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Compare savings accounts with Mozo to find the best account for your needs. Skip straight to our popular savings accounts in the table below, or go the whole hog and compare all savings accounts now. Read more...

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top 5 list

Highest rate savings accounts

- based on standard interest rate on a $5,000 balance
  1. 4.35% 1. AMP
    First
  2. 4.00% 2. AMP
  3. 4.00% 2. Members Equity Bank
  4. 4.00% 2. RaboPlus
  5. 4.00% 2. SmartyPig

Most recent savings account reviews

Commonwealth Bank savings accounts

  • Overall Rating

    5
  • Pricing

    1
  • Product Features

    1
  • Customer Service

    4
  • Convenience

    8
  • Trust

    8

The withdrawal fees on CBA's savings accounts are too excessive. – Danielle from Victoria   Reviewed about 21 hours ago

Westpac savings accounts

  • Overall Rating

    6
  • Pricing

    6
  • Product Features

    3
  • Customer Service

    7
  • Convenience

    5
  • Trust

    7

I like the convenience and flexibility of Westpac's savings accounts. I dislike the low interest rates and high fees. They should make contacting your bank by phone less complicated with multiple selections required on phone pad to talk to someone. – Jarrod from Victoria   Reviewed about 22 hours ago

one direct savings accounts

  • Overall Rating

    3
  • Pricing

    1
  • Product Features

    0
  • Customer Service

    6
  • Convenience

    1
  • Trust

    8

What a difference a week can make. Last week I was espousing the values of the AMP First account. This week I've switched my allegiance. In a rapidly changing climate one must really do their homework and be continually checking each bank's web site looking for changes to the rates. In one week 3 notable changes have occurred to some of the banks I deal with. The Commonwealth Bank's 1.25% bonus rate ended on June 30 and surprise surprise, they decided to introduce a new bonus rate of 1% until the end of December. A nice surprise I must say. On the other hand OneDirect decided to gamble on their existing customer's apathy and reduced their standard rate from 4% to 3.75% while offering 'NEW' customers a bonus of 0.75% till Nov 30. Needless to say I fired off a stern email to them about this. To their credit they did write back offering to give me this bonus rate if I chose to bring my money back to them. A tempting thought but alas for them another contender has increased their rate from 4.1% to 4.55% from July 1st. Now in an effort to discourage apathy I feel its my duty to refrain from mentioning this other bank, thus encouraging people to become more active in their search for a better deal. I've noticed its not been listed in the top 5 but it is on the list of the banks you can choose to write about. My other reason of course is based on my opinion that these banks seem to only offer a better rate while they're chasing customers. It seems that once they fill their quota the rate drops and I find myself once again marching my money into yet another temporary 'better' rate. Cheers all! – Chris from Western Australia   Reviewed about 23 hours ago

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articles

Savings account articles

– all the latest savings account info

Concerns grow about NetBank bugs

Friday 03 July 2009

Serious questions are being asked of Commonwealth Bank’s IT infrastructure after the bank conceded that it cannot say how long its NetBank customers will experience difficulty accessing their accounts.


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Older generations missing out on internet savings accounts

Thursday 02 July 2009

Many older Australians are missing out on high-interest savings accounts because they prefer not to bank online.


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