High interest savings accounts in Australia

Name: Australian savings account rates
Creator: Nutshell Media Pty Ltd

47 accounts from 34 Australian banks, ranked on a $10,000 AUD balance by max rate, base rate or intro rate, with the steps each bank asks for. Read from each bank’s own Consumer Data Right feed on 8 Oct 2026.

The board Intro offers No conditions Every bank Term deposits

Savings accounts at a glance

Highest max rate5.75%RACQ Bank · 2 steps

Highest base rate5.25%Bank of Sydney · paid without the monthly steps

Highest intro rate6.10%UBank · first 4 months

Accounts ranked47from 34 banks · 9 checked against the bank’s own page

Savings accounts, ranked by max rate34 banks · 47 accounts · $10,000 balance · 8 Oct 2026

Rank by

The most the account pays in a normal month, if you meet every step the bank sets.

do oncedo every monthEach marker is one thing the bank asks for. Hover or tap it for the full condition.

Savings accounts open to any adult, $10,000 balance, read 8 Oct 2026. One account per bank is shown: the bank’s best for the ranking you pick.
#	Account	Base rate	Steps to the max rate	Max rate	Intro rate
1	RACQ BankBonus Saver Account	0.01%	Details for RACQ Bank Bonus Saver Account Before you start No more than 2 Bonus Savers per member Each month, to be paid the 5.75% max rate Deposit a total of $100 or more each month Make no debit transactions in the month In a month the steps are not met, the account pays its base rate, 0.01%. This rate applies to balances up to $99,999. A different rate applies above that. For ages 13 and over. RACQ’s feed says its quoted bonus rate already includes the base rate, so the two are not added. The bank’s wording for the steps: Bonus rate interest is paid if deposits totalling at least $100 and no debit transactions are made to the account during the calendar month. Bonus Rate quoted includes Base Rate. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 16 Sep 2026	5.75%	none
2	MoveBankGrowth Saver	0.10%	Details for MoveBank Growth Saver Each month, to be paid the 5.65% max rate Deposit a total of $200 or more each calendar month Make no withdrawals in the month In a month the steps are not met, the account pays its base rate, 0.10%. The bonus is paid on balances up to $25,000. The bank’s wording for the steps: Monthly deposit and no-withdrawal bonus Bonus rate payable for a calendar month when the eligibility criteria below are met, in addition to the base rate. Minimum $200 in deposits (credits) to the account during the calendar month. No withdrawals from the account during the calendar month. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 31 Jul 2026	5.65%	none
3	INGSavings Maximiser	0.01%	Details for ING Savings Maximiser Before you start An ING Orange Everyday account Each month, to be paid the 5.50% max rate Deposit $1,000 or more each month from outside ING into an eligible ING account in your name Make 5 or more settled, eligible ING card purchases each month Grow your nominated Savings Maximiser balance each month (interest does not count) Meeting the steps in one calendar month earns the bonus for the next month, on one account. In a month it is not earned, the account pays its base rate. The bonus is paid on balances up to $100,000. For ages 18 and over. The bank’s wording for the steps: When the criteria is met in a calendar month, the benefits and additional variable rate will apply in the next calendar month. Available on one account for balances up to $100,000. For customers who also have an Orange Everyday bank account and do this each month: Grow their nominated Savings Maximiser balance (excluding interest earned for the current month). For customers who also have an Orange Everyday bank account and do this each month: Deposit at least $1,000 from an external source to an Orange Everyday, Savings Maximiser, Savings Accelerator, Personal Term Deposit, ING Personal Loan or ING Home Loan in your name. For customers who also have an Orange Everyday bank account and do this each month: Make 5 or more settled (not pending) eligible ING card purchases Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 11 Aug 2026 · Bank’s page	5.50%	none
4	RabobankPremiumSaver	0.65%	Details for Rabobank PremiumSaver Each month, to be paid the 5.40% max rate Grow your balance by $200 or more each month (interest does not count) In a month the steps are not met, the account pays its base rate, 0.65%. This rate applies to balances up to $250,000. A different rate applies above that. For ages 18 and over. The bank’s wording for the steps: Balance increased by $200 a month, excluding interest paid Bonus Variable Rate Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 10 Jul 2026 · Bank’s page	5.40%	none
