logo
episode-header-image
Apr 2024
16m 42s

Your savings account should be paying 5%

Equity Mates Media
About this episode

When's the last time you checked your savings account?


After years of not getting a decent interest rate, the rapid rise in interest rates over the past couple of years means there are some great deals out there. In this episode we share the best we could find. If you're not getting 5%, it may be time to move.


In this episode we cover:

  • Top 5 savings accounts with no gimmicks
  • Top 5 savings accounts with honeymoon rates
  • Top 5 savings accounts overall


Links mentioned:


Have a money or investing question? Ask via our website


—------


In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 


—------


Get Started Investing is a product of Equity Mates Media. 


This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. 


Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. 


Equity Mates Media operates under Australian Financial Services Licence 540697.


Hosted on Acast. See acast.com/privacy for more information.

Up next
Jul 7
How much money do you need to start investing?
"I don’t have enough money to invest.” We hear this a LOT. It’s a common misconception that to be an investor, you have to be earning a high income or have a chunk of spare cash, but that’s not true at all. In this episode we teach you how to get started investing on any budget.W ... Show More
17m 35s
Jul 3
We have a big announcement
One of the biggest episodes in Equity Mates history. We have an exciting announcement to share. It means big things for the future of Equity Mates and our mission to make financial literacy and investing more accessible to all Aussies. Don't worry, we’re not going anywhere. In fa ... Show More
16m 12s
Jun 30
Could you be getting more for your savings? Australia’s best savings accounts - July 2025
Chances are that right now, you have some amount of cash tucked in a savings account. But when was the last time you checked if it’s working hard enough?In this episode, we take you through the top 5 savings accounts on offer right now in Australia. With two interest rate cuts, t ... Show More
15m 3s
Recommended Episodes
Apr 2023
Ask an Adviser: Jacob McCudden "Should I be paying off my HECs faster?"
We know financial advice is expensive, but over 70% of Equity Mates feel they would benefit from having one. The ‘Ask An Advisor’ series is designed to bring the advisor to you, to give you the opportunity to ask your questions. Today we chat to Jacob McCudden - Certified Financi ... Show More
39m 18s
Mar 2022
Should You Put Your Money in a Crypto Savings Account
If you’ve taken a peek at the interest rate you are earning in your savings account you probably shed a tear or two. It feels like any savings account in this low-interest-rate environment is doomed to earn very little interest. What about crypto savings? They are earning on aver ... Show More
36m 19s
Sep 2022
Tips from two top financial advisors | Talk Money to Me crossover
Bryce & Alec are joined by the podcast hosts from Talk Money To Me, Candice & Felicity.Candice Bourke and Felicity Thomas are financial advisors at Shaw & Partners and hosts of Talk Money to Me podcast. Candice is a Senior Investment Adviser and Felicity is a Senior Private Wealt ... Show More
43m 45s
Mar 2023
Expert: Chris Joye - Mortgage holders are in for the mother of all shocks
We're joined by returning guest - Coolabah Capital portfolio manager - Chris Joye. According to recent analysis by the Australian Bureau of Statistics - at a cash rate of 3.6% - 15% of all Australian borrowers are at risk of default. So, with the RBA continuing to raise interest ... Show More
55m 5s
Sep 2021
Choosing a Brokerage Account | Where Do I Start?
Are you trying to decide what brokerage account to open and don't know where to start? In this episode of The Australian Finance Podcast, Kate and Owen dive into the world of brokerage accounts, and unpack some of the key features they might offer. We cover what brokers and broke ... Show More
50m 10s
May 2022
Compare the Pair: Warren Buffett + Cathie Wood are both buying again
Bryce & Alec describe what they are doing with their own individual holdings during this time of turmoil in the markets, preparing for tax, and simply looking to cut-losses to re-allocate funds.Then the conversation shifts to two of the smartest investors on the globe, Warren Buf ... Show More
41m 53s
Jun 2022
ASX Market Darlings - What their valuations tell us
It's not only the big American stocks that have taken a battering lately. Some of our local Australian 'market-darlings' have also taken big hits. So in today's episode, Bryce and Alec run through some company valuations and discount cash-flows (and reverse discounted cashflows) ... Show More
47m 44s
Dec 2023
Ask HTM - Down Payment vs Investing, Financial Calculators FTW, & the Best High Yield Business Account #757
Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guid ... Show More
56m 18s
Apr 2023
What is stressing you out financially right now?
We're welcoming Maddy from You're In Good Company to the studio to run one of our segments today - a segment inspired by the Imperfect's Vulnerabilitea House. For those who don’t know, podcast hosted by Hugh Van Cuylenberg founder of the Resilience Project, his brother Josh Van C ... Show More
43m 58s
Jul 2021
Crypto Savings Accounts: Are They Hype or the Best Place for Your Savings with Robert Farrington
If you’ve taken a peek at the interest rate you are earning in your savings account you probably shed a tear or two. It feels like any savings account in this low-interest-rate environment is doomed to earn very little interest. What about crypto savings? They are earning on aver ... Show More
34m 49s