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 rate3.74% | Rate conditionswhen you deposit monthly with no withdrawals | Interest earnings$380 | Earn a great bonus rate each month if you make a deposit of any amount and no withdrawals with our Bonus Savings Account. It doesn’t matter if you deposit $1 or $1,000 each month, either way you can… | |||
 | Max rate3.65% | Rate conditionsNo special conditions | Interest earnings$371 | Everyday account for over 40s. Enjoy a competitive tiered interest rate on an everyday account for payroll and general access. Card and digital payment options. No monthly account keeping fee. | |||
 | Max rate3.65% | Rate conditionswith bonus conditions | Interest earnings$371 | Access your savings whenever you need them, without affecting your interest rate. | |||
 | Max rate3.60% | Rate conditionswith bonus conditions | Interest earnings$366 | Up Savers are free to use and pay up to 5.60% p.a. interest per month. Create up to 50 Savers that include features to support money management, like Pay Splitting and scheduled transfers. | |||
 | Max rate3.55% | Rate conditionsNo special conditions | Interest earnings$361 | For under-18s | It's never too early to learn the value of money. And a Way Cool Saver is a great way to get started. Teach your kids to save more and spend less of their pocket money - handy skills to have down the… | ||
 | Max rate3.55% | Rate conditionswith bonus conditions | Interest earnings$361 | For under-18s | The trick to saving is to start early. With a Westpac Bump kids savings account, get the money-growing habits you need. | ||
 | Max rate3.50% | Rate conditionsNo special conditions | Interest earnings$356 | For under-18s | An account for members aged under 18 to kick start their savings with the help of a parent or guardian. Account holders 12+ are eligible for debit card access - all balances earn competitive interest | ||
 | Max rate3.50% | Rate conditionswhen you deposit monthly with no withdrawals | Interest earnings$356 | For under-18s | A savings account for children | ||
 | Max rate3.50% | Rate conditionswith bonus conditions | Interest earnings$356 | ||||
 | Max rate3.50% | Rate conditionsNo special conditions | Interest earnings$356 | For under-18s | |||
 | Max rate3.45% | Rate conditionswhen you deposit $20+ monthly with no withdrawals | Interest earnings$351 | For under-30s | Kick Start your savings with the IMB Reward Saver Kick Start Account. Designed for teens and young adults under 30. | ||
| Max rate3.45% | Rate conditionswhen you deposit $50+ monthly with no withdrawals | Interest earnings$351 | Helps you reach your savings goals faster by rewarding you with bonus interest for regular savings | |||
 | Max rate3.40% | Rate conditionsNo special conditions | Interest earnings$345 | Everyday account tailored for Seniors. | |||
| Max rate3.40% | Rate conditionsNo special conditions | Interest earnings$345 | Give your savings a boost with Purpose Saver savings account which offers flexibility and easy access to your money. | |||
| Max rate3.30% | Rate conditionswhen you deposit monthly with no withdrawals | Interest earnings$335 | A savings account that pays bonus interest when a deposit and no withdrawals are made during the month | |||
| Max rate3.30% | Rate conditionswith bonus conditions | Interest earnings$335 | For under-30s | The ideal savings account for young workers. Enjoy a base interest rate and a bonus interest rate when you deposit $1,500/month. Package with the Smart Start Access account for everyday use. | ||
 | Max rate3.25% | Rate conditionsNo special conditions | Interest earnings$330 | For under-18s | A savings account suitable for children aged 0 to 12. | ||
 | Max rate3.25% | Rate conditionswith bonus conditions | Interest earnings$330 | ||||
 | Max rate3.25% | Rate conditionsNo special conditions | Interest earnings$330 | For under-30s | SMART START ACCESS SAV | ||
 | Max rate3.25% | Rate conditionsNo special conditions | Interest earnings$330 | An online savings 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.