Best Flexible Savings Account

The best flexible savings account is the one which knows your needs and spending style and flexes with you, rather than resisting your movements. It is also an account which allows you to be flexible, so if you sometimes pay your bills online, and other times you make a payment at the Post Office, a flexible savings account will be cool with that.

Features to look for in a flexible savings account:

• Low or no transaction fees on your favourite or regular transactions. 
• Access methods which suit your needs, whether they be a Visa Debit card, a credit card, an ATM and EFTPOS card or a cheque book.
• Help when you need it, either online, over the phone, online or in a branch – without being charged for that help. 
• Rewards – because something for nothing really is the best.

How to Choose the Best Flexible Savings Account

Like we’ve said, the best savings account is the one which meets your needs the best, and you are the one who knows best, what those needs are. However, we can help you match those needs, to savings account features, for example:

• Are you at school, uni, TAFE or studying? Then go for a specially designed student savings account because it will be tailored to your lifestyle. The best student transaction account will offer you unlimited ATM and EFTPOS transactions for those runs through the drivethru in the morning, when you need to scrape together the funds to fuel your car, those little purchases in your lunch hour or during free periods you’ve gone down to the shops, not to mention movie tickets, club entries and any gorgeous purchase which catches your eye in between. Plus, you’re not restricted to choosing a designated student account, as you can choose an ordinary transaction account which offers you a discount on fees while you are a student, but flexibly grows with you as you finish your studies.
• How will you be paying for that today? A question you are probably asked a dozen times a day, and your answer will help determine the flexible features you need in a transaction account. If you like to pay with cash then you need a savings account which is flexible in the ATMs you are allowed to use fee-free and gives you unlimited ATM withdrawals in a month. If you prefer the safety and ease of paying with plastic, do you want to link to a credit card and have your savings earning interest during the month while you use the credit card interest free days, or do you want the security and flexibility of a credit card without the debt and monthly repayments – then you need a savings account with a linked debit card. And don’t assume a cheque book will be included with your account so if you like to pay with cheque, check the features of the savings accounts you are comparing.
• Do you bank in person or online? There are people who know their bank tellers by name and there are other people who know their internet banking details off by heart. You know which one you are and whether you like the flexibility of talking to a real person who can help you with your banking, or you prefer the flexibility which comes with being able to bank online at any time of the day or night. There is a range of savings account to suit your needs, just make sure you choose the one with the interactions you prefer included.
• Do you want to be rewarded? Of course you do, and the best savings account will reward you just for using the account. Some savings accounts will credit you when you withdraw cash during an EFTPOS transaction, like the ING Everyday Orange Account, others will link to a Visa Debit card which rewards you with first-release tickets and discounted entertainment equipment.

How the Right Savings Account Can Help You Be More Flexible

Choosing a flexible savings account is important to help you avoid fees, and have access to your funds when you need it. However, you can enjoy added flexibility by linking your transaction account to a flexible high interest savings account.

How flexible savings can benefit your finances:

• A flexible high interest savings account makes it easier to save. High interest savings accounts can in most cases be linked to your chosen transaction account, therefore, you can make simple online transfers to grow your savings. When your savings are easier to manage, you will be able to make more regular deposits and grow your savings even faster, and just imagine how much more flexible your life could be with more savings to play with – you can have the flexibility of choosing a holiday to Paris or Milan, rather than the choice of Kangaroo Island or Tasmania, again.
• The best flexible savings account will be easily linked. An online savings account can not only be applied for online, but you can also manage the entire account online and this includes setting up a link to your transaction account. Depending on the transaction account you are linking to, you can even set up a direct transfer to divert some of your salary each pay day to keep your savings growing.

Savings accounts are an important part of your everyday life and it is important to choose the best account for your needs, and one which is flexible if those needs change – after all, life is never predictable and you have learnt to be flexible and adapt to changes in the road, and you need a savings and transaction account which can do the same. Therefore, compare the best savings accounts available in Australia here and apply securely online now.