investment-accounts

Compare best investment accounts

Want to find the best investment account for you? How much do you like risk?

There are many ways to make your money grow. Cash deposits, such as savings accounts, provide a steady income in the form of interest payments, while trading shares, derivatives and foreign exchange provides the potential for quick capital gains (as well as losses). Each type of investment account pays a different return on your dollar and has different levels of risk. If you’re looking to earn more, start by considering whether you’re comfortable taking a loss. Other factors, such as investment size and horizon, also play a part. You can find an analysis of each type of investment account below.

$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned Product Description
ING DIRECT Savings Maximiser
3.00%
1.50%
1.50%
$0
$0 / $0
Ongoing, variable 3.00% p.a. when you link to an ING Orange Everyday bank account and deposit $1,000+ each month. Available on balances up to $100,000.
Bankwest Hero Saver
2.65%
0.01%
2.64%
$0
$0 / $0
Ongoing, variable 2.65% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
ME Online Savings Account
3.05%
1.30%
1.75%
$0
$0 / $0
Ongoing, variable 3.05% p.a. rate when you link to a ME Everyday Transaction account and make a weekly purchase with your Debit MasterCard using tap & go. Available on balances up to $250,000.
Bank Australia Bonus Saver Account
2.60%
0.15%
2.45%
$0
$0 / $1
Ongoing, variable 2.60% p.a. when you deposit at least $100 and make no withdrawals. Available on the entire balance.
Citibank Online Saver
2.85%
1.70%
1.15%
$0
$0 / $0
Introductory rate of 2.85% p.a. for 4 months, reverting to a rate of 1.70% p.a. Available on balances below $500,000.
NAB Reward Saver
2.55%
0.50%
2.05%
$0
$0 / $0
Ongoing, variable 2.55% p.a. when you make at least one deposit by the second last banking day of the month and make no withdrawals. Available on the entire balance.
Bank Australia Online Saver Account
1.65%
1.65%
0.00%
$0
$150,000 / $5,000
Ongoing, variable rate up to 1.65% p.a. when you link to a Bank Australia Everyday Access or Pension Access or a mortgage offset account. Available on balances more than $5,000.
Bank Australia mySaver Account
2.60%
0.15%
2.45%
$0
$0 / $10
Ongoing, variable 2.60% p.a. when you deposit $10+ each month and make no withdrawals. Available on balances $10+ and to customers under the age of 25.
HSBC Serious Saver
2.50%
1.60%
0.90%
$0
$0 / $0
Introductory rate of 2.50% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $1,000,000.
NAB iSaver
1.90%
1.20%
0.70%
$0
$0 / $0
Introductory rate of 1.90% p.a. for 4 months, reverting to a rate of 1.20% p.a. Available on balances below $20,000,000.
MyState Special eSaver Account
2.50%
2.50%
0.00%
$0
$0 / $0
Ongoing, variable rate of 2.50% p.a. Available on a balance over $50,000.
ANZ Progress Saver
1.81%
0.01%
1.80%
$0
$10 / $10
Ongoing, variable 1.81% p.a. when you deposit $10+ each month and make no withdrawals. Available on the entire balance.
Westpac eSaver
2.51%
1.00%
1.51%
$0
$0 / $0
Introductory rate of 2.51% p.a. for 5 months, reverting to a rate of 1.00% p.a. Available on the entire balance.
BankSA Maxi Saver
2.75%
1.00%
1.75%
$0
$1 / $1
Introductory rate of 2.75% p.a. for 3 months, reverting to a rate of 1.00% p.a. Available on the entire balance.
ANZ Online Saver
2.55%
1.15%
1.40%
$0
$0 / $0
Introductory rate of 2.55% p.a. for 3 months, reverting to 1.15% p.a. Available on the entire balance.
Bank of Melbourne Maxi Saver
2.75%
1.00%
1.75%
$0
$1 / $1
Introductory rate of 2.75% p.a. for 3 months, reverting to 1.00% p.a. Available on the entire balance.
BankSA Incentive Saver Account
1.75%
0.01%
1.74%
$0
$0 / $0
Ongoing, variable 1.75% p.a. when you make at least one deposit each month and no withdrawals. Available on the entire balance.
Bank of Melbourne Incentive Saver
1.75%
0.01%
1.74%
$0
$1 / $1
Ongoing, variable 1.75% p.a. when you make at least one deposit and no withdrawals each month. Available on the entire balance.
Westpac Reward Saver
1.75%
0.01%
1.74%
$0
$0 / $0
Ongoing, variable 1.75% p.a. when you deposit at least $50 and make no withdrawals each month. Available on the entire balance.
HSBC Flexi Saver Account
2.00%
1.50%
0.50%
$0
$0 / $0
Ongoing, variable 2.00% p.a. when you deposit $300+ each month (other conditions apply). Available on balances up to $5,000,000.

