Savings account reviews

Read the latest savings account reviews from the Mozo community. Thousands of Australians have reviewed their savings institution to give you the inside story on everything from interest rates to convenience.

Can we help you to refine your reviews search?

Popular review categories:

Search reviews by:

Just researching? Compare all savings accounts or check out our savings account guides

Write a review

Recent savings account reviews

Sort reviews by: date | helpful vote | thumbs up | thumbs down
  • Bankwest

    Bankwest savings account review

    Brilliant, knowlegable staff

    1. Overall customer rating
    2. (Reviewed 5 days ago)

    Staff are very patient in assisting you. All the staff seem very happy in their jobs. Nothing was too much trouble when I had a query. Their knowledge is second to none. I have been with this bank for a LONG time, even when it was The R & I b...  Full review 

    Staff are very patient in assisting you. All the staff seem very happy in their jobs. Nothing was too much trouble when I had a query. Their knowledge is second to none. I have been with this bank for a LONG time, even when it was The R & I bank. Thanks to all the staff that work at ALL the branches.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Bankwest savings account reviewed by Cynthia from Western Australia

    Was this review helpful? Yes flag

  • Bendigo Bank

    Bendigo Bank savings account review

    Great interest, good customer service

    1. Overall customer rating
    2. (Reviewed 5 days ago)

    Bendigo Bank is reliable, has good interest rates and great customer service. If you are interested in this bank, it is worth using.  Full review 

    Bendigo Bank is reliable, has good interest rates and great customer service. If you are interested in this bank, it is worth using.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Bendigo Bank savings account reviewed by Pauline from Queensland

    1 person found this review helpful – do you? Yes flag

  • Commonwealth Bank

    Commonwealth Bank savings account review

    A good bank if you want no fuss.

    1. Overall customer rating
    2. (Reviewed 5 days ago)

    Commonwealth Bank of Australia is a good bank when it comes to their basic Savings accounts, both online savers and standard linked accounts. One thing I would like to see is a return of high interest rates in savings accounts, like the 4% standa...  Full review 

    Commonwealth Bank of Australia is a good bank when it comes to their basic Savings accounts, both online savers and standard linked accounts. One thing I would like to see is a return of high interest rates in savings accounts, like the 4% standard when I first signed up. Other than that, they are helpful and solid on service.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Commonwealth Bank savings account reviewed by David from Queensland

    Was this review helpful? Yes flag

  • ANZ

    ANZ savings account review

    Not happy!

    1. Overall customer rating
    2. (Reviewed 5 days ago)

    I have had a lot of trouble with my savings account and ANZ and account fees being high and over drawn, the app doesn't keep up, I go shop, it declines even though my account says I have more than enough money? I've been in to local bank but only ...  Full review 

    I have had a lot of trouble with my savings account and ANZ and account fees being high and over drawn, the app doesn't keep up, I go shop, it declines even though my account says I have more than enough money? I've been in to local bank but only 1 lady was helpful, it's embarrassing to be in line at the supermarket and your card is declined, happens at least 7 times a week!


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    ANZ savings account reviewed by Katie

    Was this review helpful? Yes flag

  • Commonwealth Bank

    Commonwealth Bank savings account review

    Bring back real service..

    1. Overall customer rating
    2. (Reviewed 5 days ago)

    The Commonwealth Bank, like most businesses nowadays have cut the staffing numbers....unfortunately! The commonwealth customers are an older crowd - I have noticed - long term customers..... They don't want to use a machine, they want a happy smil...  Full review 

    The Commonwealth Bank, like most businesses nowadays have cut the staffing numbers....unfortunately! The commonwealth customers are an older crowd - I have noticed - long term customers..... They don't want to use a machine, they want a happy smiling teller - they want someone to serve them for their requirements.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Commonwealth Bank savings account reviewed by Kathleen from Queensland

    Was this review helpful? Yes flag

  • Bank of Queensland

    Bank of Queensland savings account review

    Beats the others hands down

    1. Overall customer rating
    2. (Reviewed 5 days ago)

    Bank of Queensland has the best customer service of any bank I've ever used. They always tell me if deposit rates have changed and offer to change me over to the best type of acct. to earn the most money. I would never bank anywhere else and am ...  Full review 

    Bank of Queensland has the best customer service of any bank I've ever used. They always tell me if deposit rates have changed and offer to change me over to the best type of acct. to earn the most money. I would never bank anywhere else and am planning to buy shares in the bank, so impressed am I with their service.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Bank of Queensland savings account reviewed by Sandy from Victoria

