With a two-tiered interest system, the CUA eSaver Boost Account offers one of the highest interest rates on the market at 2.75% for savers who deposit at least $250 a month and make no withdrawals. Make sure you do stick to the bonus rate requirements though otherwise you’ll only receive a reduced interest rate of 0.25%. You will also only be able to earn the top interest rate on balances under $500,000.
On top of the great interest rate you’ll also be worry-free when it comes to fees, with no monthly account keeping costs as well as unlimited free transactions online and over the phone. However, like other online savings accounts the trade off for low fees is having no ATM access.
Who it's good for:
The CUA eSaver Boost Account is the perfect companion for consistent savers who are happy to leave their savings to sit and accrue a high interest rate without making withdrawals.
If you’re unable to stick to the minimum $250 monthly deposits and zero withdrawals you’ll only receive the 0.25% standard interest rate, so it will be worth your while to find a savings account with a high interest rate without any requirements.