Australian Savings Account Rates

Compare 80 savings accounts from Australian banks. Sorted by ongoing rate — not honeymoon specials. Updated daily.

Best ongoing rate

6.00% p.a.

Future Saver Account — BOQ

Best — no conditions

5.50% p.a.

AMP Bank GO Save — AMP Bank

Best intro rate

5.90% p.a.

For 4 months, then 4.00%

High Interest Savings Account — Rabobank

Rate Comparison

Account	Ongoing rate	How to earn it	Intro rate
Future Saver Account BOQ 14+	6.00% base 0.05% + bonus 5.95%	To activate the bonus interest on your Future Saver Account/s, you will need to meet bonus interest criteria each month to qualify for bonus interest the following month. Deposit at least $1,000 a month into your linked Everyday transaction account from another Australian bank. (Funds transferred from BOQ accounts, cash and cheque and international deposits won't count.)Complete at least 5 transactions each month. Eligible transactions include direct debit payments, ATM withdrawals (not deposits Bonus rate on balances up to $50,000	—
Bonus Saver Account RACQ Bank 13+	5.76% base 0.01% + bonus 5.75%	Bonus rate interest is paid if deposits totalling at least $100 and no debit transactions are made to the account during the calendar month. Bonus Rate quoted includes Base Rate. Bonus rate on balances up to $99,999	—
Savings Maximiser ING 18+	5.75% base 0.01% + bonus 5.74%	Deposit $1,000 or more from an external source into any personal ING account, make 5 or more settled card purchases on your linked Orange Everyday account, and grow your nominated Savings Maximiser balance (excluding interest) each calendar month. Applies on balances up to $100,000. Bonus rate applies in the following calendar month. Bonus rate on balances up to $100,000	—
Savings Booster ING 18+	5.65% base 2.50% + bonus 3.15%	Grow your account balance by at least $100 this month (not including any interest earned). Eligibility is assessed at the end of the month. Bonus rate on balances up to $500,000	6.25% for 4 mo then drops to 5.65%
Smart Saver Account BOQ 36+	5.65% base 0.05% + bonus 5.60%	To activate bonus interest on your Smart Saver Account/s, you will need to meet bonus interest criteria each month to qualify for bonus interest the following month. AgeMonthly criteria36 years+ Deposit $1000 from an external account into your linked Everyday Account and make 5 eligible transactions that clear within the month. An external account is any Australian non-myBOQ account. A deposit from an external account includes wages paid by an employer from an Australian account. Cash and cheque Bonus rate on balances up to $250,000	—
Growth Saver MOVE Bank	5.65% base 0.10% + bonus 5.55%	Deposit $200 or more and make no withdrawals within the calendar month. Bonus rate applies on balances up to $25,000. Bonus rate on balances up to $25,000	—
Personal Savings Account Judo Bank 18+	5.60% base 0.05% + bonus 5.55%	Deposit $300 within the month. Bonus rate on balances up to $250,000	—
Up Saver Up 16+	5.60% base 0.00% + bonus 5.60%	Make 5 or more card purchases from your Up Everyday Account each month and make no withdrawals from that Saver during the month. No minimum deposit required. Bonus rate on balances up to $250,000	—
Dream Fund People First Bank	5.55% base 0.01% + bonus 5.54%	Interest is calculated daily on the portion of the balance within each balance bracket. When the closing balance of your account on the last day of the month, excluding any interest credited to your account on that day, is greater than the opening balance of your account for that month, we will pay you bonus interest (this means we will calculate interest at a bonus rate in relation to that month). Bonus rate on balances up to $100,000	—
AMP Bank GO Save AMP Bank	5.50%	No conditions	—
PremiumSaver Rabobank 18+	5.40% base 0.65% + bonus 4.75%	Increase your balance by at least $200 during the month (excluding interest earned). Applies on balances up to $250,000. Bonus rate on balances up to $250,000	—
Incentive Saver Bank of Melbourne 14+	5.40% base 0.01% + bonus 5.39%	To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Keep your balance at $0 or above at all times. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month Bonus rate on balances up to $19,999	—
