COVID-19 fattens wallets as Australians embark on saving spree in lockdown

Australians ramped up their saving efforts during the coronavirus pandemic and saw their bank accounts swell, according to national data released by Bankwest on Wednesday. Analysis of savings account data from the end of March to mid-May found median balances were up 45 per cent from the pre-COVID period and up 56 per cent year-on-year.