s are among the country's most thrifty shoppers, a study has revealed.

Savings account management 'key for property buyers'

Mon, 30 Aug 2010 14:00:00 GMT

First-time home buyers must ensure they keep a close eye on their savings accounts and other household finances, it has been suggested.

Frugal women are considered sexy, survey finds

Thu, 26 Aug 2010 14:00:00 GMT

Women who are thrifty with their money are considered sexy and intelligent, a new study has found.

Politicians given secret pay rise

Tue, 24 Aug 2010 14:00:00 GMT

Australians who are struggling to cope with their personal finances could be among those interested to learn that politicians have been given a secret pay rise.

Childcare fees on the rise

Tue, 24 Aug 2010 14:00:00 GMT

Working parents in Australia could be tempted to compare their savings accounts in order to find a better deal following the publication of a new report on childcare fees.

Banks offer 'quite strong' competition on deposits, says Stevens

Tue, 17 Aug 2010 14:00:00 GMT

Australia's major banks are offering sufficient competition on savings accounts, Reserve Bank governor Glenn Stevens has said.

Federal election promises 'sweeteners' for savers

Sun, 15 Aug 2010 14:00:00 GMT

The conclusion of the federal election on Saturday (August 21st) will usher in a number of changes to Australians' personal finance options, it has been suggested.

Australians are 'least comfortable' with personal savings

Tue, 10 Aug 2010 14:00:00 GMT

Australians feel less comfortable with managing personal savings than any other aspect of household finances, it has been suggested.

Investors prefer to compare savings accounts

Sun, 08 Aug 2010 14:00:00 GMT

A growing number of Australian investors are turning their back on the share market in favour of bank deposits, it has been suggested.

First home savings accounts 'in limbo' because of election

Wed, 04 Aug 2010 14:00:00 GMT

Reform of the government's troubled first home savings account scheme is now in a state of limbo because of the upcoming federal election, it has been suggested.

Australians shrink debt and continue the 'savings habit'

Mon, 02 Aug 2010 14:00:00 GMT

Australian consumers remain more inclined to save and pay down their debts than spend big on credit cards, new research shows.

Compare savings accounts, urges Britain's first new bank for 100 years

Thu, 29 Jul 2010 14:00:00 GMT

Britain has witnessed the opening of its first new high street bank for more than 100 years.

Collector makes $200m find from a $45 garage sale purchase

Wed, 28 Jul 2010 14:00:00 GMT

A collector in the US has confirmed that a set of glass negatives bought at a garage sale for US$45 ($49) back in 2000 are in fact rare prints worth at least US$200 million ($222 million).

ANZ Extras presents new savings account option

Wed, 28 Jul 2010 14:00:00 GMT

ANZ has launched a new transaction account that offers bonus interest rates on savings and a range of non-banking benefits.

Tax breaks 'could encourage more Aussie savers'

Wed, 28 Jul 2010 14:00:00 GMT

Proposed federal government tax breaks could prove to be powerful incentives to Aussie savers, it has been claimed.

Branson encourages Aussies to compare savings accounts

Mon, 26 Jul 2010 14:00:00 GMT

British business tycoon Sir Richard Branson is aiming to break the dominance of Australia's 'big four' banks after launching a new online savings account and two new credit cards at a Virgin Money event on Sydney Harbour today (July 27th).

Savings account track records 'vital to home ownership'

Sun, 25 Jul 2010 14:00:00 GMT

Prospective first home buyers must have a strong savings history if they are to be successful in the property market, it has been suggested.

Savings accounts for first home buyers 'unpopular'

Thu, 22 Jul 2010 14:00:00 GMT

The federal government's first home saver accounts scheme has helped fewer people than was first planned, it has been revealed.

Aussies demand super profits tax on banks

Wed, 21 Jul 2010 14:00:00 GMT

Australian voters have come out in favour of a super profits tax on some of the country's major banks.

Savings accounts 'are the simplest route to a home deposit'

Mon, 19 Jul 2010 14:00:00 GMT

A standard savings account is the simplest way for first home buyers to start working towards a home deposit, it has been claimed.

Australians at risk of 'old age destitution'

Wed, 14 Jul 2010 14:00:00 GMT

Australians may struggle to provide for themselves later in life if the country's elderly population continues to expand at its current rate, it has been suggested.

Savings account scam uncovered after conman gives fake address

Mon, 12 Jul 2010 14:00:00 GMT

A conman is on the run from police in Adelaide after using a British passport and fake address to open savings accounts with four banks.

RaboDirect plans mobile banking platform

Thu, 08 Jul 2010 14:00:00 GMT

RaboDirect has announced plans for a mobile internet banking platform as it looks to keep up with current trends.

Australians 'need educating about retirement saving'

Wed, 07 Jul 2010 14:00:00 GMT

Australians need better advice and education about how to handle their retirement savings, it has been suggested.

Use new financial year to compare savings accounts, say Kochs

Sun, 04 Jul 2010 14:00:00 GMT

Australian consumers should use the start of the new financial year to set savings targets and improve their financial standing, it has been suggested.

Aussie pay packets to grow from tomorrow

Tue, 29 Jun 2010 14:00:00 GMT

Australians will have a bit more money in their pay packets from tomorrow (July 1st) as a number of tax changes kick in to herald the start of a new financial year.

Australian cities 'offer good value for money'

Mon, 28 Jun 2010 14:00:00 GMT

Australian cities offer the best value for money for expatriates living and working in the Asia-Pacific region, a new study has found.

Savers urged to start new financial year on a winner

Sun, 27 Jun 2010 14:00:00 GMT

Australians have been advised on some of the top saving and investment trends for the 2010-11 financial year as the current one draws to a close on June 30th.

Number of Aussie millionaires soars by 34%

Wed, 23 Jun 2010 14:00:00 GMT

The total number of Australian millionaires has gone up by an impressive 34 per cent since the depths of the global financial crisis, new research shows.

Insurance fees eat into retirement savings

Tue, 22 Jun 2010 14:00:00 GMT

Insurance fees on super accounts are eating into Australians' retirement savings, an expert has warned.

Thousands of Aussies caught in super fund scam

Tue, 15 Jun 2010 14:00:00 GMT

Over 8,000 Australian taxpayers have been caught illegally plundering their superannuation accounts this financial year, it has been revealed.

Women retire 'with less than half the savings of men'

Wed, 09 Jun 2010 14:00:00 GMT

Continuing pay inequalities mean that women retire with less than half the amount of savings in their superannuation accounts as men, a charity leader has claimed.

