You are here:
savings accounts

Compare savings accounts

We've made it quick and easy to compare savings accounts from Australia's banks. Check out the popular savings account table below for some of the market's latest savings account offers or compare the whole market with our fast and simple search tool.

ING DIRECT

ING DIRECT Savings Maximiser

- No ING DIRECT fees
- A variable Loyalty Bonus after your Welcome Rate
- No fixed term or minimum balances
special rate
4.35%
p.a. Variable for 4 months from account opening for new customers, on balances up to $250,000.
standard interest rate
2.75%
account fee per month
$0.00
Go to site

Click for more info

Special rate conditions	Variable welcome rate applies for the first 4 months on balances up to $250,000. After that, a variable bonus rate of 0.50% if balance increased by $200 in the month on balances up to $50,000.

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account

ME Bank

ME Bank Online Savings Account with Everyday Transaction Account

- No minimum account keeping fee
- No minimum deposit required
- 24/7 access via online banking
special rate
4.60%
Bonus rate for 5 months on balances up to $250,000 if linked to Everyday Transaction Account
standard interest rate
2.90%
account fee per month
$0.00
Go to site

Click for more info

Special rate conditions	Bonus rate for first 5 months, must link to an ME Bank EveryDay transaction account, must open account by 31 January 2014

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account

Bankwest

Bankwest TeleNet Saver

- No minimum monthly deposit
- No fees
- 100% secure online application
special rate
4.30%
bonus rate for 6 months
standard interest rate
2.70%
account fee per month
$0.00
Go to site

Click for more info

Special rate conditions	Bonus rate for the first 6 months from account opening

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account

- - Earn bonus interest if you deposit $10 per calendar month with no withdrawals during the calendar month
  - No monthly or account keeping fees
  - No minimum balance
- special rate
  3.75%
  minimum deposit $10, no withdrawals, under age of 25.
- standard interest rate
  0.25%
- account fee per month
  $0.00
- Go to site
Click for more info

Less info

Special rate conditions Minimum deposit of $10 and no withdrawals in the month, customers under the age of 25

Access BPay, Branch access, Phone banking, Internet banking

Minimum balance $0.00

Other restrictions

Special rate conditions	Minimum deposit of $10 and no withdrawals in the month, customers under the age of 25

Access	BPay, Branch access, Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions

HSBC

HSBC Serious Saver

- No monthly fees
- No minimum deposit
- Apply online in under 10 minutes
special rate
4.25%
bonus rate for 4 months
standard interest rate
2.90%
account fee per month
$0.00
Go to site

Click for more info

Special rate conditions	Bonus rate for the first 4 months

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account. Maximum account balance is $1,000,000.

ME Bank

ME Bank Online Savings Account with Everyday Transaction Account

- No minimum account keeping fee
- No minimum deposit required
- 24/7 access via online banking
special rate
4.60%
Bonus rate for 5 months on balances up to $250,000 if linked to Everyday Transaction Account
conditions
Bonus rate for first 5 months, must link to an ME Bank EveryDay transaction account, must open account by 31 January 2014
Go to site

Click for more info

Standard interest rate	2.90%
Account fee per month	$0.00

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account

ING DIRECT

ING DIRECT Savings Maximiser

- No ING DIRECT fees
- A variable Loyalty Bonus after your Welcome Rate
- No fixed term or minimum balances
special rate
4.35%
p.a. Variable for 4 months from account opening for new customers, on balances up to $250,000.
conditions
Variable welcome rate applies for the first 4 months on balances up to $250,000. After that, a variable bonus rate of 0.50% if balance increased by $200 in the month on balances up to $50,000.
Go to site

Click for more info

Standard interest rate	2.75%
Account fee per month	$0.00

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account

Bankwest

Bankwest TeleNet Saver

- No minimum monthly deposit
- No fees
- 100% secure online application
special rate
4.30%
bonus rate for 6 months
conditions
Bonus rate for the first 6 months from account opening
Go to site

Click for more info

Standard interest rate	2.70%
Account fee per month	$0.00

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account

HSBC

HSBC Serious Saver

- No monthly fees
- No minimum deposit
- Apply online in under 10 minutes
special rate
4.25%
bonus rate for 4 months
conditions
Bonus rate for the first 4 months
Go to site

Click for more info

Standard interest rate	2.90%
Account fee per month	$0.00

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account. Maximum account balance is $1,000,000.

