Saving Money

Independent and trusted reviews and comparisons of savings accounts and financial software and guides to budgeting and saving money.

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CHOICE Awards 2011: Best Online Savings Account

Who will provide the most bang for your buck when it comes to hard-earned savings?

31 Mar 2011 | To determine the winner, we looked at 150 savings accounts and the rates they've been offering over the past 12 months.

Best low fee bank account

CHOICE Awards 2011: Best Low Fee Bank Account

Transaction fees are disappearing fast, but only two accounts have abolished penalty fees.

31 Mar 2011 | Penalty fees, or lack thereof, became the ultimate decider of this award.

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Move your money

To celebrate World Consumer Rights Day, move your money from accounts that simply top up the profits of banks.

14 Mar 2011 | $153 billion worth of Australian money currently sits in everday transaction accounts that earn little or no interest.

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CHOICE releases Better Banking report

CHOICE heads to Canberra to deliver its report to Swan and Senate.

2 Mar 2011 | The report marks a major milestone in our campaign for fairer banking.

ATM Fees

CHOICE slams foreign ATM fees

A new report jointly published by CHOICE confirms the need for greater transparency around ATM fees.

16 Feb 2011 | Consumers continue to pay up to $4 when they visit “foreign” ATMs.

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Bank satisfaction survey 2010

The Big Four again rank bottom for customer satisfaction, but we found they are quite open to giving discounted rates - when asked.

1 Sep 2010 | If you're not getting an interest rate saving of at least 0.7% then you're probably paying too much.

Switching banks

How to switch banks

Yesterday the CBA announced a record profit of 6.1 billion dollars.

27 Jul 2010 | If you're not happy about their profit, and your fees, ask for a better deal. CHOICE shows you how to find the fairest bank account and then switch to save.

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Bank fee bonanza

New statistics reveal reductions in bank account penalty fees have been offset by an increase in penalties charged on loans and credit cards.

10 Jun 2010 | The Reserve Bank of Australia's annual bank fees report reveals there has been a shift in banks' household penalty fee income from deposit accounts towards loans.

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How to avoid bank penalty fees

The announcement of a class action against Australia's big banks for fee gouging reinforces why customers need to scrutinise their statements.

12 May 2010 | Make sure you're not being stung by high penalties for overdrawing your account, paying your credit card bill a day late, or trying to pay in a cheque that bounces.

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Woolworths and debit cards

You can no longer press “CR” after swiping your debit card at Woolies. We look at the reason for this change, and its potential impacts.

20 Apr 2010 | You can no longer press “CR” after swiping your debit card at Woolies. We look at the reason for this change, and its potential impacts.

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Polls

 
 

Have you switched banks to get a better deal?

  
34%
 
No
  
24%
 
No, but I plan to
  
40%
 
Yes
  • 913 votes

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