Earnings growth forecasts to be lowered

Tue, 08 Jun 2010 14:00:00 GMT

Continuing volatility in the world's financial markets has prompted economists to downgrade their business earnings growth forecasts, it has been revealed.

Sydney residents 'need $100,000 to live comfortably'

Tue, 01 Jun 2010 14:00:00 GMT

Almost half of Sydney's residents believe they need to earn at least $100,000 to live comfortably, it has been revealed.

RaboDirect urges Aussies to compare savings accounts

Tue, 25 May 2010 14:00:00 GMT

Australians should transfer their spare funds from everyday transaction accounts into high interest savings accounts, the online bank RaboDirect has said.

Russian website cons Westpac customers

Thu, 20 May 2010 14:00:00 GMT

A scam website has tricked at least 50 Westpac customers into disclosing their account passwords and PINs, it has been revealed.

Now is a good time to save, says RBA

Tue, 18 May 2010 14:00:00 GMT

Now is a great time to get high returns on savings deposits, a senior Reserve Bank of Australia (RBA) official has claimed.

Petrol prices at highest level for over a year

Tue, 11 May 2010 14:00:00 GMT

Petrol prices have hit their highest level since the onset of the global financial crisis in late 2008.

Banks have used global crisis as excuse to 'gouge' customers

Sun, 09 May 2010 14:00:00 GMT

Australia's major banks have used the uncertainty caused by the global financial crisis as an excuse to "gouge" customers with high fees and interest rates, it has been suggested.

Savings accounts 'a better option than shares'

Thu, 06 May 2010 14:00:00 GMT

Savings accounts are a safer and more efficient alternative to shares when it comes to earning high returns, it has been observed.

Living costs rise, with wages expected to follow

Thu, 29 Apr 2010 14:00:00 GMT

Some essential living costs have risen considerably over the past year, but Australians may soon have more money in their pockets to pay for them, it has been revealed.

Expert: Transfer surplus funds to online savings accounts

Mon, 26 Apr 2010 14:00:00 GMT

Australians should transfer any surplus funds into high interest online savings accounts in order to get the best returns for their money, an expert has said.

Working families are better off under Labor, Rudd government claims

Mon, 26 Apr 2010 14:00:00 GMT

Tax relief measures and other benefits have meant that working families are almost $4,000 better off under Labor, the Rudd government has said.

Australia Post 'will not become a people's bank'

Thu, 22 Apr 2010 14:00:00 GMT

Australia Post's chief executive has quelled speculation that it is set to become a "people's bank" that will sell government-backed financial services.

Online savings accounts 'are the way forward'

Wed, 21 Apr 2010 14:00:00 GMT

Online savings accounts are among the best places for Aussies to deposit their money, it has been suggested.

Australia cracks down on tax havens

Sun, 18 Apr 2010 14:00:00 GMT

The Australian Tax Office has begun a major crackdown on the use of tax havens by high net worth individuals.

Australians think inflation will rise again

Wed, 14 Apr 2010 14:00:00 GMT

The number of Australians who think that inflation will remain within the Bank of Australia's (RBA's) two to three per cent band has declined for the second month in a row, new figures show.

Bank fees 'are costing families more than $50 a week'

Sun, 11 Apr 2010 14:00:00 GMT

Australian families are being hit with excessive bank fees that amount to more than $50 a week, new research has claimed.

NSW residents brace themselves for power bill hikes

Tue, 06 Apr 2010 14:00:00 GMT

Desperate families and pensioners in New South Wales have pleaded with the state government to cancel plans for big power price rises this winter, it has been revealed.

Savers benefit from RBA rate rise

Mon, 05 Apr 2010 14:00:00 GMT

Some of the major banks are raising interest rates on savings accounts by 25 basis points, suggesting the Reserve Bank's latest rate hike will bring benefits for certain customers.

Petrol prices to rise by 9c for Easter

Wed, 31 Mar 2010 13:00:00 GMT

Australian drivers can expect to be hit with higher petrol prices from tomorrow as motorists look to get away for the long Easter weekend.

More Aussies saving as retail sales slump

Tue, 30 Mar 2010 13:00:00 GMT

Retail sales have fallen unexpectedly, suggesting Australian shoppers are feeling less confident about spending big on the high street.

Interest rates for savers 'have already peaked'

Sun, 28 Mar 2010 13:00:00 GMT

Interest rates on savings accounts and term deposits are falling, a commentator has noted.

Expectant parents 'should put a budget together'

Sun, 14 Mar 2010 13:00:00 GMT

Expectant parents should take steps to ensure they can cover the wide range of costs that come from having a baby, an expert has said.

Nearly half of all couples argue over money

Sun, 07 Mar 2010 13:00:00 GMT

Almost half of all couples argue over money - and finance feuds are on the rise, new research shows.

Australian banks hit back at fee criticisms

Wed, 03 Mar 2010 13:00:00 GMT

Representatives from Australia's major banks have hit back at claims they are profiting from unfair fees on customer accounts.

Banks cut savings account fees

Wed, 24 Feb 2010 13:00:00 GMT

A number of major Australian banks have recently chosen to cut the fees on their flagship accounts, a commentator has noted.

Families set to pay an extra $14.50 a month in health cover

Wed, 24 Feb 2010 13:00:00 GMT

The new health insurance premium rise means that families will have to pay about $14.50 a month extra for health fund cover from April 1st.

Health insurance costs on the rise

Thu, 18 Feb 2010 13:00:00 GMT

Health premiums are set to increase by as much as seven per cent this year, it has been revealed.

Women 'have worse personal finances'

Wed, 17 Feb 2010 13:00:00 GMT

Almost a third of Aussie women have been classed as "financially unfit" during the second annual Bankwest Financial Fitness Index.

Women 'should ask for pay rises'

Sun, 14 Feb 2010 13:00:00 GMT

Australian women need to stand up for themselves and demand pay rises, an expert has said.

Savers win big as banks compete for deposits

Mon, 08 Feb 2010 13:00:00 GMT

Competition for deposits among the major banks has meant that interest rates on some savings accounts are already greater than mortgage rates.

Homeowners risk "cost-blowouts" when renovating

Mon, 08 Feb 2010 13:00:00 GMT

Careful planning and research is required to avoid unexpected home renovation costs, experts have warned.

Homeowners could be hit with $1,500 energy assessment charge

Sun, 07 Feb 2010 13:00:00 GMT

All Aussie residences will soon be forced to undergo an energy-efficiency assessment which could cost up to $1,500 per property.

Aussie finances hit by takeaway spending

Thu, 04 Feb 2010 13:00:00 GMT

Personal finances are taking a serious hit because of the Australian fondness for takeaway meals.

Transport fares 'are overpriced'

Tue, 02 Feb 2010 13:00:00 GMT

Australia's independent pricing regulator has said that the government's new public transport fare structure features some ticket price increases that exceed the authorised maximum prices.

Savers benefit from high interest rates

Mon, 01 Feb 2010 13:00:00 GMT

Savers are benefiting from high interest rates on their accounts, many of which are over and above the Reserve Bank of Australia cash rate.

NSW's low-paid workers face wage cuts

Tue, 26 Jan 2010 13:00:00 GMT

Low-paid workers in New South Wales (NSW) face losing wages as part of a massive government shake-up of workplace award systems.

New Year is 'the best time to kick-start saving'

Mon, 25 Jan 2010 13:00:00 GMT

As the New Year gets underway, Australians are being urged to start saving for their future.

Higher bankruptcy threshold rejected by banks

Mon, 25 Jan 2010 13:00:00 GMT

Banks want the government to reconsider the proposed changes to bankruptcy rules in Australia, it has been reported.

Tax breaks 'may help savers'

Sun, 24 Jan 2010 13:00:00 GMT

Australians may be encouraged to save more if new tax regulations come into force, an expert has said.

Low-paid workers set to lose tax breaks

Thu, 21 Jan 2010 13:00:00 GMT

Some of the lowest paid workers in Australia face losing salary perks worth up to $30,000 as part of an extensive tax overhaul.

NAB abolishes savings accounts fees

Thu, 14 Jan 2010 13:00:00 GMT

National Australia Bank (NAB) has abolished a range of bank fees on its customer accounts.

Rate fears cause borrowing slowdown

Wed, 13 Jan 2010 13:00:00 GMT

A growing number of Aussies are reluctant to borrow money for 'life improving' purchases because of fears about rising interest rates.

Predicted rent rise could mean spending power falls further

Tue, 12 Jan 2010 13:00:00 GMT

Rents on Australian homes are likely to rise in the coming months, an expert has said.

Aussies 'lose track of spending'

Mon, 11 Jan 2010 13:00:00 GMT

Aussies are not sure where a third of their cash goes each week, a survey has found.

NSW workers 'losing out'

Sun, 10 Jan 2010 13:00:00 GMT

New South Wales (NSW) has been declared the worst performing economy of all the states and territories.

Bankruptcy rate experiences slowdown

Thu, 07 Jan 2010 13:00:00 GMT

Bankruptcy affected fewer Aussies in the run up to Christmas as borrowers made deals with their creditors.

Health costs set to rise

Wed, 06 Jan 2010 13:00:00 GMT

Aussies will have to pay for a greater proportion of health costs from their own pockets this year to make up for an insurance shortfall.

Living costs set to soar in 2010

Tue, 05 Jan 2010 13:00:00 GMT

Households will have to pay up to $76 a week extra this year as living costs soar, a new study has found.

Fees encourage bank account switching

Mon, 04 Jan 2010 13:00:00 GMT

Aussies who feel they are paying too much in account fees could consider changing their banking behaviour, a commentator has said.

Welfare repayment crunch boosts savings demand

Wed, 30 Dec 2009 13:00:00 GMT

People forced to repay overpaid welfare benefits will be worse off after the government raised the repayment rate.

New year plans push health spending higher

Tue, 29 Dec 2009 13:00:00 GMT

Aussies will spend more than $200 million on weight-loss programmes and gyms in the New Year, a study has found.

Careful savers achieve rising personal wealth

Mon, 28 Dec 2009 13:00:00 GMT

Personal wealth is growing at a record speed, with careful savers during the economic slump now reaping rewards.

New Year pessimism increases savings demand

Wed, 23 Dec 2009 13:00:00 GMT

Aussies are increasingly pessimistic about the rising cost of living, a study has found.

Aussies target savings in Christmas shopping

Mon, 21 Dec 2009 13:00:00 GMT

Rising interest rates have forced shoppers to be more conservative in their Christmas spending this year, a business analyst has said.

Young Australians target savings

Sun, 20 Dec 2009 13:00:00 GMT

A third of 18-24-year-old Aussies - also known as "Gen Y" - are worried about their job security, new research has found.

Rising power bills encourage people to compare savings accounts

Tue, 15 Dec 2009 13:00:00 GMT

Electricity bills in New South Wales are set to rise by as much as 62 per cent over the next three years, a report has found.

Banks offer high interest savings rates

Sun, 13 Dec 2009 13:00:00 GMT

Banks are competing for customer deposits by offering high interest savings rates and high term deposit interest rates.

Special savings accounts needed to cover high wedding costs

Thu, 10 Dec 2009 13:00:00 GMT

An undercover investigation has found that reception venues, photographers and car hire companies charge more for their services when they know it is for a wedding.

Mozo launches search for Australia's first Vice President

Wed, 09 Dec 2009 13:00:00 GMT

Financial comparison website Mozo.com.au today announced the campaign launch of Mozo's Race for Vice President, a ground-breaking election campaign designed to expose Australia's top vices – booze, gadgets, takeaway food, clothes and shoes, coffee and others – and find the country's best candidates to vie for the inaugural Vice President title.

Kids cost $1m: Parents to be may want to compare savings accounts

Thu, 26 Nov 2009 13:00:00 GMT

People hoping to have a family in the future may want to compare savings accounts in preparation for the cost, if one report is to be believed.

Rural Aussies may get savings account boost

Tue, 24 Nov 2009 13:00:00 GMT

People living in rural Australia may soon have better access to their savings accounts.

Savings accounts may take hit through ETS

Tue, 24 Nov 2009 13:00:00 GMT

Households' savings accounts may be set to take a hit following the establishment of the Emissions Trading Scheme (ETS).

Young unemployed to get help managing money

Tue, 24 Nov 2009 13:00:00 GMT

Young people on state benefits are to receive help managing their finances, according to a government official.

NAB receives more custom after dropping fees

Mon, 23 Nov 2009 13:00:00 GMT

National Australia Bank (NAB) is reportedly reaping the rewards of dropping its penalty fees on products, in news that may be of interest to those looking to compare savings accounts.

Banks 'quick to pass on interest rate rises'

Mon, 23 Nov 2009 13:00:00 GMT

Aussie banks have been quick off the mark to increase interest rates on their online savings accounts, some pundits have noted.

DIY superannuation savings accounts 'gaining popularity'

Sun, 22 Nov 2009 13:00:00 GMT

More people are opting to have a DIY superannuation savings account, according to a new report.

