The Age
·general
·3 hours ago
This five-minute banking switch could put $800 back in your pocket
On June 16, 2026, experts highlighted that Australians miss out on $800 by keeping savings in low-interest accounts. The big four banks hold nearly $370 billion in such accounts, benefitting from customers' inaction. Behavioral economics contributes to this trend, with many unaware that switching accounts could yield significant long-term savings.
Summary by Glance · The Age
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