Finding the best rates…
High Interest Savings Accounts - Up to 5.40%
Australia's Top Savings Rates, Compared Live.
100% Australian data. Always free to use.
Methodology: data is refreshed from tracked provider records and editorial comparison rules. Read how RatePilot reviews rates.
Financial Institution
Total Rate
Base
Bonus
Intro
1st Year
Total interest earned in the first 12 months, accounting for introductory rates.
Effective Rate
The effective annual rate applied to your specific balance after any introductory period ends. It accounts for blended rates if your balance exceeds specific tiered caps.
Action
ING
Savings Accelerator
No ConditionsIntro Rate
Total Rate
5.40%
Headline
Base
4.35%
Base
Bonus
-
Tiered
Intro
+1.05%
4 months
4 months
Est. 1st Year Return
+$285
Est. Return
Effective
2.50%
Effective
Rabobank
High Interest Savings Account
No ConditionsIntro Rate
Total Rate
5.35%
Headline
Base
3.70%
Base
Bonus
-
Tiered
Intro
+1.65%
4 months
4 months
Est. 1st Year Return
+$425
Est. Return
Effective
3.70%
Effective
UBank
Save Account
ConditionsIntro Rate
Total Rate
5.35%
Headline
Base
0.00%
Base
Bonus
+4.60%
Conditions
Intro
+0.75%
4 months
4 months
Est. 1st Year Return
+$485
Est. Return
Effective
4.60%
Effective
Westpac
Westpac Life (Under 35)
18-34 YRSConditions
Total Rate
5.25%
Headline
Base
0.10%
Base
Bonus
+5.15%
Conditions
Intro
-
Est. 1st Year Return
+$525
Est. Return
Effective
5.25%
Effective
Newcastle Permanent
Smart Saver Account (Under 25)
UNDER 25 YRSConditions
Total Rate
5.25%
Headline
Base
0.05%
Base
Bonus
+5.20%
Conditions
Intro
-
Est. 1st Year Return
+$525
Est. Return
Effective
5.25%
Effective
Bankwest
Bankwest Easy Saver
No ConditionsIntro Rate
Total Rate
5.20%
Headline
Base
4.25%
Base
Bonus
-
Tiered
Intro
+0.95%
4 months
4 months
Est. 1st Year Return
+$457
Est. Return
Effective
4.25%
Effective
MOVE Bank
Growth Saver
Conditions
Total Rate
5.15%
Headline
Base
0.10%
Base
Bonus
+5.05%
Conditions
Intro
-
Est. 1st Year Return
+$515
Est. Return
Effective
5.15%
Effective
Bank of Queensland
Future Saver Account
14-35 YRSConditions
Total Rate
5.10%
Headline
Base
0.05%
Base
Bonus
+5.05%
Conditions
Intro
-
Est. 1st Year Return
+$510
Est. Return
Effective
5.10%
Effective
Judo Bank
Personal Savings Account
Conditions
Total Rate
5.10%
Headline
Base
0.05%
Base
Bonus
+5.05%
Conditions
Intro
-
Est. 1st Year Return
+$510
Est. Return
Effective
5.10%
Effective
IMB Bank
Reward Saver Kick Start
13-17 YRSConditions
Total Rate
5.00%
Headline
Base
0.00%
Base
Bonus
+5.00%
Conditions
Intro
-
Est. 1st Year Return
+$500
Est. Return
Effective
5.00%
Effective
Australian Mutual Bank
Young Saver Account
UNDER 18 YRSNo Conditions
Total Rate
5.00%
Headline
Base
5.00%
Base
Bonus
-
Tiered
Intro
-
Est. 1st Year Return
+$358
Est. Return
Effective
3.58%
Effective
ING
Savings Maximiser
ConditionsReferral
Total Rate
5.00%
Headline
Base
