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Search & Compare Savings Accounts and Term Deposits

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Account Purpose
Fixed Term At Call Savings
 

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 Standard
 Online
 Farm Management

 Savings Standard
 Online Savings
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 Childrens
 First Home Savers
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Savings News

Long term deposits offering 7.3 per cent

Five year term deposits are now offering interest rates above 7 per cent. Read full article

Cash trusts close, accounts open

Many investors with money in cash management trusts are choosing to move to online cash management accounts and savings accounts. Read full article

TD rates come off the boil

The term deposit market may be at a turning point, with as many falls in rates as rises so far this month. Read full article

Deposits still popular with investors

Cash savings products became very popular during the global financial crisis years of 2008 and 2009 Read full article

Virgin plans no transaction savings account

A market-leading deposit rate on what may be a no-transaction savings account will be the first product pitched into the market by Citibank, but carrying the branding of its new partner Virgin Money Read full article

More Savings News

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, quickly and easily. You won’t need to spend valuable time going from bank to bank - we list 100's of different accounts right here for you to choose from. In today's market there are so many options it's hard to know where to begin, we help make it easier for you by listing products based on your needs or from a pre-selected list of accounts which you can compare side by side. Because we list many different types of accounts which offer differing features and interest rates and depending on what you are looking for will determine where you will find the account that is right for you. If you're looking for high interest savings account then you might want to take a look at the online savings accounts these generally offer the best rates due to the low maintenance costs for the providers but if you need branch access then these accounts aren't for you as they mostly offer online or phone access only. We also list a number of childrens savings accounts if you are looking for your children to start early and save for the future. Would a term deposit suit you better? Term deposits offer gauranteed returns for the period of the deposit, so if you have a specific savings target you need to hit then these can be a great option. These are just some of the savings options and you can choose even more with our savings account and term deposit search tool.  Just enter your required criteria and InfoChoice will instantly create a list of savings options based on your requirements from there you can compare savings accounts and choose the right one for you. Some accounts will have an apply button next to the listing which when clicked will take you to the providers website where you can apply or enquire online. 

When it comes to choosing a savings account or term deposit, it pays to make the right choice. Choose your savings account on your terms – not the banks.


Today's Top Savings Accounts

Institution Product Max. Rate (%) Details
Virgin Saver (Introductory rate of 6.75% for 4 months. Plus no fees whatsoever.) 6.75 Details
USaver (Base Rate 6.01%, Bonus 0.50% with savings plan) 6.51 Details
USaver Reach (for people aged 18 to 29 years old with less than $5000 to start their savings journey) 6.51 Details
6.4% RaboDirect Savings Account (introductory bonus 1.40% until 31/12/10) 6.40 Details
Citibank Online Saver (6.35% Variable intro rate for 6 months on balances up to $2 million) 6.35 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.