For our Mozo Experts Choice Deposit Awards each year, our team of data experts analyse hundreds of products on the market - 510 accounts from 80 providers to be precise - to determine which ones offer the best value and most useful features.
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Less than a month after ANZ slashed rates for its Online Saver account, Westpac has become the latest big four bank to cut interest rates on its savings accounts. Of course the good news is, there are still more competitive rates around, if you know where to look.
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If you’re one of the thousands of Australians who’ve set yourself a serious savings goal for 2020, the news that banks are slashing savings rates yet again won’t be very welcome but it should be a very big wake-up call to check the rate you’re now getting.
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Putting your kids through school is no easy expense - and every back-to-school period, Aussie parents face the same old struggle of staying on top of the costs of a new term. New Mozo research has found that households across the nation could be spending some billions of dollars every year on things like lunchbox snacks and after school activities.
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Research from Mozo has found that Aussie parents could be spending a shocking $3 billion each year on prepackaged lunchbox snacks.
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Just months after shaving 25 basis points off the introductory bonus offer rate, ANZ has again made cuts to its ANZ Online Saver account. This time round slicing 5 basis points off the base interest rate to lower the maximum interest to be earned with this savings account from 1.60% to 1.55%.
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In a surprise move announced yesterday and implemented today, NAB has reduced interest rates on two popular savings accounts by up to 0.15%
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If it’s seeming more and more difficult to save money nowadays, you can take some solace in knowing you’re not the only one. A recent study by ME found that inadequate incomes are the main thing keeping Australians from reaching their financial goals in 2020.
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It’s a new year, a new decade in fact, so what better time than now to shoot for the stars by setting a serious savings goal for 2020?
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Still need to set your new year’s financial resolutions? Well, take inspiration from online bank UBank’s interesting new data which reveals the most popular savings goals among Aussies in 2020 and how much they’re saving towards them.
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