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SAVINGS ACCOUNTS
If you're after a high interest savings account you've come to the right place. Mozo compares the market to help you find the best account for your hard earned savings.
We compare 169 savings accounts from 69 banks
Savings account information on our site is updated daily
More than 300,000 people use our site each month
Savings account comparisons on Mozo
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ME Bank
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ME Bank Online Savings Account with Everyday Transaction Account
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- No account keeping fee
- No minimum deposit
- No interest rate penalties for withdrawals
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special rate
4.60%
Bonus rate for 5 months on balances up to $250,000 if linked to Everyday Transaction Account
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standard interest rate
2.90%
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account fee per month
$0.00
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Go to site
More info -
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ING DIRECTMOZO People's Choice Winner
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ING DIRECT Savings Maximiser
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- No ING DIRECT fees
- A variable Loyalty Bonus after your Welcome Rate
- No fixed term or minimum balances
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special rate
4.35%
p.a. Variable for 4 months from account opening for new customers, on balances up to $250,000.
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standard interest rate
2.75%
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account fee per month
$0.00
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Go to site
More info -
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Bankwest
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Bankwest TeleNet Saver
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- No minimum monthly deposit
- No fees
- 100% secure online application
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special rate
4.30%
bonus rate for 6 months
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standard interest rate
2.70%
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account fee per month
$0.00
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Go to site
More info -
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HSBC
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HSBC Serious Saver
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- No monthly fees
- No minimum deposit
- Apply online in under 10 minutes
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special rate
4.25%
bonus rate for 4 months
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standard interest rate
2.90%
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account fee per month
$0.00
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Go to site
More info -
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Savings account reviews
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Westpac savings account review
Good customer service
- Overall customer rating
- (Reviewed 5 days ago)
Plenty of local ATM's. Rates are really the same for all of the Big 4 banks. Customer service within the bank are good. No reward programs. Full review
Plenty of local ATM's. Rates are really the same for all of the Big 4 banks. Customer service within the bank are good. No reward programs.
- Price
- Features
- Service
- Convenience
- Trust
Westpac savings account review by Joanne from South Australia 2014-01-09T15:48:20+11:00Was this review helpful? Yes
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ANZ savings account review
Terrific
- Overall customer rating
- (Reviewed 5 days ago)
I have found ANZ to be a great bank all round. Full review
ANZ savings account review by Karen milburn from 2014-01-09T15:44:10+11:00Was this review helpful? Yes
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Commonwealth Bank savings account review
Great customer service
- Overall customer rating
- (Reviewed 5 days ago)
I never wanted to bank with the Commonwealth Bank and wanted to keep to a localised bank such as a credit union as I wanted a personal experience. Once I married, I transferred over to the Commonwealth Bank as this is where my husband banked - thi... Full review
I never wanted to bank with the Commonwealth Bank and wanted to keep to a localised bank such as a credit union as I wanted a personal experience. Once I married, I transferred over to the Commonwealth Bank as this is where my husband banked - this was approximately 5 years ago. I have not had a bad experience with the bank and all interactions with the staff, online tools etc have been pleasant and easy to deal with. I get the personal touch that I had received with my previous provider although better options and support.
- Price
- Features
- Service
- Convenience
- Trust
Commonwealth Bank NetBank Saver savings account review by Helen from Victoria 2014-01-09T15:42:53+11:00Was this review helpful? Yes
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Savings account information
Choosing the right account for your savings is more important than ever now that interest rates are falling. Mozo is here to help you find the best interest rates for savings. Our database has the latest interest rates and fees and covers all the main financial institutions, including BankWest savings accounts, UBank accounts and more.
You can also read savings account reviews from real customers around Australia to get the inside story on everything from convenience to customer service.
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Making comparisons
Whether you're looking for online savings accounts, cash management accounts or simply the best high interest savings accounts on the Australian market, our nifty comparison tools let you quickly filter and compare accounts according to the features you want.
Popular savings accounts include:
You can shortlist accounts and compare your selection side-by-side to pick a winner.
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Finding the right account
Before you compare savings accounts, it helps to think about whether you want instant access to your funds, how often you intend to make withdrawals and how much money you will keep in your account month to month.
Some accounts offer bonus, high interest rates if you meet certain conditions, like maintaining a minimum monthly balance or not making any withdrawals. If these sorts of conditions sound too restrictive for your needs, look for an account that offers a good rate without strings attached.
Work out a savings goal and think about setting up an automatic deduction from your bank account each month to go towards your savings. If you need help in figuring out how much you can save and how long it will take you, try Mozo's savings calculator. It will instantly show you what your balance will be and how long it will take to achieve your savings goal.
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Savings interest rates
These days many banks advertise special introductory savings interest rates, but when you compare savings accounts be sure to check the regular interest rate that applies once the introductory rate expires.
Some accounts can tempt unwary savers with sky-high introductory rates but leave your savings languishing on a low rate once the introductory offer expires.
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Savings account features
Not all accounts offer instant access to your cash. When comparing savings accounts, think about how and when you will want to make withdrawals or transfers.
Mozo lets you filter and compare savings accounts according to the type of features you want, including ATM and EFTPOS access, debit cards and internet banking.
This page is all about personal saving - information concerning accounts in our business banking section.
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Savings account calculators
Crunch numbers with our handy calculators.-
Savings account guides
Save effortlessly with our straightforward guides and catch the best savings rates, high interest accounts and more.
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Community
Keep up to date with the latest news or get your savings account questions answered by the money mavens on Mozo Answers.Recently asked questions about savings accounts
- Article :- How to invest when you don't have much money - 29th August 2013
- I have an investment property which the interest rate is fixed at a higher rate than is now available, I want to know which would be a good one to go with as I owe less than 180k on it.Currently it is with one of the big four banks. I own my own home.
- Moving overseas, now only realising that taking all my earnings with me, out of the country, is made difficult :/
- See all saving questions »
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