    Was this review helpful? Yes flag

  • Commonwealth Bank

    Commonwealth Bank savings account review

    Excellent customer service

    1. Overall customer rating
    2. (Reviewed 5 days ago)

    I've been with the Commonwealth Bank for over 20 years & I've never had any problems with them. If I have ever had any enquiries, they are always helpful & they do it all with a smile. The only thing I wish for, was that they had more ATMs.  Full review 

    I've been with the Commonwealth Bank for over 20 years & I've never had any problems with them. If I have ever had any enquiries, they are always helpful & they do it all with a smile. The only thing I wish for, was that they had more ATMs.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Commonwealth Bank savings account reviewed by Natasha from South Australia

    Was this review helpful? Yes flag

  • ANZ

    ANZ savings account review

    Great service and easy banking

    1. Overall customer rating
    2. (Reviewed 5 days ago)

    ANZ make banking very easy for me. Customer Service is always friendly and helpful, and there are always branches or ATM's nearby. My best banking experience yet.  Full review 

    ANZ make banking very easy for me. Customer Service is always friendly and helpful, and there are always branches or ATM's nearby. My best banking experience yet.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    ANZ savings account reviewed by Ash from South Australia

    Was this review helpful? Yes flag

  • Commonwealth Bank

    Commonwealth Bank savings account review

    Trust

    1. Overall customer rating
    2. (Reviewed 5 days ago)

    Trustworthy. Don't like the monthly fees charged. I don't think fees should be charged if you don't meet their minimum weekly deposit, especially as I don't even earn that amount per week.  Full review 

    Trustworthy. Don't like the monthly fees charged. I don't think fees should be charged if you don't meet their minimum weekly deposit, especially as I don't even earn that amount per week.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Commonwealth Bank savings account reviewed by Hazel from Victoria

    Was this review helpful? Yes flag

  • Commonwealth Bank

    Commonwealth Bank savings account review

    Not happy

    1. Overall customer rating
    2. (Reviewed 5 days ago)

    I have been a customer of the Commonwealth Bank for approximately 27 years. The first branch I was with closed my account when I was in rehabilitation, forcing me to go to another branch. They have taken money from me on a monthly basis all that t...  Full review 

    I have been a customer of the Commonwealth Bank for approximately 27 years. The first branch I was with closed my account when I was in rehabilitation, forcing me to go to another branch. They have taken money from me on a monthly basis all that time, yet when I am in need of an overdraft only twice have they helped me. I am not a happy customer and I am thinking of changing banks.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Commonwealth Bank savings account reviewed by Evander

    1 person found this review helpful – do you? Yes flag

  • Commonwealth Bank

    Commonwealth Bank savings account review

    A great bank to be with.

    1. Overall customer rating
    2. (Reviewed 5 days ago)

    I joined the bank in the UK before I migrated to Australia in 1980. They have handled my funds, mortgages,shares, super and car purchases either through the bank or their subsidiaries ever since. They have been the bank for me and I have "Kept a...  Full review 

    I joined the bank in the UK before I migrated to Australia in 1980. They have handled my funds, mortgages,shares, super and car purchases either through the bank or their subsidiaries ever since. They have been the bank for me and I have "Kept all my eggs in one basket".


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Commonwealth Bank savings account reviewed by Brian from Victoria

    Was this review helpful? Yes flag

  • Westpac

    Westpac savings account review

    Waiting in line to be served is always slow

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    Westpac is a good bank to use if you are a business but as a regular everyday customer the service and products are not the best.  Full review 

    Westpac is a good bank to use if you are a business but as a regular everyday customer the service and products are not the best.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Westpac savings account reviewed by Leia from Victoria

    Was this review helpful? Yes flag

  • ANZ

    ANZ savings account review

    Could offer more for fee price

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    High fees, especially for students. No windows phone connectivity for app banking. Decent customer service but not overly helpful.  Full review 

    High fees, especially for students. No windows phone connectivity for app banking. Decent customer service but not overly helpful.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    ANZ savings account reviewed by Dana from Australian Capital Territory

    Was this review helpful? Yes flag

  • Central West Credit Union

    Central West Credit Union savings account review

    Great Service, Great Rates

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    I love Central West Credit Union as they are local, have excellent customer service skills and do their best to ensure that you leave satisfied and with what you were hoping. I have only ever had good experiences.  Full review 

    I love Central West Credit Union as they are local, have excellent customer service skills and do their best to ensure that you leave satisfied and with what you were hoping. I have only ever had good experiences.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Central West Credit Union savings account reviewed by Jessica from New South Wales

    Was this review helpful? Yes flag

  • BCU

    BCU savings account review

    Exceptional Customer Service

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    I have banked with BCU for over 20 years & I find their Customer Service has never let me down. BCU's online banking is user friendly. BCU has an app that convenient & easy to use. I have not found any cons with this institute as I have found th...  Full review 

    I have banked with BCU for over 20 years & I find their Customer Service has never let me down. BCU's online banking is user friendly. BCU has an app that convenient & easy to use. I have not found any cons with this institute as I have found their Customer Service are helpful at all times.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    BCU savings account reviewed by Rhonda from New South Wales

    Was this review helpful? Yes flag

  • UBank

    UBank savings account review

    Online only, high interest savings. No branches.

