Your bank is paying you 0.05% and hoping you don't check

A mate told me last week he'd finally "moved his money to a high-yield account".
4.5%, he said. Proud.

I asked him to check the actual rate on his statement.

It was 0.05%.

The 4.5% was an introductory rate. Four months. After that, it drops to "standard"
without warning. He'd been earning nothing for two years.

This has a name. It's called drip pricing. Banks know 93% of customers never check
after the intro period ends. So they price loud, hide the drop, and keep your money
earning them money.

Rule
Your savings account is only as good as its rate on the day you check. Not the day
you signed up.

Action for this week
Log into your savings account. Find the actual current interest rate, not the one
on the ad. If it's under 4%, you're leaving money on the table.

Next week
The 6% rule that decides if you should pay off debt or invest.

- - -

Know someone who banks with the big four? Forward this.

P.S. Reply with your current savings rate. I'm building a public list of what
Aussie banks are actually paying in 2026.