Savings Accounts
Find and compare savings accounts to get the highest rated account with Star Ratings. There are many different types of savings accounts and these mind your money with varying degrees of flexibility, usually tied to interest rates on offer. The most common savings accounts are: savings accounts, online savings accounts, children's savings accounts, cash management accounts, and term deposits. Read more ...
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Australia | New Zealand
Savings Accounts Guide
Star Ratings
Star Ratings are a guide to help you if you are shopping for a new savings account, or simply wish to find a savings account that represents superior value for money. Only the top savings accounts are given a Five Star rating.
Types of Savings Accounts
- Online Savings Account
An internet account with a high interest rate. - Savings Account
Good interest rate with access via ATMs, EFTPOS etc. - Cash Management Account
High interest rate with easy access via ATMs, EFTPOS etc.
Learn about savings accounts
Star Ratings Library
Looking for a previous savings account star ratings report? The Star Ratings Library lets you find the best rates, features, and star ratings from previous savings account reports.
Visit the Star Ratings Library!
CANNEX star ratings are a benchmark to help you compare financial products based on their rates and features.
Only the top 5% of products are awarded the prestigious five star status.
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CANNEX Comments
What to look for in a savings account |
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"When shopping around for a savings account, there are a number of things you should look for. First of all, try to find an account with a good interest rate, and no account keeping fees. Ask if the account has a minimum balance. And make sure you compare the interest rate to other savings accounts, so you know you're getting a good deal." - Steven Mickenbecker, CANNEX Head of Research, Product and Strategy. |
Online savers, a good alternative to term deposits? |
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"This is one of our most commonly asked questions, and the short answer is yes. Online savers provide a relatively safe place to deposit money and offer a high interest rate. While term deposits may offer an even higher rate, they do not allow the same instant access to your money. Online savers are a good investment option, especially if you think you will need access to the money at some point in the near future." - Peter Arnold, CANNEX Analyst. |