High interest accounts - making your savings work for you!

Basically a high interest account gives you a high cash interest rate on your money. These differ slightly from term deposits because you still have access to your money with a high interest account. Best of all most high interest accounts are free or low fee (they want your money) and are linked to your bank account via the Internet. The best rates in Australia are around 7%, which is a very good return for such a low risk investment. As interest rates rise people with cash in these accounts will really start to benefit. To find out more about these types of accounts you can check out infochoice.com.au for more information. Currently interest rates are rising and this really benefits anyone with spare cash lying around.