Pitch Engine
Times Advertising


.

See when Australia's biggest banks stopped paying proper interest on your savings – and what you can do about it

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
See when Australia's biggest banks stopped paying proper interest on your savings – and what you can do about itShutterstock

Whenever interest rates went up in the past, I used to get told it wasn’t all bad news. At least it was good for some people: savers – people with money in the bank.

I hear a lot less of that these days.

If you’ve got money in the bank, you’re now lucky to earn anything at all. One in seven of the deposit dollars...

Read more: See when Australia's biggest banks stopped paying proper interest on your savings – and what you...

More Articles ...

  1. Ride-share companies are losing billions, so why their interest in unprofitable public transport?
  2. 6,000 words but silent on falling real wages: what Chalmers got wrong on 'values-based capitalism' and fixing our economic woes
  3. 40 years on, does Australia need another Prices and Incomes Accord?
  4. Australians need good financial advice more than ever to pay for soaring interest rates. Here's how to get it
  5. Success in life is tied to parental education. That's why we need to track intergenerational school performance
  6. RBA's latest forecasts are grim. Here are 5 reasons why
  7. Australia's new pay equality law risks failing women – unless we make this simple fix
  8. What if Opal and Myki became one? It'd help more of us than you'd think
  9. RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens
  10. How to save $4 billion a year: reform a fuel tax credit scheme with no real rationale
  11. Higher interest rates, falling home prices and real wages, but no recession: top economists' forecasts for 2023
  12. It's tradition: Indigenous designs have been on Australian money since decimalisation
  13. Short selling Adani: how an obscure US firm profited from triggering the Indian giant's price plunge
  14. Business owners see cutting carbon emissions as 'the right thing to do', despite the challenges of making change
  15. First Nations people often take on the 'cultural load' in their workplaces. Employers need to ease this burden
  16. Climate change is already putting the heat on insurance companies – Auckland's floods could be a turning point
  17. What's driving the potato chip shortage and when will it pass?
  18. It's not all about gender or ethnicity: a blind spot in diversity programs is holding equality back
  19. If you haven't joined a union, it's time you paid to benefit from union deals
  20. China's population is now inexorably shrinking, bringing forward the day the planet's population turns down
  21. 9 in 10 landlord tax returns are wrong. Does this make landlords champion tax dodgers?
  22. Stamp duty isn’t going anywhere until we can agree on the tax to replace it
  23. Feeling flat now you're #BackToWork? A post-holiday slump is normal, but these clues signal it's time for a new job
  24. The housing wealth gap between older and younger Australians has widened alarmingly in the past 30 years. Here's why
  25. The rent crisis is set to spread: here's the case for doubling rent assistance
  26. What if your colleague is a bot? Harnessing the benefits of workplace automation without alienating staff
  27. How housing made rich Australians 50% richer, leaving renters and the young behind – and how to fix it
  28. What is income protection insurance – and how's it different to total and permanent disability insurance?
  29. 'Boys will be boys': why consumers don't punish big polluters for greenwashing lies
  30. Micro-aggressions are repeated acts that send women backwards. Here's how micro-accommodations can fight back
  31. Discovering the 'honeypot': the surprising way restricting immigration can turn out to hurt the working poor
  32. 12 ways to finally achieve your most elusive goals
  33. Digital nomad visas offer the best of two worlds: what you should know before you go
  34. India's 'untouchable' women face discrimination even in schemes meant to help them
  35. Open banking is coming to New Zealand – here’s what we can learn from countries already doing it
  36. Are nudges sinister psychological tricks? Or are they useless? Actually they are neither
  37. Already under fire politically, Three Waters is also threatened by NZ's critical shortage of skilled engineers
  38. Fuelled by hope and fear, cryptocurrency markets are primed for contagion
  39. 90% of young people had financial troubles in 2022, and 27% used 'buy now, pay later' services
  40. Clearer rules on reporting companies' climate risks could soon put us on a path to decarbonising corporate Australia
  41. How to win the gift-stealing game Bad Santa, according to a mathematician
  42. Why would you dump a requirement for financial advisers to give advice that's in their client's best interests?
  43. Hotel booking sites actually make it hard to get cheap deals, but there's a way around it
  44. How FTX Australia was able to get away with claiming it was 'ASIC-licenced'
  45. 'I thought crypto exchanges were safe': the lesson for everyone in FTX's collapse
  46. Will price caps on coal and gas bring power prices down? An expert isn't so sure
  47. What is the Indo-Pacific Economic Framework, about to be negotiated in Brisbane?
  48. Wage theft has reached pandemic proportions, so why hasn't the Albanese government criminalised it?
  49. This latest increase in RBA interest rates might well be the last, for some time
  50. Pay secrecy clauses are now banned in Australia; here's how that could benefit you