An extra $77 billion has been put into bank accounts in Australia since the credit crunch, according to recent figures.
Since the credit crunch there has been an additional $77 billion put in to Aussie bank accounts, latest figures show.
Findings from the Australian Prudential Regulation Authority (APRA) have revealed that this extra cash has come from a 20 per cent increase in household deposits, the Daily Telegraph reports.
The publication noted that lenders' margins have been reduced following a battle between "sweet" interest rate levels for households.
And analysts from Morgan Stanley have stated that it will be more difficult for regional banks to grow their market share due to a slower than expected deposit growth at financial institutions.
They added: "Competition has intensified further in the last year due to APRA's proposed liquidity standards and deterioration in global credit markets during the June quarter."
This news comes after Bina Brown, writing for the Sydney Morning Herald, noted earlier this month that potential homebuyers of the future should put money into savings accounts in preparation for their purchase.
By Emma North