Incentive Saver BankSA 14+	5.40% base 0.01% + bonus 5.39%	Grow your account balance by at least $50 each calendar month (customers under 21 need only grow by $0.01). The growth must occur before the last business day of the month, and your balance must stay above $0 throughout. Bonus rate on balances up to $19,999	—
Incentive Saver St George Bank 14+	5.40% base 0.01% + bonus 5.39%	To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0. Add money to your account (interest payments don?t count). Grow your balance before the last business day of the month Bonus rate on balances up to $19,999	—
Growth Saver Account Suncorp Bank 11+	5.35% base 0.10% + bonus 5.25%	Grow your balance by at least $200 in the calendar month (excluding interest credited), and make no more than 1 withdrawal in the month.	—
Bonus Saver MOVE Bank	5.35% base 0.10% + bonus 5.25%	Deposit $200 or more and make no withdrawals within the calendar month. Bonus rate applies on balances up to $250,000. Bonus rate on balances up to $250,000	—
MOMENTUM SAVER Teachers Mutual Bank	5.35% base 0.10% + bonus 5.25%	Bonus interest earned for each month you deposit a miniumum of $100, make no withdrawals during the month and the account has a credit balance at all times during the month. Bonus rate on balances up to $250,000	—
HomeME Account ME Bank	5.35% base 0.05% + bonus 5.30%	The Bonus Interest Rate applicable to your HomeME Account will apply: For each calendar month where: a minimum of $2,000 was deposited into your SpendME account in the previous calendar month from an External Account. The SpendME account to which money is deposited must be held in the same name (sole name account) or names (joint names account) as your HomeME account; and 5.35% p.a. is payable on balances up to $100, Bonus rate on balances up to $1,000,000	—
ANZ Plus Growth Saver ANZ	5.35% base 0.10% + bonus 5.25%	Here's how it works: You'll get a standard rate of 0.10% p.a. on your total ANZ Plus Growth Saver balance each month, plus a bonus rate of 5.25% p.a. when you grow your ANZ Plus Growth Saver balance by $100 or more (on top of any interest you receive) each month.disclaimer	—
Hero Saver Bankwest 14+	5.35% base 0.10% + bonus 5.25%	Your closing balance for the month (excluding interest) must be higher than your closing balance at the end of the previous month. There is no minimum deposit amount, but any net outflow during the month forfeits the bonus rate. One Hero Saver account per person. Bonus rate on balances up to $250,000	—
Flex Saver easystreet 18+	5.30%	No conditions	—
Bonus Saver MyState Bank 13+	5.25% base 0.00% + bonus 5.25%	Link a MyState Bank Glide or Basic transaction account, deposit $20 or more, and make 5 or more eligible Visa transactions from the linked account each month. Bonus rate applies on balances up to $500,000. Bonus rate on balances up to $500,000	—
NAB Reward Saver NAB	5.25% base 0.01% + bonus 5.24%	Earn bonus interest for each month that you make at least one deposit before the second last banking day of that month and no withdrawals during that month	—
Bankwest Easy Saver Bankwest 16+	5.25%	No conditions	—
Home Saver Great Southern Bank 18+	5.25% base 0.50% + bonus 4.75%	Receive bonus interest on balances up to $100,000 when you deposit $2,000 or more each month into your Everyday Edge Account from a non-Great Southern Bank account and make five or more Visa Debit Card purchases. Bonus rate on balances up to $100,000	—
Essential Saver account Teachers Mutual Bank	5.25%	No conditions	—
Westpac Life Westpac 18+	5.25% base 0.10% + bonus 5.15%	Make at least one deposit and ensure your balance is higher at month end than at month start. A separate Spend&Save bonus (+0.75%) is also available for customers aged 18-40 who make 20+ settled debit card purchases on a linked Westpac Choice account (applies on balances up to $150,000).	—
GoalSaver Commonwealth Bank 18+	5.25% base 0.10% + bonus 5.15%	Make at least one deposit and no withdrawals in the calendar month. Bonus rate on balances up to $49,999	—
