Savings accounts are great in a share market crash

Australians have made savings accounts their favourite way to invest and grow their wealth. Recent volatility on Australian share markets has underlined why savings accounts are so popular. Since the global financial crisis of 2008, Australians have relied on the low risk stability of high interest savings accounts to keep their savings safe.

Low risk does not mean no return – savvy savers can still find returns of 3 per cent and above by shopping around and comparing deals.