	INGSavings Booster	2.25%	IntroFor people who have not held an ING personal savings account before, on balances up to $500,000, for 4 months from opening. It is paid on top of the base rate and, when earned, the bonus. Details for ING Savings Booster Before you start An active ING Orange Everyday account in the same name Each month, to be paid the 5.40% max rate Grow your balance by $100 or more each month (interest does not count) In a month the steps are not met, the account pays its base rate, 2.25%. The bonus is paid on balances up to $500,000. The base rate is paid on balances up to $2,000,000. Intro rate: 6.00% for the first 4 months. For people who have not held an ING personal savings account before, on balances up to $500,000, for 4 months from opening. It is paid on top of the base rate and, when earned, the bonus. The bank’s wording for the intro rate: On balances up to $500,000, if you haven't previously held a personal savings account with ING, for a period of 4 months from the date of account opening. The Welcome rate applies in addition to the Base rate and, if applicable, the Boost rate. This offer applies to new accounts opened within the first four months. For ages 18 and over. The bank’s wording for the steps: Grow your account balance by at least $100 this month (not including any interest earned). Eligibility is assessed at the end of the month. Grow your account balance by at least $100 this month (not including any interest earned). Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 26 Jul 2026 · Bank’s page	5.40%	6.00%4 mo
5	Judo BankPersonal Savings Account	0.05%	Details for Judo Bank Personal Savings Account Each month, to be paid the 5.35% max rate Deposit $300 or more into the account each calendar month In a month the steps are not met, the account pays its base rate, 0.05%. This rate applies to balances up to $250,000. A different rate applies above that. For ages 18 and over. The bank’s wording for the steps: Deposit $300 within the month. Interest is calculated daily and paid monthly on your balance at a tiered interest rate. To trigger the bonus rate, simply deposit $300 or more into your savings account each calendar month. Checked against the bank’s own page on 2 Oct 2026 · feed read 8 Oct 2026 · bank last changed this product 11 Aug 2026 · Bank’s page	5.35%	none
5	UBankSave account	not published	IntroWelcome bonus for eligible new customers, only paid in months the bonus is earned. Rates on shared accounts may differ. Details for UBank Save account Each month, to be paid the 5.35% max rate Grow your total Save balances by $1 or more each month (interest does not count, and accounts linked as offsets at the end of the month are left out) The bonus is paid on balances up to $1,000,000. Intro rate: 6.10% for the first 4 months. Welcome bonus for eligible new customers, only paid in months the bonus is earned. Rates on shared accounts may differ. The bank’s wording for the intro rate: Welcome Bonus for eligible new customers beginning 11 November 2025. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. For ages 16 and over. UBank’s feed does not publish a base rate for this account. The bank’s wording for the steps: Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month. Everyday Bonus Rate Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 5 Oct 2026 · Bank’s page	5.35%	6.10%4 mo
5	Suncorp BankGrowth Saver Account	0.10%	Details for Suncorp Bank Growth Saver Account Each month, to be paid the 5.35% max rate Finish the month with a closing balance $200 or more above the previous month’s closing balance (interest does not count) Make no more than 1 withdrawal in the month In a month the steps are not met, the account pays its base rate, 0.10%. For ages 11 and over. The bank’s wording for the steps: Closing balance on the last day of the month (excl. interest) at least $200 greater than the closing balance on the last day of the previous month and no more than 1 withdrawal in the month. Bonus Interest - conditions must be met for bonus interest to be paid. Minimum balance increase per month of $200 Maximum of 1 withdrawal per month Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 7 Oct 2026 · Bank’s page	5.35%	none
8	Hume BankReward Saver	0.01%	Details for Hume Bank Reward Saver Each month, to be paid the 5.30% max rate Deposit $10 or more each month Make no withdrawals in the month In a month the steps are not met, the account pays its base rate, 0.01%. For ages 12 and over. The bank’s wording for the steps: Simple deposit a minimum of $10 per month to earn bonus interest Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 1 Oct 2026 · Bank’s page	5.30%	none
9	Bank of SydneyBOS Saver	5.25%	No steps Details for Bank of Sydney BOS Saver 5.25% with no monthly steps Interest is paid on balances up to $5,000,000. For ages 18 and over. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 1 Oct 2026 · Bank’s page	5.25%	none
9	Great Southern BankHome Saver	0.50%	Details for Great Southern Bank Home Saver Before you start A Great Southern Bank Everyday Edge account Each month, to be paid the 5.25% max rate Deposit $2,000 or more each month into the Everyday Edge account from another bank Make 5 or more Visa Debit card purchases each month In a month the steps are not met, the account pays its base rate, 0.50%. The bonus is paid on balances up to $100,000. For ages 18 and over. The bank’s wording for the steps: Receive bonus interest on balances up to $100,000 when you deposit $2,000 or more each month into your Everyday Edge Account from a non-Great Southern Bank account and make five or more Visa Debit Card purchases. Checked against the bank’s own page on 2 Oct 2026 · feed read 8 Oct 2026 · bank last changed this product 21 May 2026 · Bank’s page	5.25%	none
