
4 questions to ask before dipping into your emergency fund
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.
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.
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.
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.
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.
Just as it celebrates 20 years in Australia, a new report released by ING today, shows that the online bank has more than a two decade milestone to shout about. The report revealed that the bank took on a record 423,000 new customers in 2019 alone, making up a total of 2.6 million across the whole of Australia!
The first RBA rate cut of the year is behind us, and already we’ve seen plenty of activity on the home loan front. But while reductions to official interest rates come as good news for mortgage holders, they’re less likely to be appreciated by the nation’s savers.
UBank customers who logged onto their banking app today might be dismayed to learn the online bank will be cutting rates across its range of deposits.
Did you know that when you retire, the everyday transaction and savings accounts you have may no longer suit your financial needs? Now it’s understandable if all you want to do when you leave the rat race is put your feet up, sip a well-earned margarita and not worry about where your money is stashed. But finding a savings account specifically designed for Aussies receiving a pension, could really make a difference.
Moving out of home is an exciting time, but that newfound freedom comes with a pretty big price tag. Whether you’re moving in with others or renting a place by yourself, there’s a good chance you've underestimated all the costs that are waiting for you just around the corner.
From picking up a side hustle to giving up your daily coffee, there’s not a lot many Aussies won’t do to increase their savings.