This five-minute banking switch could put $800 back in your pocket

Australians risk losing $800 by keeping savings in low-interest bank accounts, with the country’s big four banks holding nearly $370 billion in such accounts. Currently, high-interest savings options yield over 5 percent, significantly outpacing zero-interest alternatives. Experts urge individuals to review their accounts to maximize potential earnings and combat bank profit strategies.

Summary by Glance · Brisbane Times