Aussies dipping into their savings accounts more than last year

Sun, 22 Nov 2009 13:00:00 GMT

Aussies are dipping into their savings accounts more than they were this time last year, according to a new report.

'Emotional driver' leads people to put more in savings accounts, bank says

Sun, 22 Nov 2009 13:00:00 GMT

ANZ has launched a research project looking into the way in which people with low incomes interact with their savings accounts.

Aussie kids to get savings accounts tips

Sun, 22 Nov 2009 13:00:00 GMT

Aussie kids are to get lessons in how to make the most out of savings accounts and other financial advice as part of a new banking initiative.

It is 'fashionable to be practical' this Christmas

Thu, 19 Nov 2009 13:00:00 GMT

Aussies think it is fashionable to be practical when it comes to buying Christmas presents this year so their savings accounts do not take too much of a hit.

Scammers 'offering refunds on bank accounts'

Tue, 17 Nov 2009 13:00:00 GMT

Scammers are targeting New South Wales (NSW) accountholders by offering them apparent refunds on charges incurred on their bank accounts, it has been revealed.

ANZ savings accounts scheme extended

Tue, 17 Nov 2009 13:00:00 GMT

ANZ has announced an extension to its scheme to match very low income earners' deposits into its savings accounts.

Pension savings interest rates 'better with risk'

Tue, 17 Nov 2009 13:00:00 GMT

Pension savings interest rates can be hampered by adopting too careful an investment strategy, it has been warned.

Aussies 'may not be dipping into savings accounts for Christmas'

Sun, 15 Nov 2009 13:00:00 GMT

Aussies are planning to refrain from dipping into their savings accounts as the festive season approaches, it has been found.

Aussies boosting savings accounts with home brands

Tue, 10 Nov 2009 13:00:00 GMT

Aussies are taking to buying more supermarket-branded goods in a bid to cut down on spending and boosting savings accounts.

Fast-rising food prices could make dent in savings accounts

Mon, 09 Nov 2009 13:00:00 GMT

Aussie savings accounts may be feeling the strain as the country has some of the fastest-rising food prices in the world, according to a new report.

Aussies 'have more cash' to put in savings accounts

Sun, 08 Nov 2009 13:00:00 GMT

Australians have more cash than ever before, which could be good news for the savings accounts sector.

Households' savings accounts could be hit by rising energy costs

Sun, 08 Nov 2009 13:00:00 GMT

Aussie households' savings accounts may take a dint in the coming months as energy costs increase.

What could make more people compare savings accounts?

Wed, 04 Nov 2009 13:00:00 GMT

People who want to compare savings accounts might be interested in a recent discussion in the press lately.

Taxes on savings accounts 'should be cut'

Wed, 04 Nov 2009 13:00:00 GMT

The government should encourage people to put more money into their savings accounts by cutting taxes, it has been suggested.

Energy price hikes could impact on savings accounts

Wed, 28 Oct 2009 13:00:00 GMT

Increases in energy prices have been recorded in a recent report, which could potentially impact on people's savings accounts.

Aussies encouraged to put more into savings accounts

Wed, 28 Oct 2009 13:00:00 GMT

Australians have been encouraged to put more into their savings accounts by one senior economist.

Two-thirds of people 'satisfied' with banking services

Tue, 27 Oct 2009 13:00:00 GMT

A new survey has revealed that 71.7 per cent of Australians are satisfied with their bank's services, including savings accounts and low interest home loans.

ANZ announces elimination of fees on some savings accounts

Tue, 27 Oct 2009 13:00:00 GMT

ANZ has announced that it is to eliminate fees on some of its savings accounts.

Savings accounts info confidentiality 'is at the core of banking'

Mon, 26 Oct 2009 13:00:00 GMT

The confidentiality of customer information - such as their savings accounts details - is central to good banking practices, it has been claimed.

ETS could impact on savings accounts

Wed, 21 Oct 2009 13:00:00 GMT

The emissions trading scheme (ETS) could impact on people's high interest savings, if one report is to be believed.

Parents-to-be should prepare by boosting savings accounts

Mon, 19 Oct 2009 13:00:00 GMT

The cost of being parents is such that they should prepare by giving their savings accounts a boost, it has been suggested.

Aussie superannuation savings accounts 'some of best in world'

Thu, 15 Oct 2009 13:00:00 GMT

Australian superannuation savings accounts and retirement income provision are among some of the best in the world, according to a new study.

New proposals 'could allow banks to view savings accounts records'

Thu, 15 Oct 2009 13:00:00 GMT

New proposals could allow banks to view people's savings accounts and other financial information when they open a new account, reports suggest.

NAB 'lays down the gauntlet' over savings accounts

Wed, 14 Oct 2009 13:00:00 GMT

National Australia Bank (NAB) has announced that it is to scrap monthly service fees on some of its savings accounts, which has been welcomed by one official, AAP reports indicate.

Increasing input in savings accounts can help avoid debt

Mon, 12 Oct 2009 13:00:00 GMT

Putting away a little extra every month into a savings account could potentially help people avoid debt.

Aussies turning to loved ones for financial support

Mon, 12 Oct 2009 13:00:00 GMT

Australian families are seeking help from family and friends to boost their savings accounts, according to reports.

Australia one of world's most financially-developed nations

Sun, 11 Oct 2009 13:00:00 GMT

Aussies looking to compare credit cards may be interested to learn that the country has emerged in the top two of an international finance ranking.

Scam sees $400k stolen from bank accounts

Sun, 11 Oct 2009 13:00:00 GMT

A scam undertaken in Perth has seen some $400,000 stolen from bank accounts.

Millions of Aussies checking savings accounts online

Wed, 07 Oct 2009 13:00:00 GMT

Millions of Australians have been checking their savings accounts via online banking services, new research suggests.

Kids do chores to increase cash in savings accounts

Mon, 05 Oct 2009 13:00:00 GMT

Aussie youngsters have to work for money to put in their savings accounts, according to new research.

Name and shame petrol plans could help savings accounts

Sun, 04 Oct 2009 13:00:00 GMT

Drivers in Sydney were advised to name and shame petrol companies if prices were too high over the weekend, which could have impacted on their savings accounts.

Savings accounts 'could be made tax-free'

Sun, 04 Oct 2009 13:00:00 GMT

Savings accounts may become free of tax following a recent consultation.

Growing own food 'good way to add money to savings accounts'

Mon, 28 Sep 2009 14:00:00 GMT

People looking to add more to their savings accounts each month could find they have more cash spare if they grow their own vegetables, it has been claimed.

