Savings rates set to plummet further as October RBA cut looms
The Reserve Bank’s monthly meeting takes place tomorrow, and homebuyers and mortgage holders are waiting with bated breath for another reduction to official interest rates.
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UBank says Aussies are willing to do whatever it takes to build their savings stash
When you’re a kid, there’s nothing more rewarding than being ‘cool’, and it looks like that desire to be on trend has carried on into adulthood.
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Bad news for ANZ savers as interest rates are cut
Aussie savers can’t catch a break as banks across the country continue to slash rates on savings accounts.
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ING cuts rates for its popular Savings Maximiser account to 2.20%
In a move that's sure to disappoint dedicated savers, ING informed customers it will be cutting the bonus rate for its Savings Maximiser account by 0.10%, bringing it down from 1.80% p.a. to 1.70% p.a.
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Savers ditch big banks as rates plunge
The nation's savers are withdrawing their money from the Big 4 Banks in search of higher yielding alternatives, as the RBA's rate cuts start to bite and the big bank's savings rates drop to miserly levels.
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Anxious about your savings rate? Here’s where to snag a sweeter deal
Since the first cut in June, 79 providers in the Mozo database have dropped savings account rates, and many of the major banks’ ongoing rates are creeping closer and closer to 0%.
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5 ways taking part in the circular economy could help you save money
Let’s face it, being eco-friendly sometimes feels like the more expensive option. Buying organic food, investing in renewables and choosing to buy ethical can set you back more than a few dollars. But being green doesn’t have to cost you the earth. In fact, there are lots of ways you can help make a difference to the planet and your savings account.
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How to Marie Kondo your bank accounts & spark joy into your savings
Whether you’re just getting started with setting up your banking or you’re doing a financial clean sweep and revamping your current accounts, it’s a good idea to establish better organisational habits right from the get-go.
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Breaking with savings apathy: How to pick the right savings account
The last few months haven’t been too friendly to savings accounts. Since the back-to-back RBA rate cuts of June and July, we’ve seen a flurry of activity on the deposits front, with the average ongoing special rate for savings accounts dropping from 2.25% p.a. all the way down to 1.82% p.a.
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Social media to blame for 61% of Aussies inability to save: MyState Bank
A recent MyState Bank report found that 6 in 10 Australians say their mood negatively impacts their savings habits, with boredom, 'bad days', peer pressure and buy now, pay later services being the top savings hindrances.
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