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Learn · Savings · 8 modules
Savings accounts, from the first rate to the fine print.
8 short modules, 3 to 4 minutes each
Basics
If you’ve never compared savings accounts- How savings interest worksWhat “4.50% a year” means in dollars, and when the money arrives.3 minutes · 3 pages and a questionStart
- Bonus rates and their rulesWhy the rate you see is often two rates added together, and what you do to get both.4 minutes · 4 pages and a questionStart
- Is my money safe at a bank?The $250,000 the government protects at each bank, and why some brands share it.3 minutes · 2 pages and a questionStart
Going further
Once you know what a rate is- Limits and tiers on a rateWhy the top rate often stops at a set amount, stepped and whole-balance tiers, and which pays more on your balance.4 minutes · 4 pages and a questionStart
- Rates that drop after a few monthsA high starting rate, and the lower rate that comes after it.3 minutes · 3 pages and a questionStart
- Why rates go up and downHow the Reserve Bank and your own bank change what you earn.3 minutes · 3 pages and a questionStart
- Tax on interest and age limitsWho can open the highest-paying accounts, and the tax you pay on what they earn.3 minutes · 2 pages and a questionStart
- Reading a real accountThree real accounts, each showing one thing the modules before taught.3 minutes · 3 pagesStart