Saving Money

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


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.

Graph and reading glasses

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.


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.

Low fee transaction accounts

Low-fee transaction account reviews

Say goodbye to bank fees by simply switching to a different transaction account.

12 Mar 2010 | Switching to a new transaction account with no monthly fees and low transaction costs may save you more than $200 per year. CHOICE selects the picks of the crop.


ING Direct Orange Everyday review

ING Direct's latest account is set to raise the bar for everyday banking.

10 Mar 2010 | The account isn't completely fee-free and it doesn't pay interest, but most everyday transactions are free and there are incentives that will be attractive to many customers.

Bankwest Zero

Bankwest Zero quick review

Here's a new twist on bank fees: an account that refunds some of the fees other banks charge to you.

18 Jan 2010 | The new Bankwest Zero account refunds its customers the fees that the big four banks charge when you use their ATM machines.

The big four banks

Bank satisfaction survey 2009

So which institutions came out on top for bank accounts, credit cards and homeloans in our survey?

30 Sep 2009 | Over the past year, ANZ, Commonwealth, NAB and Westpac have increased market share but our survey reveals they haven't increased in popularity.

House keys

First home saver accounts

A new government scheme provides incentives for new home buyers, but watch for traps.

3 Aug 2009 | To provide incentives for people to save for their first home, the federal government launched the first home saver account (FHSA) scheme.

Credit card

Cheque, savings or credit?

When paying with a debit card, you're given a choice of cheque, savings or credit. What should you choose?

9 Jul 2009 | Many financial institutions now offer debit cards that can be used for transactions through the MasterCard, Visa and EFTPOS systems.

Couple budgeting

Consumer spending survey

How has the global financial crisis affected CHOICE members?

24 Jun 2009 | It’s been a traumatic time for financial markets and the wider economy, with the world experiencing its deepest and most synchronised recession in 70 years.

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Have you switched banks to get a better deal?

No, but I plan to
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