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    Ubank is an online only bank, that offers me a high interest rate savings account which is great. One of the highest rates around. Downside to being online only is that there are no physical branches, so if I want to make a deposit, I had to se...  Full review 

    Ubank is an online only bank, that offers me a high interest rate savings account which is great. One of the highest rates around. Downside to being online only is that there are no physical branches, so if I want to make a deposit, I had to set up a NAB account to transfer across. Free to set up, but a minor nuisance. Overall, easy to use with my weekly pay being deposited straight in and interest added on the first day of each month.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    UBank savings account reviewed by Josh from New South Wales

    Was this review helpful? Yes flag

  • Commonwealth Bank

    Commonwealth Bank savings account review

    The bank that Can and does!

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    The Commonwealth bank has always been my preferred bank. I have banked with other banks in the past and simply, they have never fulfilled my expectations as the CBA can and does. Everything about the commonwealth bank is on a higher lever than all...  Full review 

    The Commonwealth bank has always been my preferred bank. I have banked with other banks in the past and simply, they have never fulfilled my expectations as the CBA can and does. Everything about the commonwealth bank is on a higher lever than all other banks, starting from the level of service and care you receive to the personalised products designed to suit and best assist your financial plans and needs what ever they may be. I have always received a call back when they say they will call, which is very rare. This highlights the sense of urgency towards the customer, building trust and most importantly shapes the bank with great Integrity. Dealing with professionalism, great product knowledge and above all, exceptional customer service, why would you want to bank with anyone else.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Commonwealth Bank savings account reviewed by Trish

    Was this review helpful? Yes flag

  • Westpac

    Westpac savings account review

    Great customer service

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    One one one advice for the best interest rates for several of my accounts were given and matched or bettered against the various other institutions.  Full review 

    One one one advice for the best interest rates for several of my accounts were given and matched or bettered against the various other institutions.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Westpac savings account reviewed by Chris from New South Wales

    Was this review helpful? Yes flag

  • Greater Building Society

    Greater Building Society savings account review

    Great service, geographically limited

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    Whilst I have been a long term customer of the building society, and am generally satisfied with their offerings, I find the fact that they are limited to the hunter valley in terms of branches and this has meant that I have needed to move to a na...  Full review 

    Whilst I have been a long term customer of the building society, and am generally satisfied with their offerings, I find the fact that they are limited to the hunter valley in terms of branches and this has meant that I have needed to move to a national financial institution STG.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Greater Building Society savings account reviewed by Matt from New South Wales

    Was this review helpful? Yes flag

  • Westpac

    Westpac savings account review

    Ease of use, great service

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    Easy peasy to set up; great interest rate with the 'youth saver' account I have. Friendly staff, and easy to use online services!  Full review 

    Easy peasy to set up; great interest rate with the 'youth saver' account I have. Friendly staff, and easy to use online services!


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Westpac savings account reviewed by Mikaela from New South Wales

    Was this review helpful? Yes flag

  • Commonwealth Bank

    Commonwealth Bank savings account review

    Innovative and fresh

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    I have banked with CBA since I was 5 years old, when I opened a dollar mite account and deposited my very appreciated $2 weekly pocket money. They have always been convenient and easy to access and I trust this bank a lot. I really enjoy banking w...  Full review 

    I have banked with CBA since I was 5 years old, when I opened a dollar mite account and deposited my very appreciated $2 weekly pocket money. They have always been convenient and easy to access and I trust this bank a lot. I really enjoy banking with them and recently got my partner to close his other accounts and bank with them as well.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Commonwealth Bank savings account reviewed by Roxanne from New South Wales

    Was this review helpful? Yes flag

  • CUA

    CUA savings account review

    Fantastic customer service

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    I've been with my bank since the beginning, they have friendly staff who have always gone out of their way to help. I've been extremely lucky to have found a bank that treats its customers with dignity and respect.  Full review 

    I've been with my bank since the beginning, they have friendly staff who have always gone out of their way to help. I've been extremely lucky to have found a bank that treats its customers with dignity and respect.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    CUA savings account reviewed by Angela from Queensland

    Was this review helpful? Yes flag

  • ANZ

    ANZ savings account review

    Great offerings and great service

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    ANZ have been brilliant with their offerings and service. Have been banking with them for over 9 years and I've not had a single issue with them.  Full review 

