Compare Savings Account Rates
Today's featured Savings Accounts
Highest rate for your filters
A savings account that earns variable interest on AUD balances. Interest accrues and is applied daily.
Highest rate for your filters
Give your savings a boost with our award winning High Interest Savings Account which offers flexibility and easy access to your money.
Comparing 253 products
20 membership-required, 1 broker-arranged, 36 business and 11 SMSF products hidden from this list.
Saving $10,000 over 1 year at the highest shown:
- Top rate
- 6.25% p.a.
- Interest earned
- $643
- Balance after 1 year
- $10,643
Estimate only, based on Revolut’s highest advertised rate. Interest is assumed to compound monthly at the max rate for the whole period, including any bonus or intro rate. Bonus rates are paid only in months their conditions are met and intro rates end after a set period, so actual interest can be lower.
| Product | Rate conditions | Actions | |||||
|---|---|---|---|---|---|---|---|
 | Max rate2.00% | Rate conditionsNo special conditions | Interest earnings$202 | ||||
 | Max rate1.95% | Rate conditionswith bonus conditions | Interest earnings$197 | For under-18s | Savings and banking solutions for young children and teenagers made simple and easy. | ||
| Max rate1.90% | Rate conditionsNo special conditions | Interest earnings$192 | Account for members who are over 55 or recipients of an eligible pension. | |||
 | Max rate1.90% | Rate conditionsNo special conditions | Interest earnings$192 | ||||
| Max rate1.75% | Rate conditionsNo special conditions | Interest earnings$176 | Interest bearing Online savings account | |||
 | Max rate1.75% | Rate conditionsNo special conditions | Interest earnings$176 | Christmas Is Always Just Around The Corner. Fun, Festivity And Gifts All Come At A Price. Time To Start Saving. Broken Hill Bank Can Help Prepare With A Santa Saver Account. | |||
| Max rate1.66% | Rate conditionswhen you deposit $200+ monthly | Interest earnings$167 | Online account only that can earn bonus interest. | |||
 | Max rate1.60% | Rate conditionsNo special conditions | Interest earnings$161 | Online savings account with a standard variable interest rate | |||
| Max rate1.60% | Rate conditionswhen you make no withdrawals | Interest earnings$161 | This account is ideal for the short term investor and includes bonus interest | |||
| Max rate1.60% | Rate conditionsNo special conditions | Interest earnings$161 | Broken Hill Bank's Over The Counter Savings Account. An Account Option For Those Customers That Don't Have Digital Services. | |||
 | Max rate1.50% | Rate conditionsNo special conditions | Interest earnings$151 | For under-18s | The Family First Teen Saver Account is designed especially for our teenage members aged 13 to 17 years. | ||
| Max rate1.50% | Rate conditionsNo special conditions | Interest earnings$151 | For under-18s | The Family First Super Saver Account is designed especially for our youngest members aged 0 to 12 years of age. | ||
| Max rate1.50% | Rate conditionsNo special conditions | Interest earnings$151 | ||||
 | Max rate1.25% | Rate conditionswith bonus conditions | Interest earnings$126 | For under-18s | It's never too early to teach kids to save! Encourage the right saving behaviour for children under 14 with a children's savings account held in their name. Make one withdrawal a month and still earn… | ||
 | Max rate1.10% | Rate conditionsNo special conditions | Interest earnings$111 | ||||
 | Max rate1.10% | Rate conditionsNo special conditions | Interest earnings$111 | The Christmas Saver account allows you to save for Christmas throughout the year. | |||
| Max rate1.05% | Rate conditionsNo special conditions | Interest earnings$106 | The Online Saver account is a special savings account for electronic use. | |||
 | Max rate1.00% | Rate conditionsfor 3 months, then 0.00% | Interest earnings$100 | The Reward Saver account rewards you for saving. Deposit just $50 per month and make no withdrawals to earn the reward rate. | |||
 | Max rate1.00% | Rate conditionsNo special conditions | Interest earnings$100 | Maximise your interest return with an online savings account for balances over $1000 | |||
 | Max rate0.85% | Rate conditionsNo special conditions | Interest earnings$85 | ||||
Important information
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Rates, fees and charges are subject to change without notice. Before acting on any information shown here, you should confirm the rates, fees, charges and product information with the provider. For clarity, where we have used the terms “lowest” or “best”, these relate solely to the rates of interest offered by the provider and not to any other factor. The application of these terms to a particular product is subject to change without notice if the provider changes their rates.
We do not compare every savings accounts available in Australia, and this table does not compare every feature that may be relevant to you. Products are selected for relevance to the table and to the filters applied. They are not suggestions or recommendations, and the order they appear in is not a ranking of suitability. Changing the filters will surface further relevant products. See how we sort and rank products.
Some providers pay us to promote a product or for a click through to their site. Any paid listing is marked “Sponsored Placement” wherever it appears. Payment never determines which products we show: we consider all relevant products in the market against the filters applied, and payment never changes the figures we display. See how we make money and our advertiser disclosure.
This information is general in nature. It does not take into account your objectives, financial situation or needs, and it is not a recommendation to apply for or hold any particular product. You should read the provider’s Key Facts Sheet, Target Market Determination and terms and conditions before deciding. CompareThat compares products. We do not arrange, approve or process applications.
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Guides
- Savings Accounts Guide How savings interest is calculated, paid and taxed A savings rate is quoted per year but earned per day, which is why the interest that lands in your account rarely matches the number you expected. Here is the calculation, the tax treatment, and the guarantee that sits behind the balance.
- Savings Accounts Guide Bonus savings rates explained Most high-interest savings accounts in Australia advertise one rate and often pay another. Here is exactly how the conditions work, what it costs when you miss them, and how to choose an account you will actually earn on.
The Numbers Behind These Rates
Where this market sits today, and the official figures behind it.
- Market averages Savings Account Market Averages Today's average savings account rate, by segment, and how it has moved since the last reading. Taken from every product in the feed, not a survey.
- Statistics Average Savings Account Interest Rate in Australia Almost every high-interest savings account advertises one rate and pays another. The tiles below show the gap between the headline rate and the base rate you fall back to, live across the accounts we compare.
- Market averages Term Deposit Market Averages Today's average term deposit rate, by segment, and how it has moved since the last reading. Taken from every product in the feed, not a survey.
- Statistics Average Term Deposit Rates in Australia Term deposit rates are not a single number, they are a curve across terms. The live tiles below show the average and best rate in each term band, which is the fastest way to see where the banks think rates are heading.
- Rate Tracker Every Market, One Page The daily average across home loans, savings, term deposits, credit cards and personal and car loans, measured against the RBA cash rate.