Savings Accounts Leaderboard

Looking for the best-rated savings account offers on the market? Compare Australia's savings accounts to find some of the best on the market.

Best regular savers account

The top-rated savings accounts suitable for the everyday saver. Assumes a $10,000 starting balance and monthly deposits of $600. Excludes kids' and pensioners' accounts.

Best kids savings account

The top-rated savings accounts for the little savers. Assumes monthly deposits of $50 from age five to 17 inclusive.

Best standard savings account

The top-rated savings accounts suitable for savers who want complete freedom while still earning interest. Assumes a balance of $10,000 at any given time. Excludes kids' and pensioners' accounts, as well as accounts that offer bonus interest if certain terms and conditions are met each month.

Best savings account for young adults

The top-rated savings accounts suitable for young adult everyday saver. Assumes a $2,000 starting balance and monthly deposits of $400. Excludes kids' and pensioners' accounts.

Checkout more savings accounts

Promoted

First Option Credit Union Limited

Kids Bonus Saver < 18

Real Time Rating™
  • Bonus interest with conditions
  • App banking
  • Online banking

*Deposit at least $5 per month and make no withdrawals

Maximum rate

5.55%*

p.a

Base rate

0.05%

p.a

Promoted

Westpac Banking Corporation Ltd

Westpac Life - 18 to 29 years old

Real Time Rating™
  • Bonus interest with conditions
  • App banking
  • Online banking
  • Linked account required

2024 Award Winner

*Make 5+ eligible debit card purchases on your Westpac Choice account and make at least 1 deposit into your Westpac Life Account so that your balance is higher than at the beginning of the month in your Westpac Life Account

Maximum rate

5.20%*

p.a

Base rate

2.00%

p.a

Promoted

ING

Savings Maximiser

Real Time Rating™
  • Bonus interest with conditions
  • App banking
  • Online banking
  • Linked account required

2024 Award Winner

*Customers must complete the following each month: 1. Deposit at least $1,000 from an external source; 2. Make 5+ settled card purchases; and 3. Grow the balance on the nominated Savings Maximiser account – i.e. make sure there’s more in the account at the end of the month (excluding interest) than there was at the end of the previous month. The total bonus interest rate is available on balances up to $100,000 on one Savings Maximiser the next month after meeting eligibility.

Maximum rate

5.50%*

p.a

Base rate

0.55%

p.a

Promoted

ubank

High Interest Save Account

Real Time Rating™
  • Bonus interest with conditions
  • Online banking
  • Linked account required

*To earn bonus interest, you’ll just need to have a Spend account and deposit $200+ per month (not including internal transfers) into any of your Spend and Save accounts. Get the app and sign up in just minutes

Maximum rate

5.10%*

p.a

Base rate

0.10%

p.a