SAVINGS ACCOUNTS

News, info and tips to help you save smarter

High interest rates

When it comes to savings the higher the interest rate the better. This rule also applies to the amount of money you invest into your savings account. The more regularly you contribute to your savings and the more you accumulate, the more your money will grow with interest.

Savings accounts with high interest rates are designed to boost your savings. High interest savings accounts such as online savings accounts allow you to deposit money on a regular basis while you earn a high interest rate so that you can save more and reach your savings goals sooner.

Most financial institutions offering high interest rates usually do so for a limited time only at which point the rate will revert to a lower rate. There may also be certain terms and conditions attached to these types of accounts, such as minimum deposit amounts, so make sure you read the product disclosure statement (PDS) before deciding to open up the account.

To grow your wealth today, compare high interest savings accounts and follow our news articles to get the latest savings tips.

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 providers and 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. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.