At a time when inflation is tightening household budgets, savers who are managing to sock away a few extra dollars may not be getting the full benefits of rising interest rates.
Figures show there’s hundreds of billions of dollars sitting in transaction and savings accounts earning little to no interest, meaning consumers are missing out on a chance to grow their savings.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/topic/interest-rates
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia
