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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.

ME Bank
ME Bank Online Savings Account with Everyday Transaction Account
- No account keeping fee
- No minimum deposit
- No interest rate penalties for withdrawals
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

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

HSBC
HSBC Serious Saver
- No monthly fees
- No minimum deposit
- Apply online in under 10 minutes
special rate
4.00%
No withdrawals in the month. Bonus rate for first 4 months, reverting to 2.90% after
standard interest rate
0.00%
account fee per month
$0.00
Go to site

Click for more info

Bankwest
Bankwest TeleNet Saver
- 6 month variable intro rate for new TeleNet Saver customers only. Limited time offer
- Limited time offer, open a TeleNet Saver account before 31 May 2014 to benefit from the variable intro rate for 6 months
- No fees
special rate
4.09%
Bonus rate for the first 6 months when you open an account before 31 May 2014
standard interest rate
2.70%
account fee per month
$0.00
Go to site

Click for more info

ANZ
ANZ Online Saver
- Exclusive online offer 1.40% p.a. bonus interest for 4 months. Limited time only.
- No minimum balance
- Interest calculated daily and paid monthly
special rate
3.90%
Bonus rate for 4 months
standard interest rate
2.50%
account fee per month
$0.00
Go to site

Click for more info

ANZ
ANZ Progress Saver
- Earn up to 3.71% bonus interest when no withdrawals are made
- No monthly account fee
- Receive 1 free ANZ withdrawal per month before additional withdrawal fees apply
special rate
3.71%
Minimum deposit $10, no withdrawals
standard interest rate
0.01%
account fee per month
$0.00
Go to site

Click for more info

ME Bank
ME Bank Online Savings Account with Everyday Transaction Account
- No account keeping fee
- No minimum deposit
- No interest rate penalties for withdrawals
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 4 July 2014
Go to site

Click for more info

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

Bankwest
Bankwest TeleNet Saver
- 6 month variable intro rate for new TeleNet Saver customers only. Limited time offer
- Limited time offer, open a TeleNet Saver account before 31 May 2014 to benefit from the variable intro rate for 6 months
- No fees
special rate
4.09%
Bonus rate for the first 6 months when you open an account before 31 May 2014
conditions
Bonus rate for the first 6 months when you open an account before 31 May 2014
Go to site

Click for more info

HSBC
HSBC Serious Saver
- No monthly fees
- No minimum deposit
- Apply online in under 10 minutes
special rate
4.00%
No withdrawals in the month. Bonus rate for first 4 months, reverting to 2.90% after
conditions
No withdrawals in the month. Bonus rate for first 4 months, reverting to 2.90% after
Go to site

Click for more info

ANZ
ANZ Online Saver
- Exclusive online offer 1.40% p.a. bonus interest for 4 months. Limited time only.
- No minimum balance
- Interest calculated daily and paid monthly
special rate
3.90%
Bonus rate for 4 months
conditions
Introductory bonus rate for 4 months from account opening
Go to site

Click for more info

ANZ
ANZ Progress Saver
- Earn up to 3.71% bonus interest when no withdrawals are made
- No monthly account fee
- Receive 1 free ANZ withdrawal per month before additional withdrawal fees apply
special rate
3.71%
Minimum deposit $10, no withdrawals
conditions
Minimum deposit of $10 and no withdrawals in the month
Go to site

Click for more info

ME Bank
ME Bank Online Savings Account with Everyday Transaction Account
- No account keeping fee
- No minimum deposit
- No interest rate penalties for withdrawals
standard interest rate
2.90%
account fee per month
$0.00
minimum balance
$0.00
Go to site

Click for more info

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

Bankwest
Bankwest TeleNet Saver
- 6 month variable intro rate for new TeleNet Saver customers only. Limited time offer
- Limited time offer, open a TeleNet Saver account before 31 May 2014 to benefit from the variable intro rate for 6 months
- No fees
standard interest rate
2.70%
account fee per month
$0.00
minimum balance
$0.00
Go to site

Click for more info

- ANZ
- ANZ Online Saver
- - Exclusive online offer 1.40% p.a. bonus interest for 4 months. Limited time only.
  - No minimum balance
  - Interest calculated daily and paid monthly
- standard interest rate
  2.50%
- account fee per month
  $0.00
- minimum balance
  $0.00
- Go to site
Click for more info

Less info

Special rate 3.90%
Bonus rate for 4 months

Special rate conditions Introductory bonus rate for 4 months from account opening

Access BPay, Phone banking, Internet banking

Other restrictions Must be linked to ANZ deposit account.

