Which Australian bank offers the best introductory savings accounts08.01.2021

Bankchart.com.au has surveyed the terms of introductory savings accounts for termless 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 loan offers from all Australian banks. Review date - 08.01.2021

As of 24 December 2020 the deposits under review have been offered by 12 banks.   The average interest rate under such deposits equals 0,13 % p.a. The total number of the deposits programs available for the specified terms is 14.

The maximal return among the deposits under review is offered by Heritage Bank. The interest rate under "Online Saver" deposit program constitutes 0,65 % 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-12 introductory savings accounts for termless, as of 24 December 2020

#

Name

Interest Rate, %

1

0,65

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 1,00

2

0,35

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

3

0,05

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

4

0,05

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

5

0,05

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

6

0,05

interest rate, %

rate type

variable

interest periodicity

annually

minimum sum

$ 1,00

7

0,05

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

8

0,05

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

9

0,05

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 1,00

10

0,05

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 0,00

11

0,05

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 1,00

12

0,01

interest rate, %

rate type

variable

interest periodicity

monthly

minimum sum

$ 2 000,00

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

 
 

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