Savers with larger balances are also set to reap the benefits from Great Southern Bank’s latest increase, with Advantage Saver accounts offering a rate of 4.60% p.a. To achieve this rate, customers require a minimum deposit of $500 each month into a Great Southern Bank Everyday Edge account and a minimum of five Visa Debit transactions to achieve the rate. Great Southern Bank’s Goal Saver account tailored to those Gen Z savers aged 18-24 for balances up to $50,000 now offers a rate of 4.85% p.a. Great Southern Bank have hiked two of their savings accounts by 10 basis following the RBA's March decision. Great Southern Bank increases savings rates ING will also increase Savings Accelerator accounts by 0.25% which will see c ustomers with less than $50,000 in their Saving Accelerator earn an interest of 2.60% p.a., up from 2.35% p.a.Ĭustomers with greater balances of $50,000 to $150,000 in their Saving Accelerator will earn an interest rate of 3.50% p.a., up from 3.25% p.a., while c ustomers with more than $150,000 in their Saving Accelerator will earn an interest rate of 3.70% p.a., up from 3.45% p.a.Īll interest rate changes will come into effect from 14 March 2023. To receive this rate, ING customers must deposit at least $1,000 from an external source, make five or more settled card purchases with Orange Everyday account, and grow the balance on the nominated Savings Maximiser account by making sure the balance of the account is greater at the end of the month than the month prior. following the RBA's March decision.Īccording to market research, ING is now the second bank offering a savings rate of 5% or higher. ING has taken its ever-popular Savings Maximiser account to a rate of 5.00% p.a. The market leaders ING to increase savings rates For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. The link to a product provider’s website will allow you to get more information or apply for the product.īy de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers.

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