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No-risk investment accounts

There is almost no risk in this type of investment. You will make some capital gains with no potential for loss. However, to make big profits, you’re going to have to take on risk.

Savings accounts

One of the most widely used types of investments, savings accounts are a no-risk cash investment.

A savings account:

  • Has no minimum deposit requirements
  • Is an ongoing investment
  • Can earn you an income from interest payments based on the size of your cash deposit
  • Can sometimes pay bonus interest during an introductory period or pay bonus interest when you meet deposit and withdrawal requirements
  • Allows your money to remain available to withdraw when you want
  • Can be accessed either online or at a bank branch
  • Is fee-free
  • Can be used for personal use

Notice saver accounts

A notice saver is a hybrid of a term deposit and a savings account.

Rates last updated May 27th, 2017
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit
RaboDirect Notice Saver (31 days)
Ongoing, variable 2.60% p.a. when you link to RaboDirect HISA account and give 31 days notice to access funds. Available on balances up to $250,000
2.60% 2.60% 0.00% $0 $0 / $0 Go to site More

A notice saver account:

  • Can pay returns similar to a term deposit
  • Requires that you give the financial institution notice, typically 30, 60 or 90 days, when you want to withdraw your funds
  • Is fee-free
  • Has a variable rate of interest, unlike a term deposit
  • Is an ongoing investment; funds are withdrawn to a linked transaction or savings account
  • Can have no minimum deposit requirements

Cash management accounts

A cash management account is like a savings account, but the key difference is that this type of investment account can be opened in the name of a company or trust.

Rates last updated May 27th, 2017
$
Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
ANZ Premium Cash Management Account
Ongoing, variable 1.50% p.a. when you link to access card from ANZ. Available on balance $500,000 plus.
Visa $0.50 More
Macquarie Cash Management Account
Invest your money and have at call access plus pay no account keeping fees.
Visa More
Bank of Queensland Cash Management Account
Ongoing, variable 1.45% p.a. when you deposit $5,000+ each month. Available on the entire balance.
Visa $0.65 $5,000 A monthly fee applies if your balance falls below $5,000. More
Citibank Cash Investment Account
Ongoing, variable 1.90% p.a. Available on balance $250,000 and above.
Mastercard $0 $0 Free access to your cash at over 3,000 Citibank, Westpac, St.George, BankSA and Bank of Melbourne ATMs throughout Australia. More
IMB Cash Management
Ongoing, variable 1.20% p.a. when you link to IMB Visa debit card. Available on balance $250,000 and over.
Visa $0.70 $0 No monthly account keep fee with unlimited fee-free phone and Internet banking. More
NAB Cash Manager
Ongoing, variable 1.00% p.a.. Available on the entire balance.
Visa More
BankSA Investment Cash Account
Ongoing, variable 0.45% p.a. Available on the entire balance.
N/A $0.60 $0 No monthly account fee, up to 5 everyday withdrawals per month. More
St.George Investment Cash Account
Ongoing, variable 0.45% p.a.. Available on balance $500,000 and over.
N/A $0.60 $10,000 More
Community First Money Market Account
Ongoing, variable 1.25% p.a. Available on balance of $100,000 and over.
N/A $0 More

A cash management account:

  • Has minimum deposit requirements
  • Works as an intermediary between investments
  • Can be opened as a cash-hub for self-managed super funds (SMSFs) or investors
  • Is used as an account for investment income to be paid into and for expenses to be paid out of
  • Is an ongoing investment where funds are available at-call
  • Can be accessed through your cheque book, a bank branch and online
  • Is interest bearing and generates interest for the account holder
  • Has no monthly fees, although some transactions such as branch withdrawals and cheque payments can attract transaction fees

Term deposits

A term deposit is a set and forget investment. You agree to deposit your money for a fixed term and get paid a fixed amount of interest over the life of the investment.

