Friday August 14, 2020

Declare an interest in your savings

With interest rates at an all-time low, savers have to look further afield to get value for their money.

6th August, 2005

Choosing the wrong deposit account could leave you seriously out of pocket.

Despite this, many of us leave our money in deposit accounts that pay paltry interest. The interest paid on the deposit accounts offered by some of the main banks can be as low as 0.02 per cent.

By looking beyond the mainstream banks, you can pick up deposit accounts that pay interest of up to 3.05 per cent (see table). This means you could...

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