5+ high interest savings accounts in August 2024 (and how to choose)

[@gavinryan4166]

Macquarie Bank has a transaction account that gives 4.75% on every dollar in there. No minimum deposit, no other conditions. It’s a great start!

[@RaskFinance]

Thanks for sharing!

[@michaellytra5122]

Ubank pays .75% more for the first 100k and .25% more for balnce over 100k up to 250k. making transactions from this account doesn't affect the interest rate. Just deposit $500 every month it doesn't need to stay there send it back to where it came from very simple.

[@abcfamily4388]

BOQ 4.85% up to 5million simple saver, no requirements, no deposit, no catches.

[@MarcusMinecraftEducation]

Thanks you both of you for your information

[@michaellytra5122]

I have most of these accounts that you have mentioned I have a simple plan that I have been using for months that makes it easy to manage all of these at the same time.

[@viet5929]

Ubank is 5.5% for the first $100K. Any feedback on Australian Unity?

[@RaskFinance]

5.5% is a great rate. We can only cover so much in one episode. Thanks for the tip mate! ~ Owen

[@marionjoy-if3lp]

thank you .. great information

[@Superman5o5]

Wow, this was fantastic!! So glad I randomly stumbled across this video 😁 You two are meant for public speaking - super clear and engaging!

[@gavinryan4166]

Note maximum in AMP is $250k and Macquarie $1m (but govt guarantee is only up to $250k of course).

[@RaskFinance]

Thanks Gavin. Good spot and comment.

[@JoeHalloran-vc3my]

I have the ING account and I just buy 5. $1 Amazon gift cards at the start of the month which satisfies that criteria

[@RaskFinance]

Hahaha cheeky! Love it

[@michaelstk2817]

That’s good information for the average consumer.

[@nojusticenopeace8717]

Can you please do a video in regards how to transfer money from one bank to another, without paying any fees!??? I mean from the 4 big Banks, ex NAB!!? I want to transfers $100,000.00 but I am not sure if I would have to pay for fees!!???

[@RaskFinance]

You won’t pay any fees. Most banks allow smaller chunks with instant payments too. If you’re transferring overseas, you will pay fees. Every bank will charge for that, in one way or another.