SMH
·general
·3 hours ago
This five-minute banking switch could put $800 back in your pocket
Australians risk losing up to $800 annually by keeping savings in low or zero-interest accounts, according to a new report. Major banks hold nearly $370 billion in such accounts, which disproportionately affects consumers. Experts urge people to review their savings options to maximize interest earnings and avoid exploitation by financial institutions.
Summary by Glance · SMH
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