Superannuation Savings Being Scammed Through Identity Fraud
It pays to be vigilant even when we least expect a theft to happen. If you have bank accounts or credit cards, make it a habit to check your statements so that you can be sure that everything is in proper order. Another scam is on the loose with a good number of people losing [...]
Never Disclose Your Bank Account Details
With the onset of the information technology, banking has been made convenient by accessing your bank accounts using the internet. However, online banking has its share of inconveniences and dangers as scams and frauds are also rampant. Banks need to be extra vigilant to protect its customers from internet fraud or online scams.
Just recently, [...]
Is the $2 ATM fee necessary?
There may good news in store for those people who are in the habit of withdrawing from ATMs. The Federal Parliament just announced that it will legislate on eradicating the $2 ATM fees. It is estimated that these ATM fees cost Australians a whopping $600 million a year. This is the initiative of Greens senator [...]
Consumer’s Savings Eyed By Big Banks
The big Australian retail banks are engaging in a fierce competition to gain more customers. This is a part of their desire to boost their deposits to finance their funding costs. The central bank has assertedf that due to the global financial crisis, wholesale funding for the global financial markets has been greatly reduced.
Fortunately, the [...]
Why Banks Have Reduced Their Interest Rates on Some Term Deposits
There is a constant clamor asking people to save, especially during these hard times. It is, therefore, disheartening to discover that the big four banks are lowering their interest rates on a few fixed-term deposits. Banks like NAB, Westpac and ANZ have reduced their interest rates on selected class of term deposits by 0.1 and [...]
A Timely Review Of Term Deposits
Savings is always good, but to maximize your potential earnings from it, you need to make a thorough and informed decision as to how best to save your money. If you opted for a term deposit so as to get a higher yield for your savings, you need to fully understand this particular account especially [...]
The Two Facets of Savings
The best way to save is when you are earning from it at the same time. In such a way, the money you set aside is not just gathering dust, but is actually used to make more money. This is why opening a bank savings account is much more beneficial. For those persons who wish [...]
All The More Reason To Save!
Saving for a rainy day is always a wise decision. Saving in a bank is even wiser since you also earn from the money you have set aside. There is even more reason to save nowadays because the interest rates are in their all-time high. This came after the Australian government’s decision to withdraw funding [...]
Saving Up For Your Child’s College Education
The importance of savings cannot be stressed enough. We save for a rainy day. However, we often fail to picture a rainy day, in the same way; we cannot imagine ourselves sick when we are at the prime of our lives. We defer on saving unless we have a particular goal in mind, one that [...]
The Benefits of A Foreign Currency Account
A bank account that does not vary much from your regular savings account is the foreign currency account. If you have several transactions overseas or perhaps own a business engaged in export and import, then there is a need for you to open a foreign currency account. This particular account will protect you from the [...]