
Savers urged to shop around for better value this spring
With interest rates at rock bottom for more than 12 months now, things are tough for Aussies trying to build up their savings stash.

With interest rates at rock bottom for more than 12 months now, things are tough for Aussies trying to build up their savings stash.

Aussie banks are on notice after news that global investment bank Goldman Sachs is planning to enter the UK market with a high-interest online savings account next year.

According to a recent study by Westpac, one third of Aussie kids and adults get a little shaky when it comes to maths.

Aussies in their 50s and 60s are struggling to build up an adequate savings nest egg ahead of retirement, according to recent research from MLC, part of NAB’s wealth management division.

Australians could be shortchanging their savings balances to the tune of hundreds of thousands come retirement time, at least that’s according to Industry Super Australia (ISA) - the representative body of industry super funds across the country.

New research from the Financial Planning Association of Australia (FPA) has found that almost a third of Aussies are stressed about their finances, with a low bank balance being the biggest roadblock from achieving their desired lifestyle.

Despite the fact that millennials are popularly thought of as lazy, irresponsible and only interested in avocado breakfasts, recent research from Westpac has revealed that an overwhelming 91% of Aussies aged 18-35 are setting and proactively working toward their savings goals.

Aussie savers took another hit today after ME Bank announced a cut to its previously market-leading ongoing bonus savings account rate.

Growing concern about a shortfall in the amount of money they will have available at retirement is incentivising more and more Australians to focus on slashing their debt and boosting their savings balance a new report has found.

Do you ever find yourself dipping into your hard earned savings to pay for clothes or a trip away? Well you’re not alone, with new research revealing that Australians withdraw a whopping $30 billion each year from their savings accounts.