4 live products
ANZ
Best available rate
4.50%p.a.
Growth Saver
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.10%
Bonus
4.40%
Conditions
Bonus rules apply
Finding the best rates…
Savings Accounts Comparison
Bank One
ANZ
Best available
Up to 4.50% p.a.
Line-up
4 live products
VS
ANZ vs Australian Mutual Bank
Compare ANZ and Australian Mutual Bank savings accounts side by side. In March 2026, ANZ offers 4 accounts with rates up to 4.50% p.a., while Australian Mutual Bank has 1 account reaching 5.00% p.a. Australian Mutual Bank currently leads by 0.50%.
VS
1 live product
Australian Mutual Bank
Best available rate
5.00%p.a.
Young Saver Account
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
5.00%
Bonus
0.00%
Conditions
No monthly hoops
Live edge
Australian Mutual Bank leads on headline savings rate by 0.50% p.a. right now. Use the feature table below to see whether that edge comes with extra conditions.
0.50% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | ANZ | Australian Mutual Bank |
|---|---|---|
| Max rate | 4.50% | 5.00% |
| Base rate | 0.10% | 5.00% |
| Bonus rate | 4.40% | 0.00% |
| Has conditions | Yes | No |
All ANZ Products
Every tracked savings accounts option from ANZ.
All Australian Mutual Bank Products
Every tracked savings accounts option from Australian Mutual Bank.
In March 2026, ANZ's Growth Saver offers up to 4.50% p.a. (0.10% base + 4.40% bonus), while Australian Mutual Bank's Young Saver Account reaches 5.00% p.a.. Australian Mutual Bank currently leads by 0.50% p.a.
Australian Mutual Bank offers its top rate unconditionally, while ANZ requires monthly conditions. Australian Mutual Bank's rate applies on balances up to $5,000.
ANZ has 4 savings products and Australian Mutual Bank has 1, giving you a range of options to compare.
Quick Comparison
| Feature | ANZ | Australian Mutual Bank |
|---|---|---|
| Max Rate | 4.50% | 5.00% |
| Base Rate | 0.10% | 5.00% |
| Bonus Rate | 4.40% | 0.00% |
| Conditions Required |
Common Questions
ANZ vs Australian Mutual Bank FAQs
Which bank has the better savings rate, ANZ or Australian Mutual Bank?
Australian Mutual Bank currently offers the higher rate at 5.00% p.a., compared to 4.50% p.a. Rates are sourced from live data and change frequently.
What is ANZ's best savings account rate in 2026?
ANZ's best savings rate is 4.50% p.a. on the Growth Saver, consisting of a 0.10% base rate and 4.40% bonus rate. This rate requires meeting monthly bonus conditions.
What is Australian Mutual Bank's best savings account rate in 2026?
Australian Mutual Bank's best savings rate is 5.00% p.a. on the Young Saver Account.
Do ANZ and Australian Mutual Bank savings accounts have conditions?
Australian Mutual Bank's top rate has no ongoing conditions, while ANZ requires meeting bonus conditions each month to earn the full advertised rate.