11	BankwestHero Saver	0.65%	Details for Bankwest Hero Saver Before you start One Hero Saver per person, joint accounts included Each month, to be paid the 5.10% max rate Have a higher balance at the close of the last business day of the month than on the first business day (interest does not count) In a month the steps are not met, the account pays its base rate, 0.65%. The bonus is paid on balances up to $250,000.99. The base rate is paid on balances up to $5,000,000.99. For ages 14 and over. The bank’s wording for the steps: Bonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate on that day if the total amount of deposits (excluding interest) exceeds the total amount of withdrawals in that month. Bonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate current on that day if the account balance (excluding interest) at the close of business hours on the last business day of the month is higher than at the first business day of the month. Bonus interest is only applicable for deposit balance up to $250,000.99 and amounts over this amount will not be eligible for the bonus interest.Bonus rates applied may vary. Terms and conditions may apply. Checked against the bank’s own page on 2 Oct 2026 · feed read 8 Oct 2026 · bank last changed this product 7 Oct 2026 · Bank’s page	5.10%	none
11	ANZ PlusANZ Plus Growth Saver	0.10%	Details for ANZ Plus ANZ Plus Growth Saver Each month, to be paid the 5.10% max rate Grow your savings by $100 or more by the last business day of each month (interest does not count) In a month the steps are not met, the account pays its base rate, 0.10%. The base rate is paid on balances up to $999,999,999.99. For ages 15 and over. The bank’s wording for the steps: Grow your savings by $100 or more (on top of any interest you receive) each month to earn a bonus rate with ANZ Plus Growth Saver. Grow $100 by last business day of month Grow your savings by $100 or more (on top of any interest you receive) each month to earn a bonus rate with ANZ Plus Growth Saver Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 14 May 2026 · Bank’s page	5.10%	none
11	Bank AustraliaBonus Saver	0.10%	Details for Bank Australia Bonus Saver Each month, to be paid the 5.10% max rate Deposit $100 or more each month Make no withdrawals in the month In a month the steps are not met, the account pays its base rate, 0.10%. This rate applies to balances up to $100,000. A different rate applies above that. The bank’s wording for the steps: Interest rate is variable, calculated daily on whole of balance and credited monthly. Earn monthly bonus interest when $100 is deposited each month and there are no withdrawals in the month. If these conditions aren't met, you will only be eligible to receive the base variable interest rate. Bonus interest when you make no withdrawals in a calendar month Bonus interest when you deposit at least $100 each month. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 24 Jun 2026 · Bank’s page	5.10%	none
11	Defence BankMax E Saver	0.10%	Details for Defence Bank Max E Saver Each month, to be paid the 5.10% max rate Make a deposit each month Make no withdrawals in the month In a month the steps are not met, the account pays its base rate, 0.10%. Defence Bank’s feed publishes the bonus as the total rate. Its own page shows the standard rate and the bonus adding up to the same figure. The bank’s wording for the steps: If a deposit is made during the month with no withdrawals, the bonus rate applies to the balance for that month. Interest is calculated daily on the closing balance and credited on the last day of each month. Checked against the bank’s own page on 2 Oct 2026 · feed read 8 Oct 2026 · bank last changed this product 20 May 2026 · Bank’s page	5.10%	none
11	P&N BankSmart Saver Account	0.50%	Details for P&N Bank Smart Saver Account Before you start Membership of P&N Bank Up to 3 Smart Savers across single and joint names Each month, to be paid the 5.10% max rate Deposit $100 or more each calendar month Make no withdrawals in the month In a month the steps are not met, the account pays its base rate, 0.50%. The bonus is paid on balances up to $250,000. The base rate is paid on balances up to $5,000,000. For ages 18 and over. The bank’s wording for the steps: Bonus interest applied when minimum $100 deposited and no withdrawals made from the account during the calendar month. Bonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate. Rate available to existing customers. Rate is applied when no withdrawals are made within the calendar month. Rate is applied when a minimum of $100 is deposited within the calendar month. Checked against the bank’s own page on 2 Oct 2026 · feed read 8 Oct 2026 · bank last changed this product 7 Oct 2026 · Bank’s page	5.10%	none
11	Qudos BankBonus Saver	0.10%	Details for Qudos Bank Bonus Saver Before you start Membership of Qudos Bank One personal or one joint Bonus Saver per person Each month, to be paid the 5.10% max rate Deposit $100 or more each calendar month Make no withdrawals in the month In a month the steps are not met, the account pays its base rate, 0.10%. This rate applies to balances up to $100,000. A different rate applies above that. The bank’s wording for the steps: Deposit at least $100 and make no withdrawals in a calendar month to receive the bonus rate on your savings. Bonus interest when you make no withdrawals in a calendar month. Bonus interest when you deposit at least $100 in a calendar month. Checked against the bank’s own page on 2 Oct 2026 · feed read 8 Oct 2026 · bank last changed this product 19 May 2026 · Bank’s page	5.10%	none
