Bank Accounts
Creative ways to reach your first million
David Wilson The average savings accounts now only offer moderate to measly interest. The going rate hovers at about 3 per cent – unimpressive bang for buck.
SAVING
Savers notice option beside term deposits
John Kavanagh A new type of savings account starting to appear in the banking market will give people more options when it comes to organising their savings.
Insight
Publicised savings rates can be deceptive
Clancy Yeates Which type of savings accounts pay the best returns? Until recently, term deposits tended to offer the best deal for savers.
Pocket Money
Balancing home, work and homework
Sylvia Pennington Teens need their own money but how can they earn it, and how can parents help them make the right decision?
Insight: Savings interest rates
Clancy Yeates Hundreds of billions of dollars have poured into high-interest deposit accounts since the global financial crisis, as savers exploited the relatively strong interest rates.
Home ownership less pie in the sky for Gen Ys
Chris Tolhurst If you don't want to struggle to pay off a mortgage later in life, the best time to enter the property market is in your early to mid-20s.
How to lock away your hard-earned
John Collett Only two years ago, financial institutions were bending over backwards to attract depositors' cash with interest rates on term deposits of more than 6 per cent.
Change for peace of mind
Annette Sampson While Australians are saving more, almost half of the working population only have one months' savings or less in the bank to tide them over if something goes wrong.
Beat the cuts for a good return
Banks have been wooing depositors since the global financial crisis made the wholesale market an expensive place to source funds.
Ross Gittins
Households dust off the bank deposit book
Ross Gittins Households aren't only saving more of their incomes, they're saving more through banks and less through shares.
Shift to low risk
Lesley Parker A Reserve Bank paper on financial risk has drawn a clear picture of the move away from shares towards bank deposits, but fund managers say Australians have taken a leap too far and are missing out on...
Invest in your own interest
John Collett Term deposit interest rates have been on the slide for the past six months on expectations of lower interest rates.
Insight
Insight
Insight Banks are not known for their generosity but there is one group of customers getting a much better deal from their banks today than they did a few years ago.
Lenders rate and see
John Collett Most lenders are unlikely to drop their term-deposit interest rates by the full 0.5 percentage point cut to the cash rate.
End of deposit chase hits rates
Eric Johnston A sluggish outlook for lending has caused pricing across a string of savings accounts to fall away as banks cease to chase deposits.
Marcus Padley
Volatility is a turn-off and term deposits look sexy
Marcus Padley Bull market, bear market, bull market, bear market. Contrary to some of the more glamorous marketing, volatility is not an opportunity for investors, it's a turn-off.
Aim carefully for the top rates
John Kavanagh Australians are about to have their love affair with savings accounts put to the test. Banks and other deposit takers have enjoyed such strong flows into at-call accounts and term deposits that they...
All taken into account
Penny Pryor AS THE sharemarket continues to see-saw and your costs appear to be going up and up, it might seem as if your finances are spiralling out of your control.
Terms of endearment
John Kavanagh Competition for deposits is driving rates and savers are in the box seat. Over the past month, a number of deposit-takers have increased rates on a range of terms, with increases of as much as 0.
