Best Savings Accounts Best Savings Accounts – Regular Deposits
GOLD WINNERS BANK RABODIRECT NON-BANK EASY STREET To help you resist temptation, an enforced waiting period can protect your stash
In a low-interest-rate environment, it’s important to think about the best place to stash your cash, and a relatively new type of account – a notice saver – acts like a hybrid between a traditional savings account and a term deposit.
With RaboDirect’s Notice Saver 31 Day, which won this award in 2018, you’ll need to provide 31 days’ notice, either via online banking or using a mobile app, to withdraw funds. That’s not a bad thing as it would make you think twice before dipping into cash reserves.
However, the waiting period is applied strictly: RaboDirect warns that your money cannot be accessed early unless you a statutory declaration as evidence of financial hardship.
Easy Street is a division of Community First Credit Union, and its Easy Savings Online account is a straightforward account with no complex conditions. It pays a decent rate of 2%. A regular savings plan is available.