Some of the Best Australian Bank Account Offers of 2012 from Creditworld

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As the year draws to an end, it can be a time to think about New Year’s resolutions and one's financial situation.

creditworld bank account offers
Let’s take a look at some of the best bank account offers of 2012 to see what you’ve been missing out on.

As the year draws to an end, it can be a time to think about New Year’s resolutions. Besides joining a gym that won't be visited past January, it can also be worthwhile to think about finances.

One thing we often neglect is our bank account. While most people may keep the same transaction and savings accounts for years without really thinking about it, it’s worth checking out what each bank actually provides their customers, and comparing it to what else is on offer.

Let’s take a look at some of the best new bank account offers of 2012 to see what options there are out there.

Best New Bank Account Offers

Banks are becoming more competitive within the domestic savings market. While this will have more of an effect on savings or term deposit accounts, there is most likely better deals on transaction accounts out there to enjoy.

While there are a number of banks (such as Bankwest, Westpac, St George and Bank of Melbourne) that waive fees when depositing a certain amount per month, there are some providers that also offer to maintain a ‘bonus’ rate on the amount held within the account if a regular deposit is paid consistently.

One example of this is the RAMS Saver account, which offers an attractive interest rate when a deposit of at least $200 per month and make no withdrawals. The Westpac Reward Saver offers something similar, if at least $50 is deposited per month and no withdrawals are made.

Introductory offers can also be helpful to savers. NAB iSaver offers a 1.5% p.a. bonus rate for the first four months on new accounts, while Westpac eSaver offers a 1.6% bonus rate for the first three months, and Citibank Online Saver has a bonus rate of 1.6% for the first four months.

Online only accounts can save you a heap of money with the best bank account offers, as they usually enjoy lower overheads. This can also be the case with non-highstreet banks and providers as well. Check out bank account offers from providers such as UBank, RAMS, ING Direct, and Rabo Direct, to find better savings.

The ING Direct Orange Everyday account is an online transaction account that charges no everyday fees. The HSBC Serious Saver offers an introductory bonus rate, and as with many other online savings accounts, it can also be linked to other accounts, there are no fees, and no minimum balance.

Money can also be saved by linking accounts. This works well for the bank and for the customer. The customer's money is in one place and easy to deal with, and the bank benefits from gaining another customer, so will often offer better deals to link the accounts. This can be done with the St George SENSE account, and the Bank of Melbourne SENSE account.

One of the best new bank account offers comes from Virgin Money, with the Virgin Saver savings account, which has an attractive interest rate, and even better – no fees ever!

Or think about Bankwest Hero Transaction Account, which is one of the few transaction accounts that offer high interest rates (4.5% p.a. on balances up to $5000, as long as you deposit at least $2000 per month), with no fees.

So, while considering financial goals for 2013, take some time to think about what each bank account is really offering. Check out the best new bank account offers and find savings – the offers for opening a new Australian bank account could be worth the 5 minutes.

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Roland B. Bleyer

Roland B. Bleyer
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