$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
Citibank Term Deposit $75,000
-
-
2.80%
-
-
-
-
-
$75,000
Citibank Term Deposit $250,000
-
-
3.00%
-
-
-
-
-
$250,000
ME Term Deposit
2.50%
2.50%
2.70%
2.85%
3.00%
3.00%
3.00%
3.00%
$1,000
St.George Term Deposit
2.10%
1.85%
2.20%
2.55%
2.60%
2.60%
2.70%
2.95%
$1,000
BankSA Term Deposit
2.10%
1.85%
2.20%
2.55%
2.60%
2.60%
2.70%
2.95%
$1,000
Bank of Melbourne Term Deposit
2.10%
1.85%
2.20%
2.55%
2.60%
2.60%
2.70%
2.95%
$1,000
Bankwest Online Term Deposit
2.35%
1.50%
2.55%
2.55%
2.60%
2.60%
2.65%
2.65%
$1,000

Compare up to 4 providers

A term deposit:

  • Has a minimum deposit requirement higher than a savings account but often lower than a cash management account
  • Requires you to lock your money away for a term ranging from a couple of months to a couple of years
  • Pays a fixed rate of interest over the life of the investment
  • Is a fee-free investment, though break fees apply for withdrawing funds before the end of the term (maturity)
  • Is available to both personal and institutional investors
  • Is not an ongoing investment, but funds can be rolled over to another term deposit at maturity
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Risky investment accounts

These investment accounts have the potential to provide big capital gains as well as big capital losses.

Share trading accounts

This type of investment account acts as an intermediary to the stock market and allows you to buy and sell equities and invest in other listed financial instruments on Australian and international stock exchanges.

Name Product Monthly Fee Standard Brokerage Fee Margin trading - Online IPOs / Floats International Description
IG Share Trading
$0
$8
Yes
Yes
Yes
Low brokerage fees on Australian and international shares.
Saxo Capital Markets Share Trading
$0
$9.90
Yes
No
Yes
Access over 19,000 Australian and global shares.
HalifaxOnline
$0
$14.95
Yes
Yes
Yes
Trade US and Australian shares, options, futures and CFDs with no registration fees. Trade 24/7 on your desktop, tablet or smartphone.
FP Markets Share Trading Account
$0
$14.95
No
No
Yes
Trade in ASX Stocks and CFDs, International CFDs, CFD Futures, Forex, Indices and Commodities.

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A share trading account:

  • Gives you access to a wide range of investments: shares, CFDs, ETOs, warrants and more
  • Allows you to leverage your investments using margin trading
  • May have fees charged when you open an account, and a commission is charged when you trade
  • Has the potential for capital gains far above what you can get by investing your money in a term deposit, but there is also the potential to lose money if your investments perform poorly
  • Can be opened by both personal and institutional investors
  • Can have funds credited to and withdrawn from it electronically

Forex trading accounts

This investment account gives you the ability to speculate and bet on the future movement of international currency pairs.

Rates last updated May 27th, 2017
Details Features
FP Markets FX Trading Account
FP Markets FX Trading Account
Trade forex using an Electronic Communications Network (ECN) model, meaning FP Markets doesn't profit from client losses. Two account types to choose from. Spreads: From 0.8 pips Go to site More info
Plus500 CFD Forex Trading Service
Plus500 CFD Forex Trading Service
Trade Australian and international CFDs on shares, forex, indices, commodities and more. $30 welcome bonus available. T&C's apply. Spreads: Spread only Go to site More info
IG Forex Trading Account
IG Forex Trading Account
Trade from over 10,000 markets with Australia's leading service for CFD trading and forex. Spreads: From 0.6 pips Go to site More info
Vantage FX
Vantage FX
Low commission fee on trades with $0 account keeping fee. Spreads: From 0.0 pips Go to site More info

A forex trading account:

  • Requires specialist knowledge
  • Can be opened by both personal and institutional investors
  • You need to pay fees to the forex platform provider in the form of  spread.
  • Gives you access to other investments such a commodities and managed funds
  • Can leverage investments, which allows you to trade with more capital than you actually have. This trading strategy magnifies your profits and losses, depending on the outcome.

The latest news in banking

What about robo advisers?

Robo advisers are a new type of investment account that can tell you where to invest your money according to your risk profile. There are two types of robo adviser services available. Robo advisers such as Six Park require you to invest money in a passively managed investment portfolio. Alternatively, services such as Macquarie Bank Owners Advisory provide advice on your existing investment portfolio.


The best investment account for you depends on your risk appetite, how much you have to invest and your investment horizon. If you have questions about the different types investment accounts available, get in touch with us using the form below.

Jacob Joseph

Jacob is a writer and video journalist with finder.com.au. Credit cards, personal loans and savings accounts are his bread and butter, and he likes nothing more helping people understand the sometimes overly complex world of personal finance.

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Savings Account Offers

Learn about our information service
ING DIRECT Savings Maximiser

Maximum Variable Rate

3.00

Standard Variable Rate

1.50
ME Online Savings Account

Maximum Variable Rate

3.05

Standard Variable Rate

1.30
Bankwest Hero Saver

Maximum Variable Rate

2.65

Standard Variable Rate

0.01
Citibank Online Saver

Maximum Variable Rate

2.85

Standard Variable Rate

1.70

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