The TOP - 22 business savings accounts - 05.06.2019

Bankchart.com.au has surveyed the terms of obtaining business savings accounts for 1 year in the national currency. The survey covered all the deposits with any form of interests repayment, regardless of the replenishment option or the deposit partial withdrawal option. Our website's analysts have studied the deposit offers from all Australian banks. Review date - 05.06.2019

As of 31 May 2019 the deposits under review have been offered by 22 banks.  The average interest rate under such deposits equals 0,89 % p.a. The total number of the deposits programs available for the specified terms is 41.

The maximal return among the deposits under review is offered by Hume Bank. The interest rate under "Farm Management Deposit Account" deposit program constitutes 2,40 % p.a. The table below shows the best offers by each bank selected by Bankchart.com.au (in terms of profitability) for the aforementioned terms.

The TOP-22 business savings accounts for 1 year, as of 31 May 2019

#

Name

Interest Rate

1

2,40

interest rate, %

rate type

variable

minimum sum

$ 10 000,00

2

2,25

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 10 000,00

3

2,00

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 200 000,00

4

1,90

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 500 000,00

5

1,80

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

6

1,75

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

7

1,70

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 250 000,00

8

1,70

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 5 000,00

9

1,50

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 10 000,00

10

1,50

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

11

1,50

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

12

1,25

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

13

1,05

interest rate, %

rate type

fixed

interest periodicity

monthly

minimum sum

$ 0,00

14

0,75

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 1,00

15

0,50

interest rate, %

rate type

variable

interest periodicity

annually

minimum sum

$ 10 000,00

16

0,40

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 10 000,00

17

0,40

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

18

0,40

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

19

0,40

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

20

0,40

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

21

0,40

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

22

0,15

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 500 000,00

To view the up-to-date rating of the deposits at our website here.

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