Savings Account Comparison

Why You Should Get A High Interest Savings Account

admin — Fri, 20 May 2011 01:52:56 +0000

Many people choose to save their money in a standard current account.

They simply don’t touch the money until they need it. However, it can be much more rewarding keeping your money in a high interest savings account. Unlike current accounts, a savings account will give you interest on the amount that is in there. The more that you save, the more interest you will receive. Therefore, if you are looking at saving money, getting a high interest savings account is definitely the first step that you should take.

What is a High Interest Savings Account?

It is important that you compare different savings accounts. Not all of them will offer you a high interest rate. Typically a high interest rate is anything over 5%. The average savings account will give you anything from 1%-5% interest. While this is still better than a current account which gives you no interest, there are still better offers available.

There are online comparison websites that can help you to find higher interest accounts. However, below you will find some of the top Australian savings accounts currently available.

The Rabo Direct account is definitely one of the best available. It is quite a new high interest company and it is known for its excellent customer service.

Another great savings account is known as the St.George Direct Saver Account. Perhaps its best feature is that you can have a number of different savings accounts linked up to a St.George Freedom account. This means that you can save money for different purposes. Maybe you would like to save up for a holiday and have a separate account used for saving money for a new car? Having separate high interest savings accounts can really help you to reach your saving goals.

Which Company?

If you want a company that has been around for many years then you may want to opt for the ING Direct savings account. They have been known to be one of the top high interest providers for years now.

The above are just a few of the companies that you should look into. However, before opening an account with any of them, you should research your other options. You should always check that the high interest rate is not only set for a specific time period. Some accounts will draw you in with a limited offer. Once that offer expires after 6-12 months, you are left with a lower interest rate than many standard accounts. This is clever advertising that many people don’t bother to look into.

You should always read the terms and conditions of savings accounts too. Some may require that you save a set amount each month. Do you need a flexible high interest account? Think about your needs and then choose an account which best suits them. It makes sense to gain interest on your savings, rather than leaving them in an account which isn’t making you any extra money.

ING Direct Orange Everyday Account Offer Ingdirect.com.au/money

admin — Mon, 08 Nov 2010 00:08:02 +0000

Have you had enough of your current bank? Are the endless bills and fees getting you down? Do feel like you are getting little in return for your custom?

If these are questions you can answer yes to then it could be time to change your bank. Although many people become “tied” to their banks, or worry they may be penalised in some way for changing company, let us put your minds at rest. Changing banks can not only save you money, but also give you a much better quality of service, as well as peace of mind.

If you are thinking of “jumping ship” then now could be the perfect time, and we could have found one of the most generous current accounts available on the market! Let us introduce you to the ING Direct Orange Everyday Account.

What’s On Offer?

So what does this current account from ING give you that other banks current accounts do not? Well let’s have a look at their main offerings:

No account fees – The Everyday account charges no transaction fees, allows you to withdraw money from ING Direct ATM without charge, and best of all charges you no account management fees ever!

Free bonus money – As an amazing welcome to new customers, ING will hand you $5 every month for the first 6 months you have your account open. The only condition is that you must place at least $2000 into your ING Direct Orange Everyday account each month to qualify.

Worldwide use of account – Being a Visa backed debit account you will be able to use your ING debit card all around the globe. Any retailer displaying the Visa sign will allow use of your Everyday card, meaning no matter where you are in the world you will always have access to your cash.

Linked accounts – This feature will be music to the ears of anyone that also has any other ING accounts. All of your accounts can be interlinked for the ability to carry out instant transfers and payments between any of your accounts.

Offset- If you happen to hold an ING home loan then the Everyday account will become an offset account for you saving you money on your home loan.

Money back – Do you like the idea of your bank actually giving you some money for a change? Then you will love this feature. If you withdraw $200 or more from your ING account then they will pay the ATM owners fee on your behalf. In other words if you only ever withdraw cash in sums of $200 plus, you will never pay an ATM fee again!

