New research from AMP paints a pretty dire picture of Aussies’ personal finances. According to the study, 1 in 5 Australians have less than $250 in savings. And even more distressing, two thirds of that group have no savings at all.
In some not so great news for your savings stash, the RBA rate cut could see already low interest rates on savings accounts get even lower. If your bank follows the RBA and cuts interest rates by 0.25%, you could be earning a not so nice looking interest on your savings stash.
Since the RBA cut official interest rates last Tuesday, mortgage rates have been dropping like flies. So far, 34 providers have made reductions to their range of variable rate home loans, with 21 passing on the full 0.25% cut.
The people have spoken! Bank Australia has officially won the hearts of Aussies, with a total of four 2019 Mozo People’s Choice Awards to show for it.
Of all the challenges that small business owners face, admin overload has to rank among the most frustrating. And when things like responding to emails, handling payroll and navigating red tape start hitting a business’ bank account, it goes from frustrating to a serious problem.
If you’re a parent, chances are financial literacy is pretty high on the list of things you want to teach your children. Learning how to save your money and spot a good deal are both pretty important milestones on the road to financial independence.
Raising money-smart kids is a goal for many Aussie families, but the classic method of weekly pocket money may not be the answer to prepare them for the financial challenges of adulthood.
If you’re looking for ways to boost your savings, then a high-interest savings account is a sure-fire way to do it. And if you’d like to get your hands on an award-winning high-interest savings account, then you’ve come to the right place. We've compiled a list of some of the top high-interest savings accounts of the 2019 Mozo Experts Choice Awards for Deposits winners.
The Mozo Experts Choice Awards are back in full swing for 2019, and we’re excited to announce UBank has won our Savings Bank of the Year award, making this the second year in a row it’s taken home the honour.
It’s never too early to start teaching your kids about the importance of earning, saving and spending money. After all, according to ASIC’s MoneySmart website, the significance of developing positive financial skills from an early age will set them up for the financial challenges of adulthood and establish good money habits for life.