Question:

What are the types of Savings Accounts in Australian banks?

by Guest4347 | 12 years, 8 month(s) ago

I am opening a bank account in Australia, first time and I want to know about this type of account. Can I get some help please?

Tags: accounts, Australian, banks, savings, types

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Guest7828

Many of Australia’s top banks have online savings accounts that offer higher interest rates. These accounts are easy to set up and easy to access. Putting money in such a savings account means that it will be available in case of an emergency, but earning interest.
There are several excellent kinds of saving accounts available to Australian investors. These include high interest savings accounts and term deposit accounts. The advantage to these accounts is that they give a person access to funds yet allow them to collect interest on those funds. The best savings accounts for the average person are the various online savings plans offered by Australia’s major banks. These are easy to set up and donate money to and they offer few risks.
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