Average savings account interest rate has dropped to 1.88%
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.
2017 Mozo Experts Choice Awards reveal the best place for Aussies’ savings
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.
Valentine’s Day without the squabbles: Study reveals equal spend across the genders
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.
Work-related expenses revealed: Gen Y spending 150% more than Baby Boomer colleagues
Generation Y employees are spending over $200 more than the average Australian on getting ‘work ready’ each month, with costs such as travel, lunches and take away coffees proving the most expensive costs for workers.
Rate cuts from 9 providers spell bad news for savers in 2017
With 2017 underway, Aussies who made a resolution to save more money are doing it tough so far, as Mozo’s data shows that a number of banks have already welcomed the New Year by cutting rates on savings accounts.
Aussies eye savings success as number one goal for 2017
Whether it’s a trip to Asia or buying their first home, Australians of all ages have made saving money their foremost financial priority in 2017, according to a new study.
$200 savings baby bonus - Westpac rewards kids born in 2017
They might not know it, but newborns across the nation are in for a savings surprise with Westpac announcing a $200 contribution to the savings account of any baby born in 2017 who has an account opened in their name.
Aussies could pocket up to $1,547 by haggling on their financial products and utility bills
If Aussies haggled on common life expenses like financial products and utility bills, they could save an average of $1,547, research commissioned by Mozo has revealed.
Heritage Bank research finds Aussies identify as tightwads
Aussies are self-proclaimed tightwads fixated with skimping on fashion and food because of the instant gratification it gives them, according to a consumer behaviour report.
The cost of vanity: Queenslanders the fairest in the land downunder
In a recent Mozo study, QLD was revealed as Australia’s vainest state, with an annual spend of $989 per capita on beauty products.