0.01%
Base
Bonus
+4.99%
Conditions
Intro
-
Est. 1st Year Return
+$500
Est. Return
Effective
5.00%
Effective
Great Southern Bank
Youth Esaver
UNDER 18 YRSNo Conditions
Total Rate
5.00%
Headline
Base
5.00%
Base
Bonus
-
Tiered
Intro
-
Est. 1st Year Return
+$300
Est. Return
Effective
3.00%
Effective
Great Southern Bank
Youth eSaver (Under 18)
UNDER 18 YRSNo Conditions
Total Rate
5.00%
Headline
Base
5.00%
Base
Bonus
-
Tiered
Intro
-
Est. 1st Year Return
+$300
Est. Return
Effective
3.00%
Effective
Rabobank
Premiumsaver
Conditions
Total Rate
4.90%
Headline
Base
0.60%
Base
Bonus
+4.30%
Conditions
Intro
-
Est. 1st Year Return
+$490
Est. Return
Effective
4.90%
Effective
Bank of Queensland
Smart Saver (36-99yrs)
36-99 YRSConditions
Total Rate
4.85%
Headline
Base
0.05%
Base
Bonus
+4.80%
Conditions
Intro
-
Est. 1st Year Return
+$485
Est. Return
Effective
4.85%
Effective
St. George
Maxi Saver
No ConditionsIntro Rate
Total Rate
4.85%
Headline
Base
1.00%
Base
Bonus
-
Intro
+3.85%
6 months
6 months
Est. 1st Year Return
+$293
Est. Return
Effective
1.00%
Effective
Credit Union SA
NetSave Account
No ConditionsIntro Rate
Total Rate
4.85%
Headline
Base
1.00%
Base
Bonus
-
Tiered
Intro
+3.85%
4 months
4 months
Est. 1st Year Return
+$228
Est. Return
Effective
1.00%
Effective
Up
Up Saver
Conditions
Total Rate
4.85%
Headline
Base
0.00%
Base
Bonus
+4.85%
Conditions
Intro
-
Est. 1st Year Return
+$485
Est. Return
Effective
4.85%
Effective
Bank of Melbourne
Maxi Saver
No ConditionsIntro Rate
Total Rate
4.85%
Headline
Base
1.00%
Base
Bonus
-
Intro
+3.85%
6 months
6 months
Est. 1st Year Return
+$293
Est. Return
Effective
1.00%
Effective
Macquarie
Macquarie Savings Account
No ConditionsIntro Rate
Total Rate
4.85%
Headline
Base
4.50%
Base
Bonus
-
Tiered
Intro
+0.35%
4 months
4 months
Est. 1st Year Return
+$462
Est. Return
Effective
4.50%
Effective
CommBank
NetBank Saver
No ConditionsIntro Rate
Total Rate
4.85%
Headline
Base
1.70%
Base
Bonus
-
Intro
+3.15%
5 months
5 months
Est. 1st Year Return
+$301
Est. Return
Effective
1.70%
Effective
Great Southern Bank
Goal Saver (18-24yrs)
18-24 YRSConditions
Total Rate
4.85%
Headline
Base
0.50%
Base
Bonus
+4.35%
Conditions
Intro
-
Est. 1st Year Return
+$485
Est. Return
Effective
4.85%
Effective
IMB Bank
Reward Saver
ConditionsIntro Rate
Total Rate
4.75%
Headline
Base
0.00%
Base
Bonus
+2.75%
Conditions
Intro
+2.00%
4 months
4 months
Est. 1st Year Return
+$342
Est. Return
Effective
2.75%
Effective
Bank of Queensland
Simple Saver Account
No ConditionsIntro Rate
Total Rate
4.75%
Headline
Base
4.30%
Base
Bonus
-
Tiered
Intro
+0.45%
4 months
4 months
Est. 1st Year Return
+$445
Est. Return
Effective
4.30%
Effective
P&N Bank
Savvy Saver
Conditions
Total Rate
4.75%
Headline
Base
0.20%
Base
Bonus
+4.55%
Conditions
Intro
-
Est. 1st Year Return
+$475
Est. Return
Effective
4.75%
Effective
Police Bank
U30 Super Charge
