Guide to Savings Accounts in Australia

Isn’t it time you Saved more Money with Higher Interest and Lower Fees?

A savings account allows you to conduct your everyday banking, keeping track of your money as you make purchases and pay bills, online, over the phone and in person. However, if you are using the wrong savings account you could be paying more in bank fees and earning less in interest than you should be. So here we guide you through choosing the best savings account for you, and using it to your advantage.

You first step is to consider accounts based on the following situations:

• Are you In debt
• Do you Have a mortgage
• Are you Able to put money aside regularly
• Are you Able to fix in your savings
• Are you Married or part of a couple

More advanced savings topics:

• The benefits of the best high interest savings account
• How to compare the best high interest savings accounts
• The account features to expect
• How to use the Savings Priority Strategy to save more money
• Tips to help you make the most of your savings
• How to beat inflation

Featured Savings Account

The UBank USaver is one of Australias newest and most revolutionary savings accounts. One of the highest rates on the market today, and backed by one of the Big Four banks so you know your money is secure. It is free to open an account, and you can do so online right now!

• Variable Rate of 6.51% p.a.
• Reverts back to Standard Variable Rate of 6.01% p.a.
• Monthly account keeping fees: FREE

Click here to read the UBank USaver terms and conditions

Savings Account	Account Details	Intro Rate + Base p.a.	Base Rate p.a.	Intro Rate p.a.	Fees	Min Balance/Min Deposit
Virgin Savings Account	Enjoy zero fees and no minimum balance or deposit amount!	6.75%	5.35%	1.40%	FREE	$0/$0
Citibank Online Saver	The highest intro rate on the market! Take advantage of this offer now.	6.45%	5.25%	1.20%	FREE	$50/$20
St.George Direct Saver	Enjoy this amazing rate from one of Australias number one banks.	6.15%	4.60%	1.55%	FREE	$0/$0
NAB iSaver	Open a savings account with one of Australias biggest banks.	6.00%	4.25%	1.75%	FREE	$1/$1
RaboDirect Premium Saver	RaboDirect continues its competitive run in the savings account market.	6.00%	4.25%	1.75%	Free	$1/$1
ANZ Online Saver	A great ongoing interest rate makes this ANZ Online Saver an attractive savings account.	6.00%	4.50%	1.50%	FREE	$0/$0
Suncorp eOptions Saver	Although this savings account has no promo rate, there is a high ongoing interest rate.	4.75%	4.75%	0.00%	FREE	$0/$0

Most of us have been encouraged to save from the time we received our first payment of pocket money, but a successful, long term savings plan which can take you from pocket money to retirement fund requires a little careful planning, and the right tools.

What sort of saver are you?

Few of us have a natural instinct to save because it is much more fun to get out there and enjoy life now and not worry about the future. At the same time it is possible to tailor your savings plan and make a genuine investment in your future by playing to your strengths and natural inclinations. For example using a high interest savings account is not for everyone and you may be better suited to investing rather than saving. When you save using a dedicated account there is no risk, you are required to be minimally involved and you will get back your savings with interest on top.

When you invest in the stock market for example it is possible to see higher returns over the long term as compared to a savings account. However when you invest you risk losing interest earnings and you can even lose your initial investment. To make the decision between saving or investing you need to decide whether risk outweighs reward on whether you have the time to spend researching and managing a share portfolio or whether you would prefer the more guaranteed returns of a savings account.

You’re now ready to find the perfect savings strategy and product for you, based on how you answer the following questions.

Are you in debt?

It is important to know that if you have any debt it makes better financial sense to repay this debt before you start to save. This is because the interest you are being charged on your credit card debt or personal loans is likely to be higher than the interest you will earn in a savings account therefore any gains you make with your savings will be cancelled out by interest charges.

While it is still important to have savings for a family holiday or a family emergency consider whether you would be better off repaying your debt sooner with the funds you would have contributed to a savings account. For example if you have a $1000 credit card balance which is being charged 18% interest and you have $1000 in a savings account which owns you 2% interest after tax than you would be $160 a year better off if you just repaid your credit card before you started saving.

Do you have a mortgage?

While the interest rate you are being charged on your mortgage is probably less than a standard credit card interest rate is still likely to be more than you will be earning in your savings account especially since the interest earned on your savings is taxed. Therefore you may be better off making additional repayments to your mortgage, as long as your lender doesn’t charge you for this feature, and working to repay your loan sooner and save interest.

