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High Interest Savings Accounts
For the latest high interest savings accounts, make sure you compare online at RateCity to find a deal to match your saving style. Choose from an extensive range of high interest savings accounts that has been compiled by CANSTAR CANNEX.
When looking for high interest savings accounts, there are few things you need to remember. Firstly, make sure you compare the interest rates and find out the breakdown of the rates, whether they include promotional rates and bonus rates. A promotional rate usually doesn’t come with tight conditions like bonus rates, but are usually for new customers only and most of the time they expire after a certain period. Many high interest savings accounts promote bonus rates frequently, meaning that once a bonus rate promotion ends, another will take its place. They almost always come with conditions to qualify for the extra interest on top of the base rate including a minimum deposit amount per month as well as a limited number of withdrawals each month. What this means is if you don’t meet the minimum required amount of deposit or make too many withdrawals you won’t receive the bonus interest for that month.
Refer to the table above to see a range of high interest savings accounts on the market right now.