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.

Savings Account Offer

RaboDirect High Interest Savings Account

3.05 % p.a.

max rate

1.80 % p.a.

standard variable rate

Savings Account Offer

Introductory rate of 3.05% p.a. for 4 months, reverting to a rate of 1.80% p.a. Available on balances below $250,000

  • Maximum Rate: 3.05% p.a.
  • Standard Variable Rate: 1.80% p.a.
  • Introductory period: 4 months
  • Monthly fees: $0.00
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Rates last updated August 21st, 2018
$
$
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
RaboDirect High Interest Savings Account
3.05%
1.80%
1.25%
$0
$0 / $1
Introductory rate of 3.05% p.a. for 4 months, reverting to a rate of 1.80% p.a. Available on balances below $250,000
ING Savings Maximiser
2.80%
1.00%
1.80%
$0
$0 / $0
Ongoing, variable 2.80% p.a. when you link to an ING Orange Everyday bank account and deposit $1,000+ each month and make 5+ card purchases a month. Available on balances up to $100,000.
Bankwest Hero Saver
2.60%
0.01%
2.59%
$0
$0 / $0
Ongoing, variable 2.60% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
AMP Saver Account
2.55%
2.10%
0.45%
$0
$0 / $0
Introductory rate of 2.55% p.a. for 4 months, reverting to a rate of 2.10% p.a. Available on balances below $5,000,000.
AMP SuperEdge Saver Account
2.05%
2.05%
0.00%
$0
$0 / $0
Link to your SMSF. Ongoing, variable 2.05% p.a. when you link to AMP SuperEdge Cash Account or a different transaction account for your SMSF in another bank. Available on the entire balance.

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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 August 21st, 2018
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 2.50% p.a. when you link to RaboDirect HISA account and give 31 days notice to access funds. Available on balances up to $250,000
2.50% 2.50% 0.00% $0 $0 / $0 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 August 21st, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
ANZ Premium Cash Management Account
N/A
$0.50
$0
Ongoing, variable 1.50% p.a. when you link to access card from ANZ. Available on balance $500,000 plus.

Macquarie Cash Management Account
Visa
Invest your money and have at call access plus pay no account keeping fees.
Bank of Queensland Cash Management Account
Visa
$0.65
$5,000
Ongoing, variable 1.00% p.a. when you deposit $5,000+ each month. Available on the entire balance.
Citibank Cash Investment Account
Mastercard
$0
$0
Ongoing, variable 1.90% p.a. Available on balance $250,000 and above.

IMB Cash Management
Visa
$0.70
$0
Ongoing, variable 0.05% p.a. when you link to IMB Visa debit card. Available on balance $250,000 and over.

Community First Money Market Account
N/A
$0
Ongoing, variable 0.25% p.a. for deposits under $10,000. Interest rates are tiered, with higher interest rates available on larger deposits.

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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.

Rates last updated August 21st, 2018
$
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. Min Deposit Interest Earned
Citibank Term Deposit
2.60%
-
2.80%
3.00%
-
-
$100,000
Bank Australia Term Deposit Account
1.15%
1.15%
1.55%
1.85%
2.15%
2.35%
$500
Bank Australia Term Deposit Account 5000+
2.20%
2.20%
2.60%
2.85%
2.95%
3.00%
$5,000
MyState Bank Online Term Deposit
2.50%
2.35%
2.55%
2.70%
2.80%
-
$5,000
Firstmac Term Deposit
2.55%
-
2.75%
2.65%
2.75%
-
$5,000
AMP Term Deposit $25,000+
2.55%
2.60%
2.80%
2.85%
2.95%
3.00%
$25,000
AMP Term Deposit $100,000+
2.55%
2.60%
2.80%
2.85%
2.95%
3.00%
$100,000
AMP Term Deposit $5000+
2.35%
2.40%
2.60%
2.65%
2.75%
2.80%
$5,000
BCU Term Deposit
1.25%
0.71%
1.40%
1.45%
2.55%
1.80%
$1,000

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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.

Rates last updated August 21st, 2018
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. Earn 25 Qantas Points when you trade Australian shares, 50 Qantas Points when you trade international shares (T&C's apply).
SelfWealth Share Trading
$0
$9.50
No
No
No
Trade ASX-listed shares for a flat fee of $9.50, regardless of the trade size. New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
CMC Markets Stockbroking Account
$0
$11
Yes
Yes
No
Trade shares, warrants, options, EFTs, managed funds, bonds and IPOs with CMC Markets today.
Saxo Capital Markets Share Trading
$0
$6.99
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.

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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 August 21st, 2018
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
$30 welcome bonus available. T&C's apply.
Trade Australian and international CFDs on shares, forex, indices, commodities and more.
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

Important Information*
RaboDirect High Interest Savings Account

Maximum Variable Rate

3.05

Standard Variable Rate

1.80
ING Savings Maximiser

Maximum Variable Rate

2.80

Standard Variable Rate

1.00
Bankwest Hero Saver

Maximum Variable Rate

2.60

Standard Variable Rate

0.01
AMP Saver Account

Maximum Variable Rate

2.55

Standard Variable Rate

2.10

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