High interest savings accounts do exist though they are fewer in number than they used to be. In order to use a high interest savings account for its full benefit, you have to do things strategically. If you gather all the necessary information and use it accordingly, you can use these accounts to your advantage. [...]
Compare High Interest Savings Accounts
Find the best Savings Account with a High Interest Rate
High Interest accounts are designed to help you meet your savings goals. Typically these accounts have slightly higher rates than normal, everyday savings accounts. The majority of these accounts reward you for not making a withdrawal within a period of time - an extremely useful feature if you're trying to save for your next holiday, a big ticket item, or your child's education.
Most providers have special interest only savings accounts. Interest is usually paid on a daily basis (which makes a big difference to your balance over the long term), and often there is no minimum balance, making it easy to get an account up and running.
Top High Interest Savings Accounts Comparison| Savings Account | Account Details | Maximum Variable Rate p.a. | Standard Variable Rate p.a. | Bonus Interest p.a. | Fees | Min Balance/Min Deposit | |
|---|---|---|---|---|---|---|---|
 Citibank Online Saver |
5.70% | 4.25% | 1.45% | 0 | $0/$0 |
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 St.George Maxi Saver |
5.70% | 4.30% | 1.40% | 0 | $0/$0 |
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 ANZ Online Saver |
5.50% | 3.75% | 1.75% | 0 | $0/$0 |
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