Cameron Thomson

1 week ago | mozo.com.au | Cameron Thomson

New research from Mozo reveals that Australians are leaving significant money on the table through simple savings missteps. The 2025 Savings Report analysed 264 savings products from 84 providers and surveyed over 1,000 Australians, uncovering five critical errors that could be costing you hundreds in potential interest. 1.

1 week ago | mozo.com.au | Cameron Thomson

LiveMozo’s live blog – Day of April 15Stay on top of the latest in Australian banking. See interest rate changes, get news and product updates, follow market insights and read our expert analysis. 11:15amANZ cuts term deposit rates while Big Four hold steadyANZ has reduced term deposit rates across multiple terms, with cuts affecting nearly all short to medium term deposits (4 months up to 2 years).

1 week ago | mozo.com.au | Cameron Thomson

Term deposits are a great way of locking up some cash and getting a guaranteed interest rate. However, high interest rates accounts can often have high deposit requirements.  For instance, the current rate leader for 1 year and 2 year terms on the Mozo database is Heartland bank at 4.90% p.a. and 4.50% p.a, but it comes at a minimum deposit of $25,000!So are there any low minimum balance term deposits, and can you get a good rate from them?

2 weeks ago | mozo.com.au | JP Pelosi |Jasmine Gearie |Cameron Thomson

LiveMozo’s live blog – Day of April 11Stay on top of the latest in Australian banking. See interest rate changes, get news and product updates, follow market insights and read our expert analysis. 4:00pm Friday 11 AprNAB cuts fixed home loan rates by up to 55 basis pointsNAB has slashed up to 0.55% off its fixed rate home loans as we inch closer to the Reserve Bank of Australia’s (RBA) next meeting in mid-May, and its rates are now giving some smaller lenders a run for their money.

2 weeks ago | mozo.com.au | Cameron Thomson

Economic uncertainty partly caused by recent tariffs has seen big drops in the stock market this week. As you would expect, people are understandably anxious about their cash. But what about savings accounts? Are they still a good option in this kind of environment? Or is fixing your rate perhaps better? Let’s have a look. Why savings accounts remain a good optionIf your number one concern is safety, then savings accounts are one of the best places to keep your cash.