Pty Ltd ACN 161 358 363 operates as an Australian Financial Services Licensee and an Australian Credit Licensee Number 515843.

Read about how Infochoice Group manages potential conflicts of interest, along how we get paid. In the interests of full disclosure, the Infochoice Group are associated with the Firstmac Group. ,, , and Performance Drive are part of the Infochoice group. To be considered, the product and rate must be clearly published on the product provider's web site. Some providers' products may not be available in all states. Rather, a cut-down portion of the market has been considered. The entire market was not considered in selecting the above products. AFSL and Australian Credit License Number 515843.Need somewhere to store cash and earn interest? The table below features savings accounts with some of the highest interest rates on the market. max balance $250k.Īges 18-24, max balance $50k, deposit $500/mo, 5 card transactions. Max balance $100k, deposit $1,000/mo, 5 card transactions, higher balance at end of month.Ĥ month intro rate, reverts to 3.50% p.a. Which accounts are offering the highest rates? BankĪges 14-35, max balance $50k, deposit $1,000/mo, 5 card transactions. Simple Saver accounts with a 4 month introductory rate by 0.15% p.a.Smart Saver (ages 36+) accounts by 0.25% p.a.up to a maximum balance of $50,000 wholistically. Savers can open up to nine Future Saver accounts, each eligible to receive the rate of 4.90% p.a. rate, savers must deposit $1,000 and make five settled card transactions on their linked Everyday Account every month. comes into effect from Thursday 23 February 2023 for those with a maximum balance of $50,000. to become the savings account market leader based on research. This increase sees BOQ's Future Saver account once more overtake ING's Savings Maximiser rate of 4.80% p.a. Some nine days later, Bank of Queensland (BOQ) has announced an increase to savings accounts lifting its Future Saver savings account for Aussies aged 14-35 by 15 basis points - 10 basis points less than the full RBA increase of 25 basis points. The Queensland-based bank had immediately responded to RBA's cash rate increase on 8 February announcing an increase to variable rate mortgage holders, placing its savings rates under review.

Boq bank term deposit rates