Savings accounts can be a convenient and accessible place to park our money. But not all savings products are the same, so it’s important to examine your options to find one that offers value.
Our Savings Award highlights the institution that offers the best combination of savings accounts and excellence in its term deposit offering.
Our researchers evaluated providers based on the price and characteristics of their savings products and tools. The prize is awarded to the institution that offers the best combination of products on savings accounts and term deposits. Canstar’s methodology considers a number of categories, including flexible savers, regular savers, and term deposits.
After evaluating 32 institutions owned by clients, Canstar named the winner of its Savings Prize.
2021 Savings Prize Winner
Client of the Year Bank Owned – Great Southern Bank
Great Southern Bank (formerly CUA) offers a range of competitive, high interest savings products and has won this award for the seventh year in a row. For example, its Home Saver account allows customers to earn up to 0.95% pa if they deposit a total of $ 2,000 or more to their linked transaction account and make five or more qualifying purchases with their debit card. Visa every month.
Great Southern Bank term deposits also performed above average. At the time of writing, the bank offers terms ranging from one month to five years, with interest paid monthly, annually or at maturity (depending on the term chosen).
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