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 rate2.90% | Rate conditionsNo special conditions | Interest earnings$294 | ||||
 | Max rate2.75% | Rate conditionsNo special conditions | Interest earnings$278 | An online only savings account attached to your transaction account | |||
 | Max rate2.75% | Rate conditionsNo special conditions | Interest earnings$278 | The Family e-Saver Account is a high-end online investment account that offers both a higher interest rate and funds available at call – a different kind of banking! | |||
 | Max rate2.70% | Rate conditionsNo special conditions | Interest earnings$273 | For under-18s | Exclusive account for children 12 and under | ||
 | Max rate2.60% | Rate conditionsNo special conditions | Interest earnings$263 | ||||
 | Max rate2.55% | Rate conditionsNo special conditions | Interest earnings$258 | Now You Can Have Your Money Earning Interest Without Being Tied Up. It's Your Money And You Can Access It Whenever You Like. | |||
 | Max rate2.50% | Rate conditionsNo special conditions | Interest earnings$253 | An account designed for pensioners and retirees. | |||
 | Max rate2.50% | Rate conditionsNo special conditions | Interest earnings$253 | Our Retirement Plus account specially designed for retirees with a flat rate of interest which provides security and peace of mind while your savings grow. | |||
 | Max rate2.35% | Rate conditionsNo special conditions | Interest earnings$238 | ||||
 | Max rate2.25% | Rate conditionsNo special conditions | Interest earnings$227 | An online savings account | |||
 | Max rate2.25% | Rate conditionsNo special conditions | Interest earnings$227 | A savings account which allows unlimited withdrawals between 1 November - 31 January and pays interest on the money you deposit during the year. | |||
 | Max rate2.25% | Rate conditionsNo special conditions | Interest earnings$227 | ||||
 | Max rate2.25% | Rate conditionsNo special conditions | Interest earnings$227 | For under-18s | |||
 | Max rate2.25% | Rate conditionsNo special conditions | Interest earnings$227 | ||||
 | Max rate2.15% | Rate conditionsNo special conditions | Interest earnings$217 | Limited online access only for extra interest. No monthly account keeping fee. | |||
 | Max rate2.15% | Rate conditionsNo special conditions | Interest earnings$217 | With high interest calculated on your daily balance, and paid monthly, this is the best account for members who want to maximise the interest on their savings. | |||
| Max rate2.10% | Rate conditionsNo special conditions | Interest earnings$212 | ||||
 | Max rate2.00% | Rate conditionsNo special conditions | Interest earnings$202 | Up’s Essentials account lets you save and pay for your upcoming bills while earning up to 2.00% p.a. interest. | |||
 | Max rate2.00% | Rate conditionsNo special conditions | Interest earnings$202 | For under-30s | We know that starting out financially can be a challenge. That’s why we’ve introduced our Recruit Salary Saver Account exclusively for new Defence Force Recruits. It’s a simple everyday transaction… | ||
| Max rate2.00% | Rate conditionsNo special conditions | Interest earnings$202 | An account to help you save for Christmas | |||
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.