5 Year High Interest Savings Account

Sally saver has 10 000 in her account enough to buy a nominal 100 shopping trollies of various goods.

5 year high interest savings account. Popular direct 0 75 apy 5 000 minimum opening. Even if you don t grow your westpac life savings account balance you can still earn the 2 15 p a. The difference between a 5 interest savings account and a normal high yield savings account. Longer time frames equate to larger investment growth.

Spend save variable rate if you make at least five eligible purchases by the end of the month. High yield checking and savings account rates. If your westpac life savings account balance hasn t grown by the end of the month you ll still earn the 0 40 p a. Yet inflation means the shopping basket has increased in price to 10 500.

In addition to the bank5 connect savings account bank5 connect also offers five terms of cds a two year add on cd and a checking account. The interest rates shown below are gross rates with the exception of investec high 5 account which is gross. If you re purchasing a 5 year cd your investment has 5 years to grow. Don t be scared away by the 1 000 per account limit either.

Here s a list of the best high interest savings accounts. For example if you open a 5 year fixed term bond on 30th march 2017 you will have to wait until 30th march 2022 before you can access your money again. Standard variable interest rate. As the name term implies 5 year fixed rate bonds tie your money up for five years from the date you open the account and cannot be accessed until the maturity date.

Waivable with 300 minimum daily ledger balance 6 or 1 000 average monthly collected balance 7 or account holder s under age 18. The rates for the high 5 account in 2019 and the five highest savings rates from which the high 5 account s rate was calculated for that period can be found below. Get up to 5 apy with a rewards account or up to 2 5 on a basic account. Please click on the tabs to see the rates for previous years.

Features and benefits of standard savings account are a low hassle savings account good for starting out. 4 monthly maintenance fee. A definite plus point of five year fixed rate bonds is the very favourable interest rates available for many long term savings products. Once you ve set up your first netspend account and understand the process it should only take you about 10 or 15 minutes to set up the remaining accounts.

We don t receive any sort of commission for any of these and all banks are included in this list. 25 minimum opening deposit.