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.
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.
For many Aussie savers, finding a top notch place to stash their savings seems to be getting harder by the day.
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.
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.
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.