- ANZ
- ANZ Progress Saver
- - Earn up to 3.71% bonus interest when no withdrawals are made
  - No monthly account fee
  - Receive 1 free ANZ withdrawal per month before additional withdrawal fees apply
- standard interest rate
  0.01%
- account fee per month
  $0.00
- minimum balance
  $10.00
- Go to site
Click for more info

Less info

Special rate 3.71%
Minimum deposit $10, no withdrawals

Special rate conditions Minimum deposit of $10 and no withdrawals in the month

Access ATM, EFTPOS, Branch access, Phone banking, Internet banking

Other restrictions

HSBC
HSBC Serious Saver
- No monthly fees
- No minimum deposit
- Apply online in under 10 minutes
standard interest rate
0.00%
account fee per month
$0.00
minimum balance
$0.00
Go to site

Click for more info

Bankwest
Bankwest TeleNet Saver
- 6 month variable intro rate for new TeleNet Saver customers only. Limited time offer
- Limited time offer, open a TeleNet Saver account before 31 May 2014 to benefit from the variable intro rate for 6 months
- No fees
account fee per month
$0.00
standard interest rate
2.70%
special rate
4.09%
Bonus rate for the first 6 months when you open an account before 31 May 2014
Go to site

Click for more info

ME Bank
ME Bank Online Savings Account with Everyday Transaction Account
- No account keeping fee
- No minimum deposit
- No interest rate penalties for withdrawals
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

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
0.00%
special rate
4.00%
No withdrawals in the month. Bonus rate for first 4 months, reverting to 2.90% after
Go to site

Click for more info

ANZ
ANZ Online Saver
- Exclusive online offer 1.40% p.a. bonus interest for 4 months. Limited time only.
- No minimum balance
- Interest calculated daily and paid monthly
account fee per month
$0.00
standard interest rate
2.50%
special rate
3.90%
Bonus rate for 4 months
Go to site

Click for more info

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

ANZ
ANZ Progress Saver
- Earn up to 3.71% bonus interest when no withdrawals are made
- No monthly account fee
- Receive 1 free ANZ withdrawal per month before additional withdrawal fees apply
account fee per month
$0.00
standard interest rate
0.01%
special rate
3.71%
Minimum deposit $10, no withdrawals
Go to site

Click for more info

- ANZ
- ANZ Online Saver
- - Exclusive online offer 1.40% p.a. bonus interest for 4 months. Limited time only.
  - No minimum balance
  - Interest calculated daily and paid monthly
- minimum balance
  $0.00
- standard interest rate
  2.50%
- special rate
  3.90%
  Bonus rate for 4 months
- Go to site
Click for more info

Less info

Special rate conditions Introductory bonus rate for 4 months from account opening

Account fee per month $0.00

Access BPay, Phone banking, Internet banking

Other restrictions Must be linked to ANZ deposit account.

ME Bank
ME Bank Online Savings Account with Everyday Transaction Account
- No account keeping fee
- No minimum deposit
- No interest rate penalties for withdrawals
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

- HSBC
- HSBC Serious Saver
- - No monthly fees
  - No minimum deposit
  - Apply online in under 10 minutes
- minimum balance
  $0.00
- standard interest rate
  0.00%
- special rate
  4.00%
  No withdrawals in the month. Bonus rate for first 4 months, reverting to 2.90% after
- Go to site
Click for more info

Less info

Special rate conditions No withdrawals in the month. Bonus rate for first 4 months, reverting to 2.90% after

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.

- ANZ
- ANZ Progress Saver
- - Earn up to 3.71% bonus interest when no withdrawals are made
  - No monthly account fee
  - Receive 1 free ANZ withdrawal per month before additional withdrawal fees apply
- minimum balance
  $10.00
- standard interest rate
  0.01%
- special rate
  3.71%
  Minimum deposit $10, no withdrawals
- Go to site
Click for more info

Less info

Special rate conditions Minimum deposit of $10 and no withdrawals in the month

Account fee per month $0.00

Access ATM, EFTPOS, Branch access, Phone banking, Internet banking

Other restrictions

- Bankwest
- Bankwest TeleNet Saver
- - 6 month variable intro rate for new TeleNet Saver customers only. Limited time offer
  - Limited time offer, open a TeleNet Saver account before 31 May 2014 to benefit from the variable intro rate for 6 months
  - No fees
- minimum balance
  $0.00
- standard interest rate
  2.70%
- special rate
  4.09%
  Bonus rate for the first 6 months when you open an account before 31 May 2014
- Go to site
Click for more info

Less info

Special rate conditions Bonus rate for the first 6 months when you open an account before 31 May 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

- Westpac
- Westpac Reward Saver (under 12)
- - 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
  3.71%
  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

Victoria Teachers Mutual Bank
Victoria Teachers Mutual Bank First Saver Account
- Unlimited free transactions from phone, Internet & BPAY
- $0 account fees
- $0 minimum balance
special rate
standard interest rate
3.25%
ages
Under 17
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

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4.35%
ING DIRECT
– Savings Maximiser
Go to site

4.09%
Bankwest
– TeleNet Saver
Go to site

4.00%
HSBC
– Serious Saver
Go to site

3.90%
ANZ
– Online Saver
Go to site

3.71%
ANZ
– Progress Saver

4.60%
ME Bank
– Online Savings Account with Everyday Transaction Account
4.37%
UBank
– USaver with Ultra
Go to site

4.35%
ING DIRECT
– Savings Maximiser
4.25%
Unicredit
– UniSaver Online
4.25%
Maitland Mutual Building Society
– Internet Saver

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3.90%
ANZ
– Online Saver
3.83%
NAB
– Reward Saver
3.82%
Westpac
– eSaver
3.81%
Commonwealth Bank
– NetBank Saver

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Mozo Legals:

IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.