If you have money in the Australia and New Zealand Banking GrpLtd (ASX: ANZ) Online Saver account, you’ll be receiving a base interest rate of just 0.05%.

This means that even if you put $1 million into this savings account, you would yield just $5,000 of interest each year. That’s certainly not enough to live from.

The good news is that there are dividend shares on the Australian share market that offer considerably better yields.

Two top ASX dividend shares that I would invest my excess funds into next week are listed below:

Dicker Data Ltd (ASX: DDR)

The first ASX dividend share to consider buying is Dicker Data. It is a wholesale distributor of computer hardware and software throughout the ANZ region. Earlier this month it released its half year update and revealed that its strong form had continued during the pandemic. Dicker Data reported an unaudited first half net profit before tax of $40 million on revenue of $1 billion. This was an increase of 25% and 18.3%, respectively, over the prior corresponding period. This strong form appears to have put the company in a position to deliver on its plan of lifting its dividend to 35.5 cents per share this year. Based on the latest Dicker Data share price, this equates to a fully franked 4.9% dividend yield.

Rural Funds Group (ASX: RFF)

Another dividend share for income investors to consider switching funds into is Rural Funds. I think the agriculture-focused property group is one of the best options on the local share market. This is due to its very positive long term outlook thanks to its high quality property portfolio, periodic rental increases, and lengthy tenancy agreements. In respect to the latter, at the end of the first half Rural Funds’ weighted average lease expiry stood at 11.5 years. I believe this gives it great visibility with its future earnings and positions it perfectly to grow its distributions consistently in the future. In FY 2021 the company intends to lift its distribution to 11.28 cents per share. Based on the current Rural Funds share price, this works out to be a forward 5.6% distribution yield.

More reading

• 4 ASX shares to buy and hold forever
• ANZ said there will be another wave of Victorian businesses collapsing
• ASX 200 down 0.2%: Big four banks tumble, Afterpay surges higher again
• The hidden risk to early superannuation withdrawal that no one told you about
• 3 quality ASX dividend shares to buy today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited and RURALFUNDS STAPLED. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why I would put excess funds into ASX dividend shares instead of a savings account appeared first on Motley Fool Australia.

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Looking to add some growth shares to your portfolio next week? Listed below are three fast-growing companies that I think could be worth considering.

Here’s why I think these ASX growth shares could be top long term investment options:

Bravura Solutions Ltd (ASX: BVS)

Bravura Solutions is a financial technology company best known for the Sonata wealth management platform. This popular wealth management platform allows advisers to connect and engage with clients via computers, tablets, or smartphones. Demand for the platform has been growing very strongly in the past few years and shows no signs of slowing. And together with recent acquisitions that have given Bravura access to new and lucrative markets, I believe it is well-positioned to grow its earnings at a solid rate over the long term.

PolyNovo Ltd (ASX: PNV)

Another growth share to consider buying is PolyNovo. It is the medical device company behind the NovoSorb Biodegradable Temporising Matrix (BTM) product. This product was developed at CSIRO and is a wound dressing intended to treat full-thickness wounds and burns. Its current target market has a massive $1.5 billion addressable opportunity, but management isn’t settling for that. It is busy looking to expand its use into hernia and breast treatment markets. If this is successful, it would add $6 billion to its addressable market.

Zip Co Ltd (ASX: Z1P)

This payments company has well and truly broken out of the shadow of Afterpay Ltd (ASX: APT) in 2020 with very impressive sales, customer, and merchant growth. It also announced its expansion into the massive United States market via the acquisition of QuadPay. If the company can make a success of this expansion, it could be destined for further explosive growth over the coming years. And while the Zip Co share price is certainly not cheap after its incredible rise over the last few months, I would still buy its shares if you plan to make a long term investment.

More reading

• Here are the top 5 ASX tech shares on the All Tech Index
• ASX 200 drops 0.6%, Afterpay hits a new record
• The Openpay share price is surging today. Is it the next Afterpay?
• Ramsay and 2 other ASX shares to buy and hold beyond 2026
• Why Kogan, Netwealth, Silver Lake, & Zip Co shares are storming higher

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of POLYNOVO FPO and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 3 exciting ASX growth shares to buy and hold until 2030 appeared first on Motley Fool Australia.

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