This handy tool figures out where your money goes and how much you should have left over, for a simple and complete picture of your financial situation.
Disclaimer
Who we are and how we get paid
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
The Budget Planner Calculator helps you get a better understanding of your finances. Move through the planner by
clicking on each of the heading tabs. You don’t need to complete all the fields – enter information in
as many fields as you need to.
Savings account comparisons on Mozo - last updated 4 May 2024
Search promoted savings accounts below or do a full Mozo database search.Advertiser disclosure.
High Interest Savings Account
Maximum rate
standard interest rate
Govt Deposit Guarantee
5.75% p.a.(for $0 to $250,001)
4.40% p.a.(for $0 to $250,001)
Yes up to $250,000
Bonus rate for the first 4 months from account opening
Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account . Receive the maximum rate when you grow your balance by at least $200 each month. No Account keeping fees. No minimum balance.
Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account . Receive the maximum rate when you grow your balance by at least $200 each month. No Account keeping fees. No minimum balance.
account fee per month
$0.00
Maximum rate conditions
Bonus rate for the first 4 months from account opening, reverting to standard variable rate. Rate shown is for Personal customers and is subject to change. Different rates apply to Business/SMSF customers.
Bonus variable rate is available for the first four months.
Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2023 Mozo Experts Choice Award winner.
Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2023 Mozo Experts Choice Award winner.
account fee per month
$0.00
Maximum rate conditions
Bonus variable rate is available for the first four months.
Access
BPay, Branch access, Phone banking, Internet banking
Minimum balance
$0.00
Other restrictions
Must have a Macquarie Transaction Account to link with.
Read our Mozo Review to learn more about the Savings Account
Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.
Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.
Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.
account fee per month
$0.00
Maximum rate conditions
Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.
Access
ATM, EFTPOS, Visa Debit, Cheque book, BPay, Branch access, Phone banking, Internet banking, Bank@Post
Enjoy a bonus rate when you deposit at least $1000 per month with the AMP Saver Account.
No account fees. Unlimited transactions when linked to an AMP Bank transaction account. Easy online access to your money. Option to link your savings account to an everyday transaction account. 2024 Mozo Experts Choice Award winner.
No account fees. Unlimited transactions when linked to an AMP Bank transaction account. Easy online access to your money. Option to link your savings account to an everyday transaction account. 2024 Mozo Experts Choice Award winner.
account fee per month
$0.00
Maximum rate conditions
Ongoing total variable bonus rate of up to 5.40% per annum applies if customers deposit $1,000 in the previous month. Available only on balances up to $250,000.
Access
Phone banking, Internet banking
Minimum balance
$0.00
Other restrictions
Ongoing total variable bonus rate up to 5.40% p.a. is earned on the balance the month after you deposit $1,000 and is paid the following month, on balances up to $250k. Max balance per customer name is $5 million.
Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.
Earn a generous interest rate on your at-call savings (T&Cs apply). Interest is calculated daily and paid to you monthly. A $5 monthly membership fee will not apply if your total account balances with First Option Bank exceed $1,000 or you have a credit card or loan with the bank.
Earn a generous interest rate on your at-call savings (T&Cs apply). Interest is calculated daily and paid to you monthly. A $5 monthly membership fee will not apply if your total account balances with First Option Bank exceed $1,000 or you have a credit card or loan with the bank.
account fee per month
$5.00
Maximum rate conditions
Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.
Access
-
Minimum balance
$1.00
Other restrictions
Must become a First Option Bank member to open an account.
Read our Mozo Review to learn more about the Savings+Bonus
Unlimited access 24/7 via Banking App, Phone & Internet Banking. Interest is calculated daily and paid monthly. No transaction fees or monthly service fees. No minimum balance or withdrawal restrictions. Online access only.
Unlimited access 24/7 via Banking App, Phone & Internet Banking. Interest is calculated daily and paid monthly. No transaction fees or monthly service fees. No minimum balance or withdrawal restrictions. Online access only.
Minimum $5 monthly deposit and no withdrawals to earn bonus interest each month.
A dedicated high-interest savings account exclusively for under-18 members, designed to help kids save up for something they want. Internet banking and Mobile Banking App. Deposit a minimum of $5 per month (pocket money!) without making a withdrawal and you will earn high bonus interest on balances up to $5,555. Balances over $5,555 will earn only the base interest rate of 0.05% p.a
A dedicated high-interest savings account exclusively for under-18 members, designed to help kids save up for something they want. Internet banking and Mobile Banking App. Deposit a minimum of $5 per month (pocket money!) without making a withdrawal and you will earn high bonus interest on balances up to $5,555. Balances over $5,555 will earn only the base interest rate of 0.05% p.a
account fee per month
-
Maximum rate conditions
Minimum $5 monthly deposit and no withdrawals to earn bonus interest each month.
Access
BPay, Internet banking, Bank@Post
Minimum balance
$0.00
Other restrictions
Available for kids under 18 years old, must become a First Option Bank member to open an account.
Make 5 eligible card purchases per month with a Westpac Choice account and min 1 deposit and higher balance than at the beginning of the month in Life savings account.
Are you 18 - 29 years of age? Earn up to a generous variable interest rate on your savings when you spend and save with Westpac. For individuals aged 18 to 29 on Westpac Life account balances up to $30,000.
Are you 18 - 29 years of age? Earn up to a generous variable interest rate on your savings when you spend and save with Westpac. For individuals aged 18 to 29 on Westpac Life account balances up to $30,000.
account fee per month
$0.00
Maximum rate conditions
Make 5 eligible card purchases per month with a Westpac Choice account and min 1 deposit and higher balance than at the beginning of the month in Life savings account.
Access
BPay, Branch access, Phone banking, Internet banking
Minimum balance
$0.00
Other restrictions
Must hold a Westpac Choice transaction account. If 5 eligible card purchases are made each month, but savings account balance has not increased, a 2.00% interest rate still applies.
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
Make the most of Mozo's free budget planner
Do you feel like trying to get your financing into some sort of order is like trying to herd cats? That you never seem to have any money a few days before your next pay check? If this sounds like you, it's time for you to sit down and get them in order. The first step in organising your finances is to assess where you currently stand and make a budget plan to move forward. Mozo has a free budget planner to help you get started.
The money budget planner
The budget planner template is easy to follow much easily than an Excel file! You simply put in the numbers it asks of you and double check that the payment frequency is correct. The budget calculator will take the data you've provided and let you know how much you have remaining or how much you're overspending by! If that's the case you can then adjust the amounts in the online budget planner to see where you could trim back to make sure you're not over spending. As this is a fully printable budget planner, you can print it off and pin it to your fridge or tuck it in your diary to remind you of the areas you need to cut back on. You can use this free budget spreadsheet as your personal or household budget planner simply add in your partner's financial information to give you an idea of how your household finances are holding up.
Life after budgeting: borrowing and saving
This calculator is free from the Mozo website, just like our other services. Once you've used to the budget planner worksheet, you'll have a better idea of your financial standing. If you're in debt, you can use our personal loan comparison service to see which is the best bank to help you get out of debt sooner. If you're slightly ahead of the game, you could start saving take a look at the saving accounts and interest rates provided by Australian banks and credit unions. All this information is presented in an easy to understand manner, so you can choice the best savings provider.
The rewards getting your finance in check
Once you've used the personal budget planner, you'll feel more on top of your finances and more confident in making decisions. You can start planning for future expenses, like a new car or a holiday, without the need for a personal loan with high interest. Don't delay get ahead with your budget planning today and have the things you want in the future!
Disclaimer
Who we are and how we get paid
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
Important information on terms, conditions and sub-limits
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.