Savings Accounts Articles

What to do with THAT Christmas present

Post-Christmas, more than a few of us will have been left with an unwanted gift from a well-meaning relative or friend that we just don't need. Rather than letting it sit at the back of your cupboard for the rest of eternity here are some handy ways of moving it on that may even earn you some cash to put back into your depleted savings account.

The savings account checklist

You may have made the decision to move your extra money into a savings account but don't congratulate yourself just yet. At first glance it may appear that all savings accounts are created equal, they all help you work towards your goal by providing interest payments on your total.

The power of compound interest

Put simply, compound interest is earning interest on your interest income. It's something investors use to their advantage - by reinvesting the interest they earn on an investment, they earn more interest on the growing amount.

Savings accounts interest rates

Savings accounts are an easy, convenient, and for many people, key component of growing wealth and managing their short-to-medium-term money requirements. Savings accounts can be used to save for a special purpose such as Christmas shopping, a holiday, a home deposit (in which case the government may make a co-contribution), or just for a rainy day.

Fancy a discount on your taxable income?

Saving money may soon become easier if a proposed Federal tax incentive gets the green light. It's a timely initiative for Australians, which are saving more of their income now than in the past 24 years, according to Australian Bureau of Statistics figures.

Save and win savings accounts

Save and win saving accounts are a type of savings account that allows the customer to enter a prize draw according to how much money they deposit each month.

Online savings accounts are so hot right now!

RateCity shows you why interest rates for online savings accounts are so hot right now and how you can get in on the action. RateCity shows you why interest rates for online savings accounts are so hot right now and how you can get in on the action.Saving for a holiday or a new car? If you have a savings goal in mind or just need to make some quick and easy cash, online savings accounts can be a great way to boost your savings and reach those goals sooner.

Want to save more than $3300 extra every year?

RateCity reveals how much extra cash you can make from you're increased earnings with a high-interest online savings account. Over the past 12 months to February 2010, full-time adult earnings have increased by 5.9 percent for males and 4.5 percent for females.

Finding the best account for kids who want everything

RateCity looks at the release of Bankwest's Kids' Bonus Saver Account and shows you how your kids can start building a healthy little piggy bank for themselves.

Be rewarded with great deals for savers

New research by RateCity found that on average, online savings account rates have increased by almost the entire Reserve Bank cash rate rise of 1.25 basis points, rising by 1.17 percent since September 2009.

Online savers up the ante with generous rates

We love to hate them, but the banks are doing their best to woo us, or at least to convince us to entrust our savings to them. The most obvious manifestation of the banks’ attempt to snare a bigger slice of savings is the rapidly growing interest rates being offered by online savings accounts.

21st century savings How to win back your money and time

Technology is becoming even more important for Australian savers, as the popularity of electronic funds climbs. There is still room for many to sign up to new and safe methods of managing their finances, which offer a range of savings and benefits.

Don't let the banks steal your savings!

Not all saving accounts are equal. When it comes to how they calculate and pay interest, it’s definitely worth checking the terms and conditions before you open a new savings account.

Australia's worst savings accounts

How do you know when your savings account is on the nose and what should you do about it? The answers to the following questions will help you to determine whether your existing savings account is worth keeping or sweeping.

The age of online savings accounts

We've become so used to thinking of banks as one homogenous mass that we're at risk of missing the opportunity to cash in on the differences. And when it comes to savings accounts these differences can really add up.