It doesn’t matter whether you’re saving for your first home, investment, for your child or retirement, it’s always important to make sure that you are actually saving it into an account which returns you a high interest. How do you find which bank you should put your savings into is a good question. But fortuntely in Australia, the guesswork has already been done by someone else.
Two of the website that I often visit to make sure that I’m getting good rates are Cannex and Ratecity. Ratecity actually gets their data and ratings from Cannex, and you can see that Cannex cross promotes Ratecity at the same time.
As always, putting money into the bank isn’t always the best way to get good return over investment. But since it’s a low risk (and hence potentially lower return), and most liquid, it’s a good way for keeping your money in a safety nest.