Australian Bank Account Offers compared for September

Provider	Interest Rate	Fees	Minimum Balance
St.George Power Saver	Up to 6%	No monthly accounting fee	None
St.George SENSE Transaction and Savings Account	Up to 4.85%	$5 (waived when you deposit a minimum of $2,000 by the last business day of the month)	$0
Suncorp Everyday Options Account	Up to 4.75%	FREE (for first 12 months when you apply online)	None
St.George Complete Freedom	Up to N/A %	$5 a month (or free if customer deposits at least $2,000 per calendar month - eg their salary)	$1
St.George Express Freedom	Up to N/A %	$3 a month	$1
ANZ Access Advantage with Visa Debit	Up to N/A %	$5 a month	Does not apply

Related Bank Account News

• Westpac To Up The Ante In War For Australian Term Deposits
  

  After a brief respite in the war for depositors, Westpac chief executive Gail Kelly is upping the ante amongst the big four lenders, by saying that Westpac intends to increase its reliance on deposit based funding for the year.

• NAB Low Business Banking Fees Still Struggling To Make Impression
  

  Despite making a concerted effort to break into and achieve dominance in the business banking segment, Australian banking major National Australia Bank is the least popular of the Big Four banking groups, amongst business customers.

• Half A Million Claimants Expected In Largest Ever Class Action Law Suit Against Australian Banks
  

  Nearly 40,000 bank customers have signed up to what looks like Australia’s largest ever class action law suit, with the initiator saying it believes it will register as many as half a million claimants for legal action seeking reimbursement of “exorbitant” exception fees.

• BoQ Chief Says Retail Deposit Market Dysfunctional
  

  David Liddy, chief executive of regional lender Bank of Queensland says the market for retail deposits has become dysfunctional, and wants the government to help restore competition between smaller regional lenders and the major banks.

• Four Current Account Mistakes
  

  Many of us who use current accounts for our primary bank account make a number of common mistakes, thinking that it is nothing more than a place to stash one’s cash. Used in the correct manner, the humble current account can be so much more than that. Used in the wrong way it can prove very costly, resulting in having to hand over lots of cash to your bank for no reason.

  Here are four current account mistakes to avoid.

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