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Are you a financial grown up?

Money is one of the things that makes us adults, but are you really a financial grown up, or do you just pretend?

Responsible money management is one of the things that makes successful adults. Yet so many people still treat their money like they’re teenagers, and whatever they want will somehow magically appear without them trying. This attitude can cause big problems later on in life. So we’ve come up with a handy quiz to test your financial age and find out once and for all if you’re a financial grown up.

Financial Grown Up

Speak to a financial planner today

Rates last updated June 21st, 2018
Details Features
Commonwealth Financial Planning
Commonwealth Financial Planning
Book an obligation-free conversation with a financial planner today. You can meet in person, over the phone or via video conferencing to discuss your financial goals. A financial planner can help you:
  • Maximise your super
  • Protect your family and lifestyle
  • Start investing or optimise an existing portfolio
  • Plan for retirement
Go to site More info

What do I need?

All you'll need is somewhere to record the number of points you earn. It can be anything - from a pen and paper, your hand, or your phone.

The results

  • If you scored between 8 - 10 points

Congratulations. You’re a financial grown up. You know that the more you know your money the better off you are. You’re disciplined and methodical and it will pay off in the end.

We recommend that you take our Money Savvy Challenge and pledge money to charity.

  • If you scored between 5 - 8 points

You’re a financial twenty-something. Your money is under control, but you haven’t covered all of the bases. You’ve begun to realise the importance of planning and preparation, but haven’t quite mastered the discipline it takes to be an adult. That’s okay though, you’re well on your way.

  • If you scored between 3 - 5 points

You’re a financial teenager. You still live like nothing is ever going to change. You haven’t yet figured out that money is a finite resource, and what you do with yours now is going to determine what you can do in the future. Maybe it is time to grow up a little bit.

  • If you scored between 1 - 2 points

Oh no! You’re a financial toddler. You treat money like life is a game of Monopoly and believe that whatever happens, you’ll somehow be okay in the end. Maybe it is time to examine some of your money choices, identify some of your goals and make a plan to attain them. Otherwise, you could be left sucking your thumb.

We recommend that you sign up for our 12 Week Financial Challenge to help you improve your finances.

Is it time to review your finances? Compare savings accounts below to get started

