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This depends on the savings account, and in many cases there won’t be a maximum. https://www.divephotoguide.com/user/weapondibble4 about high interest savings accounts How to apply for a high interest savings account Types of high interest savings accounts How do high interest savings account work? How to pick the best high interest savings account
We do not guarantee that all savings accounts available in Australia have been considered for this comparison. Below we've rounded up more of the top savings rates from our database, both overall and for different account types. The top ongoing savings rate with no bonus conditions or upper age limits is 4.60% p.a.
The survey also reveals that almost half of Australians in their 60s (45%) don't know whether the interest rate on their savings account is keeping pace with inflation. Among those who do keep track, 26% say their savings rate is below inflation, meaning their money is going backwards in real terms, while 16% say it’s roughly keeping pace. New research from Money.com.au shows almost half of Australians (47%) don’t know if the interest rate on their savings account is keeping up with inflation. A savings account with tiered interest pays a different rate on different portions of your balance. Some accounts offer extra interest (at a fixed rate) for the first few months only, as an incentive to get savers to sign up. https://raindrop.io/crayonera2/albrightsmart6441-68473536 is the standard variable interest rate that applies by default to money saved in the account.
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