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 rate4.55% | Rate conditionsNo special conditions | Interest earnings$465 | Our MySavings account offers you the freedom of no minimum balance, no account keeping or transaction fees and no minimum monthly deposit requirements. | |||
 | Max rate4.54% | Rate conditionswith bonus conditions | Interest earnings$464 | Advantage Saver account is a savings account for those dedicated to a regular savings plan. A bonus rate is available in months where there are no withdrawals and a deposit of at least $20. | |||
 | Max rate4.50% | Rate conditionswhen you deposit $100+ monthly with no withdrawals | Interest earnings$459 | Save for a holiday, car or even a deposit for a new home! Summerland's Bonus Saver account is designed to help you reach your savings goals. Deposit $100 per calendar month & make no withdrawals to… | |||
 | Max rate4.50% | Rate conditionsNo special conditions | Interest earnings$459 | Saving has never been more rewarding. Earn more than just interest, plus get a complimentary Qantas Frequent Flyer membership*. | |||
 | Max rate4.50% | Rate conditionswith bonus conditions | Interest earnings$459 | ||||
 | Max rate4.50% | Rate conditionswhen you deposit $100+ monthly with no withdrawals | Interest earnings$459 | Earn bonus interest on your savings if you deposit a minimum of $100 each month, make no withdrawals or transfers in the month, and do not close the account during the month. | |||
 | Max rate4.50% | Rate conditionsNo special conditions | Interest earnings$459 | Alex gets you a fee free, high yield savings account. | |||
 | Max rate4.40% | Rate conditionswith bonus conditions | Interest earnings$449 | For under-18s | Actively rewards our youngest members with a bonus interest rate, once the minimum $5 monthly deposit is made and no more than one withdrawal in the same month | ||
| Max rate4.40% | Rate conditionswith bonus conditions | Interest earnings$449 | For under-30s | Encouraging savings for our Students and Apprentices with a bonus interest rate once the minimum $5 monthly deposit is made and no more than one withdrawal in the same month | ||
| Max rate4.40% | Rate conditionswhen you deposit $20+ monthly with no withdrawals | Interest earnings$449 | An account which rewards the dedicated saver | |||
 | Max rate4.35% | Rate conditionsNo special conditions | Interest earnings$444 | Earn interest with this everyday transaction account | |||
 | Max rate4.35% | Rate conditionsNo special conditions | Interest earnings$444 | For under-30s | Savings account for young savers aged up to 19 years. Enjoy a competitive interest rate for all balances up to $25,000. No withdrawal penalties or minimum deposits required. Funds available at call. | ||
 | Max rate4.30% | Rate conditionswith bonus conditions | Interest earnings$439 | A savings account that earns you bonus interest when you make at least one deposit of $50 each month, maintain a credit balance and make no withdrawals. | |||
 | Max rate4.30% | Rate conditionsNo special conditions | Interest earnings$439 | The Community Reward Account is a flexible savings account with a competitive interest rate. A percentage of the annual average balances will be donated to a nominated registered charity or community… | |||
 | Max rate4.25% | Rate conditionsNo special conditions | Interest earnings$433 | Conditional savings account | |||
 | Max rate4.25% | Rate conditionsNo special conditions | Interest earnings$433 | Online savings account | |||
 | Max rate4.25% | Rate conditionswith bonus conditions | Interest earnings$433 | For under-30s | |||
| Max rate4.25% | Rate conditionswith bonus conditions | Interest earnings$433 | For under-18s | |||
 | Max rate4.24% | Rate conditionswhen you deposit monthly with no withdrawals | Interest earnings$432 | For under-30s | Help your child establish good saving habits with a Heritage Kids Bank Account. | ||
| Max rate4.24% | Rate conditionswhen you deposit monthly with no withdrawals | Interest earnings$432 | Earn bonus interest when you make regular desposits and no withdrawals with a Heritage Target Bonus Account | |||
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.