If you have a mortgage but still want the security of an emergency fund for example ask your lender about a mortgage offset account which is a separate savings account linked to your home loan which reduces the amount of interest you are charged on your loan, and the best part is while you are taxed on interest you earn you are not taxed on interest you save. For example if you have a $250,000 mortgage and you have $10,000 of savings in your 100% offset account then you are only charged interest on $240,000.

Can you make regular monthly contributions to your savings?

The amount you can budget to save each month can determine the type of savings account which is best for you because some savings accounts will reward you with bonus interest if you are able to deposit a certain amount each month or if you are able to increase your account balance by a certain amount each month.

Alternatively if you already have a lump sum of savings which you want to have working harder for you look for a savings account which gives you bonus interest tiered on the account balance. You can then continue to make your savings contributions to this account or open a separate account which rewards you for regular contributions to build up a new lump sum amount.

Are you able to fix your savings?

A fixed-rate savings account, also known as a term deposit account, can earn you a guaranteed interest rate over a set term of your choosing and where the interest-rate on a traditional savings account can go down according to the Reserve Bank decisions, your interest earnings and returns are guaranteed. However this also means that if official interest rates go up the interest rate on your fixed savings account will not.

In choosing a fixed rate savings account you also have to be sure that you can budget and meet your everyday expenses and any emergencies which come up without access to your savings because if you withdraw the funds from a term deposit before the end of the term you can jeopardise the interest earned.

Are you married or part of a couple?

If you are married or part of a couple there can be taxed benefits to saving in the name of the partner who is in the lower tax threshold. Even if you combine incomes and shared bill paying expenses if you hold your savings account in the name of the lower rate taxpaying partner then you will both have more money to enjoy together.

Also if you are not married there is no tax if you give your partner a gift, which they can then put into their savings account which is taxed at a lower rate. Whether you are married or part of a couple and want to avoid some tax charges in this way be aware that the money in your partner’s name is legally there’s if things go sour.

Featured St. George Savings Account

Enjoy the benefits of a savings account with one of Australias most trusted banks. Get a great introductory rate and a high ongoing rate thereafter.

• Variable Rate of 6.15% p.a.
• Reverts back to Standard Variable Rate of 4.60% p.a.
• Monthly account keeping fees: FREE

Click here to read the St.George Direct Saver terms and conditions

The Benefits of the Best Savings Account

There is no such thing as THE best savings account in Australia, if there was your search would be over because we were just tell you which one it was. Instead there are hundreds of different savings accounts available from a range of different banks, credit unions and building societies across Australia so that you can find the account which best suits you, your financial situation and your savings habits because when your savings account fits properly your savings plan can more easily fall into place.

Therefore instead of making the mistake of thinking that all high interest savings accounts are the same, find out just how important it is that you are using the account which fits you best. You need to be using the right savings account for your needs because:

• You need to be able to access your savings when and where you need them – If you are working hard to build an emergency fund then a fixed-rate savings account is probably not right for you because you need access to your funds at a moment’s notice, instead an online savings account linked to your transaction account from the same provider will give you this instant access.
• You can reach your savings goals sooner – If you choose a savings account which rewards you for the regular contributions you are able to make or for the high balance you are able to maintain then this bonus interest can help you reach your savings goals sooner whether you are saving for a rainy day or a renovation to allow you to add an outdoor room so you can enjoy your backyard on a rainy day.
• Your savings will be secure – Not only will depositing your funds in a savings account stop you from raiding the stash of cash under your bed, but until October 2011 deposits in authorised Australian financial institutions, up to the value of $1 million are guaranteed by the Australian government.

How to Compare the Best High Interest Savings Accounts

At Savings Account Finder we want to make your comparisons as easy as possible so find out more about what you are looking for in your comparisons and how to decide which is the most important feature an information for you.