18-29 YRSNo Conditions
Total Rate
4.75%
Headline
Base
4.75%
Base
Bonus
-
Tiered
Intro
-
Est. 1st Year Return
+$475
Est. Return
Effective
4.75%
Effective
MOVE Bank
Bonus Saver
Conditions
Total Rate
4.75%
Headline
Base
0.10%
Base
Bonus
+4.65%
Conditions
Intro
-
Est. 1st Year Return
+$475
Est. Return
Effective
4.75%
Effective
ME Bank
Homeme
Conditions
Total Rate
4.75%
Headline
Base
0.05%
Base
Bonus
+4.70%
Conditions
Intro
-
Est. 1st Year Return
+$475
Est. Return
Effective
4.75%
Effective
BCU Bank
Boss Saver
Conditions
Total Rate
4.75%
Headline
Base
0.20%
Base
Bonus
+4.55%
Conditions
Intro
-
Est. 1st Year Return
+$475
Est. Return
Effective
4.75%
Effective
Great Southern Bank
Home Saver
Conditions
Total Rate
4.75%
Headline
Base
0.50%
Base
Bonus
+4.25%
Conditions
Intro
-
Est. 1st Year Return
+$475
Est. Return
Effective
4.75%
Effective
Teachers Mutual Bank
Starter Saver (Under 30s / Students)
UNDER 30 YRSNo Conditions
Total Rate
4.75%
Headline
Base
4.75%
Base
Bonus
-
Tiered
Intro
-
Est. 1st Year Return
+$475
Est. Return
Effective
4.75%
Effective
RACQ Bank
Bonus Saver
Conditions
Total Rate
4.75%
Headline
Base
0.01%
Base
Bonus
+4.74%
Conditions
Intro
-
Est. 1st Year Return
+$475
Est. Return
Effective
4.75%
Effective
Westpac
eSaver
No ConditionsIntro Rate
Total Rate
4.70%
Headline
Base
1.00%
Base
Bonus
-
Intro
+3.70%
5 months
5 months
Est. 1st Year Return
+$254
Est. Return
Effective
1.00%
Effective
NAB
iSaver
No ConditionsIntro Rate
Total Rate
4.70%
Headline
Base
1.40%
Base
Bonus
-
Tiered
Intro
+3.30%
4 months
4 months
Est. 1st Year Return
+$250
Est. Return
Effective
1.40%
Effective
Defence Bank
Max eSaver
Conditions
Total Rate
4.65%
Headline
Base
0.10%
Base
Bonus
+4.55%
Conditions
Intro
-
Est. 1st Year Return
+$465
Est. Return
Effective
4.65%
Effective
Southern Cross Credit Union
Star Saver
Conditions
Total Rate
4.65%
Headline
Base
0.90%
Base
Bonus
+3.75%
Conditions
Intro
-
Est. 1st Year Return
+$465
Est. Return
Effective
4.65%
Effective
BankSA
Incentive Saver
Conditions
Total Rate
4.65%
Headline
Base
0.10%
Base
Bonus
+4.55%
Conditions
Intro
-
Est. 1st Year Return
+$465
Est. Return
Effective
4.65%
Effective
HSBC
Everyday Savings (Intro)
No ConditionsIntro Rate
Total Rate
4.65%
Headline
Base
2.50%
Base
Bonus
-
Tiered
Intro
+2.15%
3 months
3 months
Est. 1st Year Return
+$304
Est. Return
Effective
2.50%
Effective
Bank of Melbourne
Incentive Saver
Conditions
Total Rate
4.65%
Headline
Base
0.10%
Base
Bonus
+4.55%
Conditions
Intro
-
Est. 1st Year Return
+$465
Est. Return
Effective
4.65%
Effective
AMP
Amp Bank Go Save
No Conditions
Total Rate
4.60%
Headline
Base
4.60%
Base
Bonus
-
Tiered
Intro
-
Est. 1st Year Return
+$460
Est. Return
Effective
4.60%
Effective
Bank Australia
mySaver (Under 25s)
UNDER 25 YRSConditions
Total Rate
4.60%
Headline
Base
0.10%
Base
Bonus
+4.50%
Conditions
Intro
-
Est. 1st Year Return
+$460
Est. Return
