How to make money from interest.?

Question

I signed up for a 9% p.a. ?? NetBank Saver account with the Commonwealth Bank. How do I make as much interest as possible from this??

Do i have to make regular deposits of a certain amount?

Answer 1

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Answer 2

You have to have a Streamline account which requires you to deposit $2000/month in order to avoid fees. To maximize your interest, you should transfer all the money in your Streamline account to your NetBank Saver account since the interest rate in the NetBank Saver account is much higher.