As you make your savings account comparisons make sure you:

• Choose the interest rate which matches your needs – High interest savings accounts can be used for a long-term investment because they are so safe and easy to use and in this case you would need to choose the highest ongoing interest rate because you are in this for the long haul. Alternatively if you are saving for a short term goal then you can benefit from a promotional interest-rate which is initially higher, but after the promotional period ends it reverts to a lower rate but by this time you will have reached your savings goal and be on your way.
• Choose access features you can use – The majority of high interest savings accounts will be opened and managed entirely online, in this way they are able to offer you high interest rates and zero fees. However while this may suit young couples or busy individuals who are able to do their banking online at the time of day, if you are choosing a savings account for your child or if you would prefer branch access then seek out a savings account which allows you to make cheque deposits and includes branch visits, rather than assuming these features are automatic.
• Don’t discard online savings accounts – Whether you want a more tangible connection to your savings or you have yet to embrace internet banking in your everyday life, some of the highest interest rate and lowest fee savings accounts are those which are operated entirely online. This is because it is cheaper for the financial institution to operate online, and they pass these savings onto you. Plus, while you may not be ready to do all of your banking online, starting with an online savings account can ease you into the process, while removing you from the temptation to spend funds which are easily accessed at a branch or via an ATM.
• Know what you are looking for – Your answers to the questions at the top of this page will have helped you to determine the type of saver you are, and the type of account you are looking for. Therefore, as it comes time to make your comparisons, you can more easily determine which accounts are worth considering and which don’t have the features you need, and as you read the fine print and compare the rates, application process and features, you can make your decisions decisively, because you either want those features or you don’t.
• Compare all of the information and advice on your type of savings account – Savings Account Finder offers you more than just comparison tables, we also provide comprehensive reviews and advice to help you make the right decision, and maximise your returns. For example, if you know you can make regular contributions, and you know you need an account which pays you bonus interest, find out how to maximise that bonus interest by depositing your funds on the right day, at the right time.
• Choose a safe provider – It was once easy to think that all banks were the same, each one as safe as the next, and none of them were really putting your savings at risk. However, as we saw one bank after another fall around the world, taking the savings and investments of people just like you with them, a comprehensive comparison will include the security of the financial institution. While banks appear safer (and project that image) than smaller credit unions or building societies, the security of a provider comes down to their credit rating and the way their business is run. You can check the credit rating of any provider you are considering as this is publicly available information, and while all of the Big Four Banks are rated AA so are many second tier banks.
• Relying on the Government Guarantee – The Australian Government’s deposit guarantee is a great way for Australians to feel safe in saving because even if your chosen provider does collapse, the government will honour the value of the savings you had with them, up to $1 million, but only until October 2011. So instead of relying solely on the Government Guarantee, consider the safety of a provider after 2011, because your savings plans probably extend beyond then too.

The Account Features to Expect

While the features and inclusions of each high interest savings account will differ and each provider will promote a different aspect of their savings plan, there are a number of basic features you can expect from all high interest savings accounts. Knowing what to expect can help you sort the hype from the real benefits because you will know whether an account is really offering a unique feature, or just highlighting a standard feature of the genre.

When comparing high interest savings account features you can expect to be getting:

• A fee free savings account – All high interest savings accounts should be fee free and not charge you any opening or transaction fees on your account.
• A linked account – Almost all high interest savings accounts will ask you to link an everyday transaction account to your savings account for easy transfers and deposits. However, compare the savings accounts based on whether you can use your own existing transaction account or whether you have to open a linked transaction account with the same provider. Also compare the transaction fees from your everyday account to your savings account because it may be worth opening a linked account with the same provider, so you’ll also need to compare transaction accounts too.
• Interest calculated daily and paid monthly – This allows you to earn compounding interest on your savings, that is, you’ll be earning interest on your interest because the interest is being calculated and added to your balance daily, but not deposited until the end of the month.
• A high interest rate – The interest rate offered on your savings account should be at least as high, if not several percentage points higher, than the Reserve Bank of Australia’s official cash rate. This is because the banks base their standard variable rates on the RBA’s cash rate and where the SVR on their home loans will be higher than the official cash rate, so too should the SVR offered on their savings products.

The Account Features Which Can Set You Apart

So now you know what to expect from a standard high interest savings account, you can demand more – more features, more value for your savings and an easier to use account. While not all financial institutions will offer all of these additional features with their accounts, you can easily shop around with this shopping list to find the account which has the selection you want and need, rather than paying extra for an account which has features you won’t use.

