Friends With Money #154: Boost your savings - Find the perfect account

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Australians have $1.5 trillion stashed away in deposit accounts, but are we losing out by settling for subpar savings rates?

This week on the Friends With Money podcast, Money's Tom Watson is joined by Rachel Wastell, personal finance expert at Mozo, to chat about setting yourself up for savings success.

  • Have banks passed on cash rate hikes to savers?
  • What are the highest savings account rates around?
  • Why are some savers reluctant to switch banks?
  • How can you choose an account that suits your needs?
  • How safe is money in the bank?

friends with money 154 boost your savings

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney.

Rachel Wastell is the media spokesperson for She holds a Bachelor's degree in Media and Communications. With more than a decade of experience in the communications industry, Rachel regularly provides expert commentary and financial news to mainstream media including SBS News, Sunrise, 7News, ABC News, 2GB and more.