Great Service And Easy To Apply

Good customer service is always important to consumers, and at ING you will always be able to speak to a helpful member of staff who will happy to aid you with any queries or questions you may have in relation to your accounts. They are also able to help you with any concerns you may have about applying for your account.

Currently you are only able to apply for your Everyday account online, however the process is very easy and fast. Generally you will just need your personal details such as address, date of birth, employment details, Australian mobile number, and an Australian email address to complete the application.

They will ask you for some sort of identification, as by law they have to confirm your identity before opening your account. How long this offer will be available is unknown, so if you are sitting on the fence, now is the time to act!

High Interest Accounts For Every Australian

Toni — Mon, 27 Sep 2010 03:40:28 +0000

Great news! Now every person in Australia can have access to high rate interest accounts. The internet lets you see at a glance a variety of quality products that may be of interest to you. You can now have greater choice where, how and when to invest your hard earned savings!

High interest savings accounts are no longer the sole domain of a few banks.

The new way we are doing our banking requires a more flexible approach from our financial institutions. Because people are now smarter when it comes to investing their money.

With the advances in technology, you can have access to your money while on the move with your portable device such as your laptop, iphone or your personal computer from home, the office, even when you are in an isolated place in Australia – thanks to mobile internet.

When you compare high interest accounts it is important to consider that each high interest savings account is different … not one size fits all.

See what interest rates are payable on the account. You can then compare them to other high interest accounts to make sure they are competitive. Make sure you know if the interest rate is a standard variable rate or simply an introductory rate for a fixed period, e.g. 4% for 12 months.

See how the interest is calculated and paid. It’s most common for interest to be calculated on a daily basis and paid into your account once a month. Also wise to know how the fee structure works so there are no nasty surprises in fees when you receive your bank statement.

Online high interest savings accounts may offer slightly lower rates. The funds are often more accessible to you. These types of accounts are more popular amongst the general public. They tend to offer more flexibility with regards to withdrawals and deposits than some other higher term deposits. These types of account often lower fees or no fees when compared to some term deposits.

More great news! Savings Account Comparison is helping Aussies make the right choice when comparing high interest accounts.

You can compare high interest accounts anywhere in Australia. From Adelaide, Melbourne, Brisbane to Sydney and even Parramatta. No matter where you are in Australia – you can apply online or compare the best high interest accounts at Savings Account Comparison.

Savings Account Comparison is available online 24/7 and it’s 100% FREE. You can apply online and compare the best high interest savings accounts by reading our easy to see savings account comparison charts.

Savings Account Comparison takes the guesswork out of helping you find a suitable financial product and their savings account ratings. Our savings account comparison site is independent of the banks. We do not store your information and financial transaction are done through each banks own secure website.

Savings Account Comparison – 4 Quick Savings Account Tips

Toni — Sat, 25 Sep 2010 05:03:03 +0000

How To Compare and Apply For The Best Savings Accounts In Australia.

You work hard for your money. So Savings Account Comparison has made it safer, faster and easier to compare and apply online for Australia’s best regular or high interest savings accounts.

The most common savings accounts in Australia are:

What to look for when comparing online savings accounts

Current research suggests over 80% of all internet users do online banking. The supply and demand for online savings accounts are at an all time high. Online banking has created some win-win situations for both the banks and for you the consumer. Firstly, interest rates for online savings accounts can be much higher than traditional bank savings accounts because banks have fewer expenses with online banking.

Banks that provide online banking have lower overheads as there are no physical branches to operate and in-turn less human resources. Which means you can reap the benefits financially.

When comparing which online savings account is right for you, keep in mind not all accounts are the same. You need to find one that suits you, your budget and investment goals. What access will you have with your funds to add to or take out money out? Look into the fee structure to see how they may affect you financially.

When you apply online for a savings account be sure to read the fine print. Just as you would observe for any financial business transaction.

