This five-minute banking switch could put $800 back in your pocket

On June 16, 2026, experts highlighted that Australians miss out on $800 by keeping savings in low-interest accounts. The big four banks hold nearly $370 billion in such accounts, benefitting from customers' inaction. Behavioral economics contributes to this trend, with many unaware that switching accounts could yield significant long-term savings.

Summary by OZbrief · The Age