Customers Are Unaware of What Savings Accounts Offer

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Savingsaccounts.com.au is expanding its reach due to research that suggests the public is unaware of what saving accounts can offer them. Considering how many people use savings accounts as their sole financial tool, awareness of interest rates is necessary for good financial health.

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Even those who are skilled at budgeting in order to maximise their savings may not be aware that they can experience further growth on their wealth without risk by simply choosing a better savings account.

Recently, research conducted by the Post Office, a UK research company, found that almost a third of people in Britain were unaware of the interest rate on their savings account.

Savingsaccounts.com.au, an independent reviewer of Australian bank accounts, is responding to this by expanding the reach of their site to help consumers to better understand what savings accounts in Australia can offer.

Chris Shadforth, head writer for the site, says, "It's important that people know more about what they can gain awareness of their savings account. Interest can seem insignificant in the short term, but over time it makes a massive difference."

The site offers frequent articles on improving financial ability and information on getting the most from savings accounts. It's a valuable tool for the average person looking to take their savings to the next level, while also helping consumers make better choices in savings accounts. "We're currently expanding our writing team in order to get more information out there on savings accounts. It's a very exciting time, and we hope to reach a much wider audience very soon," says Mr. Shadforth.

With sites like this, Australians do not need to spend time keeping track of the best deals on savings accounts as they can be conveniently kept up to date. Australian consumers who want to get the most from their savings should remember to search online for the best deals on savings accounts.

Savings accounts are the most important financial products that the average person uses, yet so many consumers are unaware of what they can and should offer. "It is quite usual for someone to merely choose savings accounts based on what friends or family have used in the past, rather than through research into the best savings account interest rates or the security of online savings accounts," says Shadforth. "Even those who are skilled at budgeting in order to maximise their savings may not be aware that they can experience further growth on their wealth without risk by simply choosing a better savings account."

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Peter Andronicos
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