With the Reserve Bank of Australia (RBA) set to hand down its interest rate decision on Tuesday, plenty of pundits are offering their view of what the RBA will do.

For most investors, the RBA’s decision doesn’t really matter.

Interest rates are already at historic lows and the desire to earn a decent return on savings means cash in the bank just isn’t a great option.

For this reason alone, high-yielding fully franked dividend shares are an attractive alternative in today’s low interest rate environment whether or not the RBA cuts in June.

For income-seeking investors, here are three high-yielding shares, all with fully franked dividends that you may want to consider. Importantly, they’re also all forecast to have rising dividend payments over the current and next financial year periods.

Perpetual Limited (ASX: PPT) – As one of Australia’s leading and largest funds management firms, Perpetual is well positioned to continue to benefit from the tailwind of Australia’s growing superannuation industry. One analyst consensus forecast shows the dividend rising from 240 cents per share (cps) in financial year (FY) 2015, to 250 cps in the current year and then 260 cps in FY 2017. With Perpetual’s share price falling around 20% over the past 12 months, the stock is trading on an implied FY 2017 yield of 6.1%.

Automotive Holdings Group Ltd (ASX: AHG) – With a business footprint which makes this company one of the largest retailers of vehicles in Australia via its national dealership operations, Automotive Holdings offers investors a broad revenue stream and a significant property asset backed balance sheet. Forecasts suggest dividends will rise from 22 cps in FY 2015, to 23 cps in FY 2016 and then to 25 cps in FY 2017. With the share price at $3.86, a forecast FY 2017 yield of 6.5% appears on offer.

G8 Education Ltd (ASX: GEM) – Australia’s largest listed child care operator has always been attractive to income investors thanks to a policy of paying out dividends on a quarterly basis. With the dividend forecast to rise from 24 cps in FY 2015 to 25.4 cps in FY 2016 and then to 29.6 cps in FY 2017 the potential yield on offer in FY 2017 is 7.2%.

If you are interested in quality dividend shares, then I would recommend this top dividend share instead. A strong yield and potential share price gains make this a great investment idea in my opinion.

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Motley Fool contributor Tim McArthur owns shares in Perpetual Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Bruce Jackson.