Skip to content

Episode 21 - Money Diaries #1 What Are Interest Rates and How Do They Work

Welcome to our first episode of Money Diaries, a segment where we break down our listeners’ money concerns and provide you with the skills and resources to help you overcome your money problems. Today’s money diary is from one of our Listeners, Andrea. Andrea is having difficulty understanding interest rates, despite knowing it is a simple concept for some. She opened up a savings account where she is saving for her first house deposit. She thought she was getting the best rate for her savings, however her calculations were wrong and now she feels unsure, confused, and disheartened with the process. Come join Giulia and Amie as we break down the barriers and Jargon of interest rates.
 

For more content join Amie & Giulia on Instagramor on Tiktokor Twitter and join us in conversation on Facebook group Equity Gals. If you have any questions for the show, please email us at hello@equitygals.com.

Disclaimer: Equity Gals gives readers and listeners access to information and educational content provided by a range of financial services professionals. Equity Gals does not operate under an Australian Financial Services Licence (AFSL) and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. Any information or advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. You should consider whether this information is appropriate for you. Equity Gals has commercial relationships with some of its contributors. All information contained at EquityGals.com and on any podcast of Equity Gals is for education and entertainment purposes only. It is not intended as a substitute for professional financial, legal or tax advice. The hosts of Equity Gals and any contributors to EquityGals.com are not financial professionals and are not aware of your personal financial circumstances. Before making any financial decisions, you should read the Product Disclosure Statement (PDS) and, if necessary, consult a licensed financial professional.