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 rate4.20% | Rate conditionsNo special conditions | Interest earnings$428 | ||||
 | Max rate4.20% | Rate conditionswith bonus conditions | Interest earnings$428 | For under-18s | A savings account for under-18s that offers bonus interest for regular savers | ||
 | Max rate4.20% | Rate conditionswhen you make no withdrawals | Interest earnings$428 | Savings account for customers under 14yrs. Bonus Interest paid on balance up to $50k subject to no withdrawals made. | |||
| Max rate4.20% | Rate conditionswhen you grow your balance $100+ monthly | Interest earnings$428 | Star Saver savings account | |||
 | Max rate4.15% | Rate conditionsNo special conditions | Interest earnings$423 | For under-18s | The Star Saver account is designed for our youngest members, encouraging savings with a Star Saver Savings Tracker Poster and no Monthly Account Service Fee. | ||
 | Max rate4.15% | Rate conditionswith bonus conditions | Interest earnings$423 | Your everyday Virgin Money Go Account comes perfectly bundled with a Boost Saver - our highest interest earning savings account - to help you smash your goals sooner. | |||
 | Max rate4.05% | Rate conditionsNo special conditions | Interest earnings$413 | Savings Account | |||
 | Max rate4.00% | Rate conditionsNo special conditions | Interest earnings$407 | An online savings account that allows you to move money in and out via internet banking or the mobile app and that pays interest every month on balances, regardless of how you save. | |||
| Max rate4.00% | Rate conditionsNo special conditions | Interest earnings$407 | For under-18s | |||
 | Max rate4.00% | Rate conditionswith bonus conditions | Interest earnings$407 | Reach your savings goals faster with bonus interest rate by making a minimum deposit of $200 and no withdrawals during the month | |||
 | Max rate4.00% | Rate conditionswhen you deposit monthly with no withdrawals | Interest earnings$407 | A savings account that pays a competitive interest rate when at least one deposit and no withdrawals are made in the calendar month. | |||
 | Max rate3.99% | Rate conditionswhen you deposit $10+ monthly with no withdrawals | Interest earnings$406 | Savings account with bonus interest if you meet the eligibility criteria. | |||
 | Max rate3.99% | Rate conditionswhen you deposit $200+ monthly with no withdrawals | Interest earnings$406 | The Family First Bonus Saver is a transaction account that offers higher interest rate and funds available at call, while supporting worthwhile community groups. With a minimum deposit of $200 a… | |||
 | Max rate3.90% | Rate conditionsfor 6 months, then 1.25% | Interest earnings$397 | A savings account that offers a great interest rate with access to funds through a linked account via Internet and Phone Banking. | |||
 | Max rate3.90% | Rate conditionsfor 6 months, then 1.25% | Interest earnings$397 | A savings account that offers a great interest rate with access to funds through a linked account via Internet and Phone Banking. | |||
 | Max rate3.90% | Rate conditionsfor 6 months, then 1.25% | Interest earnings$397 | A savings account that offers a great interest rate with access to funds through a linked account via Internet and Phone Banking. | |||
 | Max rate3.90% | Rate conditionswhen you deposit monthly with no withdrawals | Interest earnings$397 | The perfect account for savers looking for a competitive tiered interest rate. Enjoy bonus interest if no withdrawals are made and a minimum $1 deposit/month. No monthly account keeping fees. | |||
 | Max rate3.80% | Rate conditionsNo special conditions | Interest earnings$387 | Earn an attractive interest rate no matter how much you save or how much you transact. | |||
| Max rate3.80% | Rate conditionsNo special conditions | Interest earnings$387 | For under-18s | Designed for kids under 12. Fun and rewarding way to introduce them to saving. | ||
 | Max rate3.80% | Rate conditionsfor 5 months, then 1.25% | Interest earnings$387 | Westpac eSaver makes saving a breeze. You?ll get an introductory interest rate and online access to your money whenever you need it. | |||
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.