Bank accounts and the first home buyers grant increase
Wednesday October 15, 2008
Yesterday the Rudd government announced its plan to protect the Australian economy during the current financial crisis. One of these moves was to increase the first home buyers grant. So if you've set up bank accounts to help you save for your first home, your patience may be rewarded.
With the first home buyers eligible for grants up to $21,000 until 30 June 2009, now is the time to set up high interest savings accounts. If you start saving heavily for your first home now, you can soon benefit from the first home buyers grant increase.
Online bank accounts can often be useful in saving as they offer higher interest rates. If you leave your savings in your everyday transaction bank account, you probably won't earn as much interest on your money.
Compare bank accounts and find the right savings accounts and bank accounts to help you save for your first house.
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