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 rate3.25% | Rate conditionsNo special conditions | Interest earnings$330 | Earn a boosted introductory interest rate for the first 3 months when you open up our Savings Account. | |||
 | Max rate3.25% | Rate conditionswith bonus conditions | Interest earnings$330 | ||||
 | Max rate3.20% | Rate conditionsfor 5 months, then 2.30% | Interest earnings$325 | An online savings account with the flexibility to move money in and out of your linked CommBank transaction account using NetBank or the CommBank app. | |||
 | Max rate3.20% | Rate conditionsNo special conditions | Interest earnings$325 | Manage your savings online with our high interest savings account. | |||
 | Max rate3.15% | Rate conditionsfor 2 months | Interest earnings$320 | Enjoy the freedom of online banking to save at a higher rate of return even if you spend. | |||
 | Max rate3.15% | Rate conditionswith bonus conditions | Interest earnings$320 | A variable savings account offering bonus interest for eligible customers | |||
 | Max rate3.10% | Rate conditionsNo special conditions | Interest earnings$314 | For under-18s | An online savings account for teens | ||
 | Max rate3.10% | Rate conditionsNo special conditions | Interest earnings$314 | For under-18s | Cairns Bank's Kids Saver is a children's savings account to encourage children to develop good savings habits | ||
 | Max rate3.10% | Rate conditionsNo special conditions | Interest earnings$314 | ||||
 | Max rate3.00% | Rate conditionsNo special conditions | Interest earnings$304 | Designed for those happy to manage their own savings online but wanting the freedom to access funds at any time. | |||
 | Max rate3.00% | Rate conditionswith bonus conditions | Interest earnings$304 | For under-18s | An everyday account for children aged 0-12 years. The Super Saver account is a great start to teach your child the value of money and instil good savings habits from an early age. | ||
| Max rate3.00% | Rate conditionswith bonus conditions | Interest earnings$304 | For under-18s | High interest savings account for youths aged 13-17 years. Earn an interest reward when a total of $10 or more is deposited and no withdrawals are made in each calendar month | ||
 | Max rate3.00% | Rate conditionsNo special conditions | Interest earnings$304 | For under-18s | The Super Youth Saver is the perfect savings account for young people aged 12-17! With no account fees and an attractive interest rate, this account can help you reach your savings goals sooner. | ||
 | Max rate3.00% | Rate conditionswith bonus conditions | Interest earnings$304 | If you don't need an everyday bank account, but you're after the benefit of a dedicated high interest savings account, a Grow Saver has your name all over it. | |||
| Max rate3.00% | Rate conditionsNo special conditions | Interest earnings$304 | ||||
 | Max rate3.00% | Rate conditionsNo special conditions | Interest earnings$304 | For under-18s | |||
| Max rate2.95% | Rate conditionswith bonus conditions | Interest earnings$299 | For under-18s | Designed to help teach saving skills to under 18s, our Youthsaver account offers bonus interest for reaching saving goals. | ||
 | Max rate2.95% | Rate conditionsNo special conditions | Interest earnings$299 | The monEsaver is an online savings account with no account keeping fees. Earn interest with no minimum deposit requirements or withdrawal penalties for internet banking, phone banking and mobile… | |||
 | Max rate2.90% | Rate conditionsNo special conditions | Interest earnings$294 | ||||
| Max rate2.90% | Rate conditionsNo special conditions | Interest earnings$294 | ||||
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.