How many savings accounts have rates over 3%?
Savings rates are coming down, along with the Reserve Bank of Australia’s official cash rate. Savings account rates are still generally higher than term deposit rates and still in excess of the inflation rate.
There are nineteen savings accounts now listed on Infochoice.com.au/banking/savings-account listings with total rates, including bonus rates, over three per cent. The highest rate in the market currently is 3.40 per cent.