Savings account news and advice

All the latest savings account news and top tips to help you manage your savings account.

More big 4 cuts as Westpac slashes savings account rates

More big 4 cuts as Westpac slashes savings account rates

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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Savings rates slashed again: Avoid the crunch

Savings rates slashed again: Avoid the crunch

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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ANZ Online Saver interest rate drops to lowest yet

ANZ Online Saver interest rate drops to lowest yet

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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