A consumer savings account is an account offered by financial institutions for customers wanting to deposit money and receive a higher interest rate than transaction accounts. Savings accounts are traditionally opened and managed by the customer in a bank but there are a number of institutions that offer online savings accounts, which are fast becoming more popular. Funds in a savings account are easily accessible and can be withdrawn at any time.
Put your money into a savings account and start earning interest today. For a list of RateCity's high interest savings accounts check out the table to the right.