Expect more from your high interest savings account, such as:

• Bonus interest on deposits – If you see yourself making regular deposits into your savings account because you are saving for a long term or specific goal then compare the savings accounts which offer bonus interest for regular deposits.
• Bonus interest when you make no withdrawals – If you are building an emergency fund or saving for a house deposit you are going to make very few withdrawals, so compare the savings accounts which offer the best bonus interest for the months you make no withdrawals.
• Existing personal linked transaction account – If you are happy with your existing transaction account and know there are no additional fees for internet transfers to your savings account, compare the savings account providers which will allow you to link to an external transaction account. Linking to a transaction account with a different provider also removes the temptation of instant access to your savings as you have to wait at least two business days for your transfer to arrive from your savings account.
• Open a new linked transaction account – If you are in the market for a new transaction account too, then compare the savings account providers with inclusive transaction accounts on offer too. Using a linked transaction account from the same provider also means no transfer fees, plus transfers arrive in your savings account instantly, to be earning interest right away.
• Sub-accounts for more than one savings goal – Compare the number of sub-accounts you can open with your high interest savings account if you are saving for more than one thing. You may want to have an emergency account, a holiday account, a school fees account and a shopping account so make sure you compare the number of sub-accounts you can open, and the ease with which you can create, rename, transfer and delete these accounts too.
• Inclusive online application – If it is important to you to save time online, then choose a savings account with an intuitive and inclusive application. Many online savings accounts will allow you to choose an account password within your online application as well as nominate an initial deposit form your linked account and set up a regular payment schedule.

The Savings Priority Strategy

When you are managing your savings you want to be sure you have as much of your money working as hard as possible for you, while still being able to access it when you need it. Therefore, consider spreading your savings plans and savings funds across several types of savings accounts, to help you consistently grow your savings, while still giving you flexibility when you need it, not to mention disbursed risk.

To follow the Savings Priority Strategy:

1. Find a savings account which rewards you for regular deposits of a certain value – These types of accounts will require you to make a deposit of usually $50 – $100 a month and in return will pay you a bonus interest rate that month.
2. Set up a regular transfer from your wages, for the qualifying amount – Set up an automatic transfer for the required amount to qualify for bonus interest, because while contributing more each month will earn you more interest, there are generally no more bonuses available.
3. Find a standard savings account – This account will have an ongoing high interest rate and this is where you should deposit the rest of your savings allocation, which overflows from your bonus savings account. The rate may not be as high as the bonus rate on your priority account, but as you build your balance you increase your interest earning capabilities.
4. A savings account with an ongoing high interest rate gives you freedom – You can deposit as much or as little as you like each month, and withdraw those funds again if you need to cover an emergency, or realise a savings goal; accounts which offer bonus interest for deposits often don’t allow you to make withdrawals and still qualify for a higher rate.

Inside Tips on Saving

If you’ve ever wondered how some people seem to be able to afford the latest technology, modern furniture and exciting holidays, the truth is they probably don’t earn any more than you do, they simply put these common sense savings tips, and this inside knowledge and advice into practice.

As you consider your savings strategy and compare the best savings accounts, remember:

• Beware of promotional interest rates – Many high interest savings accounts will offer an even higher rate for an introductory period when you first sign up for the account. However, once this promotion ends the standard rate on the account can often be much lower, but if you are willing to move your savings to follow promotions you can benefit from rolling bonus interest.
• Look for fixed promotional rates – Some promotional introductory rates are calculated at a certain percentage above the provider’s standard rate. For example the standard rate on a high interest account may be 3.50% and as a new customer you receive a bonus 1.50% interest for the first six months your account is open. However, if official rates drop during that time, and your provider follows suit, their standard high interest savings account rate may drop to 2.50% so where you were earning 5.00% interest, you are now earning just 4.00% interest, and it could continue to drop during your six month promotional period. Alternatively, other providers may offer a fixed 5.00% interest rate for the first six months your account is open, so you are guaranteed this rate, no matter what.
• Know the account you want – Not all financial providers are above the ‘bait and switch’ strategy of attracting customers, and will advertise an attractive interest rate on a savings account, and when it comes time to sign up, you will find yourself with an account which has a similar name, but which pays a much lower rate. Therefore, always read paperwork and fine print carefully, and know exactly which account you want, and what you are entitled to.
• You may have to wait to access your funds – Make sure you know how and when you can access your funds before you find yourself in need of your savings. Savings accounts can offer you instant access where you can withdraw your cash at a branch, however, if you make the withdrawal over the phone or via online banking, if your linked account is with another provider you can be waiting up to 5 business days for the transfer to be completed.
• Don’t be penalised for withdrawals – Make sure you know about any limits on the number or value of withdrawals you can make from your savings account in a year. Also be aware of whether your interest earnings will be penalised if you make a withdrawal.

