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
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
Trending News 31 May

First lender smashes through 3 per cent barrier The first lender in Australia to announce a retail home loan rate under three per cent is [...]

POSTED ON May 31, 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
Trending News 29 May 2019

Which bank has the most satisfied customers? Customer satisfaction with the big four banks declined sharply during and following the 11-month Hayne Royal Commission into [...]

POSTED ON May 29, 2019
Two new banks set to take on the big four

Commonwealth Bank, Westpac, National Australia Bank (NAB) and ANZ Bank dominate Australian lending and banking with more than 80 per cent of the market between them.  [...]

POSTED ON May 10, 2019
New wave of BPay fraud

B-Pay fraud has started again - criminals are using credit cards to circumvent recently-installed security safeguards. In Sydney over the past three weeks 12 people [...]

POSTED ON April 3, 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
Top tips for nailing your budget this year

It’s always a good time to start saving money. Whether you’re saving up for a trip or growing your emergency fund, everyone should be putting [...]

POSTED ON February 8, 2018
Good credit history? New laws could help you save

The Turnbull government has announced ‘game changing’ new laws that will allow Australian’s to negotiate a better deal on their home loans, credit cards and [...]

POSTED ON November 8, 2017
What is a term deposit rollover risk?

Term deposits expire, or mature, at a certain date. At this point, if you haven’t organised moving your money into a new term or a [...]

POSTED ON October 27, 2017
How to apply for a savings account

What is a savings account? In short, it's a place to store and grow your money while still allowing you to access it in the [...]

POSTED ON October 26, 2017
How to switch savings accounts

Choosing a savings account that’s right for you is the very first step to achieving your savings goals. Typically, savings accounts offer low or no [...]

POSTED ON October 24, 2017
What types of term deposits are there?

Have you considered incorporating term deposits into your savings strategy? With guaranteed returns on deposits up to $250,000 in Approved Deposit-taking Institutions (APIs), term deposits [...]

POSTED ON October 16, 2017
What is a Savings Account?

If you've set yourself a savings goal or you're trying to grow a rainy day fund, it might be time to invest in a savings [...]

POSTED ON September 25, 2017
What types of savings accounts are there?

If you're looking to grow your savings, it might be time to invest in a savings account. Alternatively, you might want to switch savings accounts [...]

POSTED ON September 25, 2017
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
What is a Term Deposit?

Term deposits are an easy way to make some extra money. Put your money into a term deposit from anywhere between one month to five [...]

POSTED ON September 25, 2017
Three tips to help you save for tomorrow

Just because many millennials struggle to break into the property market doesn't mean they're not able to save. In fact, millennials are among some of [...]

POSTED ON June 7, 2017
Retirement savings: How to invest for your future

Retirement doesn’t come cheap. If you’re hoping to maintain a comfortable standard of living long after ceasing work, it’s worth looking into investment options beyond [...]

POSTED ON May 9, 2017
How to buy property as a millennial

Growing up a millennial certainly has its advantages, like having a strong entrepreneurial mindset and dreams of self-employment. In fact, the disposable income of Australian [...]

POSTED ON March 27, 2017
Saving for a holiday and a house

Climbing the corporate ladder is hard work, and you’ll naturally want to take some time out occasionally. Travelling is a great way to rest, recharge [...]

POSTED ON March 27, 2017
Long term deposit vs short term deposit

For people looking to grow their savings, term deposits make the job simple. Put your money away for a set period, usually between 30 days [...]

POSTED ON February 24, 2017
Debit card vs credit card

Growing numbers of Aussies are cutting up their credit card and choosing a good debit card linked to a great everyday transaction banking account. Now, [...]

POSTED ON January 23, 2017
One bank wants to give your baby cash

Westpac is giving $200 in a savings account to any Australian baby born in 2017 to celebrate the bank’s 200th anniversary. What is the $200 [...]

POSTED ON January 11, 2017
Banks cut TD rates, but that will change in 2017

In November and December 2016, some of Australia's biggest banks have reduced some of their term deposit rates. National Australia Bank has reduced interest rates [...]

POSTED ON December 23, 2016
Switching banks is getting a lot easier

Are you unhappy with your bank but the idea of switching your everyday transaction bank account seems a bit too difficult? Everybody has direct debits [...]

POSTED ON November 28, 2016
Thirty three ways you can get Apple Pay

Would you switch banks to enable Apple Pay on your iPhone? Apple Pay is the new way to shop and pay for goods and services [...]

POSTED ON November 15, 2016
Savings accounts worth having a look at…

Are you happy with your savings account? In a low interest rate economy, savers need to take control and find a savings account that suits [...]

POSTED ON November 3, 2016
Savings accounts vs. term deposits

If you want to save money and earn interest, savings accounts and term deposits are both worth looking into. We’ve examined the differences and similarities between [...]

POSTED ON October 28, 2016
Key term deposit terms you should know

Term deposits offer a guaranteed return, making them particularly popular among more cautious investors or as a low-risk component of a diversified investment portfolio. However, [...]

POSTED ON October 28, 2016
Key savings account terms you should know

Offering higher interest rates than transaction accounts, and with some throwing in bonuses for making regular deposits, savings accounts are designed to help you grow [...]

POSTED ON October 28, 2016
How to apply for a term deposit

Putting your money into a term deposit means locking it away for a pre-determined period at a fixed rate of interest. That way, you’re guaranteed [...]

POSTED ON October 28, 2016
Fewer Aussie couples want a joint bank account

Surprising new data reveals that fewer Australians are choosing to open joint bank accounts, savings accounts and credit cards with their loved ones. Traditionally a [...]

POSTED ON October 28, 2016
Which savings account has the highest base rate?

There are more than 280 savings accounts now on offer from Australia’s banks and credit unions. InfoChoice lets you compare accounts according to the features [...]

POSTED ON October 20, 2016
Angry bank customers look for alternatives

National Australia Bank customers have suffered through three system outages in a week. Thousands of NAB customers have taken to social media to vent their [...]

POSTED ON October 12, 2016
Switching bank accounts is easy

Switching to a new transaction banking account with another bank or credit union may seem like a lot of hassle. Many Aussies put up with [...]

POSTED ON October 7, 2016
Which big bank is cutting term deposit rate

Just two months after boasting about raising interest rates for savers, the big banks have begun quietly cutting the returns they pay to term deposit [...]

POSTED ON October 3, 2016
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
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
How can I get Apple Pay on my iPhone?

Apple Pay is now available in Australia, through one bank’s credit card and transaction accounts only. ANZ Bank is offering Apple Pay on ANZ Visa [...]

POSTED ON August 17, 2016
Australians love Visa and Mastercard debit

Australian consumers are paying off their credit cards according to the latest Reserve Bank payment data. The average balance accruing interest on credit and charge [...]

POSTED ON August 15, 2016
Google’s Android Pay launches in Australia

In a major step forward for banking and payments in Australia, Google has launched Android Pay with 28 banks and credit unions now offering the service. [...]

POSTED ON July 21, 2016
Financial counsellors issue warning to Aussies

This is serious - you need an emergency fund Financial counsellors are employed by charities and community groups, funded by government, to provide free, confidential [...]

POSTED ON July 14, 2016
What is a bonus rate on a savings account?

Bonus rate of interest - What is it? Many high interest online savings accounts feature a ‘bonus rate’ of interest. A savings account bonus rate [...]

POSTED ON July 5, 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