What to look for when comparing no-fee savings accounts

No-Fee savings accounts mean there is no bank or on-going fees added to your savings account. These are a great idea as you are able to have access to your money without any hidden fees that can cost you money.

Some online savings accounts have no fees for when you add or take money out of your investment. While other accounts such as some fixed term deposits, there may be fees for early withdrawals which may affect your interest payable, even eating into your investment capital.

One great thing about no-fee savings accounts is you don’t get hit with hidden fees and can watch your money grow!

What to look for when comparing children’s savings accounts

Financial education is as important as scholastic education for younger children. Therefore, it’s never too early to start teaching children about money management. Simply by opening the right savings account for your child will help prepare them to be financial savvy.

The important thing to look for when opening a savings account for a child is the interest rate. When choosing a savings account – look for an account that pays the highest possible rate … even on a low balance.

What to look for when comparing student savings accounts

Student’s savings account are designed for primary or secondary students or students who are studying full time. So what do you look for when comparing primary or secondary student’s savings accounts?

Student savings accounts generally have non-existent fees. This helps you save money by not paying huge fees for your withdrawals or deposits.

If you’re a tertiary student who is trying to juggle school, working, a lifestyle and your finances then a student account may be just what you need. Low or no fees, perhaps an atm card, access to your money when you need it. Not needing to worry fees will eat it all up at the end of the month.

Remember when applying for an online student savings account in Australia you may need to provide your student number, perhaps your proof of age with a birth certificate or passport and your contact details – like your address, phone and email.

Saving Account Comparison is about helping Aussies make the right choice when comparing the best online savings accounts. On this 100% FREE Australian website you can compare high interest, no-fee, children’s or student online savings accounts. Compare savings accounts from Virgin, St George, Bankwest, UBank, AMP, ANZ, Citibank, HSBC, ING, NAB, RaboDirect and Suncorp.

Savings Account Comparison takes the guesswork out of helping you find a suitable financial product and their savings account ratings. Our Savings Account Comparison site is independent of the banks. We do not store your information and financial transaction are done through each banks own secure website.

Use these 4 quick savings account tips to compare and apply online for the best online savings account in Australia.

High Interest Savings Accounts – What To Look For

Toni — Thu, 23 Sep 2010 07:45:22 +0000

You want your money to work for you gaining as much interest as possible.

Using the internet you can find out the savings account comparison, see which one or types of products are of best value to you.

The internet now makes comparing high interest savings accounts easy, with the information available to you at the click of a button.

Banking and many other financial transactions can now be performed in a lot smarter and quicker ways. People are now mobile and need access to their money using devices such as iphones, mobile phones or notebooks. This technology has increased the demand for high interest savings and online savings accounts.

It’s important to remember when you look at the different products to look into the fee structure plus the interest payable. Make sure you understand the terms are they variable or is at a set rate say 8% for 12 months. The easier the account terms are to understand, the better it is for you to make money with your investment.

The Internet allows you to have instant access to a variety of quality financial products. Therefore, getting the best regular savings account that suits you is easier.

Here are some things to consider when you’re comparing and applying to open any new savings account:-

High interest savings accounts.

If you are looking for a return at a high interest rate, then consider a high interest account. High interest savings accounts may have a higher rate of return than a standard savings product. Have a look at the different products available and compare what each of them has to offer in product terms, rates of return and fees.

Flexibility

It is wise to make sure a product suits you and not the other way around. Finding a savings product that suits your budget, lifestyle and investment goals is essential. Reading the product disclosure thoroughly is a good idea before signing up as what may sound appealing may end up costing you money in fees.

Accessibility

Check out the access limits and fees that are available on the account. For instance, there may be withdrawal penalties for money taken early. See what options are available for adding to the savings account or taking money out if needed.

Performance

By reading and comparing the different types of accounts, you are able to see clearly the ones that perform the best. For instance you can see which are paying the most in terms of interest, see who is more competitive in that particular product market. Competition is good for you, as businesses have to meet new market standards to stay in front of their opposition.

