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Savings Accounts News

Cautious Savers Trust Big Banks

Oct 13, 2009 - Eric Smyth

Money has poured into the Big Four Banks even though they offer lower interest rates on savings accounts compared to the smaller banks and credit unions, because of the mistaken fear that smaller banks could collapse because of the global financial crisis.

ANZ & Westpac growing faster than their rivals

Sep 02, 2009 - Eric Smyth

Out of the big four banks ANZ and Westpac are growing faster than their rivals in the retail banking market.

During July they accounted for the largest portion of household deposits lodged with local banks.

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