How to Beat Inflation

Inflation is the rate at which the cost of living increases, and the primary role of the Reserve Bank of Australia, and their management of the cash rate, is to keep inflation in check. As a result the RBA aims to keep inflation at around 2-3% each year.

When it comes to your savings, inflation can eat into your interest earnings because if you are saving for a purchase you want to make in a year or two year’s time – or even for your retirement – then you are going to need to save enough for what that purchase will cost at the time you make it, not what it costs now. As a result, if your savings do not increase at a rate higher than the inflation rate, you can be losing money by saving.

Not only do your savings need to be earning more than the rate of inflation now, but they need to beat inflation each and every year for you to have a strong savings account. Therefore, make sure your savings account interest rate is more than the current rate of inflation.

If you are longing for the days when saving was as simple as putting your spare pocket money into your piggy bank then you’re not alone. Thousands of Australians are without a regular savings plan, or a strong savings account balance, but luckily it is never too late to turn that around. Now you can pinpoint your financial situation, and follow this guide to find the best savings account and savings plan for your needs, you can be one of those Australians who can look forward to the future, because you know you are prepared.

How To choose and compare savings accounts

• Determine your savings needs and financial behaviour
• Compare the features of the account, such as the interest rate
• Compare the fees and accessibility of the account for ease of use
• Open a savings account with the features and benefits to suit you
• Understand how to use your account on an ongoing basis and benefit from financial situations such as interest rate rises

Why You Need the Best Savings Account

There are so many different types of savings accounts available, and even within one bank or financial institution, you are likely to find several different types of savings accounts. This is because everyone receives, spends and uses their money differently, and there is a savings account for each budget, spending habit and financial goal. Therefore, it is in your best interests to compare all of the savings accounts available before you choose, because you could easily be using the wrong account.

Benefits of choosing the right savings account for your needs include:

• Access to your money when and where you need it. If you travel overseas regularly then you need a savings account which you can access from anywhere in the world, alternatively if you’re a busy parent then you need a savings account which allows you to pay your bills online or over the phone quickly and easily.
• More money in your account. If you choose a savings account which will reward you for the way you use your account, rather than penalise you, then you will lose less money in fees, and have more money in your account. For example, if you don’t like to carry cash but prefer to use EFTPOS to pay for purchases, then you will benefit from a savings account with unlimited transactions.
• Financial security (from a bank and with a guarantee) which you can trust. In the wake of the Global Financial Crisis the Australian Government introduced a deposit guarantee on all funds in savings accounts, until October 2011 – in choosing the best savings account from the safest bank, and making sure you are eligible for the government’s deposit guarantee you can feel sure your money is secure.

How to Compare Savings Accounts

The comparison tables here at Savings Account Finder give you all of the information you need to know before you choose a savings account. The most important information is available at a glance, so you can save time and money right away.

What to look for in your savings account comparisons, and why:

• Compare the interest rates – If you’re looking to open a savings account as an investment, then choose one with a high interest rate, and an interest rate which is ongoing. If you are opening a savings account for a short term goal such as a new TV or home extension, then a promotional interest rate is perfect for you because your savings will get a boost, and you’ll be gone before the promotion ends. Alternatively, if you’re looking for an everyday account, interest rates may not be as important as accessibility for example.
• Compare how you access your savings account – If you want to open an everyday savings account, you want to be able to quickly and easily access your money, wherever you are. Therefore, you will need to compare savings accounts based on whether you are provided a cheque book, an ATM access card or a debit card linked to your account. You also want to find out how much you will be charged for each of these transactions if you are going to be making them regularly. Do you plan to make regular branch visits too? Then you need to find the savings account which doesn’t charge you extra for this service. However, if you don’t have time to visit a branch then an online savings account may compare better.
• Compare online savings accounts – If you’re pressed for time, and can only do your banking on the run, or outside business hours, then you need to compare the connectivity of the savings accounts available. An online savings account will allow you to apply online and conduct all of your transactions and transfers via internet banking. Compare the savings accounts which offer online access to your bank statements, and those which let you change your password or access code online, without making you visit a branch.
• Read everything and then discard what’s irrelevant – If you start with the first point we’ve mentioned at the top of the page, and determine your savings needs and financial behaviour, you will know what you need from a savings account. Therefore, after you’ve read the fine print about the interest rates, the fees, the online application process and the access cards and cheque book additions, you can decide which account has the inclusions you really want, and which is offering specials you don’t really need.
• Now you know what you’re looking for, read our savings account reviews and information about other financial products which may suit you, for example a high interest savings account, or even a term deposit. With all of the information you need to find the best savings account for you, we’ve made it even easier to apply as you can travel through a secure link from our website to apply for the savings account of your choice today.

