4 live products
ANZ
Best available rate
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…
Bank One
Best available
Up to 4.50% p.a.
Line-up
4 live products
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%.
4 live products
Best available rate
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
4 live products
Best available rate
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.
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 |
Every tracked savings accounts option from ANZ.
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.
| 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
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.
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.
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.
Both ANZ and Westpac require meeting monthly conditions to earn their full bonus rates.
Bank Two
Best available
Up to 5.25% p.a.
Line-up
4 live products
| Yes |
| Balance Cap | $1,000,000,000 | $30,000 |
Westpac currently offers a 0.75% higher savings rate.
Based on current rates, Westpac pays approximately $375 more in interest per year on a $50,000 balance. This is based on the headline rate difference of 0.75% p.a.
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