Recession hits kids' bank accounts

Thu, 24 Sep 2009 14:00:00 GMT

Youngsters have not been unscathed by the economic downturn, with cuts to their pocket money affecting their savings accounts, it has been revealed.

Aussie households weathering financial storm

Thu, 24 Sep 2009 14:00:00 GMT

The situation for many Australian households is improving, it has been reported.

Boys' bank accounts could get $100,000 boost

Wed, 23 Sep 2009 14:00:00 GMT

Two boys thought they had hit the jackpot for their savings accounts when they discovered $100,000 while out fishing.

Businesses trying to boost bank accounts fooled in money scam

Tue, 22 Sep 2009 14:00:00 GMT

A trio of businesses in Victoria were fooled into trying to boost their savings accounts through a very literal money-making scam.

Aussies dipping into savings accounts for mobiles, not petrol

Mon, 21 Sep 2009 14:00:00 GMT

Australian savings accounts may be being dipped into to provide money for more homely items, if a new report is anything to go by.

Bank accounts threatened by online criminals

Mon, 21 Sep 2009 14:00:00 GMT

Australian savings accounts have been targeted in a recent hacker attack, it has been reported.

Superannuation savings account funds see sixth monthly increase

Sun, 20 Sep 2009 14:00:00 GMT

Superannuation savings accounts funds experienced a month-on-month increase for the sixth consecutive month, recent figures have revealed.

Pensioners' savings accounts to get a boost

Thu, 17 Sep 2009 14:00:00 GMT

Pensioners, including those with high interest savings, will be pleased to hear they are to receive a rise in the state pension.

Crisis prompted savings account withdrawals

Thu, 17 Sep 2009 14:00:00 GMT

The financial crisis prompted many people to withdraw cash from their savings accounts, it has been discovered.

Positive signs: More Australians using savings accounts

Wed, 16 Sep 2009 14:00:00 GMT

Australia's households are increasingly able to use their savings accounts to store away extra cash, according to new research.

Growth predictions could be good for savings accounts

Tue, 15 Sep 2009 14:00:00 GMT

New research has indicated that the Australian economy is set for growth next year, which could be good news for people's savings accounts.

Women get less money for their super savings accounts than men

Wed, 09 Sep 2009 14:00:00 GMT

Women receive less money for their superannuation savings accounts than men, according to new research.

Budgeting 'can help boost savings accounts'

Mon, 07 Sep 2009 14:00:00 GMT

Budgeting has been advocated by one expert, who advised people to start cutting back in order to boost their savings accounts.

Spring clean could boost savings accounts

Sun, 06 Sep 2009 14:00:00 GMT

Australians have thousands of dollars-worth of unused items in their homes, it has been suggested.

Boost long-term savings accounts with investments

Thu, 03 Sep 2009 14:00:00 GMT

Consumers with long-term savings accounts should consider investing any spare cash in order to give them a boost, it has been advised.

'Important' to teach children about savings accounts

Tue, 01 Sep 2009 14:00:00 GMT

The importance of teaching children about finances, including savings accounts, has been highlighted by industry experts.

Aussies putting more in savings accounts

Mon, 31 Aug 2009 14:00:00 GMT

Australian people are putting more and more money in their savings accounts, it has been found.

Savings accounts 'sexier than spending'

Thu, 27 Aug 2009 14:00:00 GMT

Australian consumers are taking care not to put too much strain on their savings accounts by cutting down on spending.

Consumers' savings accounts helped by new food coupons

Wed, 26 Aug 2009 14:00:00 GMT

People with savings accounts, among other consumers, may be pleased to hear that the Australian government plans to subsidise healthy eating.

Motorists may have to dip into savings accounts

Tue, 25 Aug 2009 14:00:00 GMT

Motorists may have to use money from their savings accounts now that petrol prices have increased.

Those hoping to compare savings accounts 'may not understand superannuation'

Mon, 24 Aug 2009 14:00:00 GMT

Australians have been advised to 'get to grips' with their superannuation savings accounts.

Couple boost savings account through home gardening

Sun, 23 Aug 2009 14:00:00 GMT

A couple have spoken of how getting back to basics and growing their own food has helped them bolster their savings account.

Lottery winner avoids putting winnings in savings account for six months

Sun, 23 Aug 2009 14:00:00 GMT

A lottery winner missed out on six months of interest by not putting his cash in a savings account.

Couples given finance advice

Sun, 23 Aug 2009 14:00:00 GMT

Australian couples have been given advice when it comes to sorting out their finances.

Workers get savings account boost

Thu, 20 Aug 2009 14:00:00 GMT

Some of the lowest paid workers in Queensland may see a boost to their savings accounts, thanks to a new development.

Discount store opens to delight of shoppers

Wed, 19 Aug 2009 14:00:00 GMT

Bargain hunters took their credit cards and showed up en masse when a new discount store was opened in Melbourne.

Australian tourism confidence 'still high'

Mon, 17 Aug 2009 14:00:00 GMT

Tourism in Australia has not suffered much compared to other countries across the globe, one industry expert has asserted.

'More payments needed' into superannuation savings accounts

Sun, 16 Aug 2009 14:00:00 GMT

Those looking to compare savings interest rates with a view to putting something away for their retirement may be interested in a recent article to appear on news.com.au.

Savings account customers 'need to work for millions'

Sun, 16 Aug 2009 14:00:00 GMT

Australians looking to make their fortune have been told that hard work is often the key.

Savings account customers told how to make millions

Tue, 11 Aug 2009 14:00:00 GMT

A recent article in Courier Mail has explored how those looking to compare savings accounts can make their first million.

ING 'puts pressure on competitors' with new savings account

Sun, 09 Aug 2009 14:00:00 GMT

Australians looking to compare savings accounts could see banks put under more pressure to take action on fees due to the introduction of a new product, it has been claimed.

NAB launches new savings account

Thu, 06 Aug 2009 14:00:00 GMT

National Australia Bank (NAB) has launched another option for those looking to compare bank accounts.

CBA to reduce charges on bank accounts

Tue, 04 Aug 2009 14:00:00 GMT

Those wishing to compare bank accounts may be interested in a recent statement from the Commonwealth Bank of Australia (CBA).

Lotto winner living off savings account interest

Mon, 03 Aug 2009 14:00:00 GMT

A lucky Kiwi has revealed his plans for a dream career - a job in a fast food restaurant.

Research finds Australians 'dealing with financial blow'

Sun, 02 Aug 2009 14:00:00 GMT

Australians who keep an eye on savings interest rates may be intrigued by the latest findings from ING Direct.

