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 rate5.39% | Rate conditionswith bonus conditions | Interest earnings$553 | An account that rewards you with bonus interest for regular saving to help you save faster. | |||
 | Max rate5.35% | Rate conditionsNo special conditions | Interest earnings$548 | Earn interest, pay bills and make transfers using the ANZ Plus Flex Saver. | |||
 | Max rate5.30% | Rate conditionsfor 4 months, then 0.05% | Interest earnings$543 | Boost your savings and enjoy bonus interest for the first four months with our Hi Saver Account. It's your savings, supercharged. | |||
 | Max rate5.30% | Rate conditionsNo special conditions | Interest earnings$543 | An online savings account that earns you interest every month on balances up to $3 million, regardless of how you save. | |||
| Max rate5.30% | Rate conditionsNo special conditions | Interest earnings$543 | For under-18s | A savings sub-account linked to a parent's Revolut Personal Account intended for children aged 6 to 15, earning variable interest on AUD balances. Features and allowances vary based on the parent's… | ||
 | Max rate5.30% | Rate conditionswhen you deposit $100+ monthly with no withdrawals | Interest earnings$543 | Reach your savings goals faster by earning bonus interest | |||
 | Max rate5.30% | Rate conditionsfor 4 months, then 0.05% | Interest earnings$543 | Give your savings a lift and earn bonus interest for the first four months. | |||
 | Max rate5.29% | Rate conditionswhen you deposit $10+ monthly | Interest earnings$542 | Long Term savings account with bonus for each month you deposit $10 without any withdrawals | |||
 | Max rate5.25% | Rate conditionswith bonus conditions | Interest earnings$538 | A savings account that rewards you for growing your balance | |||
 | Max rate5.25% | Rate conditionswith bonus conditions | Interest earnings$538 | A savings account which helps you reach your financial goals faster by rewarding you with bonus interest when you deposit at least $100 and make no withdrawals each month. | |||
 | Max rate5.25% | Rate conditionsNo special conditions | Interest earnings$538 | A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking. | |||
 | Max rate5.25% | Rate conditionswhen you deposit $100+ monthly with no withdrawals | Interest earnings$538 | Boost your savings when you make no withdrawals in a calendar month. Start building a strong financial future with no minimum deposit. | |||
| Max rate5.25% | Rate conditionswith bonus conditions | Interest earnings$538 | For under-30s | The under 25's savings account for teens, students and young adults with a nice bonus for regular saving. | ||
 | Max rate5.25% | Rate conditionsNo special conditions | Interest earnings$538 | For under-18s | An everyday savings account for those aged 12-17 years with growing financial independence in mind. | ||
| Max rate5.25% | Rate conditionsNo special conditions | Interest earnings$538 | For under-18s | Defence Bank Kids Club savings account is the way to go for those aged 0-11 years. | ||
| Max rate5.25% | Rate conditionsNo special conditions | Interest earnings$538 | For under-18s | Created especially for young cadets aged 12 to 17 years, our Cadet Saver account will have you and your savings looking good. | ||
| Max rate5.25% | Rate conditionswhen you grow your balance $100+ monthly | Interest earnings$538 | Get an ANZ Plus Growth Saver account to help smash your savings goals | |||
 | Max rate5.25% | Rate conditionswith bonus conditions | Interest earnings$538 | Enjoy bonus interest when you deposit $20 or more in to your Bonus Saver Account and make 5 or more eligible VISA Debit card transactions from your linked account each month. Take your money out as… | |||
 | Max rate5.25% | Rate conditionswith bonus conditions | Interest earnings$538 | A higher interest savings account that rewards you with Bonus Interest for regular savings. | |||
 | Max rate5.25% | Rate conditionsNo special conditions | Interest earnings$538 | Make savings simple with a BOS Saver Account. Earn interest on your balance without the complicated conditions or ongoing deposit requirements. | |||
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.