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Savings News

ING pays fees back to account holder

ING Direct is currently promoting its new Orange Everyday transaction account that pays a 50 cent bonus to the account holder when they make a cash withdrawal of more than $200 using Eftpos. All ATM fees are also waived when withdrawing $200 or more from  Read full article

Aussies ‘savings gap’ blows out $26K

The latest research released today by the Investment & Financial Services Association (IFSA) showed Australians face a massive savings shortfall that would see the majority of Australians struggling to maintain their quality of life in retirement. Read full article

Its easy to save money

The best online savings accounts are currently paying about 5.5 per cent p.a. Better rates can be achieved by locking savings away into a term deposit. A number of institutions are currently offering promotional rates to entice new customers.  Read full article

High deposit rates won’t last forever

Deposit rates are still at historic highs, benefiting savers who can get great returns from term deposits or at-call savings accounts.  Read full article

Aussies plan to boost savings this year

More than three quarters of Australian participating in an online poll by News Ltd newspapers plan to increase their savings in 2010.  Read full article

More Savings News

Rate Watch

27/08/2009
Rates to stay on hold, for now
After months of falls in employment, there are some signs our job market may be turning the corner.

FULL STORY

Savings Guides

Australians' $1 billion lost interest bill

Research from financial comparison experts InfoChoice shows that Australian consumers have short-changed themselves of more than $1 billion worth of interest in the past six months. Read full article

Make your money work for you

There has never been a better time to shop around for deposit accounts with some great offers outside of the big 4 banks.  Read full article

How to reduce your bank fees

With several banking products available in the market, and with different terminologies used to describe the nature of the fees charged on these accounts, it is no wonder consumers often get confused or lose track of the fees they are paying. Read full article

Should I lock away my savings or keep it at call?

In a competitive market where banks are fighting hard to win depositors cash, an excess number of cash accounts aggressively priced to offer decent returns are available... Read full article

ATM Fee Reform – how these changes will affect you

A Direct Charging ATM fee reform was introduced on March 3rd 2009, making it mandatory for ATMs to provide on screen disclosure of the charges applied to customers using ATMs that dont belong to the cardholders financial institution. Read full article

More Savings Guides

Need a Savings account?

At InfoChoice, you’ll find it so much easier to choose a savings account for you, quickly and easily, based on your own clear financial strategy. That’s because InfoChoice offers you a relevant and accurate comparison of your options. You won’t need to spend valuable time on prior research - just sit back and compare accounts at a glance.

You’ll need to decide whether you want an online savings account with daily access. Perhaps you’d prefer the high-yield of a long-term deposit account. Would a short term deposit suit you better? In today’s market, there are so many providers; it’s hard to know where to begin.

Creating your shortlist becomes so much more efficient and accurate when you use our unique ‘Saving and Term-deposit Selector’ tool. Just enter your required criteria and InfoChoice will instantly create for you an easy-to-digest shortlist of options.

When it comes to your finances, it pays to make the right choice. Choose your savings products on your terms – not the banks’.


Today's Top Savings Accounts

Institution Product Max. Rate (%) Details
USaver (Base Rate 5.62%, Bonus 0.10% with savings plan) 5.72 Details
TeleNet Saver (Special Introductory Interets Rate for 12 months - variable) 5.62 Details
Bankwest Smart eSaver (Smart Rate if no withdrawals) 5.51 Details
RaboPlus PremiumSaver (Grow your balance by $200 by the end of each month to earn 5.50%) 5.50 Details
ANZ Online Saver (Apply by 1 March 2010 and receive an additional 1.25% above std variable rate until 30 May 2010) (Online) 5.25 Details
Institution Product Max. Rate (%) Details

The above products are some of the top rates available in the market. Based on promotional or introductory rates for an online savings account of $5,000.