Security

When dealing with any financial institution or business, you need to be assured that any money you invest is safe as Fort Knox.

Weighing up the positives and negatives of any savings account is easier if the information is displayed clearly.

Savings Account Comparison compares for you the best high interest savings accounts from some of Australia’s leading banks; like:

High Interest Accounts To Boost Your Savings

Toni — Tue, 21 Sep 2010 11:39:58 +0000

High interest accounts are a great way to make your investments grow! The good news is there are a variety of quality high interest accounts available.

The Internet allows you to compare high interest savings accounts Australia wide with the click of a button.

When you are comparing the various products it is important to remember that each one is different. You need to find one that suits your lifestyle, your saving patterns and investment goals.

Check to see what interest rates are payable on the account. You can then compare them to other high interest accounts to make sure they are competitive. Make sure you know if the interest rate is a standard variable rate or simply an introductory rate for a fixed period, e.g. 6% for 12 months. See how the interest is calculated and paid. It’s most common for interest to be calculated on a daily basis and paid into your account once a month.

Find out what the minimum deposit required is when opening any account. Some of the best high interest saving accounts have no minimum deposit required. Other accounts may require an initial lump sum; say $2,000 to open the account.

To not find unpleasant surprises at the end of the month, get to know your account fees structure. These may come in the form of a monthly account fee or usage related fees. For example charges for making a transaction or contacting customer services via phone instead of online.

There is always an element of risk when working with your money. By being informed and understanding the good, the bad and the ugly side of your account (fees), you can make better investing decisions.

Interest penalties – there may be indirect account fees payable too. Look out for online saving accounts that charge an interest penalty when withdrawing money from your account. One indirect charge made by some banks is to penalise you by paying no interest for the months in which any funds are withdrawn from the account.

Take your time to research and find a quality high interest savings account. One that suits your goals and your lifestyle. You want to make money not lose it!

Find The Best Online Savings Accounts In Australia

Toni — Sun, 19 Sep 2010 04:11:59 +0000

Are you tired of the banks siphoning your hard earned money?

Want to make money instead if seeing it go down the drain in fees every month? Then online savings accounts could be just what you are looking for! Online savings accounts are like your normal savings accounts. They can be accessed online by you, with the help of a secured net banking password and user name.

Most online accounts will need to be linked to an everyday transaction account. Either the bank you already use or you can link to any existing account you may have with another provider. You may also want to take a closer look at eligible linked account options from each bank. The key is to make you money not lose it in hidden costs.

Online savings have gained in popularity. They are an ideal product for those who are looking to maintain a long term savings account. They are able to earn you high interest, continuing to let your investment grow, while you manage your everyday money hassle free.

People are looking to do banking and invest their money in a smarter way.

In ways that make your life simpler, getting results you can depend upon. You can do your banking on your pc at home, the office, walk into a branch or on portable devices like your mobile phone. You deserve a flexible savings account that will suit your existing budget and help you achieve your financial goals.

Financial institutions are offering a huge range of fixed term deposits and variable with high interest rates. When shopping around for an online account, it is a good idea to compare online savings accounts. While comparing high interest accounts, why not compare the interest rates (both the introductory rate and the standard rate).

Often promotions offer an interest rate say 8% for 12 months. The interest rate may vary according to how much you have invested with them at any one time.

Fixed-term deposits carry a high fixed interest rate, which is good for you the customer. Higher deposits usually bring higher interest rates.

The higher the interest rate the more your investment will earn.

Be aware of any withdrawal restrictions. If you withdraw funds early from a fixed-term deposit, the penalties you may get generally cancel any interest earned, possibly eating into your capital. The fixed-term deposit rate stays the same until the term is expired.

Online high-interest savings accounts offer slightly lower rates. The funds are more accessible as the term of the deposit is not fixed. These types of accounts are more popular amongst the general public. They offer you more access with managing your money. There are a host of low or no-fee accounts. It is a matter of having access to the the most up-to-date information.