When it comes to investing your money, the best way to get bang for your buck is to choose a high interest savings account. APS Savings offers a very competitive interest rate, allowing clients and members to increase their earning potential and save more, even during uncertain economic times.
How does this compare to other high interest savings accounts in Australia? As of June 2020, the four big banks are offering no more than 1.05% p.a. interest on their most popular savings accounts.
Westpac eSaver – 1.05% p.a.
ANZ Progress Saver – 0.85% p.a.
Commonwealth Bank Netbank Saver – 1.05% p.a.
National Australia Bank iSaver – 1.05% p.a.
*Savings Account comparison as of 21 June 2020
This compares to the APS Savings interest rate of 4% p.a. APS Savings clients and members are earning four times what they would otherwise be earning at one of the four big banks!
How can APS Savings offer such a high interest rate for fixed term investments and savings investment accounts? We have helped our members grow their savings while protecting their money since 1905. Although investments with APS Savings Ltd are not government guaranteed, the security of your funds is paramount to us. We use your investment to fund residential property loans secured by registered first mortgage up to a maximum loan to valuation ratio (LVR) of 80 per cent. We don’t fund property developments or commercial property loans.
This conservative approach gives our clients and members peace of mind that their money is in a safe place. They are not only accumulating interest and earning more but are also proud to be a part of a member-owned not-for-profit cooperative that has been giving back to its members for 115 years.
Learn more about APS Benefits here