17	Easy StreetFlex Saver	5.05%	No steps Details for Easy Street Flex Saver 5.05% with no monthly steps Interest is paid on balances up to $3,000,000. For ages 18 and over. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 29 Sep 2026 · Bank’s page	5.05%	none
18	Macquarie BankMacquarie Savings Account	5.00%	No steps Details for Macquarie Bank Macquarie Savings Account 5.00% with no monthly steps This rate applies to balances up to $2,000,000. A different rate applies above that. For ages 12 and over. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 15 Sep 2026 · Bank’s page	5.00%	none
18	MyState BankHello Saver account	5.00%	No steps IntroNew customers, for the first four months. Details for MyState Bank Hello Saver account 5.00% with no monthly steps This rate applies to balances up to $500,000. A different rate applies above that. Intro rate: 5.40% for the first 4 months. New customers, for the first four months. The bank’s wording for the intro rate: Variable interest rate paid for the first four months for new customers Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 17 Jun 2026	5.00%	5.40%4 mo
	BankwestBankwest Easy Saver	5.00%	IntroNew Easy Saver accounts only, for 4 months. Not available if you have had the introductory rate on an Easy Saver in the last two years. One account per customer, no joint accounts. Details for Bankwest Bankwest Easy Saver Before you start A Bankwest Easy Transaction Account (it can be opened at the same time) No existing Easy Saver, and no joint holders 5.00% with no monthly steps This rate applies to balances up to $250,000.99. A different rate applies above that. Intro rate: 5.75% for the first 4 months. New Easy Saver accounts only, for 4 months. Not available if you have had the introductory rate on an Easy Saver in the last two years. One account per customer, no joint accounts. The bank’s wording for the intro rate: 4 month variable introductory rate The variable introductory rate is paid on a tiered basis on all balances in the account. The Easy Saver variable introductory rate only applies to new accounts. Not available if you've had the introductory rate on an Easy Saver Account in the last two years. Variable introductory rate and term are set out in the welcome letter. At the end of the introductory rate term, the account reverts to the Easy Saver standard variable rate applicable at that time. Only one account allowed per customer (not available for joint accounts). The variable introductory rate is paid on a tiered basis on all balances in the account. The Easy Saver variable introductory rate only applies to new accounts. Not available if you;ve had the introductory rate on an Easy Saver Account in the last two years. Variable introductory rate and term are set out in the welcome letter. At the end of the introductory rate term, the account reverts to the Easy Saver standard variable rate applicable at that time. Only one account allowed per customer (not available for joint accounts). For ages 16 and over. The feed also lists a fixed promotional rate for winners of a competition. It is not counted. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 7 Oct 2026 · Bank’s page	5.00%	5.75%4 mo
18	CommBankGoalSaver	0.10%	Details for CommBank GoalSaver Each month, to be paid the 5.00% max rate Make at least one deposit each calendar month End the month with a higher balance than you started (interest and bank-initiated transactions do not count) In a month the steps are not met, the account pays its base rate, 0.10%. For ages 18 and over. The bank’s wording for the steps: We pay bonus interest on top of the standard variable credit interest rate on credit balances if you: 1) Make at least one deposit each calendar month into your account; and 2) Have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). One variable bonus interest rate applies to your entire balance. The interest rate depends on how much you have in your account. We pay bonus interest on top of the standard variable credit interest rate on credit balances if you have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). We pay bonus interest on top of the standard variable credit interest rate on credit balances if you make at least one deposit each calendar month into your account. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 8 Oct 2026 · Bank’s page	5.00%	none
18	NABNAB Reward Saver	0.01%	Details for NAB NAB Reward Saver Each month, to be paid the 5.00% max rate Make at least one deposit on or before the second last banking day of the month Make no withdrawals in the month In a month the steps are not met, the account pays its base rate, 0.01%. The bank’s wording for the steps: Earn bonus interest for each month that you make at least one deposit before the second last banking day of that month and no withdrawals during that month To receive bonus interest for the month, customer must make at least one deposit on or before the second last banking day and no withdrawals. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 15 May 2026 · Bank’s page	5.00%	none
