Best 5 High Interest Savings Accounts in Australia (2024)

In this video, I’m going to show you 5 of the best savings accounts in Australia that pay you the highest interest for your money.

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‼️ Disclaimer:
Although I have a Finance degree, I am not a financial advisor, and my comments are for entertainment purposes only. It does not take into account your objectives, financial situation or needs. Please perform your own due diligence when investing your money or seek the advice of a licensed advisor.

#SavingsAccount #interestrates #bankaccount

⏰ TIMESTAMPS
0:00 - Ubank Save Account
2:43 - ING Savings Maximiser
5:53 - Virgin Money Boost Saver Account
7:49 -BOQ Future Saver Account
9:24 - Westpac Life Saver Account

[BryanInvest]

Last updated 22/01/2024:
Virgin Money Boost Saver Account: 5.35%
BOQ Future Save Account: 5.40%
Westpac Life Saver Account: 5.20%

[wendypersie]

I’m with UBank and loved their announcement for 3.35% 😃

[koreshgodi]

Hey Bryan, great video, do we have to pay tax on the interest earned?

[duangboonchetsada]

How long do I have to hold money in each bank 12 months? If I start next month do I have to deposit money till August 2024 in order to get bonus interest rate?

[cryptobro-hk]

I’m looking at UBank and Virgin money. Thanks for the video

[robsalvv]

My current bank is offering 1.5% as their bonus saver account, with the only condition being $100 minimum per month deposit. The money is at call. Or 3% up to $250k locked away for 12mths. That is making ubank look pretty good, especially in October! Thanks for the vid.

[thealcobies]

With ING, one of the qualifying requirement was to purchase 5 times each month. However, it also required that the account balance next month is bigger than the current month, meaning we have to deposit more than $1k each month to qualify for the high interest?

[monicam]

Just found your channel and I'm addicted; everything is so applicable and informative- thankyou 😊

[hpruthi]

HSBC bonus savings 5%
No minimum balance required. Bonus interest is paid only when the balance increases by $300 or more per month (not including interest payments)
move the maximum of saving out on the last day of month to everyday savings account and move back in on 2nd day of month so that only 300 has to be increased to 600 and not 30000 to 30300, so just to keep the benchmark low

[swerve]

Hey Bryan can you do a review on Ubank? I'm really keen but not sure on what it would be like with them day to day, for example how I would go about withdrawing a sum of money more than what a normal ATM would allow? How's their customer service?

[mikeo]

Thanks for the video Bryan. What do you think about Virgin Money locking your money for a month before releasing?

[byhnpgt]

what about AMP bank, they offer 3.6% PA with only 250 being deposited each month.

[sarahlynch]

I have been hearing good things about UBank. I may give them a go.

[ep-]

I’m getting 5, 5% in ING Orange as of right now

[yosevaagung]

After I finished watching this video, I am so excited to join but I did a research for a week about ubank, and there is a lot of complain from custumers. They got 1.6 stars out of 5 😢

[JmacBogan]

still watching your videos mate, you're due for a new video soon yeah?

[lisavartforlife]

I made my first million as a beginner investing in the stock market with the help of a broker i met in a brokerage summit in Miami and he agreed to assist me, excited, additionally i have more time for my self and family, Great video, very informative

[thailanddiscovery]

ING here... Ubank looking good though with less hassle.

[AndrewLeeFinnigan]

The ING Savings Maximiser rate has now increased to 3.6%!!