When you open a Cash Saver Account and maintain a balance of $5,000 or more, you can earn a high variable interest rate. Find out more and apply online.
The most important thing to look for in a savings account is a competitive interest rate. Some accounts offer bonus interest payments if regular deposits and no withdrawals are made, which can be motivating to keep the money set aside until you’ve reached your savings goal. It's also important to make sure the account doesn’t have a monthly fee, because if it does it will slowly eat away at your savings. Plan how you will use the account and look for an account with features that suit you.