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This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about Savings Accounts from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all provider sand may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. See the rating methodology We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a Savings Account, you will deal directly with a financial institution, and not with RateCity.

Automatic Savings Plan

Setting up an automatic savings plan can help you to save more and help you reach you financial goals sooner.

The way an automatic savings plan works is by setting up an automatic transfer from your everyday bank account into your online savings account. Work out how much you can spare to tuck away each pay, for example set up $200 to be transferred automatically from your pay each month to your online savings account and in one year you can save $2,400 (not including interest).

By transferring your money into your online savings account using an automatic savings plan you can earn a higher interest rate than your everyday transaction account and save more.

To find an online savings account with a high interest rate check out the table below.

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About Savings Accounts Articles

RateCity provides savings account news and features, including a range of weekly stories and economic updates. By checking our savings account news and features daily, you can ensure that you receive up to date, expert commentary on current financial and economic issues. Before you search, compare or apply for the best savings account for you, help yourself understand the market by reading mortgage news and features at RateCity.