Savings Accounts & Term Deposit Comparison

	account details	Monthly Fee	Minimum Balance	Interest Rate	Open Today
	RaboDirect High interest Savings Account High interest, calculated daily. No fees or minimum balance.	$0	$0	5.60% for 4 months then 4.85%	Featured AccountOpen today
	UBank USaver Online Savings High interest savings account with no fees to pay or minimum balance required.	$0	$0	5.51%	Editor's ChoiceOpen today
	HSBC Serious Saver A high interest online savings account with no fees to pay.	$0	$0	5.55% for 4 months then 4.25%	Editor's ChoiceOpen today
	ANZ Online Saver High interest account with no minimum balance or fees to pay.	$0	$0	5.50% until 30 Sep 2012 then 3.75%	Open today
	Citibank Online Saver High interest savings account with no minimum balance or fees to pay.	$0	$0	5.70% for 4 months then 4.25%	Open today
	Bank of Melbourne Maxi Saver High interest online savings account. Easy access 24/7, No fees.	$0	$0	5.75% for 3 months then 4.30%	Open today
	BankSA Maxi Saver High interest online savings account with no fuss and no fees.	$0	$0	4.85%	Open today
	St.George Maxi Saver High interest online savings account with easy access and no fees.	$0	$0	5.70% for 3 months then 4.30%	Open today

Want to Boost Your Savings? Start Here!

At SavingUp.com.au we want to encourage as many Australians as possible to start saving money – it’s what we’re here for. We provide a completely free savings account comparison service that makes comparing savings accounts and term deposits easy, fast and painless. There are a lot of accounts to choose from and no two products are the same. But with our helpful comparison tables and impartial reviews, choosing the account that’s right for you with the highest interest rate and lowest fees is a breeze. With this in mind, here are some helpful tips to help you steadily grow your savings.

It’s all in the mind: Dave Ramsey, the famous personal finance guru, often says that dealing with money is 80% personal and 20% is finance. What this means is that you’ve got to get mentally prepared to save. If you haven’t realised the importance of saving money, then chances are you won’t follow through. You can be a genius at managing money, but if you won’t have any funds to manage if you aren’t motivated to save in the first place!

Think long term: Even though there are some great savings accounts with high interest rates available on the market, to really maximise your savings you’ll need to keep your money in your account for the long term (and keep adding to it). Start thinking of saving money for the long term, because that’s how you’ll get the best returns.

Pay your debts off first: The idea of saving money is an attractive one because having a stash of cash gives you security and the confidence to do things you may not have otherwise. However, there is no point saving money when you still have outstanding debts to pay back. Credit card debt is often charged in the region of 20%, well above the interest rate you get from a savings account. Before you start saving in earnest, pay your debts off!

Make it a habit: Watching your savings grow might be exciting initially, but like anything else, the shine soon wears off. This is exactly why you should make saving money a habit. Making it habitual makes it much easier to keep saving money, even when you get the urge to spend.

Automate: Even best laid plans can go wrong. Perhaps you may forget to transfer money from your transaction account to your savings account, or maybe you’re away on holiday and can’t get to the bank to make the transfer. This is where automation comes in. Practically every bank will let you set up automatic payments to disburse money from one account to another, which means you’ll never forget!