Aussie savers can’t catch a break as banks across the country continue to slash rates on savings accounts.
And yesterday was no exception.
ANZ officially dropped interest rates on both the ANZ Progress Saver and ANZ Online Saver by 0.10%.
The ANZ Progress Saver base rate will remain at 0.01% but the bonus rate will drop from 1.94% to 1.84%, leaving the new maximum rate at 1.85% for customers who are able to meet the bonus rate criteria.
And for current customers using the ANZ Online Saver the base rate has been cut to 0.10% from 0.15%, while for new customers the introductory bonus rate has been chopped to 1.75%, meaning the new maximum rate is 1.85%.
So if you’ve suffered from a savings cut and feel there is no hope for your hard earned cash, don’t give up just yet.
Whether you make regular deposits or just want to take advantage of a killer introductory rate, there are still plenty of places to store your stash, so check out what some of these providers have to offer…