School banking and children’s savings accounts – There are good accounts and not so good accounts … The spotlight is on school banking programs, which [...]
If you’re moving to Australia for study then one of the most important things you need to do is to open a bank account that [...]
Children’s savings accounts are in the news at the moment, mostly because of controversy surrounding the Commonwealth Bank’s school banking program, Dollarmites. In 2018, the [...]
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What is Osko? Osko, in short, is a new way to pay people, businesses and transfer money between bank accounts using Australia’s New Payments Platform [...]
What is cardless cash? Cardless cash means withdrawing cash from an ATM without a card. Spoiler alert – it’s done with your mobile phone. It’s [...]
The Australian Government guarantees deposits, up to $250,000, that are held in Authorised Deposit-taking Institutions (ADIs)– also known as banks and credit unions. The government [...]
Xinja Bank is a new kind of bank that is not yet fully operational. In the next few months Xinja will launch new accounts and [...]
The Powerball jackpot this week is the biggest in Australian history at $150 million. One in three Aussie adults is expected to play this week's [...]
All Centrelink payments get paid as cash into bank accounts as a right of every Australian. Until now. Since the Howard government, remote communities have [...]
The world economy is in totally uncharted territory. Last week central bankers from around the globe met in Jackson Hole, Wyoming, USA and tried to [...]
By Elle Hardy After six months of hype, the Commonwealth Bank’s new app has landed. Known as CommBank app 4.0, it is hailed as a [...]
Your bank account is how you manage your everyday finances, receive your salary or Centrelink benefits, pay bills and withdraw cash from ATMs. You can’t [...]
Notice saver accounts are a fairly new product to the Australian savings account scene. They’re a handy hybrid of term deposits and on-call savings accounts. [...]
There is a titanic battle playing out right now, behind the scenes, between Australia’s big banks, the Morrison government, the Reserve Bank, global credit card [...]
In the olden days (which means the 1970s at the most recent…), your savings account was a dull, stolid sort of investment vehicle that was [...]
By Jason Bryce Prime Minister Scott Morrison famously believes in miracles and now I do too. I have just received my personal ‘dividend’ payment from [...]
Your guide to switching banks Australians are more likely to get divorced than change their bank. But thanks to a number of government regulations in [...]
Afterpay is part of a new wave of ‘Buy now, Pay later’ apps and online wallets that is sweeping the world. Afterpay allows you to [...]
Do you remember the ‘Dollarmites’ school savings program that Commonwealth Bank offers to primary schools around Australia? It still exists—with CBA offering a range of [...]
Commonwealth Bank, Westpac, NAB and ANZ have all cut their savings account and term deposit rates in recent weeks. Base rates on savings accounts are [...]
Getting into the habit of saving money can be the factor that makes all the difference to your security later on in life. If you [...]
Australian interest rates are at an all-time low at the moment and this means that all of the country’s banks had to follow suit and [...]
When you open a bank account that offers interest, whether it’s a transaction account or a dedicated savings account, you’ll probably have to supply the [...]
YOLO right? So why worry about investing and saving. That just seems really boring. Well life costs cash and the better you manage your cash, [...]
Term deposit vs savings account Saving money is important because having a cushion of funds can help you to weather financial storms, get educated, buy [...]
Facebook, Visa, Mastercard, PayPal, Uber, eBay and 23 other online commerce brands have announced a plan to establish a new online currency for Facebook called [...]
Savings accounts are NOT all simple, straightforward products that are basically pretty much all the same. Each savings account has its own terms and conditions, [...]
If you’re looking for ways to grow the money you already have at your disposal, then you’ll almost certainly be looking at investment vehicles like [...]
Sometimes it can feel like you’re doing everything right, but still not seeing results. Benjamin Franklin said, “a small leak will sink a great ship” [...]
Do you think saving money is hard? Spending money is easier right? Well actually anyone can save money but managing their cash efficiently and taking [...]
Which banks are cutting savings rates? Savers are often forgotten in conversations about rate cuts. Borrowers love lower interest rates but the other side of [...]
Even though contactless payment is well on its way to ubiquity now, we still get asked: “Cheque, savings or credit?” at the point of sale. [...]
When you press the “savings” account button at the ATM or in-store at the eftpos point of sale, you are actually withdrawing money from your [...]
Almost two thirds of Australian taxpayers are expecting a refund this tax year, and it’s not chicken feed. The average tax refund in Australia was [...]
ING Bank introduces a new saving system set to shake up the other banks. Following suit with investment apps such as Acorns, ING has the [...]
Australian’s biggest banks have decided to axe ATM’s fees for customers of other banks. Commonwealth Bank (CBA) announced on Sunday that they were axing ATM [...]
More than fourteen million Australian banking customers went online to do their banking in August 2016 according to Nielsen Digital Ratings. The number of Aussies [...]
A savings account bonus rate is an additional rate of interest above the base rate. Savers can often get the bonus rate by meeting certain [...]
The Reserve Bank of Australia has brought interest rates down to historically low levels. The official cash rate is now set at 1.75 per cent [...]
Share market volatility has increased, and is expected to increase further, as a result of the UK referendum result on leaving the European Union. Brexit [...]
Don't like budgeting but need to save money? Some people are turning it into a game called "extreme budgeting.” Extreme budgeting means you don't spend [...]
Young people may like to save money but don’t want it to interfere with their lifestyle or create boring work like drawing up a budget. [...]
Savings accounts often feature a bonus rate and a base rate. The higher bonus rate is paid for an introductory period, usually three or four [...]
Share market turmoil ahead of the UK referendum vote on leaving the European Union may be a preview of uncertain times ahead. Investors clearly fear [...]
Richard Denniss, chief economist at The Australia Institute, co-authored the book: Affluenza: When Too Much is Never Enough. Mr Denniss said Australians have a love [...]
Personal finance advisor David Bach says if you skip coffee every morning and invest that money instead, you’ll be a millionaire by retirement. Another personal [...]
High interest online savings accounts are usually linked to a transaction account to move money in and out. However most savings accounts do not require [...]
Even though interest rates are low, a high interest online savings account can still pay over three per cent interest, which is well ahead of [...]
One bank account for each savings goal - this is the bucket method of saving. Some financial counsellors recommend that savers open an account for [...]
Savings rates are coming down, along with the Reserve Bank of Australia’s official cash rate. Savings account rates are still generally higher than term deposit [...]
Average at-call savings account rates have dropped by about 0.26 percentage points in the last month, since the official Reserve Bank rate cut on 3 [...]
High interest savings accounts are a low risk investment option with a reasonable rate of return. Right now the average maximum savings account rate is [...]
Your transaction banking account is the foundation of your financial life. Most people use their account to pay bills by direct debit, receive salary, wages [...]