Unemployment and Low Savings Driving Greater Sydney “Shadow Pandemic” of Financial Stress
A recent poll conducted by Savvy of 1002 Greater Sydney residents living in COVID-19 lockdown restrictions shows a “shadow pandemic” of financial stress plaguing Greater Sydney, driven by unemployment, underemployment, and rapidly depleting savings – 10% of respondents saying they have $1,000 or less in savings, 9% have $500 or less, while 8% stated they […]
High Interest Savings Accounts
Saving up can be difficult to do effectively, so finding the right framework to allow you to do so is the first big step in the process. One such method is by opening a high interest savings account, which is a great way for users to save up their funds and earn extra money in […]
Transaction Accounts vs Savings Accounts
Savings and transaction accounts are designed for two different purposes, but in a world of online banking it can sometimes be hard to distinguish the differences between the two. The easiset way to think of it is with the name. Transaction means incurring an expense, it’s where you spend your money. Savings account is where […]
Joint Savings Account
Opening a joint savings account with a significant other is a big step in any relationship. A joint savings account can be a great way of hitting your savings goal with your partner or another close person in your life. Just as you would when buying a car or a house with your partner, it’s […]
Savings Goal Calculator – How Much To Deposit
Plan to achieve your financial goals Achieving your financial goals is all about planning in advance for your future needs. Savvy’s savings goal calculator is a useful tool in your financial toolbox, as it’ll help you calculate how much you need to put away per pay period in order to achieve your savings goal. Compare […]
Kids Savings Accounts
Finding the perfect savings account for your child can be the first step they take into the world of managing their finances. Setting them up with an effective account by the time they reach adulthood and are ready for financial independence can give them the leg-up that many young Australians are looking for. Read more […]
Income Gross Up Calculator
Calculate your grossed-up income Gross income is what you earn before tax and any other deductions are made. If you’re unsure what your gross salary is and need to know, you can crunch the numbers using this handy income gross up calculator. How to use the income gross up calculator Using the income gross up […]
Savings Calculator
Plan your financial goals with Savvy’s savings calculator today Making regular deposits into a savings account requires discipline and motivation. Boost your savings enthusiasm by entering information into Savvy’s easy-to-use savings goal calculator and watch how your savings can grow over the years. Compare savings accounts Are you looking to grow your savings? Compare […]
