Online savings accounts delivering up to 5.75%
Online savings accounts currently range from 5.75 per cent down to 3.9 per cent. The RAMS Saver account is paying 5.75 per cent if you deposit $200 a month and make no withdrawals, or 4.95 per cent otherwise. The Citibank Online Saver follows on 5.70 per cent.
The top bonus savings account is from Easy Street. It offers 5.61 per cent if you deposit $50 a month and make no withdrawals but that slumps to 0.01 per cent otherwise.
Among the five major banks the top bonus account is Westpac's Reward Saver, where you can earn 5.30 per cent under the same conditions but 0.5 per cent otherwise. Bonuses aside, the top base savings rate is 3.5 per cent across all of the Big Four banks.
Source: The Age