As a thanks for being a RaboDirect customer we're giving you a loyalty bonus.

Just received an email from RAMS that their online savings account interest rate will increase from 6th March to 4.92%.

RAMS Saver account
High Interest Savings Account
RAMS Saver is an online savings account that pays a high rate of return, with interest calculated daily and paid monthly.

Just got this email
The Virgin Saver
Welcome to our high interest online savings account
that gets you saving faster.

Features at a glance:

UBank lift their rates today to 6.26%!

Awesome!

AND ITS EFFECTIVE IMMEDIATELY!

So just a recap:

ING's 6.25% and UBank's 6.21% have been beaten recently by Rabo now.
Difference between UBank and Rabo is $1.58/month per $10,000 (source infochoice.com.au)

Just saw the ad on TV. For new customers, apply for an ING direct savings maximiser account and enter the promo code CH9 and get $20 put into your new account.

I got the following information from http://www.facebook.com/ubank

New Savings Maximiser customers will receive a Variable Welcome Rate of 5.85%p.a. for 4 months from account opening, on balances up to $1 million. That's 1.35%p.a.

Small but an increase, better than nothing and considering they have been the market leader guess they will stay ahead but by not as much as before

6% Interest. Restrictions include:

• Interest only paid that month if you deposit $50-$500/month without withdrawals that month (Max $500 deposit/month)

UBank now offers the highest 3 months term deposit in the market at 4.51% for 3 months.

This product is available at the same high rate for personal customers and self managed super funds.

This is the highest interest rate that I can find atm. I'm currently with raboplus & their rate drop to 5% so I'm gonna move over soon after have a close look at their T&C.