The 5 best savings account in Australia as of June 2023

Last week the RBA announced another increase in the cash rate, bringing it to 4.1%.

This is the highest cash rate Australians have seen since 2012, and also signals the 12th rate rise in the past year! So, while this cash rate is bad news for many Aussies with mortgages, it does mean if you’ve got cash in a savings account - make sure those interest rates are working for you. This week Bryce and Alec go through the 5 Best Savings Accounts they could find (as of time of recording - June 2023) to help you supercharge your savings. The Google Doc Alec was talking about is here.

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In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.

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