When comparing savings accounts to choose the best one for your needs you need to know which are the features which are negotiable and which are the ones you should expect from all high interest savings accounts, no matter what. Knowing the standard features and the extras helps you compare the top savings accounts for the features you actually need, rather than wasting time comparing savings accounts which offer bonuses and incentives which won’t actually help you meet your savings goal or overcome your financial bad habits.

Compare the Basic Features of Savings Accounts

Comparing providers and high interest savings accounts based on their standard features gives you a base line from which to get an idea of the providers and the types of accounts which would best suit your needs, and which target your particular savings habits. Just as a clothing store targets their products at people from a particular age group and style, so too do savings account providers offer a different focus for their particular type of customer.

Standard savings account features to compare:

• Fee free savings accounts. All high interest savings accounts should be fee free and not charge you any opening or transaction fees on your account.
• The type of linked account. Almost all high interest savings accounts will ask you to link an everyday transaction account to your savings account for easy transfers and deposits. However, compare the savings accounts based on whether you can use your own existing transaction account or whether you have to open a linked transaction account with the same provider. Also compare the transaction fees from your everyday account to your savings account because it may be worth opening a linked account with the same provider, so you’ll also need to compare transaction accounts too.
• Interest calculated daily and paid monthly. This allows you to earn compounding interest on your savings, that is, you’ll be earning interest on your interest because the interest is being calculated and added to your balance daily, but not deposited until the end of the month.
• A high interest rate. The interest rate offered on your savings account should be at least as high, if not several percentage points higher, than the Reserve Bank of Australia’s official cash rate. This is because the banks base their standard variable rates on the RBA’s cash rate and where the SVR on their home loans will be higher than the official cash rate, so too should the SVR offered on their savings products.

Compare Additional Features of Savings Accounts

Comparing the savings accounts with the best standard features for your needs may have left you with a short list, and this is where you can start to look at the extras which may suit you. You can then decide which fee free, high interest, easy access savings account from above, has the best comparable features from the list below:

• Bonus interest on deposits. If you see yourself making regular deposits into your savings account because you are saving for a long term or specific goal then compare the savings accounts which offer bonus interest for regular deposits.
• Bonus interest when you make no withdrawals. If you are building an emergency fund or saving for a house deposit you are going to make very few withdrawals, so compare the savings accounts which offer the best bonus interest for the months you make no withdrawals.
• Existing personal linked transaction account. If you are happy with your existing transaction account and know there are no additional fees for internet transfers to your savings account, compare the savings account providers which will allow you to link to an external transaction account. Linking to a transaction account with a different provider also removes the temptation of instant access to your savings as you have to wait at least two business days for your transfer to arrive from your savings account.
• Open a new linked transaction account. If you are in the market for a new transaction account too, then compare the savings account providers with inclusive transaction accounts on offer too. Using a linked transaction account from the same provider also means no transfer fees, plus transfers arrive in your savings account instantly, to be earning interest right away.
• Sub-accounts for more than one savings goal. Compare the number of sub-accounts you can open with your high interest savings account if you are saving for more than one thing. You may want to have an emergency account, a holiday account, a school fees account and a shopping account so make sure you compare the number of sub-accounts you can open, and the ease with which you can create, rename, transfer and delete these accounts too.
• Inclusive online application. If it is important to you to save time online, then choose a savings account with an intuitive and inclusive application. Many online savings accounts will allow you to choose an account password within your online application as well as nominate an initial deposit form your linked account and set up a regular payment schedule.

Making comparisons of the best savings accounts is really about deciding which are the most important features for your savings goals, and then looking at the providers which offer the best of those features. To help you with this process we have compiled a comparison table of the top high interest savings accounts here. Once you have selected the account with all the features you need and want you can sign up via our secure links to start your savings plan today.

