Before making a deposit, check that you can meet any conditions and whether your savings would be better off elsewhereĪustralia's cash rate has been rising for the last year and a half, meaning the interest rates on deposit accounts at banks across the country are also on the up.Some accounts will pay you interest with few or no conditions – others will give you a better rate, but come with specific requirements.
Interest rates on bank deposit accounts are going up, meaning there are now more benefits to old-fashioned saving.
