Mature Australians are using high interest savings and term deposits for their cash savings but General Manager of St.George Retail, Ross Miller, says this age group need to consider where this ‘at call’ cash is best placed, particularly with the lead up to tax time and the upcoming changing superannuation rules.
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A recent study from Mozo has revealed that Aussie savings are going backwards, with not a single saving account in Australia now providing an interest rate which keeps savings ahead of the current levels of inflation and tax.
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When thinking about lost cash the vision of loose change dropped down the back of the couch may spring to mind, so many Aussies may be shocked to hear that as a nation we have a whopping $1.1 billion in unclaimed money from forgotten bank accounts, shares and life insurance just waiting to be collected.
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Aussies who gobble down all their Easter eggs in one sitting are less inclined to have control over their personal finances - at least according to the latest research conducted by ME Bank.
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Thousands of proud parents will be happy to hear that the Westpac kids savings account dubbed “Bump” has finally arrived - the highly anticipated initiative that comes with a $200 incentive.
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In confirmation that the old adage ‘money can’t buy you happiness’ might well be true (to a degree), a new report from RaboDirect has found that the happiest Australians are not the ultra-rich, but rather those who make a bit more than average.
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According to recent research from St.George, many older Australians are sticking with their banks for a decade or more - but that loyalty could be costing them.
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It’s been a race to the bottom during 2017, with 18 financial providers having already slashed savings account interest rates this year, according to Mozo data.
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This year’s Mozo Experts Choice Deposit Awards have shown that when it comes to saving, there’s no one size fits all option - but there are great value savings and bank accounts out there for all kinds of Aussies.
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The figures are in and the ultimate question of love has finally been answered - men and women spend just as much on each other on Valentine's Day, with an average spending difference of just $4.
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