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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, for further details refer to our FSCG. 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.

Interest Rate

When you borrow money from a financial institution you will be charged an interest rate set by the lender. In this circumstance, an interest rate is a percentage of the sum of money borrowed and compounded over one year. On the opposite hand, if you deposit money into an account, whether it is your everyday debit account or a savings account, you will earn money from an interest rate because the financial institution uses your money to fund its lending division or invests it to grow their business. The more you deposit, the more interest you earn, and the more you borrow, the more interest you will generally have to pay.

The table below lists the best interest rates for cash management trust accounts.

See all Savings Account Articles
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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.