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Top savings and term deposit rates: May 2025
With the RBA following through with a May rate cut, it's a tricky time for savers, so getting the best return on your money is paramount.
Read MoreWith the RBA following through with a May rate cut, it's a tricky time for savers, so getting the best return on your money is paramount.
Read MoreYou 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.
Read MoreRising 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 4.10%, being aware of good savings rates becomes more important.
Read MoreMozo recently released the findings of our annual savings report and shockingly, despite the high cost of living, many Aussies continue to throw money down the drain.
Read MoreNew research from Mozo reveals that Australians are leaving significant money on the table through simple savings missteps. The 2025 Savings Report analysed 264 savings products from 84 providers and surveyed over 1,000 Australians, uncovering five critical errors that could be costing you hundreds in potential interest.
Read MoreEconomic uncertainty partly caused by recent tariffs has seen big drops in the stock market this week. As you would expect, people are understandably anxious about their cash.
Read MoreConsumer confidence dropped 2 points to 87.7 over the past week after a significant increase the week before, says Roy Morgan.
Read MoreOne of the easiest ways you can maximise your money is by signing up to a high interest savings account, yet the latest survey data from Mozo reveals that Aussies have their head in the sand with a whopping 69% saying they have never switched savings accounts.
Read MoreI’ll admit it, I’m a big spender. I regularly splash out on the latest kicks (especially during sale season), eating out, weekends away and buying my kids toys they definitely don’t need. But all this spending has got me thinking, surely I’m not the only person in Australia with a spending problem?
Read MoreWith inflation at an all time high and the cost of living having a choke-hold on many Australian families, it’s time to think smarter when it comes to making your money work harder for you. So what better time to boost your savings interest rate with a few smart moves that could triple your returns?
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