To help entice new customers, some institutions often offer bonus introductory interest rates. The base interest rate (also known as the standard variable rate) is the ongoing rate you’ll be paid on your savings after any introductory bonus period ends, or if you don’t meet certain conditions for earning bonus interest (such as depositing a certain amount into your account each month).
If you’re looking for a competitively high ongoing rate for your savings, then you might be interested in the top base interest rates on our database. Highest ongoing savings account interest rates on Canstar’s database While this means many home loan borrowers may be facing increased mortgage repayments, savers are seeing better returns on their deposits. With the recent cash rate raises from the Reserve Bank of Australia (RBA), interest rates are also on the rise. We round up the top high interest savings accounts on our database.
If you’re looking to boost your savings you might be interested to know who’s offering a good interest rate.