Hello Saver account MyState Bank	5.25%	No conditions	5.65% for 4 mo then drops to 5.25%
Boss Saver BCU Bank 18+	5.25% base 0.20% + bonus 5.05%	Deposit $500 or more into your linked BCU transaction account from an external source and make 5 or more Visa Debit card purchases each month. Bonus applies on balances up to $100,000. Bonus rate on balances up to $100,000	—
Savvy Saver Account P&N Bank 18+	5.25% base 0.20% + bonus 5.05%	Deposit $500 or more into your linked P&N transaction account from an external source and make 5 or more Visa Debit card purchases each month. Bonus applies on balances up to $100,000. Bonus rate on balances up to $100,000	—
Max E Saver Defence Bank	5.20% base 0.10% + bonus 5.10%	If a deposit is made during the month with no withdrawals, the bonus rate applies to the balance for that month.	—
STAR SAVER Southern Cross CU	5.20% base 1.00% + bonus 4.20%	Grow your balance by at least $100 in the calendar month (net of withdrawals, excluding interest).	—
Smart Saver Account P&N Bank 18+	5.10% base 0.50% + bonus 4.60%	Bonus interest applied when minimum $100 deposited and no withdrawals made from the account during the calendar month. Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate. Bonus rate on balances up to $250,000	—
Bonus Saver Bank Australia	5.10% base 0.10% + bonus 5.00%	Deposit $100 or more and make no withdrawals during the calendar month. Bonus rate applies on balances up to $100,000. Bonus rate on balances up to $100,000	—
Save account UBank 16+	5.10% base 0.00% + bonus 5.10%	Grow your combined balance across all your Save accounts by at least $1 each month (excluding balances used to offset a Ubank home loan). Bonus rate on balances up to $1,000,000	5.85% for 4 mo then drops to 5.10%
Power Saver BCU Bank 18+	5.10% base 0.50% + bonus 4.60%	Bonus interest applied when minimum $100 deposited and no withdrawals made from the account during the calendar month. Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate. Bonus rate on balances up to $250,000	—
Savings Accelerator ING 18+	5.05%	No conditions	—
Simple Saver Account BOQ 14+	5.00%	No conditions	—
Smart Saver Account Newcastle Permanent 25+	5.00% base 0.05% + bonus 4.95%	No conditions	—
Macquarie Savings Account Macquarie Bank 12+	5.00%	No conditions	—
Future Saver Great Southern Bank 18+	4.85% base 0.10% + bonus 4.75%	Rate applies on a stepped basis. Bonus interest is applied on top of the base rate if the balance of the Future Saver account increases by $250 by the end of each calendar month (excluding interest payments, withholding tax and fees). Bonus rate on balances up to $500,000	—
Bendigo Reward Saver Bendigo Bank	4.75% base 0.10% + bonus 4.65%	Grow your balance each calendar month (net increase, excluding interest). Available for customers aged 31 and over. Bonus rate applies on balances up to $100,000. Bonus rate on balances up to $100,000	—
Online Saver MOVE Bank	4.70%	No conditions	—
Purple Bonus Saver Beyond Bank	4.65% base 0.01% + bonus 4.64%	You will become eligible for bonus interest if you: a) deposit at least $50 during the month; and b) do not make a withdrawal during the same month. Interest is paid monthly. Bonus rate on balances up to $200,000	—
MySavings account Heartland Bank 14+	4.55%	No conditions	—
E&P High Yield Account MyState Bank	4.50%	No conditions	—
Online Saver Bank Australia	4.45%	No conditions	—
SaveME Account ME Bank	4.35% base 0.00% + bonus 4.35%	The Bonus Interest Rate applicable to your SaveME Account will apply: For each calendar month where you made four or more card transactions in the previous calendar month using the Visa debit card linked to a SpendME account in the same name (sole name account) or names (joint name accounts) as your SaveME account. Transactions that are pending do not count as a transaction for the previous calendar month and will be counted in the following calendar month; and to the balance of your SaveME acco Bonus rate on balances up to $500,000	—
Bonus Saver Greater Bank	4.25%	No conditions	—
Virgin Money Boost Saver Virgin Money	4.20% base 0.05% + bonus 4.15%	Make a minimum deposit and a minimum number of card purchases on your linked Go Account each calendar month (exact thresholds shown on the Virgin Money website). Bonus rate on balances up to $250,000	—