- - Earn bonus interest if you deposit $10 per calendar month with no withdrawals during the calendar month
  - No monthly or account keeping fees
  - No minimum balance
- special rate
  3.75%
  minimum deposit $10, no withdrawals, under age of 25.
- conditions
  Minimum deposit of $10 and no withdrawals in the month, customers under the age of 25
- Go to site
Click for more info

Less info

Standard interest rate 0.25%

Account fee per month $0.00

Access BPay, Branch access, Phone banking, Internet banking

Minimum balance $0.00

Other restrictions

Standard interest rate	0.25%
Account fee per month	$0.00

Access	BPay, Branch access, Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions

ME Bank

ME Bank Online Savings Account with Everyday Transaction Account

- No minimum account keeping fee
- No minimum deposit required
- 24/7 access via online banking
standard interest rate
2.90%
account fee per month
$0.00
minimum balance
$0.00
Go to site

Click for more info

Special rate	4.60% Bonus rate for 5 months on balances up to $250,000 if linked to Everyday Transaction Account
Special rate conditions	Bonus rate for first 5 months, must link to an ME Bank EveryDay transaction account, must open account by 31 January 2014

Access	Phone banking, Internet banking
Other restrictions	Must link to a transaction account

- - No monthly fees
  - No minimum deposit
  - Apply online in under 10 minutes
- standard interest rate
  2.90%
- account fee per month
  $0.00
- minimum balance
  $0.00
- Go to site
Click for more info

Less info

Special rate 4.25%
bonus rate for 4 months

Special rate conditions Bonus rate for the first 4 months

Access Phone banking, Internet banking

Other restrictions Must link to a transaction account. Maximum account balance is $1,000,000.

Special rate	4.25% bonus rate for 4 months
Special rate conditions	Bonus rate for the first 4 months

Access	Phone banking, Internet banking
Other restrictions	Must link to a transaction account. Maximum account balance is $1,000,000.

ING DIRECT

ING DIRECT Savings Maximiser

- No ING DIRECT fees
- A variable Loyalty Bonus after your Welcome Rate
- No fixed term or minimum balances
standard interest rate
2.75%
account fee per month
$0.00
minimum balance
$0.00
Go to site

Click for more info

Special rate	4.35% p.a. Variable for 4 months from account opening for new customers, on balances up to $250,000.
Special rate conditions	Variable welcome rate applies for the first 4 months on balances up to $250,000. After that, a variable bonus rate of 0.50% if balance increased by $200 in the month on balances up to $50,000.

Access	Phone banking, Internet banking
Other restrictions	Must link to a transaction account

- - No minimum monthly deposit
  - No fees
  - 100% secure online application
- standard interest rate
  2.70%
- account fee per month
  $0.00
- minimum balance
  $0.00
- Go to site
Click for more info

Less info

Special rate 4.30%
bonus rate for 6 months

Special rate conditions Bonus rate for the first 6 months from account opening

Access Phone banking, Internet banking

Other restrictions Must link to a transaction account

Special rate	4.30% bonus rate for 6 months
Special rate conditions	Bonus rate for the first 6 months from account opening

Access	Phone banking, Internet banking
Other restrictions	Must link to a transaction account

bankmecu

bankmecu mySaver

- Earn bonus interest if you deposit $10 per calendar month with no withdrawals during the calendar month
- No monthly or account keeping fees
- No minimum balance
standard interest rate
0.25%
account fee per month
$0.00
minimum balance
$0.00
Go to site

Click for more info

Special rate	3.75% minimum deposit $10, no withdrawals, under age of 25.
Special rate conditions	Minimum deposit of $10 and no withdrawals in the month, customers under the age of 25

Access	BPay, Branch access, Phone banking, Internet banking
Other restrictions

HSBC

HSBC Serious Saver

- No monthly fees
- No minimum deposit
- Apply online in under 10 minutes
account fee per month
$0.00
standard interest rate
2.90%
special rate
4.25%
bonus rate for 4 months
Go to site

Click for more info

Special rate conditions	Bonus rate for the first 4 months

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account. Maximum account balance is $1,000,000.