$
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Monthly Account Fee
RaboDirect High Interest Savings Account
Introductory rate of 3.05% p.a. for 4 months, reverting to a rate of 1.80% p.a. Available on balances below $250,000
3.05% 1.80% 1.25% $0 $0 / $1 Go to site More
ING Savings Maximiser
Ongoing, variable 2.80% p.a. when you link to an ING Orange Everyday bank account and deposit $1,000+ each month and make 5+ card purchases a month. Available on balances up to $100,000.
2.80% 1.15% 1.65% $0 $0 / $0 Go to site More
Bankwest Hero Saver
Ongoing, variable 2.60% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
2.60% 0.01% 2.59% $0 $0 / $0 Go to site More
CUA eSaver Boost Account
Ongoing, variable 2.75% p.a. when you make a total deposit of at least $250 and no withdrawals in a calendar month. Available on balances up to $500,000.
2.75% 0.25% 2.50% $0 $0 / $1 Go to site More
Bank of Queensland WebSavings Account
Introductory rate of 2.90% p.a. for 4 months, reverting to the standard rate of 1.30% p.a. Available on balances up to $5,000,000 and subject to approval above this balance.
2.90% 1.30% 1.60% $0 $1 / $1 Go to site More
Bank Australia Bonus Saver Account
Ongoing, variable 2.60% p.a. when you deposit at least $100 and make no withdrawals. Available on the entire balance.
2.60% 0.15% 2.45% $0 $0 / $1 Go to site More
AMP Saver Account
Introductory rate of 2.55% p.a. for 4 months, reverting to a rate of 2.10% p.a. Available on balances below $5,000,000.
2.55% 2.10% 0.45% $0 $0 / $0 Go to site More
HSBC Serious Saver
Introductory rate of 3.00% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $1,000,000.
3.00% 1.60% 1.40% $0 $0 / $0 Go to site More
AMP Bett3r Account - Save Account
Earn a competitive, ongoing rate of up to 2.25% p.a. and set personal savings goals. Receive linked Pay and Spend accounts to help manage your money effortlessly.
2.25% 1.50% 0.75% $0 $0 / $0 Go to site More
RaboDirect High Interest Savings Account (SMSF)
Introductory rate of 2.70% p.a. for 4 months, reverting to a rate of 1.90% p.a. Available on balances below $250,000
2.70% 1.90% 0.80% $0 $0 / $0 Go to site More
HSBC Flexi Saver Account
Ongoing, variable 2.50% p.a. when you deposit $300+ each month (other conditions apply). Available on balances up to $5,000,000.
2.50% 1.25% 1.25% $0 $0 / $0 Go to site More
Citibank Online Saver
Introductory rate of 2.85% p.a. for 4 months, reverting to a rate of 1.70% p.a. Available on balances below $500,000.
2.85% 1.70% 1.15% $0 $0 / $0 Go to site More
Westpac Life
Ongoing, variable 2.30% p.a. each month you deposit money, and make sure your balance is higher at the end of the month than it was at the beginning. No monthly account-keeping fee.
2.30% 1.50% 0.80% $0 $0 / $0 Go to site More
RaboDirect SMSF PremiumSaver
Ongoing, variable 2.15% p.a. when you link to an RaboDirect High Interest Savings Account and increase your balance by $200+ each month. Available on balances up to $250,000.
2.15% 0.90% 1.25% $0 0 / $0 Go to site More
Rates last updated June 21st, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
NAB Classic Banking
Visa
$0
$0
Impressive digital perks.
$0 monthly account fee.
Tap and pay with your NAB Visa Debit card, NAB Pay for Android or NAB PayTag for iPhone. Temporarily block your card at the touch of a button if you lose it.
ING Orange Everyday Account
Visa
$0
$0
$75 cash bonus.
$0 monthly account fees.
Receive a $75 cash bonus if you open a new Orange Everyday account, enter the promotional code and deposit at least $1,000 within a calendar month and make 5+ card purchases (T&Cs apply). Get a competitive ongoing variable rate when linked with an ING Savings Maximiser.
HSBC Everyday Global Account
Visa
$0
$0
No foreign ATM or transaction fees.
$0 monthly account fee.
Enjoy no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies.
NAB Classic Banking with Platinum Visa Debit Card
Visa
$0
$0
$10 cashback on contactless purchases, $0 foreign transaction fee and complimentary travel insurance.
$10 monthly account fee.
Receive $10 cashback when you spend $1000 on contactless purchases. Complimentary travel insurance, transport accident insurance, purchase protection insurance and more when you meet eligibility criteria.
Bankwest Easy Transaction Account
Mastercard
$0
$0
No ATM fees when using a major bank ATM Australia-wide
$0 monthly account fee.
Enjoy no minimum ongoing balance or transaction requirements. Upgrade to a Platinum Debit Mastercard when you deposit $4000 per month to enjoy exclusive benefits including 24/7 Platinum concierge service, Worldwide Purchase Security Protection and Extended Warranty.
AMP Bett3r Account - Pay Account
Visa
$0
$2,000
Manage your budget effectively with a bundle of accounts.
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month from a source that is not another AMP bank account. Enjoy linked individual Pay, Spend and Save accounts to reach your savings goals.
HSBC Day to Day Transaction Account
Visa
$0
$0
Open an account and easily switch your regular payments over from your current bank.
$0 monthly account fee.
Through your linked Visa debit card, you can access exclusive shopping, travel and restaurant deals here and abroad through HSBC's home&Away Privilege Program.
MyState Everyday Account
Visa
$0
$2,000
A flexible option for day-to-day spending.
$6 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month or are 23 years or under. Apple Pay, Google Pay, Samsung Pay available.
Bank of Melbourne Complete Freedom
Visa
$0
$2,000
$50 cash back bonus.
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month, are under 21 or if you meet other eligibility criteria.
Open a new account by June 29, deposit $500 in the first 45 days ($250 for students & under 21s) and get $50 cash back. T&C's apply.
St.George Complete Freedom Account
Visa
$0
$2,000
$50 cash back.
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month, are under 21 or if you meet other eligibility criteria.
New customers get $50 cash back. Open a new account by June 29 & deposit $500 within the first 45 days ($250 for students & under 21s). T&C's apply.
ANZ Access Advantage
Visa
$0
$2,000
Pay with Apple Pay, Google Pay & Samsung Pay.
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month, are under 25 or if you meet other eligibility criteria.
BankSA Complete Freedom Account
Visa
$0
$2,000
Get $50 cash back.
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month, are under 21 or if you meet other eligibility criteria.
Get $50 cash back when you open a new account by June 29 and deposit $450 within the first 45 days ($250 for students and under 21s). T&C's apply.

Compare up to 4 providers

Rates last updated June 21st, 2018
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. Min Deposit Interest Earned
Citibank Term Deposit
2.60%
-
2.80%
3.00%
-
-
$100,000
Firstmac Term Deposit
2.55%
-
2.75%
2.65%
2.75%
-
$5,000
UBank Term Deposit Account
2.60%
2.70%
2.75%
2.64%
-
-
$1,000
RaboDirect Term Deposit
2.30%
-
2.50%
2.50%
2.70%
2.90%
$1,000
MyState Bank Online Term Deposit
2.55%
2.35%
2.76%
2.75%
2.80%
-
$5,000
RaboDirect Term Deposit (SMSF)
2.30%
-
2.50%
2.50%
2.70%
2.90%
$1,000
BCU Term Deposit
1.25%
0.71%
1.40%
1.45%
2.55%
1.80%
$1,000
Bankwest Online Term Deposit
2.35%
1.50%
2.60%
2.65%
2.60%
2.60%
$1,000

Compare up to 4 providers

Rates are displayed for the terms and minimum deposit sizes listed in the table above. The rate you receive could vary depending on your deposit size and interest payment frequency.

Shirley Liu

Shirley Liu is a program manager at finder, formerly the publisher for Banking and Investments. She is passionate about helping people make an informed decision, save money and find the best deal for their needs.

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Related Posts

Savings Account Offers

Important Information*
RaboDirect High Interest Savings Account

Maximum Variable Rate

3.05

Standard Variable Rate

1.80
Bankwest Hero Saver

Maximum Variable Rate

2.60

Standard Variable Rate

0.01
Bank Australia Bonus Saver Account

Maximum Variable Rate

2.60

Standard Variable Rate

0.15
Citibank Online Saver

Maximum Variable Rate

2.85

Standard Variable Rate

1.70

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