Savings accounts back in vogue

Thu, 30 Jul 2009 14:00:00 GMT

Australians will be able to take advantage of rising interest rates offered on savings accounts in the coming months as the Reserve Bank brings the cash rate higher, one financial expert has enthused.

Tax-free savings 'should be extended'

Wed, 29 Jul 2009 14:00:00 GMT

There should be more tax breaks attached to saving accounts, it has been claimed.

Banks 'look to follow NAB fee moves'

Tue, 28 Jul 2009 14:00:00 GMT

After National Australia Bank (NAB) revealed it is to scrap overdrawn fees on its transaction and saving accounts, a number of its competitors look set to follow suit, it has been revealed.

Savings accounts helpful in redundancy

Tue, 21 Jul 2009 14:00:00 GMT

With a raft of new reports showing that unemployment is the biggest concern for Aussies in the current economic climate, experts have recommended signing up for a savings account to help out should the worst happen.

Savings accounts hold little appeal to risk-hungry Aussies

Thu, 16 Jul 2009 14:00:00 GMT

Although many people have flocked from stocks and shares in the wake of the financial crisis, a new study has shown that many Australians have still got a keen attitude to risk.

Aussies' savings would not last a month

Tue, 14 Jul 2009 14:00:00 GMT

More than a third of Aussies would be unable to survive on money stored in their savings account for more than a month if they lost their jobs, Dun and Bradsheet has warned.

Deposit wage slice straight into savings account

Mon, 13 Jul 2009 14:00:00 GMT

Consumers looking to shore up their personal finances have been advised that putting a slice of each monthly paypacket into a savings account could help to get things back on track.

Greater snaps up Seinfeld for ad campaign

Thu, 09 Jul 2009 14:00:00 GMT

Newcastle-based Greater Building Society has signed comedy legend Jerry Seinfeld as the new face of its new advertising campaign.

Banks offer lack-of-interest rates

Wed, 08 Jul 2009 14:00:00 GMT

Although consumers are constantly told that the Big Four are offering more low-interest home loans and high-interest savings accounts, it is time we began evaluating them on their 'lack-of-interest' rates.

Concerns grow about NetBank bugs

Thu, 02 Jul 2009 14:00:00 GMT

Serious questions are being asked of Commonwealth Bank's IT infrastructure after the bank conceded that it cannot say how long its NetBank customers will experience difficulty accessing their accounts.

Older generations missing out on internet savings accounts

Wed, 01 Jul 2009 14:00:00 GMT

Many older Australians are missing out on high-interest savings accounts because they prefer not to bank online.

Aussies should 'compare savings accounts online'

Tue, 30 Jun 2009 14:00:00 GMT

Older Aussies could be missing out on the best savings interest rates by staying loyal to their bank and ignoring the internet, a report has suggested.

Banking on bad attitudes with the Big Four

Sun, 28 Jun 2009 14:00:00 GMT

Aussies can always trust the Big Four to offer poor customer service, according to The Daily contributor Ashley Robinson.

Big Four 'safest banks in the world'

Thu, 25 Jun 2009 14:00:00 GMT

Commonwealth Bank, National Australia Bank, ANZ and Westpac are among only eight financial institutions in the world to achieve AA financial stability ratings.

Teaching kids how to manage cash

Mon, 22 Jun 2009 14:00:00 GMT

A child can be taught to understand money as soon as they learn to talk, one financial adviser has claimed.

NAB telephone banking goes biometric

Mon, 22 Jun 2009 14:00:00 GMT

National Australia Bank (NAB) has proudly announced that it is the first financial institution to offer biometric security for telephone banking customers.

Citibank to help Virgin return to home loans

Tue, 16 Jun 2009 14:00:00 GMT

Virgin Group is set to re-establish its place in the non-bank home loan market with financial backing from Citibank.

Westpac comes out on top in Money awards

Thu, 04 Jun 2009 14:00:00 GMT

Westpac has come away from this year's Money magazine awards clutching the coveted Bank of the Year gong.

Financial Planning Week: were you enlightened?

Mon, 01 Jun 2009 14:00:00 GMT

Were you inspired to give your mortgage a makeover or to do damage to your credit card debt during Financial Planning Week?

Aussies unprepared for a crisis

Sun, 31 May 2009 14:00:00 GMT

Australians lack the financial safety net to provide support during difficult circumstances, new research from Aviva reveals.

Aussies saving more despite interest rate cuts

Wed, 27 May 2009 14:00:00 GMT

Australians are putting more money into savings accounts than they were six months ago, Mozo can reveal.

Online savings accounts great for debt management

Thu, 21 May 2009 14:00:00 GMT

Signing up for an online savings account or cash management account is a great way to get debts under control, Credit Union Australia's chief exec Rob Nicholls has claimed.

Young people 'need to get saving'

Wed, 20 May 2009 14:00:00 GMT

While retirement may be the last thing on young people's minds, putting cash away into savings accounts and pensions early will save a whole deal of strife in later years, the Australian reports.

Aussies 'need to get savings buffer in place'

Tue, 19 May 2009 14:00:00 GMT

A lack of savings could be placing a significant number of Aussies at risk of severe financial hardship.

Homebuyer savings accounts attract little interest

Mon, 18 May 2009 14:00:00 GMT

Despite the government's eagerness for people to sign up to its homebuyer savings account scheme, fewer than 4,000 Aussies have got involved, a new poll from the Daily Telegraph reveals.

CBA rolls out new NetBank homepage

Mon, 18 May 2009 14:00:00 GMT

The Commonwealth Bank of Australia has this week launched a new-look website to give its customers more choice when managing their bank accounts online.

Spending 'more fun' than saving

Sun, 17 May 2009 14:00:00 GMT

Spending 'more fun' than saving

'Even split' for saving and spending stimulus cash

Wed, 06 May 2009 14:00:00 GMT

People are planning on putting the cash received as a part of the government's financial stimulus package to a variety of purposes.

Compare savings account 'to make cash work harder'

Tue, 28 Apr 2009 14:00:00 GMT

With savings interest rates plummeting following months of interest rate cuts from the Reserve Bank of Australia (RBA), it is important that consumers compare savings accounts to get the most out of their money, The Daily's Paul Clitheroe recommends.

Big Four savings accounts 'a big letdown'

Mon, 27 Apr 2009 14:00:00 GMT

Although home loan customers may have been jumping for joy as the Reserve Bank cut away at the base interest rate, those ploughing money into bank savings accounts with the Big Four may have had a lot to complain about, the Advertiser reports.

