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AAP
AAP
Politics
Poppy Johnston

FORGOTTEN HISTORY: Strings attached to best deals for savers - Caught on Camera

Savers are being urged to shop around for the best bank accounts while rates are rising. (Steven Saphore/AAP PHOTOS) (AAP)

Savers have welcomed the long-awaited return of higher interest rates but the best rates are often only temporary or tied up in conditions.

Some banks have been passing on the Reserve Bank's cumulative 300 basis points of interest rate increases since May, but the highest rates typically come with strings attached, such as depositing a certain amount each month, or are promotional, so expire after a few months.

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