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Banks holding billions as savers miss out on rate rises

Original: Banks sitting on billions in savers' money as interest rates rise By Adelaide Miller and Jasper Wells Four interest rate

Four consecutive interest rate hikes have added hundreds of dollars to monthly mortgage repayments, but savings accounts have not seen matching gains, according to reporting by Adelaide Miller and Jasper Wells. The analysis finds banks are pocketing the difference, sitting on billions of dollars belonging to savers while passing rate increases to borrowers far faster than to depositors.

Why now: New analysis quantifies how banks are profiting from the gap between rising loan rates and stagnant savings rates

RBAAustralian banksAdelaide MillerJasper Wells

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Evidence

• Banks sitting on billions in savers' money as interest rates rise By Adelaide Miller and Jasper Wells Four interest rate hikes have added hundreds of dollars to mortgages each month, but the story is different for savings accounts. https://www. abc.net.au/news/2026-11-01/rba… · abcfeeds@rssfeed.media

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