18	WestpacWestpac Life	0.10%	Details for Westpac Westpac Life Each month, to be paid the 5.00% max rate Make at least one deposit each month Have a higher balance on the last business day of the month than on the last business day of the month before (interest does not count) Keep the balance at $0 or above at all times In a month the steps are not met, the account pays its base rate, 0.10%. For ages 18 and over. Westpac also publishes an extra bonus for customers aged 18 to 40 who make 20 debit card purchases a month on a linked Westpac Choice account. It is not counted here. The bank’s wording for the steps: Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account on the last business day of the month. Account balance must not fall below $0 at any time. Make at least one deposit. Interest paid into the account doesn?t count. Account balance on the last business day of the month is higher than the account balance on the last business day of the previous month. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 1 Oct 2026 · Bank’s page	5.00%	none
18	Regional Australia BankSavings Booster Account	0.00%	Details for Regional Australia Bank Savings Booster Account Before you start Membership of Regional Australia Bank (one Savings Booster per member) Each month, to be paid the 5.00% max rate Deposit $100 or more each month Make no withdrawals in the month In a month the steps are not met, the account pays its base rate, 0.00%. The bonus is paid on balances up to $250,000. The bank’s wording for the steps: Deposit at least $100 and don’t make any withdrawals through the month to receive boosted interest for that month. Interest is per annum. Deposit at least $100 and don’t make any withdrawals through the month to receive boosted interest for that month. Bonus interest paid on portion of account balance up to $250,000. Interest payable reverts to Base Interest if interest conditions are not met. Base Interest applies on the whole balance. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 15 Sep 2026 · Bank’s page	5.00%	none
24	Australian Military BankOnline Saver	0.10%	Details for Australian Military Bank Online Saver Each month, to be paid the 4.85% max rate Make no withdrawals in the month Keep the balance at $500,000 or less In a month the steps are not met, the account pays its base rate, 0.10%. The bonus is paid on balances up to $500,000. The base rate is paid on balances up to $500,000. For ages 11 and over. The bank’s wording for the steps: The bonus interest rate is applicable to the full account balance when you maintain a balance between $0 and $500,000 and don’t make any withdrawals during the month. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 24 Aug 2026 · Bank’s page	4.85%	none
25	BOQSimple Saver Account	4.80%	No steps IntroNewly opened accounts. Details for BOQ Simple Saver Account 4.80% with no monthly steps This rate applies to balances up to $5,000,000. A different rate applies above that. Intro rate: 5.35% for the first 4 months. Newly opened accounts. The bank’s wording for the intro rate: For newly opened accounts, 0.55% will be applied to the account for the first 4 months. For ages 14 and over. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 7 Sep 2026 · Bank’s page	4.80%	5.35%4 mo
	Great Southern BankEveryday Saver	4.80%	No steps Details for Great Southern Bank Everyday Saver 4.80% with no monthly steps Interest is paid on balances up to $750,000. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 21 May 2026 · Bank’s page	4.80%	none
	INGSavings Accelerator	4.80%	No steps Details for ING Savings Accelerator 4.80% with no monthly steps This rate applies to balances up to $2,000,000. A different rate applies above that. For ages 18 and over. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 20 Jul 2026 · Bank’s page	4.80%	none
26	Bendigo BankBendigo Reward Saver	0.10%	Details for Bendigo Bank Bendigo Reward Saver Each month, to be paid the 4.75% max rate Grow your balance each month, on top of the interest the bank pays In a month the steps are not met, the account pays its base rate, 0.10%. The feed lists the same bonus twice, once for customers 30 and under and once for 31 and over. It is counted once, and the account drops out of this ranking if the two ever differ. The bank’s wording for the steps: For customers 30 years old or younger, subject to eligibility criteria being met Bonus Rate in addition to variable (Base) rate where criteria is met. When you grow your balance every month* Watch your savings grow without worrying about monthly service fees In addition to interest paid by us. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 9 Jul 2026 · Bank’s page	4.75%	none
	MoveBankOnline Saver	4.70%	No steps Details for MoveBank Online Saver 4.70% with no monthly steps Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 31 Jul 2026	4.70%	none