    ANZ have been brilliant with their offerings and service. Have been banking with them for over 9 years and I've not had a single issue with them.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    ANZ savings account reviewed by Ajith

    Was this review helpful? Yes flag

  • Bank of Queensland

    Bank of Queensland savings account review

    Great customer service and staff very friendly

    1. Overall customer rating
    2. (Reviewed 7 days ago)

    Bank prides themselves on their wonderful, efficient, friendly service. Conveniently situated with ample parking. When overseas once I had to be hospitalised and one quick email and money deposited into my credit card. Last time overseas my cat...  Full review 

    Bank prides themselves on their wonderful, efficient, friendly service. Conveniently situated with ample parking. When overseas once I had to be hospitalised and one quick email and money deposited into my credit card. Last time overseas my cat was seriously hurt and had to be hospitalised for one week. I had a large bill. Money deposited into my son's account which allowed him to pay the Vet's account. Without the efficiency of this particular bank, would have had me in a stressful situation. No problem is too big for them to sort out and they go out of their way when travelling to make sure I have dealt with everything to make my trip smoother. I will never leave the Bank of Queensland, and I have written to them often telling them about their good service etc.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    Bank of Queensland savings account reviewed by Helen from Queensland

    Was this review helpful? Yes flag

  • GMCU

    GMCU savings account review

    They have everything the big banks have

    1. Overall customer rating
    2. (Reviewed 12 days ago)

    Love my bank, the people treat you as family, and they are like a great big family, always a smile, happy friendly, great customer service, hardly ever have to wait long for service, they don't sneak away pretending there isn't a queue like the bi...  Full review 

    Love my bank, the people treat you as family, and they are like a great big family, always a smile, happy friendly, great customer service, hardly ever have to wait long for service, they don't sneak away pretending there isn't a queue like the big banks do, they are just perfect. They are honest.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    GMCU savings account reviewed by Heather from Victoria

    Was this review helpful? Yes flag

What type of savings account are you looking for?

  • Apply now for savings accounts
  • special rate 4.00%

    p.a. for customers who also have an Orange Everyday bank account and deposit $1,000 each month from an external source.

    standard interest rate 2.50%
    ING DIRECT Savings Maximiser
  • special rate 3.30%

    No withdrawals in the month. Bonus rate for first 4 months, reverting to 2.45% bonus rate after

    standard interest rate 0.00%
    HSBC Serious Saver
  • special rate 3.25%

    Bonus rate for the first 3 months

    standard interest rate 2.25%
    ANZ Online Saver

More recently reviewed savings accounts

  • 9.3
    based on
    198 reviews

    ING DIRECT savings accounts

    Overall rating: 9.3 (198 reviews)*

    Last reviewed: 14 February 2015


    1. Overall customer rating
    1. Price
    1. Features
    1. Customer service
    1. Convenience
    1. Trust

    * based on reviews in the past 12 months

    ING DIRECT savings accounts
  • 8.7
    based on
    64 reviews

    People's Choice Credit Union savings accounts

    Overall rating: 8.7 (64 reviews)*

    Last reviewed: 22 February 2015


    1. Overall customer rating
    1. Price
    1. Features
    1. Customer service
    1. Convenience
    1. Trust

    * based on reviews in the past 12 months

    People's Choice Credit Union savings accounts
  • 8.5
    based on
    197 reviews

    Bank of Queensland savings accounts

    Overall rating: 8.5 (197 reviews)*

    Last reviewed: 23 February 2015


    1. Overall customer rating
    1. Price
    1. Features
    1. Customer service
    1. Convenience
    1. Trust

    * based on reviews in the past 12 months

    Bank of Queensland savings accounts
  • 8.5
    based on
    10 reviews

    Victoria Teachers Mutual Bank savings accounts

    Overall rating: 8.5 (10 reviews)*

    Last reviewed: 30 December 2014


    1. Overall customer rating
    1. Price
    1. Features
    1. Customer service
    1. Convenience
    1. Trust

    * based on reviews in the past 12 months

    Victoria Teachers Mutual Bank savings accounts
  • 8.4
    based on
    346 reviews

    Bendigo Bank savings accounts

    Overall rating: 8.4 (346 reviews)*

    Last reviewed: 24 February 2015


    1. Overall customer rating
    1. Price
    1. Features
    1. Customer service
    1. Convenience
    1. Trust

    * based on reviews in the past 12 months

    Bendigo Bank savings accounts

People's Choice Awards

Every bank claims to be the smartest, happiest, friendliest - but how are you supposed to choose between them? Trust the people's choice. Mozo presents Australia's largest banking survey of more than 25,000 real customer reviews, with an honour roll of the best credit card, home loan, savings account, and of course the best bank. So what say the people?

People's Choice Awards.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.