Online Savings Accounts
- Higher interest rates than debit accounts
- Some offer bonus interest with strict conditions such as no withdrawals and a minimum regular deposit
- They do not provide Eftpos cards so there is no access to your money from ATMs
- Transferring your savings back to your debit account usually takes three to five business days
- Set up an automatic savings plan to have your money regularly deposited into your online savings accounts without the need to manually transfer your money around.
The table below displays some of the highest interest rates for today's best online savings accounts.