Savers love ME Bank
According to the latest Australian Prudential Regulation Authority figures, household deposits grew by 7.6 per cent in the year to June.
Popular banks for savers in the last year included ME Bank, whose deposit book increased by a whopping 68.4 per cent.
RaboDirect’s deposits were up 12.1 per cent, ANZ 10.1 per cent, HSBC nine per cent, Westpac 9.6 per cent, NAB 8.5 per cent, and Commonwealth Bank 7.8 per cent.
Source: Banking Day