27	Beyond BankPurple Bonus Saver	0.01%	Details for Beyond Bank Purple Bonus Saver Before you start Membership of Beyond Bank Australia Each month, to be paid the 4.65% max rate Deposit $50 or more each month Make no withdrawals in the month In a month the steps are not met, the account pays its base rate, 0.01%. This rate applies to balances up to $200,000. A different rate applies above that. The bank’s wording for the steps: BONUS TIERS You will become eligible for bonus interest if you: a) deposit at least $50 during the month; and b) do not make a withdrawal during the same month. Interest is paid monthly. Deposit at least $50 into the account each month. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 23 Sep 2026 · Bank’s page	4.65%	none
28	Alex BankSavings	4.50%	No steps Details for Alex Bank Savings 4.50% with no monthly steps For ages 18 and over. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 12 May 2026 · Bank’s page	4.50%	none
28	BNK BankCash Management Account	4.50%	No steps Details for BNK Bank Cash Management Account 4.50% with no monthly steps For ages 18 and over. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 19 May 2026	4.50%	none
28	Unity BankMoneyMAX	4.50%	No steps Details for Unity Bank MoneyMAX 4.50% with no monthly steps Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 11 Jun 2026 · Bank’s page	4.50%	none
	Qudos BankQsaver	4.35%	Details for Qudos Bank Qsaver Before you start Membership of Qudos Bank 4.35% with no monthly steps This rate applies to balances up to $499,999.99. A different rate applies above that. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 19 May 2026 · Bank’s page	4.35%	none
31	ME BankSaveME	0.05%	Details for ME Bank SaveME Before you start A linked ME SpendME account Each month, to be paid the 4.35% max rate Make 4 or more Visa Debit card purchases each month from the SpendME account (settled, not pending) In a month the steps are not met, the account pays its base rate, 0.05%. The bonus is paid on balances up to $500,000. For ages 14 and over. The bank’s wording for the steps: 4 or more Visa Debit card purchases per month – which must be settled, not pending – using your linked SpendME account. Bonus rate applies if Bonus Criteria is met. Otherwise only base rate will apply Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 4 Sep 2026 · Bank’s page	4.35%	none
	RabobankHigh Interest Savings Account	4.00%	No steps IntroFor customers who have not owned a High Interest Savings Account in the last 2 years, for 4 months from the day the account is opened. Then the standard variable rate. Details for Rabobank High Interest Savings Account 4.00% with no monthly steps This rate applies to balances up to $250,000. A different rate applies above that. Intro rate: 5.90% for the first 4 months. For customers who have not owned a High Interest Savings Account in the last 2 years, for 4 months from the day the account is opened. Then the standard variable rate. The bank’s wording for the intro rate: The Introductory Variable Rate is available for new customers for 4 months from the day the account is opened, after which the rate will revert to the Standard Variable Rate. Introductory rate is variable and subject to change at any time. New customers are those who have not owned a High Interest Savings Account within the last 2 years. For ages 18 and over. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 13 May 2026 · Bank’s page	4.00%	5.90%4 mo
32	ANZANZ Progress Saver	0.01%	Details for ANZ ANZ Progress Saver Each month, to be paid the 3.75% max rate Make a single deposit of $10 or more each month Have no withdrawals, fees or charges on the account in the month The month runs from the day after the last business day of the previous month to the last business day of this one. If the steps are not met in that window, the account pays its base rate. For ages 12 and over. The bank’s wording for the steps: When you make a single deposit of $10 or more in a month and no withdrawals Bonus interest is subject to eligibility. ANZ Progress Saver pays bonus interest (in addition to the current variable base interest) in respect of a particular month if the set minimum deposit (currently $10) and no withdrawals, fees or charges are processed to the account on or before the last business day of that calendar month, and after the last business day of the previous calendar month. Bonus and base rates are variable and subject to change. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 2 Oct 2026 · Bank’s page	3.75%	none
	Regional Australia BankSavings Account	3.25%	IntroNew members, or existing members bringing money from another bank. Details for Regional Australia Bank Savings Account Before you start Membership of Regional Australia Bank 3.25% with no monthly steps Intro rate: 5.45% for the first 90 days. New members, or existing members bringing money from another bank. The bank’s wording for the intro rate: Interest is per annum (p.a.). Introductory Variable Interest Rate for the period of 90 days of the first 90 days within opening account. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 26 Jun 2026	3.25%	5.45%90 days
