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Trust in big banks near record-highs | Money Management


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Trust in the big banks is near record-high levels and has climbed 19 points in the last two years as the big banks exit financial planning.
Finder’s Consumer Sentiment Tracker (CST) found that public trust in the big banks had climbed from 43% in May 2019 after the Royal Commission to 62% now.
Graham Cooke, head of consumer research at Finder, said it was interesting to see this metric change in such a consistent way. 
“The initial lockdown seemed to spur fears that smaller banks might fail and may have resulted in a jump in trust of the big banks,” Cooke said. ....

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How much Australians really have in their bank accounts in 2021 and how much you need to be rich


Finder, Canstar and ME Bank have all studied the savings rates of Australians
When it comes to being in the middle, $15,000 is the median bank savings level
Average was $28,772 based on dividing combined savings by number of people
Surprisingly, $100,000 plus was the most common level of savings in the bank
But a substantial proportion of Australians would struggle if they lost their job
Finance experts have revealed their savings, budget tips to Daily Mail Australia  ....

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