Effective
4.60%
Effective
Bank Australia
Bonus Saver
Conditions
Total Rate
4.60%
Headline
Base
0.10%
Base
Bonus
+4.50%
Conditions
Intro
-
Est. 1st Year Return
+$460
Est. Return
Effective
4.60%
Effective
Arab Bank
Personal Online Savings Account
No Conditions
Total Rate
4.55%
Headline
Base
4.55%
Base
Bonus
-
Tiered
Intro
-
Est. 1st Year Return
+$300
Est. Return
Effective
3.00%
Effective
Westpac
Bump Savings (Under 18)
UNDER 18 YRSConditions
Total Rate
4.55%
Headline
Base
1.75%
Base
Bonus
+2.80%
Conditions
Intro
-
Est. 1st Year Return
+$455
Est. Return
Effective
4.55%
Effective
Suncorp
Growth Saver
Conditions
Total Rate
4.55%
Headline
Base
0.05%
Base
Bonus
+4.50%
Conditions
Intro
-
Est. 1st Year Return
+$455
Est. Return
Effective
4.55%
Effective
ANZ
Flex Saver
No Conditions
Total Rate
4.50%
Headline
Base
4.50%
Base
Bonus
-
Tiered
Intro
-
Est. 1st Year Return
+$300
Est. Return
Effective
3.00%
Effective
Westpac
Westpac Life
Conditions
Total Rate
4.50%
Headline
Base
0.10%
Base
Bonus
+4.40%
Conditions
Intro
-
Est. 1st Year Return
+$450
Est. Return
Effective
4.50%
Effective
MyState Bank
Bonus Saver
Conditions
Total Rate
4.50%
Headline
Base
0.05%
Base
Bonus
+4.45%
Conditions
Intro
-
Est. 1st Year Return
+$450
Est. Return
Effective
4.50%
Effective
People's Choice
Dream Fund
Conditions
Total Rate
4.50%
Headline
Base
0.01%
Base
Bonus
+4.49%
Conditions
Intro
-
Est. 1st Year Return
+$450
Est. Return
Effective
4.50%
Effective
Regional Australia Bank
Savings Booster
Conditions
Total Rate
4.50%
Headline
Base
0.00%
Base
Bonus
+4.50%
Conditions
Intro
-
Est. 1st Year Return
+$450
Est. Return
Effective
4.50%
Effective
CommBank
Goalsaver
Conditions
Total Rate
4.50%
Headline
Base
0.25%
Base
Bonus
+4.25%
Conditions
Intro
-
Est. 1st Year Return
+$450
Est. Return
Effective
4.50%
Effective
ANZ
Growth Saver
Conditions
Total Rate
4.50%
Headline
Base
0.10%
Base
Bonus
+4.40%
Conditions
Intro
-
Est. 1st Year Return
+$450
Est. Return
Effective
4.50%
Effective
NAB
Nab Reward Saver
Conditions
Total Rate
4.40%
Headline
Base
0.01%
Base
Bonus
+4.39%
Conditions
Intro
-
Est. 1st Year Return
+$440
Est. Return
Effective
4.40%
Effective
Australian Military Bank
Online Saver
Conditions
Total Rate
4.35%
Headline
Base
0.10%
Base
Bonus
+4.25%
Conditions
Intro
-
Est. 1st Year Return
+$435
Est. Return
Effective
4.35%
Effective
Easy Street
Bonus Saver Account
Conditions
Total Rate
4.35%
Headline
Base
0.01%
Base
Bonus
+4.34%
Conditions
Intro
-
Est. 1st Year Return
+$435
Est. Return
Effective
4.35%
Effective
Great Southern Bank
Future Saver (14-24yrs)
18-24 YRSConditions
Total Rate
4.35%
Headline
Base
0.10%
Base
Bonus
+4.25%
Conditions
Intro
-
Est. 1st Year Return
+$435
Est. Return
Effective
4.35%
Effective
Bank Orange
Online Saver Account
No Conditions
Total Rate
4.25%
Headline
Base
4.25%
Base
Bonus
-
Tiered
Intro
-
Est. 1st Year Return
+$383
Est. Return
Effective