	CommBankNetBank Saver	2.10%	IntroYour first NetBank Saver only. Joint accounts miss out if either holder has had a NetBank Saver before. Details for CommBank NetBank Saver Before you start A linked CommBank everyday account in the same name 2.10% with no monthly steps Intro rate: 5.20% for the first 5 months. Your first NetBank Saver only. Joint accounts miss out if either holder has had a NetBank Saver before. The bank’s wording for the intro rate: Fixed bonus margin for the first 5 months on your first NetBank Saver. The variable introductory interest rate will not apply to NetBank Saver accounts which are jointly owned where one of the account holders has previously held a NetBank Saver account. Fixed bonus margin for the first 5 months on your first NetBank Saver. Fixed bonus margin for the first 5 months on your first NetBank Saver. The introductory interest rate will not apply to NetBank Saver accounts which are jointly owned where one of the account holders has previously held a NetBank Saver account. For ages 14 and over. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 8 Oct 2026 · Bank’s page	2.10%	5.20%5 mo
	NABNAB iSaver	1.65%	IntroFor customers who have not held a NAB iSaver in the last 12 months, for four months after opening their first iSaver. Details for NAB NAB iSaver Before you start A linked NAB everyday account 1.65% with no monthly steps Intro rate: 5.25% for the first 4 months. For customers who have not held a NAB iSaver in the last 12 months, for four months after opening their first iSaver. The bank’s wording for the intro rate: In addition, you'll also get this for the first four months after opening your first NAB iSaver account for balances up to $20 million. Introductory bonus margin is only available for a period of 4 months to customers who have not held a NAB iSaver in the last 12 months (on balances up to $20 million). Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 15 May 2026 · Bank’s page	1.65%	5.25%4 mo
	ANZANZ Online Saver	1.35%	Details for ANZ ANZ Online Saver Before you start An eligible ANZ everyday account with internet or phone banking 1.35% with no monthly steps For ages 12 and over. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 2 Oct 2026 · Bank’s page	1.35%	none
33	Credit Union SANetsave Account	1.25%	No steps IntroNew Netsave accounts. Details for Credit Union SA Netsave Account 1.25% with no monthly steps Intro rate: 5.00% for the first 4 months. New Netsave accounts. Read from the bank’s feed. Not yet checked against the bank’s own page · feed read 8 Oct 2026 · bank last changed this product 16 Sep 2026 · Bank’s page	1.25%	5.00%4 mo
	WestpacWestpac eSaver	1.25%	IntroA new eSaver opened online. The fixed introductory rate and the online bonus are both paid for the first 5 months. Details for Westpac Westpac eSaver Before you start A Westpac everyday account Registration for online and phone banking 1.25% with no monthly steps Intro rate: 5.25% for the first 5 months. A new eSaver opened online. The fixed introductory rate and the online bonus are both paid for the first 5 months. The bank’s wording for the intro rate: Fixed online bonus rate for the first 5 months for opening online. Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account on the last business day of the month. Balances, including deposits made on or after the last business day of the month, won't count towards that month's interest but will count for the next month's interest. Fixed introductory rate for the first 5 months. Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account on the last business day of the month. Balances, including deposits made on or after the last business day of the month, won't count towards that month's interest but will count for the next month's interest. For ages 14 and over. A further bonus is published for people newly arrived in Australia. It is not counted. Checked against the bank’s own page on 2 Oct 2026 · feed read 8 Oct 2026 · bank last changed this product 30 Sep 2026 · Bank’s page	1.25%	5.25%5 mo
34	Newcastle PermanentOnline Savings Account (including Intro)	1.00%	IntroFirst 3 months after the account is opened. Details for Newcastle Permanent Online Savings Account (including Intro) Before you start Every account owner holds an everyday account, home loan or credit facility with Newcastle Permanent 1.00% with no monthly steps Intro rate: 5.00% for the first 3 months. First 3 months after the account is opened. Checked against the bank’s own page on 2 Oct 2026 · feed read 8 Oct 2026 · bank last changed this product 25 Aug 2026 · Bank’s page	1.00%	5.00%3 mo
	Defence BankiSaver	0.50%	No steps IntroNew accounts, on balances up to $250,000. One iSaver per member, joint accounts included. Funds previously invested with Defence Bank do not count as new. The feed publishes this figure as the total rate. Details for Defence Bank iSaver 0.50% with no monthly steps Intro rate: 5.25% for the first 6 months. New accounts, on balances up to $250,000. One iSaver per member, joint accounts included. Funds previously invested with Defence Bank do not count as new. The feed publishes this figure as the total rate. The bank’s wording for the intro rate: Bonus rate on new accounts for the first six months up to $250,000 Interest is calculated daily on the closing balance and credited on the last day of each month. Checked against the bank’s own page on 2 Oct 2026 · feed read 8 Oct 2026 · bank last changed this product 8 Jul 2026 · Bank’s page	0.50%	5.25%6 mo

