Consumer Corner: What are your savings options?

Savers with the main banks have not seen much benefit from interest rate increases but that is starting to change and there are other options to consider

While it’s always a good idea to have a rainy day fund, if you’re carrying debt, it makes sense to reduce it as much as possible in the current interest rate environment.

Mortgage rates have been tracking higher for months, but if you have money to save, you haven’t seen much value in the market. That’s starting to change.