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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.
Disclaimer
This article is over two years old, last updated on July 13, 2010. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent savings accounts articles.
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5.75%
intro 4 months then 4.40%
4.40%
Not applicable
- 2024 Award Winner
- Intro offer rate
- Online banking
5.00%*
0.05%
*Deposit $20+ & make 5 purchases on a linked Ev...
- 2024 Award Winner
- Bonus interest with conditions
- App banking
- Online banking
- Linked account required
5.25%
intro 4 months then 3.25%*
Not Applicable
*Deposit at least $50 and make and no withdrawa...
- Bonus interest with conditions
- Intro offer rate
- App banking
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5.20%*
2.00%
*Make a deposit and make 5+ purchases on your W...
- 2024 Award Winner
- Bonus interest with conditions
- App banking
- Online banking
- Linked account required
Product database updated 25 Apr, 2024
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