Getting super returns from your cash

How to turn $100 into $1600 now. Sandra* is a self-funded retiree, with just a small part-pension from Centrelink. Sandra keeps an eye on her [...]

POSTED ON November 14, 2019
Top savings rates in November 2019

The RBA has rates set at all-time lows and may cut rates yet again in the near future. CPI inflation has edged up to 1.7 [...]

POSTED ON November 12, 2019
Micro-investing apps vs savings accounts

Micro-investing apps make investing easy, you link your internet banking login details to the app, set up a savings/investment plan and watch your money grow, [...]

POSTED ON October 30, 2019
First InfoChoice review of 86 400

What is 86 400? 86 400 is a neobank – a completely online bank that is based on mobile phone app technology. 86 400 is [...]

POSTED ON October 29, 2019
Which banks use Osko?

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 [...]

POSTED ON September 26, 2019
Xinja Bank – what is it all about?

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 [...]

POSTED ON September 19, 2019
What are my chances of winning Powerball?

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 [...]

POSTED ON September 18, 2019
What is the cashless welfare card?

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 [...]

POSTED ON September 10, 2019
Could Australia get negative interest rates?

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 [...]

POSTED ON August 29, 2019
What is a notice saver account?

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. [...]

POSTED ON August 19, 2019
What is happening to eftpos?

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 [...]

POSTED ON August 16, 2019
Tick and flick – is it really that easy?

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 [...]

POSTED ON August 7, 2019
What is Afterpay?

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 [...]

POSTED ON July 22, 2019
Great savings rates revealed

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 [...]

POSTED ON July 15, 2019
Facebook’s Libra money is coming in 2020

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 [...]

POSTED ON June 19, 2019
Which savings account is right for me?

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, [...]

POSTED ON June 19, 2019
9 Ways You Could Be Wasting Money

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” [...]

POSTED ON June 18, 2019
Easy ways to save money in Australia

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 [...]

POSTED ON June 5, 2019
Good news as savers saved from full rate cuts

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 [...]

POSTED ON June 5, 2019
The Best Savings Account For Your Tax Refund

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 [...]

POSTED ON May 30, 2019
ING Bank brings out a new savings system

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 [...]

POSTED ON February 14, 2018
ATM Fees Get The Axe From Four Big Banks

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 [...]

POSTED ON September 25, 2017
Which bank is the best for online banking?

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 [...]

POSTED ON September 28, 2016
What is a bonus rate on a savings account?

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 [...]

POSTED ON June 29, 2016
Savings account holders laugh at Brexit result

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 [...]

POSTED ON June 27, 2016
How about a money diet for a few months?

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 [...]

POSTED ON June 23, 2016
Brexit makes savings accounts look good

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 [...]

POSTED ON June 20, 2016
Saving is the new spending

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 [...]

POSTED ON June 17, 2016
You don’t need to give up coffee to save money

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 [...]

POSTED ON June 8, 2016
Savings account vs shares

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 [...]

POSTED ON June 6, 2016
What is the bucket method of saving

One bank account for each savings goal - this is the bucket method of saving. Some financial counsellors recommend that savers open an account for [...]

POSTED ON June 3, 2016
How many savings accounts have rates over 3%?

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 [...]

POSTED ON June 3, 2016
Savings account interest rates are being cut

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 [...]

POSTED ON June 2, 2016
How to choose the right transaction account

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 [...]

POSTED ON May 24, 2016