Saving & Investing
A savings account is a complementary bank account to your cheque account but is a brilliant way of earning interest. As one of the most popular types of accounts, an instant access savings account will give you:
- Immediate access to part or all of your money, with no penalties for early withdrawals
- Interest calculated at an annual rate and paid monthly
- A higher interest rate the more you save
For help making an easy decision on the best type of instant access saving account view the Amount, which is the minimum amount required to open the instant access savings account and then review the interest rates earned.
Not for you? If you would rather invest your money in a savings account without withdrawing from it, try a term deposit account.