What’s the average savings account rate right now?

High interest savings accounts are a low risk investment option with a reasonable rate of return. Right now the average maximum savings account rate is three per cent, based on a $5000 balance. That rate includes bonus rates or intro rates on top of the base rate. Shopping around is the best way to ensure you are getting a good rate on your savings. Some people switch accounts after the honeymoon introductory rates expire.

Source: bankheadlines.com.au

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