Volt - Next Gen Savings Account
In Australia I’m starting to see more and more next gen banking products become available. These new banks are known as neo-banks and are looking to shake up the traditional banking sector.
Volt is one product I’ve been trying out. At the moment, all they offer is a savings account. Volt’s selling point? A higher interest rate on your savings. Currently it’s 1.65% per annum. This is much higher than what the big four offer. Unlike some competing products, Volt doesn’t require you to save a certain amount each month, or make a certain number of transactions. You’ll get the interest rate no matter what.
Volt is a regulated Australian bank, so you’re covered by the Australian government insurance scheme. If anything was to happen to volt, your money is backed by the government.
You can find out more about Volt here.
Spaceship Voyager Bonus
One of my favourite investing platforms in Australia, Spaceship Voyager has a bonus offer running at the moment. New users can get $10 when they sign up and enter a code. While $10 isn’t huge, free money is free money. You can find the latest Spaceship promo here.
You can check out all my latest post on Student Savings.