3.83%
Effective
Heartland Bank
MySavings Account
No Conditions
Total Rate
4.25%
Headline
Base
4.25%
Base
Bonus
-
Tiered
Intro
-
Est. 1st Year Return
+$425
Est. Return
Effective
4.25%
Effective
Bendigo Bank
Reward Saver
Conditions
Total Rate
4.25%
Headline
Base
0.10%
Base
Bonus
+4.15%
Conditions
Intro
-
Est. 1st Year Return
+$425
Est. Return
Effective
4.25%
Effective
Bank of Sydney
BOS Saver
No Conditions
Total Rate
4.25%
Headline
Base
4.25%
Base
Bonus
-
Tiered
Intro
-
Est. 1st Year Return
+$425
Est. Return
Effective
4.25%
Effective
Heritage Bank
Online Saver
No ConditionsIntro Rate
Total Rate
4.10%
Headline
Base
2.70%
Base
Bonus
-
Tiered
Intro
+1.40%
4 months
4 months
Est. 1st Year Return
+$317
Est. Return
Effective
2.70%
Effective
Unity Bank
MoneyMAX Account
No Conditions
Total Rate
4.00%
Headline
Base
4.00%
Base
Bonus
-
Intro
-
Est. 1st Year Return
+$400
Est. Return
Effective
4.00%
Effective
Virgin Money
Boost Saver
Conditions
Total Rate
4.00%
Headline
Base
0.05%
Base
Bonus
+3.95%
Conditions
Intro
-
Est. 1st Year Return
+$400
Est. Return
Effective
4.00%
Effective
MOVE Bank
Online Saver
No Conditions
Total Rate
3.90%
Headline
Base
3.90%
Base
Bonus
-
Intro
-
Est. 1st Year Return
+$390
Est. Return
Effective
3.90%
Effective
ANZ
Progress Saver
Conditions
Total Rate
3.25%
Headline
Base
0.01%
Base
Bonus
+3.24%
Conditions
Intro
-
Est. 1st Year Return
+$325
Est. Return
Effective
3.25%
Effective
ANZ
Online Saver
No Conditions
Total Rate
0.85%
Headline
Base
0.85%
Base
Bonus
-
Intro
-
Est. 1st Year Return
+$85
Est. Return
Effective
0.85%
Effective
Savings Market Analysis - March 2026
As of March 2026, the Australian savings market remains highly competitive with 67 products tracked in our live database.
The current market leader is ING (Savings Accelerator), offering a headline rate of 5.40% p.a.
Pro tip: When comparing savings accounts, look beyond the headline rate. Consider the base rate (what you earn without meeting conditions), any balance caps, and whether introductory rates apply to your deposit amount.
Popular savings categories
Explore focused savings comparisons for specific account types and rate structures.
Common Questions
Savings Account FAQs
What is the highest savings account interest rate in Australia?
The highest savings account rate currently available is 5.40% p.a. Rates change frequently, so check our comparison table for the latest rates from all major banks.
How do I compare savings accounts?
Compare savings accounts by looking at the interest rate, bonus rate conditions, monthly fees, and minimum balance requirements. Consider whether you can meet the bonus conditions to earn the highest rate.
What is a bonus saver account?
A bonus saver account offers a higher interest rate when you meet certain conditions each month, such as depositing a minimum amount, making no withdrawals, or growing your balance.