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 Westpac
Compare ANZ and Westpac savings accounts side by side. In March 2026, ANZ offers 4 accounts with rates up to 4.50% p.a., while Westpac has 4 accounts reaching 5.25% p.a. Westpac currently leads by 0.75%.
VS
4 live products
Westpac
Best available rate
5.25%p.a.
Westpac Life (Under 35)
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.10%
Bonus
5.15%
Conditions
Bonus rules apply
Live edge
Westpac leads on headline savings rate by 0.75% p.a. right now. Use the feature table below to see whether that edge comes with extra conditions.
0.75% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | ANZ | Westpac |
|---|---|---|
| Max rate | 4.50% | 5.25% |
| Base rate | 0.10% | 0.10% |
| Bonus rate | 4.40% | 5.15% |
| Has conditions | Yes | Yes |
All ANZ Products
Every tracked savings accounts option from ANZ.
All Westpac Products
Every tracked savings accounts option from Westpac.
In March 2026, ANZ's Growth Saver offers up to 4.50% p.a. (0.10% base + 4.40% bonus), while Westpac's Westpac Life (Under 35) reaches 5.25% p.a. (0.10% base + 5.15% bonus). Westpac currently leads by 0.75% p.a.
Westpac's rate applies on balances up to $30,000.
ANZ has 4 savings products and Westpac has 4, giving you a range of options to compare.
Quick Comparison
| Feature | ANZ | Westpac |
|---|---|---|
| Max Rate | 4.50% | 5.25% |
| Base Rate | 0.10% | 0.10% |
| Bonus Rate | 4.40% | 5.15% |
| Conditions Required | Yes |
Common Questions
ANZ vs Westpac FAQs
Which bank has the better savings rate, ANZ or Westpac?
Westpac currently offers the higher rate at 5.25% 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 Westpac's best savings account rate in 2026?
Westpac's best savings rate is 5.25% p.a. on the Westpac Life (Under 35), consisting of a 0.10% base rate and 5.15% bonus rate. This rate requires meeting monthly bonus conditions.
Do ANZ and Westpac savings accounts have conditions?
Both ANZ and Westpac require meeting monthly conditions to earn their full bonus rates.