Compare Savings Account Rates

The gap between a market-leading savings rate and a forgotten everyday account adds up over a year, and the headline rate is rarely the whole story. Compare savings accounts from 82 Australian banks below, check the conditions attached to each bonus rate, and weigh introductory offers against the ongoing rate, with rates up to 6.25% p.a.This is our highest starting rate for these products. Other factors may change rates once you filter your results. See sorting and ranking for more info. with Revolut’s Revolut Instant Access Savings.

Rates checked against every provider’s own published dataWe show all of the product information we are able to access. For banking products that is each provider’s public Consumer Data Right (CDR) Product Reference Data endpoints, published under the Consumer Data Standards (CDS) maintained by the Data Standards Body. Where a provider does not publish a field, or a row is an editorial selection, we say so. on 19 Oct 2026
Written by Joshua PevyReviewed by Jordan PearceLast updated 19 Oct 2026How We Rank This PageEditorial StandardsOur Writers

Comparing 253 products

20 membership-required, 1 broker-arranged, 36 business and 11 SMSF products hidden from this list.

Your situation

Savings period

Compare against my rate

Lists only the accounts with a higher max rate.

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.

ProductRate conditionsActions
Police BankMax rate0.01%Rate conditionsNo special conditionsInterest earnings$1

Safeguard is a special purpose savings account to help you avoid penalty charges such as overdrawn service fees and dishonour fees. Your funds are at call and earn daily interest.

Horizon BankMax rate0.01%Rate conditionsNo special conditionsInterest earnings$1
Horizon BankMax rate0.01%Rate conditionsNo special conditionsInterest earnings$1

Compare against my rate

Lists only the accounts with a higher max rate.

Horizon BankMax rate0.01%Rate conditionsNo special conditionsInterest earnings$1
Horizon BankMax rate0.01%Rate conditionsNo special conditionsInterest earnings$1

Redisavings is our most popular everyday bank account for adults with a range of access options

Border BankMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0

This savings account helps reduce the interest you pay on your mortgage. Funds are available at call. You can set up bill payments and use internet and phone banking on this account.

Police BankMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0

This savings account helps reduce the interest you pay on your mortgage. Funds are available at call. You can set up bill payments and use internet and phone banking on this account.

The MacMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0
AMP Bank GOMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0

The AMP Bank GO Everyday Account is a digital-first transaction account that has no monthly account fees and allows customers easy access to their funds.

Family FirstMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0

With Family First’s Budget savings account, you can easily budget for bills, school fees, council rates etc. This account is great for members who have a regular payment such as rent, mortgage…

Orange Credit UnionMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0
AMP Bank GOMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0

The AMP Bank GO Everyday Account is a digital-first transaction account that has no monthly account fees and allows customers easy access to their funds.

The MacMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0
The MacMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0
The MacMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0
The MacMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0
The MacMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0
The MacMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0
The MacMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0
TMCUMax rate0.00%Rate conditionsNo special conditionsInterest earnings$0

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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The Numbers Behind These Rates

Where this market sits today, and the official figures behind it.