Savings, Transaction & Term Deposit
Account Winners
Overall Savings Account Winner
ME Online Savings Account
Over the last year a number of providers have introduced promotional or introductory rates to attract customers. Research undertaken by InfoChoice has found that many consumers are not easily swayed by these conditional rates, and rank consistency as their key driver when selecting a savings account. ME Bank’s Online Savings Account offers a competitive ongoing rate and has recorded the highest average rate over the last year.
ME Online Savings Account details
Incentive Saver Account Winner
Bankwest Smart eSaver
Bankwest’s Smart eSaver offers both an incentive to save and a competative return when you don’t (as the variable Standard Rate will at least match the RBA official cash rate until 30/06/2011). Another key feature to note is that unlike most other Incentive Saver Accounts, there is no minimum deposit required each month to qualify for the bonus rate.
Bankwest Smart eSaver detail
Personal Transaction Account Winner
Bankwest Zero Transaction Account
Bankwest’s Zero Transaction Account offers no ATM fees at Bankwest, Commonwealth Bank, ANZ, NAB and Westpac branded ATMs in Australia (Overseas ATM access fees and foreign transaction fees may apply). A minimim deposit of $2,000 per month is required.
Bankwest Zero Transaction Account details
Cash Management Account Winner
AMP eASYCash Management
This is the second year in row AMP has won this category. The eASYCash Management account has no minimum opening balance and offers a competitive rate of interest on all balances. The account also features flexible methods of accessing funds and interest is calculated daily and paid monthly. A $5 monthly service fee applies.
AMP eASYCash Management details
Deeming Account Winner
Transcomm Credit Union Deeming Account
Transcomm Credit Union’s Deeming Account features a competitive interest rate (with interest paid half yearly) and supports a wide range of transaction types.
Transcomm Credit Union Deeming Account details
TD Short (30-270 Days) Winner
Suncorp flexiRates – eOptionsTD Short (30-270 Days) Winner
This is the second year in a row Suncorp has won this category. The flexiRates eOptions allows you to lock away a portion of your savings at a higher fixed rate of interest for a period of your choice.
Suncorp flexiRates – eOptions details
Other Categories
Major Categories
Home Loans
Credit Cards & Personal Loans
Investment Products