Pain continues for Aussie savers as interest rates continue downwards
Aussie savers took another hit today after ME Bank announced a cut to its previously market-leading ongoing bonus savings account rate.
Falling short: 60% of Aussies believe they won’t have enough money for retirement
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.
Key to savings wealth is all about connecting with your future self: UBank
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.
Over 50s underprepared for tax time: St.George Bank
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.
Revealed: Aussie savings accounts fall lower than inflation
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.
ASIC urges Aussies to take their share of $1.1 billion in unclaimed money
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.
Eggcellent news for those who savour their Easter treats
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.
Kids savings accounts: The Westpac Bump Savings Account is finally here
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.
RaboDirect report finds happiest Australians make between $80,000 and $100,000
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.
43% of older Aussies haven’t switched banks this decade
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.