National Savings Survey Key Highlights
- Working Australians are missing out on an additional $4.7 billion in interest due to keeping cash in low-interest bearing accounts
- 64% of respondents use their everyday transaction account as their main savings account
- 75% of Australians do not have a budget plan they stick to
- 54.9% of respondents didn’t know what rate of interest they were earning on their savings
The Sydney Morning Herald / The Age
- Customers duped on savings accounts
- Even when the banks are doing you a service
- 'Money tree' experiment highlights Aussie attitudes
News.com.au
