Are your savings getting the best rate available?
Many savers think they are getting a good rate of return of return on their money, only to find that the terms and conditions on their savings account mean they are earning much less than they believed.
Sydneysider Shaun Greenblo believed he was managing his money well.
However his savings had been shifted from the market-leading interest rate to a rate below inflation.
After acting to rectify the situation, he is now $3700 a year better off.
Source: The Daily Telegraph