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    Savings account reviews

      • ANZ Online Saver

        ANZ Progress Saver

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        ANZ savings account review

        An average product from an average bank

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

        An average product from an average bank. A decent rate, accessiblity is average as you cant access in the actual branch only online. A no frills account       Full review 

        An average product from an average bank. A decent rate, accessiblity is average as you cant access in the actual branch only online. A no frills account


          1. Price
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          1. Convenience
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        ANZ Online Saver savings account review by Kristy from Australian Capital Territory

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      • ANZ Online Saver

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        ING DIRECT savings account review

        I know this is a good one

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

        We sock our savings away until we need them and earn good interest on our money. We know it is there when we need to buy something or pay bills. I is for INTEREST N is for NO WORRY G is for GREAT PEOPLE/BANK       Full review 

        We sock our savings away until we need them and earn good interest on our money. We know it is there when we need to buy something or pay bills. I is for INTEREST N is for NO WORRY G is for GREAT PEOPLE/BANK


          1. Price
          1. Features
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        ING DIRECT Savings Maximiser savings account review by Helen from New South Wales

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      • ANZ Online Saver

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        ING DIRECT savings account review

        Best rates and very accessible customer service

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

        This bank has no fees, even for an unpaid direct debit. Pays ATM fees for withdrawals $200 and above and adds extra 50cents for eftpos withdrawal $200 and above. Customer service is Australian and quite easily accessed 24/7.       Full review 

        This bank has no fees, even for an unpaid direct debit. Pays ATM fees for withdrawals $200 and above and adds extra 50cents for eftpos withdrawal $200 and above. Customer service is Australian and quite easily accessed 24/7.


          1. Price
          1. Features
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        ING DIRECT Savings Maximiser savings account review by Doreen from New South Wales

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    Savings account information

    Choosing the right home for your savings is more important than ever now that interest rates are increasing. Mozo is here to help you find the best savings deals. Our database has the latest interest rates and fees and covers all the main financial institutions, including BankWest savings accounts, ING savings accounts and more.

    You can also read savings account reviews from real customers around Australia to get the inside story on everything from convenience to customer service.

    Savings account comparison

    Whether you’re looking for online savings accounts, cash management accounts or simply the best savings rate on the market, our nifty comparison tools let you quickly filter and compare savings accounts according to the features you want.

    Popular savings accounts include:
    Kids accounts
    Bank savings accounts
    High interest savings accounts

    You can shortlist accounts and compare your selection side-by-side to pick a winner.

    Finding the right savings account

    Before you compare savings accounts, it helps to think about whether you want instant access to your funds, how often you intend to make withdrawals and how much money you will keep in your account month to month.

    Some accounts offer bonus interest rates if you meet certain conditions, like maintaining a minimum monthly balance or not making any withdrawals. If these sorts of conditions sound too restrictive for your needs, look for a savings account that offers a good interest rate without strings attached.

    Work out a savings goal and think about setting up an automatic deduction from your bank account each month to go towards your savings. If you need help in figuring out how much you can save and how long it will take you, try Mozo’s savings calculator. It will instantly show you what your balance will be and how long it will take to achieve your savings goal.

    Savings interest rates

    These days many savings accounts advertise special introductory interest rates, but when you compare savings accounts be sure to check the regular interest rate that applies once the introductory rate expires.

    Some accounts can tempt unwary savers with sky-high introductory rates but leave your savings languishing on a low rate once the introductory offer expires.

    More information on intro rate savings accounts.

    Account features

    Not all accounts offer instant access to your cash. When comparing savings accounts, think about how and when you will want to make withdrawals or transfers.

    Mozo lets you filter and compare savings accounts according to the type of features you want, including ATM and EFTPOS access, debit cards and internet banking.

    This page is all about personal savings accounts - business savings accounts are in our business banking section.

    5

    Highest interest rate

    based on special interest rate on a $5,000 balance

    Highest rated savings accounts- as voted by the Mozo Community (rating out of 10)

    • 9.1

      Greater Building Society savings accounts

      Overall rating: 9.1 (71 reviews)

      Last reviewed: 28 January 2012


      1. Overall customer rating
      1. Price
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    • 8.9

      ING DIRECT savings accounts

      Overall rating: 8.9 (353 reviews)

      Last reviewed: 30 January 2012


      1. Overall customer rating
      1. Price
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    • 8.5

      Newcastle Permanent savings accounts

      Overall rating: 8.5 (57 reviews)

      Last reviewed: 30 January 2012


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    • 8.5

      UBank savings accounts

      Overall rating: 8.5 (142 reviews)

      Last reviewed: 26 January 2012


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      1. Price
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    • 8.4

      Heritage Bank savings accounts

      Overall rating: 8.4 (85 reviews)

      Last reviewed: 18 January 2012


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      1. Price
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