ME Bank

ME Bank Online Savings Account with Everyday Transaction Account

- No minimum account keeping fee
- No minimum deposit required
- 24/7 access via online banking
account fee per month
$0.00
standard interest rate
2.90%
special rate
4.60%
Bonus rate for 5 months on balances up to $250,000 if linked to Everyday Transaction Account
Go to site

Click for more info

Special rate conditions	Bonus rate for first 5 months, must link to an ME Bank EveryDay transaction account, must open account by 31 January 2014

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account

ING DIRECT

ING DIRECT Savings Maximiser

- No ING DIRECT fees
- A variable Loyalty Bonus after your Welcome Rate
- No fixed term or minimum balances
account fee per month
$0.00
standard interest rate
2.75%
special rate
4.35%
p.a. Variable for 4 months from account opening for new customers, on balances up to $250,000.
Go to site

Click for more info

Special rate conditions	Variable welcome rate applies for the first 4 months on balances up to $250,000. After that, a variable bonus rate of 0.50% if balance increased by $200 in the month on balances up to $50,000.

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account

Bankwest

Bankwest TeleNet Saver

- No minimum monthly deposit
- No fees
- 100% secure online application
account fee per month
$0.00
standard interest rate
2.70%
special rate
4.30%
bonus rate for 6 months
Go to site

Click for more info

Special rate conditions	Bonus rate for the first 6 months from account opening

Access	Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions	Must link to a transaction account

- - Earn bonus interest if you deposit $10 per calendar month with no withdrawals during the calendar month
  - No monthly or account keeping fees
  - No minimum balance
- account fee per month
  $0.00
- standard interest rate
  0.25%
- special rate
  3.75%
  minimum deposit $10, no withdrawals, under age of 25.
- Go to site
Click for more info

Less info

Special rate conditions Minimum deposit of $10 and no withdrawals in the month, customers under the age of 25

Access BPay, Branch access, Phone banking, Internet banking

Minimum balance $0.00

Other restrictions

Special rate conditions	Minimum deposit of $10 and no withdrawals in the month, customers under the age of 25

Access	BPay, Branch access, Phone banking, Internet banking
Minimum balance	$0.00
Other restrictions

- - No monthly fees
  - No minimum deposit
  - Apply online in under 10 minutes
- minimum balance
  $0.00
- standard interest rate
  2.90%
- special rate
  4.25%
  bonus rate for 4 months
- Go to site
Click for more info

Less info

Special rate conditions Bonus rate for the first 4 months

Account fee per month $0.00

Access Phone banking, Internet banking

Other restrictions Must link to a transaction account. Maximum account balance is $1,000,000.

Special rate conditions	Bonus rate for the first 4 months
Account fee per month	$0.00

Access	Phone banking, Internet banking
Other restrictions	Must link to a transaction account. Maximum account balance is $1,000,000.

ME Bank

ME Bank Online Savings Account with Everyday Transaction Account

- No minimum account keeping fee
- No minimum deposit required
- 24/7 access via online banking
minimum balance
$0.00
standard interest rate
2.90%
special rate
4.60%
Bonus rate for 5 months on balances up to $250,000 if linked to Everyday Transaction Account
Go to site

Click for more info

Special rate conditions	Bonus rate for first 5 months, must link to an ME Bank EveryDay transaction account, must open account by 31 January 2014
Account fee per month	$0.00

Access	Phone banking, Internet banking
Other restrictions	Must link to a transaction account

ING DIRECT

ING DIRECT Savings Maximiser

- No ING DIRECT fees
- A variable Loyalty Bonus after your Welcome Rate
- No fixed term or minimum balances
minimum balance
$0.00
standard interest rate
2.75%
special rate
4.35%
p.a. Variable for 4 months from account opening for new customers, on balances up to $250,000.
Go to site

Click for more info

Special rate conditions	Variable welcome rate applies for the first 4 months on balances up to $250,000. After that, a variable bonus rate of 0.50% if balance increased by $200 in the month on balances up to $50,000.
Account fee per month	$0.00

Access	Phone banking, Internet banking
Other restrictions	Must link to a transaction account

- - Earn bonus interest if you deposit $10 per calendar month with no withdrawals during the calendar month
  - No monthly or account keeping fees
  - No minimum balance
- minimum balance
  $0.00
- standard interest rate
  0.25%
- special rate
  3.75%
  minimum deposit $10, no withdrawals, under age of 25.
- Go to site
Click for more info

Less info

Special rate conditions Minimum deposit of $10 and no withdrawals in the month, customers under the age of 25

Account fee per month $0.00

Access BPay, Branch access, Phone banking, Internet banking

Other restrictions

Special rate conditions	Minimum deposit of $10 and no withdrawals in the month, customers under the age of 25
Account fee per month	$0.00

Access	BPay, Branch access, Phone banking, Internet banking
Other restrictions

- - No minimum monthly deposit
  - No fees
  - 100% secure online application
- minimum balance
  $0.00
- standard interest rate
  2.70%
- special rate
  4.30%
  bonus rate for 6 months
- Go to site
Click for more info

