Fellow Australians,
I have had a fair amount of time in between uni courses recently and have been keen to get in and procrastinate as much as possible so I have compiled a list of all of the savings accounts and interest rates from the vast majority of Australia's Banks (the "vast majority" being the ones listed on wikipedia) . I realise there are websites available that present this data already, however I have found most are sponsored by one bank or another to leave out features from their competitors. My data has comes straight from the horse's mouth however I have chosen to leave out any introductory interest rates because I feel they are just a marketing technique to show certain accounts higher than others when you sort by "interest rate: high-low".
I have also excluded cases which require you also take out a loan or super fund with the same organisation as I felt that was more of a separate case altogether. The same goes for estate planning and pension accounts. I did not include management fees or ATM fees as I found the accounts, although all savings accounts, had different uses across the board. I found the accounts with lower interest rates had no fees for convenience whereas the accounts with the higher interest rates had significant withdrawal fees (sometimes upwards of $5!) to encourage saving.
My list would have doubled in size if I included credit unions so I have left them out also (for now). Feel free to talk shit in the comments and point out my mistakes.
https://docs.google.com/spreadsheets/d/1YMc5C4WCBooelyl82SMg747fFheow6-L6YWYXat-qow/edit?usp=sharing
Submitted May 14, 2019 at 06:13AM by MortalityArts http://bit.ly/2Hh9nbw
