Money Magazine

Track down the best savers

I was 18 when I opened my first savings account. I had just got confirmation that McDonald’s at Circular Quay would be delighted to train me as a “crew member”. They wanted all my personal details, including my bank account, where they would deposit my fortnightly wages.

To someone who had for a long time relied on the Bank of Mum

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Fact File
• $846m: This is how much flowed into the iShares Core S&P/ASX 200 ETF during September. • 20% of investors under the age of 25 hold an ETF. • 8% of investors under 25 bought an ETF as their first investment. • 16% of investors under 25 bought an ETF