Get 6 per cent from your savings account
The highest rates available currently from online savings accounts are over six per cent. Virgin Money’s online savings account has an introductory rate has dropped of 6.51 per cent. The base rate is 5.35 per cent. UBank's savings rate is also 6.51 per cent for customers who make regular monthly savings. The UBank base rate is 6.01 per cent.
RaboDirect is offering 6 per cent on the first $200,000. Rabo also has a PremiumSaver account, offering 6.1 per cent if the account holder deposits a minimum of $200 a month (the base rate is 4.75 per cent). Citibank has maintained an introductory rate of 6.40 per cent (with a base rate of 5.25 per cent).
Hunter United has a base rate of 6.27 per cent. ING Direct has a four-month intro rate of 6.35 per cent and a base rate of 5 per cent. Others offering more than 6 per cent include Defcredit, ANZ, Bank of Queensland, Bankwest, Bankstown City Credit Union, St George Bank and Easy Street.
Source: Sydney Morning Herald