- In the form of an annualised interest rate
- Usually offered for a limited period of time
- Come with conditions or restrictions
- Are usually awarded on top of a base interest rate.
There are some savings accounts which offer a bonus rate and have a minute or no base rate. This can make the savings account appear more attractive however, if the bonus rate only lasts for a few months or involves tight restrictions to your cash; it may not be an ideal savings account for you. That is why it is so important to compare savings accounts at RateCity and check the bonus rate features and conditions.
The table below lists some of today's best interest rates for online savings accounts.