Information in the post is correct at time of writing. Rates change, check the banks website for most up to date rates.
Citibank is a top bank that is offering superb savings accounts in the Australian market. They are currently (at time of writing) offering a superb interest rate of 6.00% which is available on balances up to $500,000 and available for the first 4 months. After the introductory rate period, you will receive an interest rate of 4.75%.
Citibank is also offering no account fees and no minimum balance with their high interest savings account. You are also not held in with a fixed term like most term deposits meaning if you don’t like their system, website, or anything at all, you are free to change straight away.
Interest is calculated daily and paid monthly with the Citibank Online Saver. You have instant access to your money 24 hours a day and 7 days a week through online and phone banking.
With Citibank you are also able to set up savings plans in order to better reach your savings goals.
With Citbank offering up so many positives, you’d be crazy not to give them a go!