You work hard for your money and it should work just as hard for you! That’s why, each year Mozo’s team of money experts assess and evaluate every savings account, term deposit and everyday bank account in our database to determine the best value options for Australians.
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The RBA’s recent monetary policy decisions have shifted the playing field for Australian savers.
Rising cost of living pressures have begun to ease as inflation slows, but household budgets remain tight in 2025. With the RBA's last 25 basis point cut bringing the cash rate down to 3.60% – and another expected in November – being aware of good savings rates is important.
Australian savers are facing a hidden challenge as the interest earned on their savings accounts struggles to keep pace with the rising cost of living. Mozo figures reveals that while the average savings rate sits at 3.09% p.a.*, the real return for many is minimal, and in some cases, negative.
Imagine waking up to find an extra $10,000 in your bank account. A new survey from ING asked Australians exactly what they’d do with a sudden windfall – and the answers reveal a lot about our priorities across different age groups.
The Reserve Bank of Australia (RBA) has already cut rates three times this year, and with the possibility of more reductions later in 2025 and into 2026, savings rates are trending lower. That makes it more important than ever to pick the right type of account – one that won’t just look good today, but will still deliver decent returns months down the track.
The Reserve Bank of Australia (RBA) has moved to support borrowers, cutting the official cash rate by 25 basis points to a new low of 3.60%. But what's good news for home loan holders could be bad news for savers, with banks already beginning to reduce their savings rates.
If you’re weighing up ING’s savings accounts, these two options compete by offering different ways to earn interest – one through monthly activity, the other through higher balances.
As Australia approaches 2026, the outlook for savings rates is marked by an expectation of further rate cuts by the Reserve Bank of Australia (RBA). After a period of aggressive hikes from 2022 to mid-2025 to combat inflation, and a series of cuts beginning in early 2025, the RBA's focus is shifting toward supporting economic growth. This is a contrast to the high-yield environment savers enjoyed in 2024 and early 2025.
It’s hard to believe, but we’re already over halfway through 2025, and Christmas will be here before we know it.