Aussie Savings Account Interest

[KhunHeineken]

On 10/17/2024 at 11:07 AM, Pattaya57 said:

So the rumour is that the RBA will drop the interest rate by 0.25% on the 5th of November

Link????

[Pattaya57]

Savings interest is good for at least another month 😀

 

"The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent for its eight-straight meeting, despite inflation falling to its lowest level in almost four years"

 

Edited November 5 by Pattaya57

[KhunHeineken]

On 11/5/2024 at 5:21 AM, Pattaya57 said:

Savings interest is good for at least another month 😀

 

"The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent for its eight-straight meeting, despite inflation falling to its lowest level in almost four years"

 

Depends if your amount of savings produces enough interest to keep ahead of inflation, doesn't it? 

 

Then, you have to consider many things are increasing in price more than the CPI.