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Ace Business Desk

Australias Banks Sitting on Billions in ‘Customers Savings’ That Do Not Grow With Interest Rate Hikes

Ace Business Desk – In short: The big four banks’ annual reports show they are sitting on billions in customers’ money that is not earning interest. Consumer advocates fear stringent conditions attached to high-interest savings accounts contribute to a broader issue: By business reporters Adelaide Miller and Jasper Wells Published: Sun 1 Nov 2026 at 5:00am What’s next? […]