ANZ V2 PLUS ANZ 18+	4.10%	No conditions	—
High Interest Savings Account Rabobank 18+	4.00%	No conditions	5.90% for 4 mo then drops to 4.00%
ANZ Progress Saver ANZ 12+	4.00% base 0.01% + bonus 3.99%	When you make a single deposit of $10 or more in a month and no withdrawals	—
Community Reward Account Beyond Bank	3.80%	No conditions	—
Bendigo EasySaver Bendigo Bank	3.55%	No conditions	—
Call Deposit Account Rabobank 18+	3.50%	No conditions	—
Reward Saver Account IMB Bank	3.45% base 0.00% + bonus 3.45%	To earn bonus interest account holder must make a minimum $50 deposit and no withdrawals per month. If bonus interest criteria are not met for the calendar month, both the Standard Variable Bonus Interest and Introductory Fixed Bonus Interest Rate are forfeited. Bonus rate on balances up to $1,000,000	5.60% for 4 mo then drops to 3.45%
Christmas Club Account IMB Bank	3.25% base 0.00% + bonus 3.25%	If there are any withdrawals between January 1 and October 31 the account will be closed and the bonus forfeited.	—
PurposeSaver Rabobank 18+	3.25%	No conditions	—
Virgin Money Grow Saver Virgin Money	3.05% base 0.05% + bonus 3.00%	Additional variable interest rate earned on your Grow Saver when you meet the Monthly Criteria of at least 1 deposit and no more than 1 withdrawal in that month.	—
eSave Account RACQ Bank 13+	3.00%	No conditions	—
monEsaver Internet Account Beyond Bank	2.75%	No conditions	—
NetBank Saver Commonwealth Bank 14+	2.30%	No conditions	3.20% for 5 mo then drops to 2.30%
Christmas Saver Bank Australia	2.25%	No conditions	—
Up Essentials Saver Up 16+	2.00%	No conditions	—
Special Monthly Interest Newcastle Permanent	2.00%	No conditions	—
NAB iSaver NAB	1.85%	No conditions	5.50% for 4 mo then drops to 1.85%
ANZ Online Saver ANZ 12+	1.60%	No conditions	—
Community Account Beyond Bank	1.30%	No conditions	—
Maxi Saver St George Bank 14+	1.25%	No conditions	5.15% for 6 mo then drops to 1.25%
Maxi Saver Bank of Melbourne 14+	1.25%	No conditions	5.15% for 6 mo then drops to 1.25%
Maxi Saver BankSA 14+	1.25%	No conditions	5.15% for 6 mo then drops to 1.25%
Westpac eSaver Westpac 14+	1.25%	No conditions	5.05% for 5 mo then drops to 1.25%
Express Saver MOVE Bank	1.10%	No conditions	—
Online Savings Account (including Intro) Newcastle Permanent	1.00%	No conditions	5.25% for 3 mo then drops to 1.00%
iSaver Defence Bank	0.50%	No conditions	5.75% for 6 mo then drops to 0.50%
Hi Saver Account P&N Bank 12+	0.05%	No conditions	5.35% for 4 mo then drops to 0.05%
Bonus Saver BCU Bank 12+	0.05%	No conditions	5.35% for 4 mo then drops to 0.05%
Bendigo Student Account Bendigo Bank 12+	0.01%	No conditions	—

Rates are p.a. Sorted by ongoing rate — the rate you earn after any introductory period ends. Intro rates shown separately. View all lenders. How rates work. No affiliate fees — we're independent.

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No-conditions accounts

Earn the full rate without monthly hoops

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Accounts with bonus rate caps above $100k

Macquarie vs UBank

Side-by-side rate and conditions comparison

ING vs Macquarie

Side-by-side rate and conditions comparison

ING vs Rabobank

Side-by-side rate and conditions comparison

How to compare savings accounts in Australia

This table shows current savings account rates from Australian banks and credit unions, sorted by the ongoing rate — what your money earns after any introductory period ends. Introductory rates can look attractive but typically last only three to five months. Sorting by the ongoing rate helps you find accounts that perform over the long run.

Most accounts split their rate into a base component and a bonus component. To earn the full rate, you need to meet monthly conditions — commonly a minimum deposit, a set number of card transactions, or a requirement to grow your balance. The conditions column shows what each account requires so you can judge whether you'll actually hit them.

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