What is the best savings interest rate in Australia?
5 top high interest savings accounts in Australia*
Savings account |
Interest rate |
ING Savings Maximiser |
Up to 1.35% p.a. |
AMP Saver Account |
Up to 1.35% p.a. |
86 400 Save Account |
Up to 1.20% p.a. |
Rabobank High Interest Savings |
Up to 1.35% p.a. |
How much do banks make on savings accounts?
The average savings account earns an annual percentage yield of around 0.06%, while high-yield accounts currently earn around 0.5% APY.
Is Mozo a bank?
Monzo Bank Ltd (/ˈmɒnzoʊ/), is an online bank based in the United Kingdom. Monzo was one of the earliest of a number of new app-based challenger banks in the UK.
What is the best bank in Australia?
The top 10 banks in Australia are:
- National Australian Bank (NAB) ...
- Westpac Bank. ...
- Bank of Queensland. ...
- Macquarie Bank. ...
- Bendigo Bank. ...
- AMP Bank Ltd. ...
- Suncorp Bank. ...
- Bankwest.