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• First Home Buyers Savings Account
• Forced Savings Accounts
  It can often be difficult to stay focused on your financial goals with so many distractions letting you dip into your savings account. If you are someone that finds it difficult to stick to a savings plan, a forced savings account will limit your access to your funds before reaching your set goal and give bonus interest rewards by not splurging. Discover deals available from Australia's best banks to guarantee you achieve your financial goals.
• Good Savings Account
  With so many different savings accounts, it is essential to find the one with the features to suit your saving goals and lifestyle. Whether your studying, have just started working full-time or are buying your first home, by considering your own savings plan and the deals available you can find the right account to guarantee your return on investment.
• Highest Savings Accounts
  If opening a high interest savings account don't let your decision be based purely on the rate being advertised. Each account comes with various conditions that can greatly determine how your interest is earned. Find out how banks establish their interest rates to ensure your getting the most out of your savings account.
• Kids Saving Account
  Give your kids financial lessons and advice that they can apply in years to come. With a range of savings accounts targeted towards kids, discover what to look for when finding the best account for their first banking experience.
• Magazine Best Online Savings Account
  After being awarded the Best Savings Account award by Money Magazine, UBank's Usaver account is definitely one to look out for in 2010. Find out how this fantastic account has proven to be so popular and if it's the right account for you.
• Money Market Savings Account Rate
  Money market accounts remain a great and secure way to earn interest on your savings. By learning how money market rates are determined, you can find the account that's best for you're own savings plan and take advantage of high interest rates. Find out how money market rates are calculated and the benefits of opening an account to increase your savings today.
• Online Savings Account Comparison
  Put simply, once you open an online savings account you won't turn back. With the convenience of managing your transactions from home and the benefit of being fee free to start and use, starting an online account makes banking easier. Discover more benefits and features of online savings accounts.
• Open Savings Account
  Before opening a savings account you need to consider you're own financial goals and how you are going to be using the account. Everyone has different savings needs that will impact on the account they go with. Find out what account is best for you to increase you're savings today.
• Open Savings Account
• Savings Account Application
  You can make the process of applying for a savings account stress free. Before applying, it's essential to organise you're savings goals and determine how you will be using your account. Learn how to apply for a new savings account online and how to undertake the application process offline.
• Savings Account Definition
• Savings Account Goal Calculator
  You can make the sometimes confusing and lengthy process of choosing the right account much easier by using the savings account calculator. By understanding the different features of the calculator you can make accurate calculations of what account will suit your financial situation. Determine the account that's best for you by using the savings account calculator today.
• Savings Account Interest
  Get the most out of your savings account by opening a high interest account and let you're funds increase as you make deposits daily. By taking the necessary steps, you find the account that's right for you based on your own saving plans and the account conditions. Find the highest interest savings accounts from Australia's top banks to get the most out of your hard earned dollars today.
• Savings Account Interest Rates
  Generate the highest earnings on your savings account possible by finding the account with a competitive interest rate. Learn more about interest rates and how they are determined by each bank so you can find the best deal when looking to open a new account. Sign up to the NAB iSaver before the 13th of April to receive an interest rate of 5.15% p.a.
• Savings Account Providers
  Choosing the right provider is an essential step in choosing the right savings account for you. Learn how to compare different providers to get the most out of your savings account. Find out about the top Australian banking providers and their savings accounts offers.
• Savings Account Rate Comparison
  Getting into the habit of comparing savings account rates is an essential step to getting the most out of your money. Not every provider is the same and each will offer different rates depending on their current economic standing. Find out how to compare saving account rates so you can stay ahead of the pack.
• Savings Account Rates
  Earn the most out of your savings account by finding the best interest rate. Find out how interest rates are determined by banks and how they are subject to change through promotional offers. Choose the best interest rate available to get closer to your savings goal.
• Savings Account Reviews
  With so many sources offering information about what the best saving account is for you, it can be easy to loose faith in what different groups are telling you. Your savings account is not something to take lightly so always make sure your getting valid material that's relevant to your saving need. Learn how to find and read a reliable savings review so you can make the right decision.
• Savings Accounts UK
  With the current economic climate, savings accounts in the U.K are quite different to that of Australia. Savings account rates are determined by whether they are truly the best investment for their market based on the amount of money being spent. Find the best savings accounts in the U.K and how Australian accounts can be affected by comparison with the interest rates of the U.K.
• Short Term Savings Accounts
  A short-term savings account is a great way to earn interest on deposits made for special purchases in the not to distant future. Learn how to find a short-term savings account that is based on your planned purchase and how to reach your short term saving goal.
• Super Savings Accounts
• Term Deposits Interest Rate
  If trying to decide whether a term deposit account is the right option to you, it's best to be aware of your own financial goals and spending before making the commitment to apply. With high cancellation fees and penalties, it is crucial to understand the features of each account and if they will promise a good return on you're investment. Find out about the features of term deposit accounts and if it's the best step for you to take.
• The Best Saving Account
  Each person has unique savings goals and unique spending habits. With so many accounts available, it is crucial to find the one with all necessary features suitable to your unique financial needs. Find out why the top savings account is unique for you and how to find the one that will bring you the greatest economic benefits.
• Top 4 Savings Accounts Compared
• Top Interest Savings Account
  Take advantage of the top interest rates on offer to bring financial security today and into the future. Find out how the top interest savings accounts are calculated and how to choose the account most beneficial to you and your savings plan. Enjoy an interest rate of 5.88% p.a. when you sign up for the Citibank online saver.
• Top Savings Accounts
  Avoid the tedious process of finding the right account for you by viewing the top ten savings account. Whether looking for an account to achieve your long-term savings goal or trying to decide the best account for you're young son or daughter, find out how to compare the top savings deals on offer. Enjoy a long-term interest rate of 4.50% p.a. with no conditions when you sign up to the Members Equity Savings Account.
• Types of Savings Accounts available in Australia
  Choose the right type of savings account to increase the interest that you earn and reduce the fees that you pay to your bank for using your own money.
• Which Savings Account provide the most interest?
  Don't let yourself make the wrong decision when finding the best savings account and give yourself the financial future you deserve. Learn how to discover a savings account that will be dedicated to your unique savings needs and how to weigh up the best deals from the top providers. Use the Savings Account Finder comparison tables to find the top accounts on offer today.

