Young Aussies offered highest savings interest rates

Last updated Thursday, 14 April 2022

Most Australians aren’t getting much joy from their savings accounts right now. In our snapshot of December’s savings interest rate landscape, we saw the average ongoing savings rate in Mozo’s database plunge to less than half a percent.But there is some hope and it’s held in the hot little hands of young savers. Specialised savings accounts for kids and young adults are well and truly leading the way, with interest rates as high as 3.00%. If they’ve been taught well, anyone who sits in the relevant age bracket should get saving while the variable savings rates are good. Make sure you check the fine print of the market-leading accounts below for any conditions you’ll need to meet to earn bonus interest.

Buying groceries online helps Aussies save money, says ING

Wednesday, 9 March 2022

New research from online bank ING has found that Aussies can save money by buying their groceries online.

International womens day women show their know how about financial goals

International Women's Day: Building savings buffer tops financial priority list for women

Last updated Tuesday, 8 March 2022

Today is International Women’s Day and the theme for this year is #BreakTheBias. The aim is to raise awareness to the current inequalities faced by women worldwide, and to strive towards achieving a gender equal world - a world free of bias, stereotypes and discrimination.

Australians struggling to pay bills and have an emergency fund, says NAB

Friday, 4 March 2022

The cost-of-living continues to rise and a new NAB research says that many people find saving challenging due to debt repayments, bills and everyday spending.

How to make your work commute cheaper and save a little money

Wednesday, 2 March 2022

Well it's finally happened! The international borders are open, masks and working from home mandates have lifted, sports and outdoor activities are back on–but what does that mean for your finances?

How the pandemic inspired Aussies to save money and remain frugal

Last updated Wednesday, 23 February 2022

It’s not a secret that people’s incomes were impacted over the last two years with the months we spent in lockdown, but recent findings show that the pandemic has helped increase Australians’ desire to save.

4 of the best ways to save: What type of saver are you?

Friday, 11 February 2022

We’ve all been told that we should save money, whether it's for a new car, a holiday to Japan or simply to have in case of emergencies. And 60% of Australians have some kind of savings in their budget, says a recent survey from NAB.

Free and cheap date ideas for Valentine’s Day

Monday, 31 January 2022

Love it or loathe it, Valentine’s Day is right around the corner. It’s that time when stores suddenly become excruciatingly pink and are more inclined to display their chocolate selection. And for those who prefer to be sweet and not salty on Valentine’s Day, it can often feel like our savings are left feeling heartbroken.

How to set up a sinking fund and save towards a goal

Thursday, 27 January 2022

If you want to save money towards something specific then maybe you should give sinking funds a try.

Returning to the office: We weigh up the costs and benefits

Thursday, 27 January 2022

If you’re anything like me, you’ve felt pretty chuffed to be in a position to work from home on and off during the last two years of pandemic-induced uncertainty. From a health perspective, being able to reduce potential exposure to Covid has been very reassuring.

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