Home / Banking / Savings Accounts / Savers willing to move for better rates

Savers willing to move for better rates

16/03/2010

Australian investors are currently holding around $508 billion in retail deposits, $64 billion saved during the global financial crisis.

Retail deposits have an average historical growth rate of 10%, yet peaked above 22% during the GFC. More than one third of investors altered their portfolio weightings to hold more cash during the GFC, with customers willing to change banks to achieve a better rate of return.

“Customers are ready and willing to move banks to find the best rate of return,” said CoreData Principal Andrew Inwood.

Source: CoreData



Previous Article  Next Article

Savings Account Selector

Select state:
 Account Purpose
Fixed Term At Call Savings
 

Savings Amount?
$
Your Savings Term

 Standard
 Online
 Farm Management
 Savings Standard
 Online Savings
 Cash Management
 Childrens
 First Home Savers
  Pensioner Deeming
 Christmas Club
 Farm Management
 Superannuation
 
 



Popular Searches


Today's Savings Rates

Institution Product Max. Rate (%) Details
USaver (Base Rate 5.41%, Bonus 0.60% with savings plan) 6.01 Details
ANZ Online Saver (6.00% p.a. until 30th June 2012) 6.00 Details
Savings Maximiser (5.85% p.a. variable intro rate for 4 months on balances up to $250,000) 5.85 Details
Citibank Online Saver (5.80% Variable intro rate for 6 months on balances up to $500k) 5.80 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.



SPONSORED LINKS