Bank Accounts

Bank Savings Account

Everyone needs a savings account, but a lot of people are paying too much in fees. All banks offer a savings account, but there is a great variation in interest offered and transaction fees associated with its usage. You should think about what your needs truly are, and find a savings account that works for you.

High Interest Bank Accounts

Bank	Product	Interest Rate	Min. Opening Balance	Apply	More Info
	St.George Direct Saver	5.75%³	$1+	Apply
	ANZ Online Saver	5.50%¹¹	$1+	Apply
	St.George Power Saver	5.50%¹⁰	$1+	Apply
	NAB iSaver	5.40%⁵	$1+	Apply
	HSBC Online Savings	5.00%²	$1+	Apply

1. Get 4.50% p.a. variable each month you make no withdrawals, or a Standard Rate of 3.00% p.a. variable if you do.
2. 5.00%p.a. interest on balances greater than $5,000 until 1 July 2010*.
3. Enjoy a fixed bonus rate of 1.55%p.a. above the standard Direct Saver variable rate (4.20%p.a. on 5 March 2010), for 4 months when you open a Direct Saver account before 30 June 2010.
4. 5.25%p.a.*^ until 15th March 2010 for new to HSBC funds in new Serious Saver accounts opened between 7 September 2009 and 29 December 2009.
5. Earn up to 5.40%p.a. interest for 4 months. Standard interest rate, currently 3.75% p.a. Offer ends 13 April 2010.
10. Enjoy a fixed bonus interest rate* on top of your standard variable Power Saver rate for 4 months when you open a new Power Saver account between 1 March 2010 and 30 June 2010 and deposit only new funds to St.George Bank^
11. Bonus promotional variable interest of 1.25% p.a. is added to ANZ Online Saver standard variable rate, which as at 5 March 2010 is 4.25% p.a. Rate is subject to change. Terms and conditions, fees and charges apply.

You need a savings account. Even if you have a diversified portfolio of investments earning for you, you still need a savings account to cover the little emergencies of everyday life. But what type of savings account is right for you?

Generally unlimited transaction accounts are the way to go, while it doesnt seem like you will do many transactions they add up. The best solution is to get an account that allows you to use the atm whenever you like, pay with eftpos all with a fixed monthly cost. These accounts typically have low interest but with the increasing competitiveness of the market some providers are offering 6% interest at call on unlimited transaction accounts. It pays to shop around.

These days there are many online saving accounts available. These can be a great addition to your everyday bank account as they provide high interest and usually dont charge any fees. You can transfer money to and from your higher interest online account as and when you need it.

As your level of savings grows, the bank account you place your money in becomes more important.

Set a savings goal, it could be something small, it could be something big. A holiday, a new car, a new house! Open up a no fee, high interest online saving account today just for that purpose. Then transfer some money every week into the account, before your know it that savings goal is a lot closer.

Savings is the key to financial success and stability. Dedicated saving can help you can reach your financial goals. It is important to learn to save at the earliest possible age even though usually it takes many years of being an adult before you learn.

Bank Accounts

Important Information: Reasonable efforts are made to maintain accurate information. However, information is presented without warranty. When you click on the "Apply" or "Details" link you will have an opportunity to review the terms and conditions on the issuer's web site. Please consider the Product Disclosure Statements available from the issuer before deciding on any of these products.

Bank-accounts.com.au regularly checks leading bank account offers online, compiles a list and places these products in order of interest paid for high interest online savings accounts and term deposits. For everyday bank accounts they are in list format and not ranked in any order.

Bank-accounts.com.au receives revenue from the issuers listed in the above tables if a visitor to our site completes a secure online application on the issuer's web site.

Special offers on Savings Account Products.
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