Hover or tap a marker for that condition. Open Details on any account for the bank’s own wording, what a missed month pays, and where the figure came from. Each bank name opens its page with every savings account it publishes.

How to read the three rates

Max rate. The most the account pays in a normal month, if you meet every step the bank sets.

Base rate. The account’s underlying rate, before any bonus. It is what a month pays when the bonus has not been earned.

Intro rate. A higher rate for a limited time, usually for new customers or new accounts. After that the account pays its max or base rate.

Steps. Each account is drawn as a line from its base rate to its max rate. Every marker on the line is one thing the bank asks for. A hollow marker is done once, like opening a linked everyday account. A filled marker is done every month, like a minimum deposit, a balance that has to grow, card purchases or no withdrawals. The more markers, the more work the max rate takes.

Details. Each account opens to show the bank’s own wording, what a missed month pays, any balance limit, and whether the figure has been checked against the bank’s own page or only read from its feed.

Every figure assumes a balance of $10,000 and is a yearly rate. Rates are variable and a bank can change them at any time.

Term deposits, ranked the same wayour sister site

Best term deposit rate today5.60%Community First Bank · 12 months · read 8 Oct 2026

77 banks’ term deposits, every term, with rank and rate historyTerm deposit rates →

A term deposit locks one rate for a fixed term with no monthly conditions; a savings account keeps the money at call but its rate can change. Every bank page here links to the same bank there.

Still being read42 banks

These banks publish savings accounts too. An account is only ranked once its rates and conditions have been read and checked, so they are listed here, not guessed. Another 29 accounts at banks already ranked are also still being read, so a bank’s best account may not be on the board yet.

About the dataConsumer Data Right · read every day

Under the Consumer Data Right, every bank, credit union and building society licensed in Australia has to publish its retail products, and the rates and conditions on them, as an open feed. Once a day we read the whole cdr.gov.au register, brand by brand, and keep every savings and everyday account exactly as the bank sent it. Today’s read covers 116 registered brands, 103 of which publish these accounts.

A savings rate is not one number, so every ranked account has a reviewed reading of how its base, bonus and intro rates combine and what the bank asks for, written from the bank’s own wording. Open Details on any account to see that wording and whether the figure has also been checked against the bank’s web page.

Still being read: savings accounts open to any adult whose reading has not been checked yet. Listed, not guessed.
Counted, not ranked: 64 accounts for children, students and young adults, 13 for pensioners and over 55s, 21 limited to members of one profession or to existing customers, 56 business and 13 self-managed super fund accounts, 4 notice accounts and 17 foreign currency accounts.
Everyday accounts with a card, overdraft or offset: this board is savings accounts only.
Brands whose feed failed on the day are left out, never estimated or carried over.

47 accounts from 34 banks are ranked today. How every figure is read is on the methodology page.

Frequently asked questions

What is a high interest savings account?

An at-call savings account that pays a higher rate than an everyday account, usually in two parts: a base rate the bank pays whatever you do, and a bonus the bank adds in months you meet its conditions. Deposit a minimum amount, grow the balance, make card purchases on a linked account, make no withdrawals. The board calls the sum the max rate, and today’s highest is 5.75% at RACQ Bank.

What is the difference between the max rate, the base rate and the intro rate?

Max rate: the most the account pays in a normal month, if you meet every step the bank sets. Base rate: the account’s underlying rate, what a month pays when the bonus has not been earned. Intro rate: a higher rate for a limited time, usually for new customers, after which the account pays its max or base rate.

Rank the board by any of the three. The markers under each account show what the max rate asks of you: a hollow marker is something to set up once, a filled marker is something to do every month.

Are these rates guaranteed?

No. Every rate here is variable: a bank can change it at any time, and a bonus is only paid in months the conditions are met in full. The figures are the banks’ own, published in their Consumer Data Right feeds and read every day. Confirm the rate with the bank before you open an account.

How does a savings account compare with a term deposit?

A term deposit locks one rate for a fixed term, with no monthly conditions and no access to the money until the term ends. A savings account keeps the money at call, but its rate can change and the best rate usually has conditions. Our sister site termdeposit.market ranks every Australian bank’s term deposit rates the same way, and every bank page here links to the same bank there.

Is my money protected?

Deposits with an Australian bank, credit union or building society are covered by the Financial Claims Scheme up to $250,000 per account holder, per institution (source: apra.gov.au). Every bank on this board is a licensed deposit-taking institution on the cdr.gov.au register.

Why is a bank missing, or listed as still being read?

An account is only ranked once its rates and conditions have been read from the bank’s feed and checked by a reviewer. Until then the bank is listed under “still being read”, never guessed. Accounts for children, pensioners, businesses, self-managed super funds and members of one profession are counted but not ranked, because the board compares accounts open to any adult.

How every figure is read is on the methodology page.

Please note: the rates on this page are the banks’ own published figures, read from their Consumer Data Right feeds, and may not be the return you actually receive. Savings rates are variable and a bank can change them at any time, and bonus rates depend on conditions being met in full. Always read the product terms, confirm the rate with the bank, and consider your own circumstances. Nothing here is financial advice or a recommendation. This site is published by Nutshell Media Pty Ltd, which is not affiliated with any bank, credit union or building society.