Cash handout ends up in bank accounts

Sun, 26 Apr 2009 14:00:00 GMT

The majority of people who are set to receive Kevin Rudd's cash handout will put it straight in their bank account, a new poll shows.

Banks set to wage home loan price war

Sun, 26 Apr 2009 14:00:00 GMT

Consumers will soon find themselves in the middle of a home loan price war, National Australia Bank has claimed.

'More important than ever' to compare savings accounts

Tue, 21 Apr 2009 14:00:00 GMT

With the Reserve Bank of Australia (RBA) enacting yet another interest rate cut this month, it is more important than ever for consumers to compare interest rates, the Sydney Morning Herald's John Kavanagh reports.

RBA interest rate cut 'curious'

Mon, 06 Apr 2009 14:00:00 GMT

The Reserve Bank of Australia's (RBA) interest rate cut of 25 basis points is rather a curious decision that suggests it is trying to compromise between staying put and keeping homeowners happy.

Home loan ratios wither during downturn

Sun, 05 Apr 2009 14:00:00 GMT

Australians who are eager to buy their own home may have to continue stashing cash in savings accounts for a few more years as banks shy away from big home loans.

Cheaper insurance with NAB bank accounts

Thu, 02 Apr 2009 13:00:00 GMT

Consumers with NAB bank accounts are being offered discounted insurance through a new partnership.

Stimulus cash 'will come one way or another'

Wed, 01 Apr 2009 13:00:00 GMT

Aussies are still likely to find they will receive a cash handout from the government as part of its financial stimulus package.

'Use the one-third rule' for cash handout

Mon, 16 Mar 2009 13:00:00 GMT

With the cash bonuses hitting bank accounts and being popped in the mail, the Australian's money expert Tim Blue reckons that consumers should adopt the one-third rule when considering what to do with it.

Share dealing 'can easily be linked to bank accounts'

Sun, 15 Mar 2009 13:00:00 GMT

Although investing in shares while the stock market is taking such a beating is a brave strategy, a growing number of experts think that's exactly what Aussies should be doing.

Households ploughing cash into savings account

Wed, 04 Mar 2009 13:00:00 GMT

Australians have been reaping the rewards of consecutive interest rate cuts, free cash handouts and swathing tax cuts and have been ploughing the money saved straight into savings accounts, term deposits and other investments.

AMP in major savings account drive

Tue, 03 Mar 2009 13:00:00 GMT

With data showing that the country is heading into a recession, AMP has launched a major rebranding strategy in the hope of signing more people up to its bank term deposits and savings accounts.

Compare home loans and accounts to save cash

Mon, 23 Feb 2009 13:00:00 GMT

As the nation continues to search for ways to tighten their belts, the Advertiser points out that consolidating all credit cards, savings accounts and loans with one bank can bring big bonuses.

RBA in interest rate limbo

Wed, 18 Feb 2009 13:00:00 GMT

The Reserve Bank of Australia (RBA) could end up breaking the back of the country's economy as it limbos towards zero per cent interest rates.

Keeping an eye on high-interest savings

Tue, 17 Feb 2009 13:00:00 GMT

Following the warning that Aussies need to keep a keen eye on introductory offers on high-interest savings accounts, RaboBank has called for new regulatory standards to be imposed.

SmartyPig comes to Australia

Mon, 16 Feb 2009 13:00:00 GMT

After a successful launch in the US last year, the world's first web 2.0 savings account has touched down in Australia.

ASIC warns over high-interest savings accounts

Wed, 11 Feb 2009 13:00:00 GMT

While depositors across Australia are searching high and low for high interest savings accounts as the base rate continues to plummet, the investment regulator is urging customers to read the small print when looking for online deals.

Term deposits soar at Commonwealth

Tue, 10 Feb 2009 13:00:00 GMT

The number of Australians ploughing their cash into term deposits and savings accounts from Commonwealth is soaring, the Sydney Morning Herald reports.

Australia ploughs cash into savings accounts

Mon, 09 Feb 2009 13:00:00 GMT

As the global economic misery continues, many Australians have started ploughing their cash into savings accounts in a bid to prepare for a grim future.

Web virus preys on ANZ bank accounts

Thu, 05 Feb 2009 13:00:00 GMT

A new sophisticated computer virus is working its way around Australian computers, trying to target ANZ customers and dupe them into handing over bank account information.

Rate cuts to 3.25 per cent

Mon, 02 Feb 2009 13:00:00 GMT

The Reserve Bank of Australia (RBA) has not failed to disappoint eager first-home buyers and other mortgage holders at its latest interest rate meeting today (January 3rd).

Lump sums reduce school fee misery

Tue, 27 Jan 2009 13:00:00 GMT

Saving up cash and paying off school fees in one lump sum can leave finances on altogether firmer footing in the long run, one money expert reckons.

Macquarie: Reserve will continue rate cutting spree

Sun, 25 Jan 2009 13:00:00 GMT

The Reserve Bank will continue to hack away at interest rates as the new year gets underway, Macquarie's chief rates strategist has claimed.

Six-month deposits 'the safest option'

Wed, 21 Jan 2009 13:00:00 GMT

In the financial firestorm of recent months and the rate chopping bonanza that followed, savers are faced with some tough options when deciding where to park their cash.

Juggling money in middle age

Mon, 19 Jan 2009 13:00:00 GMT

For most Australians, the burden on their finances will be at its biggest when they are in their 30s and 40s, The Advertiser has commented.

'Saving the key' for Generation Y

Mon, 12 Jan 2009 13:00:00 GMT

While Generation Y looked fairly adept at dodging the downturn during 2008 due to their lack of savings or supers, the Advertise has conceded that this year may prove a lot more challenging.

Smaller banks flourish after guarantee

Mon, 12 Jan 2009 13:00:00 GMT

The government's decision to guarantee all cash held in Australian bank accounts has allowed smaller institutions to flourish, NineMSN has reported.

Bendigo snaps up Macloans

Wed, 07 Jan 2009 13:00:00 GMT

Bendigo has positioned itself as a major player in the margin loans market after buying up Macquarie's marginal operations for $52 million.

Get clued up to save big bucks

Mon, 22 Dec 2008 13:00:00 GMT

The trick to making savings grow is to make sure that you've done your research before diving into a lengthy contract or making a big purchase, the Advertiser has advised.

Mums and dads warned: Keep calm!

Mon, 15 Dec 2008 13:00:00 GMT

While millions of parent investors may be chewing their nails to the quick as the economy nosedives, a host of experts have urged them to keep calm while the storm rages.

