Interest rates on savings accounts are hitting an average low of 2.99% as banks counterbalance low home loan rates. According to Mozo's savings account database there are 21 accounts paying less than one per cent interest.
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According to ING DIRECT’s Household Financial Wellbeing Index, Australian households have big plans for the new year, with a massive 79% of respondents on the hunt for a better deal.
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Australians want to save more, be less impulsive and budget better, a NAB survey of the nation’s top financial New Year’s resolutions has revealed.
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Consumer lobby CHOICE is calling on Australians to give cash not gift cards this Christmas, after their survey revealed many gift card holders don’t spend the full card balance before it expires.
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In the absence of dedicated financial literacy instruction in school curricula. Australian parents are taking a hands-on approach to their children’s financial education.
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One in four Australian households will re-gift presents this Christmas, and roughly the same number will be braving the shops on Christmas Eve.
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News.com.au has conducted a Cost of Living survey of 53,000 readers and found 53% are “frustrated” and 16% are “angry” with the rising cost of living in Australia.
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The days of wedding registries and multiple kitchen appliances are dwindling with Australians preferring to receive cash as they head down the aisle.
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Australians aged between 6 and 13 currently have $653 million in personal savings, Roy Morgan research has revealed.
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Australians are saving more, with eight out of ten Australians currently adding to their savings, or at least not dipping into them.
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