The Great Australian Savings Account Rip-Off!

December 17, 2023 00:20:09
The Great Australian Savings Account Rip-Off!
Digital Finance Analytics (DFA) Blog
The Great Australian Savings Account Rip-Off!

Dec 17 2023 | 00:20:09

/

Show Notes

If you have savings with a bank in Australia, it is highly likely you are being ripped off. After all, Australian Consumers depend on retail deposit products to conduct their everyday banking, to safely store over $1.4 trillion of their savings and, importantly, to earn a decent return on these funds. However, as I have been highlighting in recent shows, changes in the cash rate (often referred to as the ‘official interest rate’) via the RBA, and which is the rate paid on lending between banks in the overnight cash market only indirectly affect the cost of funding from retail […]

Other Episodes

Episode 0

May 15, 2021 00:16:49
Episode Cover

The High-Rise Horror Show Continues... [Podcast]

We look at a recent ABC article which highlights potential issues in the high rise sector once again. https://www.abc.net.au/news/2021-05-13/fair-traiding-finds-issues-at-major-sydney-apartment-development/100107048 [Note the video used in...

Listen

Episode

June 01, 2025 00:38:57
Episode Cover

Is The Financial Stress Worm Finally Turning Or Is It Eating It’s Young?

If you believe the hype, households across Australia are experiencing waves of relief, as rates are cut, incomes rise and inflation falls. But, judging...

Listen

Episode 0

September 14, 2022 00:14:03
Episode Cover

On A Recession Doorstep... [Podcast]

A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale...

Listen