Small banks all SMILES

Sun, 14 Dec 2008 13:00:00 GMT

Small banks have outshined their bigger competitors in the Smart Investor League of Exceptional Service (SMILES) tables for this year.

Rich families bag the nation's wealth

Tue, 09 Dec 2008 13:00:00 GMT

The richest 20 per cent of Australian families own 60 times more cash and assets than the poorest 20 per cent, a new study has claimed.

Aussies 'to keep hold of handouts'

Mon, 08 Dec 2008 13:00:00 GMT

Kevin Rudd's Christmas cash handout is unlikely to find its way into cash registers, a new survey has found.

Bank accounts 'get kids saving'

Wed, 03 Dec 2008 13:00:00 GMT

Getting a bank account for children can be a good way to get them into the habit of saving, one money expert has claimed.

Gen X needs to get saving

Sun, 30 Nov 2008 13:00:00 GMT

The children of baby-boomers will need to start ploughing cash into savings accounts and supers if they are going to afford themselves a decent retirement, a new study has warned.

Money lost in Commonwealth muddle

Mon, 24 Nov 2008 13:00:00 GMT

As many as 200,000 customers have been affected by a glitch in Commonwealth computer systems which left many people's bank accounts overdrawn.

Banks ease up on payment penalties

Mon, 24 Nov 2008 13:00:00 GMT

While the internet has enabled people to transfer their money between bank accounts easily and quickly, banks are only just coming round to supporting customers who get things wrong on the web.

Look out for shonky warranties says Choice

Mon, 24 Nov 2008 13:00:00 GMT

Consumers should be on their guard against investment warranties which offer little protection, Choice has warned.

Aussies wise up to repayment

Thu, 20 Nov 2008 13:00:00 GMT

Following the recent hacks at the base rate made by the Reserve Bank, many Australians are taking the opportunity to pay off debts on credit cards and personal loans, it has been claimed.

Will choice suffer as banks band together?

Thu, 20 Nov 2008 13:00:00 GMT

A number of major mergers of Australian banks could spell bad news for consumer choice, it has been warned.

Parents hiding cash in kids accounts

Tue, 18 Nov 2008 13:00:00 GMT

With many people looking for ways to save a bit of cash during this difficult period, the Tax Office has urged people to resist the temptation to stash money away in children's bank accounts.

Scheme takes the hassle out of switching

Thu, 13 Nov 2008 13:00:00 GMT

Consumers who are unhappy with their bank account provider can now vote with their feet a little more easily.

Confidence hit from all angles

Thu, 13 Nov 2008 13:00:00 GMT

Australian spending confidence has been hit from three different directions, one expert has claimed.

Banks battle to keep hands on deposits

Tue, 11 Nov 2008 13:00:00 GMT

Banks may bring out a range of "guaranteed" savings accounts in an effort to keep hold of consumer savings.

Be wise this Christmas, experts urge

Thu, 06 Nov 2008 13:00:00 GMT

With many pensioners and low-income households set to receive a one-off bonus from the government, consumers have been advised to be prudent with the windfall.

Mid-20s 'the best time to save'

Wed, 29 Oct 2008 13:00:00 GMT

While younger Australians will never have witnessed the kind of downturn that now looks imminent, generation Y can protect itself from financial ruin by saving as little as $20 a week.

Web savings accounts 'coming into their own'

Tue, 28 Oct 2008 13:00:00 GMT

New online savings accounts are beginning to offer competitive saving rates and attractive withdrawal options, which could prove attractive for consumers looking for easy cash access.

Rudd: Super rich can look after themselves

Thu, 23 Oct 2008 13:00:00 GMT

While premier Kevin Rudd's plan to protect money locked up in savings accounts will likely come as a relief to struggling Aussies, he has stressed that the country's millionaires can look after their own tails.

BankWest backs savings account safety

Sun, 19 Oct 2008 13:00:00 GMT

BankWest has offered its full support for guarantees to keep money locked up in savings accounts and term deposits safe.

Extra cash 'will give boost' for first-home buyers

Thu, 16 Oct 2008 13:00:00 GMT

As part of a raft of measures to help first-home buyers struggling to get on to the property ladder, the government has doubled the amount of cash available under its first-home buyer grants scheme.

Savings safe as stock markets stumble

Thu, 16 Oct 2008 13:00:00 GMT

Australians can take solace in the fact that all deposits made into savings accounts will be protected, no matter how bad the financial climate gets, Kevin Rudd has claimed.

Aussies 'may be in for a big headache'

Thu, 16 Oct 2008 13:00:00 GMT

Aussies who have borrowed too much on cheap credit cards and low-rate personal loans may be in for a financial headache in the months to come, one expert has warned.

ANZ puts money in one place

Wed, 15 Oct 2008 13:00:00 GMT

ANZ has announced the launch of MoneyManager, an online service which will allow Aussies to keep track of all their finances in one place - from savings accounts to credit card payments.

Rudd mulls over early Christmas present

Tue, 14 Oct 2008 13:00:00 GMT

With many Aussies worried about the security of their savings accounts and the amount outstanding on credit cards and personal loans, Kevin Rudd has put forward a plan to dole out billions in cash ahead of the Christmas period in order to lighten the mood.

Banks scramble to attract first home buyers

Thu, 09 Oct 2008 13:00:00 GMT

Banks are fighting among themselves to offer the best savings interest rates on new first home savers accounts (FHSAs).

Piggybanks go virtual with SmartyPig from ANZ

Thu, 09 Oct 2008 13:00:00 GMT

ANZ has ushered in a new era of smart saving with the launch of its web-based SmartyPig savings account.

First home buyers savings accounts 'a major score'

Tue, 07 Oct 2008 13:00:00 GMT

The new first home savers account (FHSA) is a great opportunity for the first home buyer from generation Y, it has been claimed.

First Home Saver Accounts - what it means for homebuyers

Tue, 23 Sep 2008 14:00:00 GMT

Potential first-home buyers will be able to claim as much as $1,700 a year in government funding with the new First Home Saver Account.

Aussies dodging debt and saving more

Mon, 22 Sep 2008 14:00:00 GMT

One in three Australians are saving up to repay debts on items such as credit cards and home loans, a new poll has revealed.

Many managing money more effectively

Tue, 02 Sep 2008 14:00:00 GMT

Despite warnings that Aussies' finances are heading down the pan, many are actually managing their money much more effectively than they have in the past.

Australia told to 'batten down the hatches'

Sun, 31 Aug 2008 14:00:00 GMT

With a recession looking increasingly likely, the Herald Sun has advised Australians to "batten down the hatches" and prepare for the worst.