Original article by Sally Patten
The Australian Financial Review – Page: 6 : 5-Aug-16
Australian savers who may need to access their money at short notice are advised to opt for cash deposits. According to comparison website Canstar, the average interest rate on the major banks’ six-month deposits has declined to 2.11 per cent, from 5.44 per cent in 2010. Those seeking higher returns should consider investing in corporate bonds and hybrid securities. Scott Farmer, of Bravium Financial Planning, says the rates of return in these two asset classes range from four per cent to 6.5 per cent.
CANSTAR PTY LTD, AFFINITY PRIVATE PTY LTD, BRAVIUM FINANCIALPLANNING, HEWISON PRIVATE WEALTH
Original article by Jonathan Shapiro
The Australian Financial Review – Page: 21 : 22-Jun-15
The Reserve Bank of Australia’s policy of reducing interest rates was intended to encourage consumers to spend. However, ANZ Bank economists have concluded that people nearing retirement are in fact saving rather than spending. They also note that older Australians are also saving more as a result of uncertainty concerning superannuation policy.
RESERVE BANK OF AUSTRALIA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ
Original article by Roy Morgan Research
Market Research Update – Page: Online : 30-Oct-14
Roy Morgan Research’s latest Young Australians Survey has found that 74 per cent of Australians aged 6-13 currently have personal savings, which total $A653m. The survey, which was carried out in the year to June 2014, also shows that the average amount saved by Australians in this age group is $A285, while 21.2 per cent have savings of less than $A50 and 10.2 per cent have savings of $A1,000 or more
ROY MORGAN RESEARCH LIMITED, HERITAGE BANK LIMITED – ASX HBS, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB