2 live products
Bank Australia
Best available rate
Bonus Saver
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.10%
Bonus
4.50%
Conditions
Bonus rules apply
Finding the best rates…
Bank One
Best available
Up to 4.60% p.a.
Line-up
2 live products
Compare Bank Australia and Westpac savings accounts side by side. In March 2026, Bank Australia offers 2 accounts with rates up to 4.60% p.a., while Westpac has 4 accounts reaching 5.25% p.a. Westpac currently leads by 0.65%.
2 live products
Best available rate
Bonus Saver
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.10%
Bonus
4.50%
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 0.65% 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 | Bank Australia | Westpac |
|---|---|---|
| Max rate | 4.60% | 5.25% |
| Base rate | 0.10% | 0.10% |
| Bonus rate | 4.50% | 5.15% |
| Has conditions | Yes | Yes |
Every tracked savings accounts option from Bank Australia.
Every tracked savings accounts option from Westpac.
In March 2026, Bank Australia's Bonus Saver offers up to 4.60% p.a. (0.10% base + 4.50% bonus), while Westpac's Westpac Life (Under 35) reaches 5.25% p.a. (0.10% base + 5.15% bonus). Westpac currently leads by 0.65% p.a.
Westpac's rate applies on balances up to $30,000.
Bank Australia has 2 savings products and Westpac has 4, giving you a range of options to compare.
| Feature | Bank Australia | Westpac |
|---|---|---|
| Max Rate | 4.60% | 5.25% |
| Base Rate | 0.10% | 0.10% |
| Bonus Rate | 4.50% | 5.15% |
| Conditions Required | Yes |
Common Questions
Westpac currently offers the higher rate at 5.25% p.a., compared to 4.60% p.a. Rates are sourced from live data and change frequently.
Bank Australia's best savings rate is 4.60% p.a. on the Bonus Saver, consisting of a 0.10% base rate and 4.50% 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 Bank Australia 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 | $100,000 | $30,000 |
Westpac currently offers a 0.65% higher savings rate.
Based on current rates, Westpac pays approximately $325 more in interest per year on a $50,000 balance. This is based on the headline rate difference of 0.65% p.a.
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