How to get up to 5.65% p.a. with a no-conditions savings account
You can earn a decent interest rate above 5.00% p.a. on your savings without jumping through any hoops.
Savings account interest rates have been rising over the past year, as the RBA has increased the cash rate multiple times.
But most of the top savings account rates in the market today come with a number of conditions to meet, including large monthly deposits and the requirement to keep growing your balance.
If you don't want to commit to meeting any annoying conditions, the good news is there are a bunch of accounts these days offering decent interest rates with no conditions to meet.
Here are 6 of the top savings accounts with no conditions to meet.
Happy to meet some conditions?
Check out the top high interest savings accounts right now.
1. Rabobank High Interest Savings Account: 5.65% p.a.
You can earn 5.65% p.a. for the first 4 months on balances up to $250,000. After the 4 month intro period ends, the ongoing rate drops to 3.95% p.a. with no conditions to meet.
2. Bankwest Easy Saver: 5.50% p.a.
You can get 5.50% p.a. on balances up to $250,000 for the first 4 months (new customers only), then an ongoing rate of 4.75% p.a. with no conditions to meet.
3. Macquarie Savings Account: 5.10% p.a.
You can get 5.10% p.a. for the first 4 months on balances up to $250,000. After the intro period, you'll get an ongoing rate of 4.75% p.a. on large balances up to $2 million - with zero contitions to meet.
4. AMP Bank Go Save: 4.85% p.a.
This account offers an ongoing variable rate of 4.85% p.a. on your balance up to $500,000, with no conditions to meet at all.
5. Bank of Queensland Simple Saver: 5.15% p.a.
You can get 5.15% p.a. for the first 4 months, followed by 4.55% p.a. ongoing on large balances up to $5 million. There are no monthy conditions to meet.
6. ING Savings Accelerator: 5.65% p.a.
You can get 5.65% p.a. for the first 4 months on balances between $150,000 and $500,000. After the intro period, you'll get an ongoing rate of 4.60% p.a. on balances between $150,000 and $5 million with no conditions to meet.
If these accounts aren't right for you, you can compare 100+ savings accounts to find one that suits.
Ask a question