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Savers will find themselves jumping for joy as ING has announced a 0.25% increase to their Savings Maximiser account for new and existing customers up to a whopping 5.25% p.a (effective from 9 May 2023).
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There are loads of reasons for wanting to have a healthy stash in your savings account. Whether it's for a rainy day fund or a house deposit, it’s important to grow your savings. One way this can be achieved is by trying to maximise and get the most out of your interest rate.
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Police Bank has announced that its U30 Super Charge savings account will have a 5.00% p.a. interest rate.
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Apple recently continued its dive into the financial world in the US with a new savings account with investment bank Goldman Sachs. The announcement shook up the American financial sphere as the new product offers an appealing 4.15% annual interest rate - more competitive than some of the leading banks in America.
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After nearly a year of RBA cash rate hikes, some financial institutions have finally increased their savings variable interest rates to a ‘5’.
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Are you under 35? You’re in luck, as it turns out that some banks offer special rates that apply to certain age brackets. When it comes to savings accounts, utilising whatever you can to get the best deal possible can be helpful in your wealth building journey.
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Update: As of Friday 15th March, the following savings rate moves were announced:
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With tightened economic conditions squeezing budgets, more Aussies are beginning to wonder how they can cut their expenses and start saving more.
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Some banks are continuing to increase interest rates in the wake of inflationary pressures and RBA cash rate hikes, and Bank of Queensland is the latest to do so.
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Economic pressures have left many feeling the squeeze on their budgets. As a result, most of us are probably not saving as much as we should be.
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