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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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After the RBA’s cash rate hike this week to 3.35%, pressure is mounting on banks to up their savings accounts interest rates too.
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New research from ING has uncovered that more than half (55%) of Australians surveyed said that they were planning on doing a spring clean of their finances in 2023.
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Can’t seem to save money? You’re not alone. Modern life comes with many sneaky little expenses, lots of which have inflated in the last year with the rising cost of living.
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