After noting a significant number of scam reports related to COVID-19, the Australian Competition and Consumer Commission (ACCC) has now issued a warning specifically related to fraudulent claims around early superannuation access.
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Since 1874, Bank of Queensland (BOQ) has been getting to know their customers’ needs across numerous easy-to-navigate banking products. So it’s no surprise the regional bank now sits among the best in the country.
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In the last few days, the nation has been introduced to harsher restrictions to stop the spread of COVID-19 - one of which is to stop Aussies from visiting other households unless it’s to provide care.
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In what might be the best news for the nation's savers this year, banks and other financial institutions are actually increasing rates on select savings and term deposit accounts. The emerging trend is a rare ray of light for savers, and a strong sign that competition for deposit customers is heating up.
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To say March has been a busy month in the world of interest rates, particularly savings account rates, would be an understatement.
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With a global health crisis ongoing and the future of a lot of jobs on the line, it’s understandable if you’re feeling anxious about your rainy day fund. Savings rates are changing all the time, so if you haven’t looked around for a while you may find your current account isn’t giving you the interest you deserve.
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As the nation continues to keep up with the latest COVID-19 updates, rules and regulations, one area under the spotlight is how Aussies will cope financially during the pandemic.
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If you’re stuck working from home or twiddling your thumbs in self-isolation during these tough times, you might be tempted to do some comfort spending online! However, with bush fires, floods and a global pandemic, 2020 is shaping up to be more than a little unpredictable. Now more than ever is the time to get thrifty and entertain yourself and your loved ones without dropping any cash.
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New research from Mozo has revealed that 80% of Australians are worried about the economic impacts of the Coronavirus and that 1 in 5 have no savings and cannot afford to stop working.
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With interest rates in Australia stuck at an all time low, getting the best value savings, bank accounts and term deposits is critical, whether you’re wanting to maximise your interest rate, enjoy fee-free everyday banking or reach your savings goal faster.
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