time deposit or premium savings account

[Kiam]

which is better? also, which banks offer the best premium savings account (special high earning accounts) ?

[KuyaDanny]

If I recall correctly, premium savings accounts are synthetic time deposits. They have all the characteristics of a regular time deposit except for one thing - there is no certificate issued. This is done to lower costs. The law requires documentary stamp taxes to be paid on time deposit certificates.

So, at the end of the day, what matters should be the interest rate. If your bank offers both, choose the one which pays you more.