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• How To Find The Right Savings Account
  With so many different savings account on the current market to choose from, it can at times seem overwhelming when deciding which one is best for you. Discover 5 essential criteria to use when comparing different accounts.
• The Facts of Money Market Accounts
  There are various different savings products on the market. All have different interest rates, features and rules. Money market accounts are no different, but what facts of the money market accounts do we need to understand?
• First Home Saver Account
  First Home Saver Accounts are offered by many banks and credit unions. The purpose is to help young people save money and to assist younger people in being able to buy their first home. Here are some of the details.
• Savings Account Holders And The Benefits From Deposit War
  With banks struggling to find money to lend, a fierce battle for savings customers has begun! Lower fees, and better interest rates mean a healthier profit for savers. Let's look closer at savings account holders and the benefits of the deposit war.
• Offshore Bank Accounts
  Many people have heard about offshore bank accounts and wonder, are they safe? Here we will look at that and other questions.
• Savings vs Investments
  You may be asking the question, which is better investing or savings? With the different ways to save and invest, the question may be daunting. Here will look at some options, investment properties and bank CDs.
• Australian Government Savings Guarantee Guide
  Starting 12 October 2008 the Australian Government announced details of a savings guarantee scheme which would protect deposits and the wholesale funding of banks and other financial institution falling into the category of 'authorised deposit-taking institution' (ADI). This Australian government savings guarantee guide will explain how this guarantee works and clarify the protection offered by the government for banks and consumers, especially during times of economic uncertainty.
• Hazardous Saving Conditions
  It is very important to save money and to obtain the best savings vehicle. However, there are some hazardous saving conditions you should be aware of before obtaining a term deposit or savings account. Read on to learn about these conditions.
• Financial Hardship
  Many people are facing difficult financial circumstances in this market. Where once consumers were spending freely, they are now pinching pennies and watching every dime that is spent
• Savings Accounts "Better Than Shares"
  Higher risk and higher reward, or low risk but less growth? This is the choice consumers face when deciding between investing in shares vs savings accounts.
• First Home Saver Account
  The Australian government recognised how hard it was becoming for people to find the money to buy their own property. They intervened and the First Home Saver Account scheme was born.
• Health Savings Accounts
  As healthy as we all try and be, from time to time in our lives there are things that may unexpectedly go wrong with our health. Health savings accounts provide a way of saving for the unexpected.