Savings Guide Australia

There are a lot of high interest savings accounts on the market – some better then others

Recently a tip was submitted by Gerd Schenkel, the General Manager of UBank, a direct bank in Australia that is backed by NAB.
He shared with us a very insightful tip worth considering when setting up a term deposit or high interest bank account.

Thats right! You should treat your savings account like any old bill.
What does that mean?
Well imagine if you could get yourself into the mindset that saving money was like paying a phone bill, it is not something you have the option of doing – you must do it! Genius!

Macquarie Bank have just released a new account, it is called the Macquarie Cash XL. A simple to use, online savings account that earns you quite a high interest rate on your balance.
Offering no minimum initial investment or ongoing balance plus earn full interest on every dollar in your account calculated daily, paid monthly. [...]

I have been considering a term deposit for quite a while now, ever since there was great market volatility in Australia from 6 months ago until now.
What are my reasons for considering a term deposit?
That is what I would like to look at as term deposits are very much back in fashion this year and [...]

Most Australian’s have their pay and savings tucked away in their everyday transaction accounts – which means they are missing out on valuable interest earned that would greatly help you reach your goal of saving more money.
Did you know that by using the right high interest savings account, you could effectively save a lot more [...]