Less info

Special rate conditions Bonus rate for the first 6 months from account opening

Account fee per month $0.00

Access Phone banking, Internet banking

Other restrictions Must link to a transaction account

Special rate conditions	Bonus rate for the first 6 months from account opening
Account fee per month	$0.00

Access	Phone banking, Internet banking
Other restrictions	Must link to a transaction account

- - Earn bonus interest each month you deposit and don't withdraw
  - No monthly fees
  - Free withdrawals (when a withdrawal is made the variable bonus rate won't apply)
- special rate
  3.91%
  minimum one deposit, no withdrawals
- standard interest rate
  0.01%
- ages
  under 12
- Go to site
Click for more info

Less info

conditions Minimum one deposit and no withdrawals in the month

account fee $0.00

minimum balance $0.00

access Branch access

- - Free staff assisted transactions, Internet and phone banking
  - $0 account fees. $0 minimum balance
- special rate
  3.75%
  minimum deposit $20, one withdrawal allowed
- standard interest rate
  1.50%
- ages
  under 18
- Go to site
Click for more info

Less info

conditions Minimum deposit of $20 and no more than one withdrawal in the month

account fee $0.00

minimum balance $0.00

access Branch access, Phone banking, Internet banking

- - Earn bonus interest if you deposit $10 per calendar month with no withdrawals during the calendar month
  - No monthly or account keeping fees
  - No minimum balance
- special rate
  3.75%
  minimum deposit $10, no withdrawals, under age of 25.
- standard interest rate
  0.25%
- ages
  under 25
- Go to site
Click for more info

Less info

conditions Minimum deposit of $10 and no withdrawals in the month, customers under the age of 25

account fee $0.00

minimum balance $0.00

access BPay, Branch access, Phone banking, Internet banking

Victoria Teachers Mutual Bank

Victoria Teachers Mutual Bank First Saver Account

- Unlimited free transactions from phone, Internet & BPAY
- $0 account fee. $0 minimum balance
special rate
standard interest rate
3.25%
ages
Under 18
Go to site

Click for more info

Top 5 Highest interest rate

- based on special interest rate on a $5,000 balance

apply now
all savings accounts
big banks

Go to site

4.60%
ME Bank
– Online Savings Account with Everyday Transaction Account
Go to site

4.35%
ING DIRECT
– Savings Maximiser
Go to site

4.30%
Bankwest
– TeleNet Saver
Go to site

4.25%
HSBC
– Serious Saver
Go to site

4.01%
Commonwealth Bank
– GoalSaver

4.62%
UBank
– USaver with Ultra
Go to site

4.60%
ME Bank
– Online Savings Account with Everyday Transaction Account
4.40%
RaboDirect
– High interest savings
Go to site

4.35%
ING DIRECT
– Savings Maximiser
4.30%
Citibank
– Online Saver

4.25%
NAB
– Reward Saver
4.10%
ANZ
– Online Saver
4.02%
Westpac
– eSaver
Go to site

4.01%
Commonwealth Bank
– GoalSaver

Mozo Ratings and Reviews

Savings account reviews

Read savings account reviews written by real customers around Australia

Who are the best savings account providers?

Savings account calculator

SAVINGS ACCOUNT CALCULATOR

Work out what you can earn from regular savings
Calculate

Mozo Legals:

Money

Compare savings accounts

Savings accounts

all

promo rate

standard rate

no monthly fee

no minimum balance

kids

Top 5 Highest interest rate

Mozo Ratings and Reviews

Read savings account reviews written by real customers around Australia

Savings account calculator

SAVINGS ACCOUNT CALCULATOR

Mozo Legals:

Compare and Save

Check out today's best deals

Top Home Loan

$0 Annual Fee

0% Credit Cards

Get Double Data Here

iPhone Plans

Readers' most viewed

Top 5 Money articles

Top 5 Money articles

Top 5 Money articles

Top 5 Money articles

Top 5 Money articles

Sydney Morning Herald

Connect

Products & Services

Classifieds

Fairfax Media

Our Sites

Our Partners

account fee	$0.00
minimum balance	$0.00
access	Branch access, Phone banking, Internet banking

Search smh:

Search in:

Compare savings accounts

Savings accounts

Top 5 Highest interest rate

Read savings account reviews written by real customers around Australia

Savings account calculator

Mozo Legals:

News & Weather

Business & Finance

Lifestyle

Classifieds