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 rate0.77% | Rate conditionswith bonus conditions | Interest earnings$77 | A great, high interest earning savings account that has been designed with our community conscious members in mind. | ||
 | Max rate0.75% | Rate conditionsNo special conditions | Interest earnings$75 | |||
| Max rate0.70% | Rate conditionsNo special conditions | Interest earnings$70 | |||
 | Max rate0.60% | Rate conditionsNo special conditions | Interest earnings$60 | An internet-based savings account to help reach your saving goals faster. This online account provides anytime access and rewards you with interest. As an added bonus, the iSaver can be used as an… | ||
 | Max rate0.50% | Rate conditionsNo special conditions | Interest earnings$50 | Use our Christmas Account to help you put aside money for the busy Christmas period. | ||
 | Max rate0.45% | Rate conditionsNo special conditions | Interest earnings$45 | An account designed especially for Primary Producers. | ||
 | Max rate0.40% | Rate conditionsNo special conditions | Interest earnings$40 | |||
 | Max rate0.25% | Rate conditionsNo special conditions | Interest earnings$25 | |||
 | Max rate0.25% | Rate conditionsNo special conditions | Interest earnings$25 | |||
| Max rate0.15% | Rate conditionsNo special conditions | Interest earnings$15 | |||
| Max rate0.10% | Rate conditionsNo special conditions | Interest earnings$10 | An account with anytime access that rewards you with interest, as well as provides branch and staff assisted withdrawals and transfers. | ||
 | Max rate0.05% | Rate conditionsNo special conditions | Interest earnings$5 | |||
| Max rate0.05% | Rate conditionsNo special conditions | Interest earnings$5 | |||
 | Max rate0.05% | Rate conditionsNo special conditions | Interest earnings$5 | For budgeting and reaching your financial goals | ||
 | Max rate0.05% | Rate conditionsNo special conditions | Interest earnings$5 | Your everyday account, and a gateway to easy banking. | ||
 | Max rate0.01% | Rate conditionsNo special conditions | Interest earnings$1 | The Access Savings Account is no longer available as a new account | ||
 | Max rate0.01% | Rate conditionsNo special conditions | Interest earnings$1 | Your day to day savings account for all your basic banking needs. access your funds when and where you need them. | ||
 | Max rate0.01% | Rate conditionsNo special conditions | Interest earnings$1 | Your day to day savings account for all your basic banking needs. Your funds are at call and earn daily interest. You can access your money by card or cheque, set up bill payments and use internet or… | ||
 | Max rate0.01% | Rate conditionsNo special conditions | Interest earnings$1 | The perfect everyday spending companion, the Military Rewards Account features 1% cash back (with a $25 monthly cap) on Visa payWave purchases under $100, free Australian Military Bank ATM… | ||
| Max rate0.01% | Rate conditionsNo special conditions | Interest earnings$1 | This account helps you avoid exception fees such as Overdrawn Service fee and Dishonour fees. Your funds are at call and earn daily interest. You can set up bill payments and direct entries and use… | ||
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.