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Article: Rising rates fan interest in online savings accounts.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 11, 2007
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Copyright informationCOPYRIGHT 2007 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Alison Kahler
Nov 11, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The recent interest rate rise is a boon for many Australians, as they can access savings account rates of over seven per cent. Competition among online savings accounts has revived. Bank of Western Australia is offering an interest rate of 7.2 per cent for the first 12 months of an account, while Citibank is offering 7.25 per cent until the end of calendar 2007. Term deposit customers who agree to a minimum term can obtain rates of over 7.25 per cent from ...
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