I like to look for savings account that offers higher interest rate.
I would periodically comb through the major banks to see if they offer any better rates and I would jump from savings account to savings account.
Yes, it is troublesome to open and close accounts.
But, do you know that you can easily get higher interest (like 20x or more!!! as compared to an old-school savings account) if you had taken the time to do the research?
Fixed deposits are also a good way to park your spare cash for better interest rates for short term.
It’s hard to request for more pay from your boss, so why not make your existing savings work a little harder right?