Best Savings Account for Your
Before you rush into signing up for a savings account there are many factors to
consider. The best savings account in Australia is the one that is right for
you. There is no such thing as a best savings account so I would recommend that
you find one that you are comfortable and happy with - and in this case it may be
one where you can visit a physical branch that is a short distance away from you,
whilst many others would prefer to get the highest interest rate possible and
achieve high yield savings from their account.
High interest bank savings accounts are now more and more online; so if you are interested in getting your online savings account - it is usually best to go online and sign up for your account. There are still some 'offline' savings accounts, however, you do not receive the same kind of benefits that you will with another savings account. Online savings accounts allow you to link your account with your everyday bank account; allowing you still easy access to your money without the temptation of having a debit card with you. That said, many of these best savings accounts also offer debit cards with the account, so you may have to sometimes exercise your self control. Because banks save with online accounts, you save - most of the accounts have no account keeping fees, and high interest rates .
| Account | Interest Rate | Min Deposit | Fees | Details | Apply | |
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HSBC Online Savings Account | 5.40% | $1+ | $0 | Details |
Apply |
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HSBC Serious Saver | 7.5% | $1+ | $0 | Details | Apply |
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Raboplus High Interest Savings Account | 7.8% | $1+ | $0 | Details |
Apply |
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Raboplus Term Deposit | 8.25% | $1000+ | $0 | Details |
Apply |

