Share:
Print:
Register for the RateCity Newsletter! Register
RateCity takes your privacy seriously. Please check out our Privacy Policy for more information. We won't sell your personal details to anyone else, and you can un-subscribe at any time.
Advertisement

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. 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.

Bonus Rates

Many savings accounts offer bonus rates also known as bonus interest to entice customers to save more money and make fewer withdrawals. The features of bonus rates are:
  • 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.

See all Savings Account Articles
Advertisement

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.