Calling all keen savers! If you love keeping a padlock on your pennies, and watching your savings stash grow, then you’ll be pleased to hear that ME bank just made saving even more effortless.
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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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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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Aussie savers can’t catch a break as banks across the country continue to slash rates on savings accounts.
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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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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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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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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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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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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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