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SAVINGS ACCOUNTS

If you're after a high interest savings account you've come to the right place. Mozo compares the market to help you find the best account for your hard earned savings.

  • We compare 174 savings accounts from 69 banks

  • Savings account information on our site is updated daily

  • More than 300,000 people use our site each month

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HSBC

HSBC Serious Saver

  • 4.00% p.a. for 4 months. Conditions apply
  • No monthly account fee
  • Apply online in minutes
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    • ME Bank Online Savings Account with Everyday Transaction Account
      • No account keeping fee
      • No minimum deposit
      • No interest rate penalties for withdrawals
    • special rate

      4.60%(for $0 to $250,000)

      Bonus rate for 5 months on balances up to $250,000 if linked to Everyday Transaction Account

    • standard interest rate

      2.90%(for $0 and over)

    • account fee per month
    • Go to site
    More info
    • HSBC Serious Saver
      • No monthly fees
      • No minimum deposit
      • Apply online in under 10 minutes
    • special rate

      4.00%(for $0 to $1,000,000)

      No withdrawals in the month. Bonus rate for first 4 months, reverting to 2.90% after

    • standard interest rate

      0.00%(for $0 and over)

    • account fee per month
    • Go to site
    More info
    • Bankwest TeleNet Saver
      • 6 month variable intro rate for new customers
      • No minimum monthly deposit
      • No fees
    • special rate

      4.30%(for $0 to $5,000,000)

      bonus rate for 6 months

    • standard interest rate

      2.70%(for $0 and over)

    • account fee per month
    • Go to site
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    More info
    • ANZ Progress Saver
      • Earn up to 3.81% bonus interest when no withdrawals are made
      • No monthly account fee
      • Receive 1 free ANZ withdrawal per month before additional withdrawal fees apply
    • special rate

      3.81%(for $0 and over)

      minimum deposit $10, no withdrawals

    • standard interest rate

      0.01%(for $0 and over)

    • account fee per month
    • Go to site
    More info
    • ANZ Online Saver
      • Exclusive online offer 1.40% p.a. bonus interest for 4 months. Limited time only.
      • No minimum balance
      • Interest calculated daily and paid monthly
    • special rate

      3.90%(for $0 and over)

      Bonus rate for 4 months

    • standard interest rate

      2.50%(for $0 and over)

    • account fee per month
    • Go to site
    More info
    • HSBC Flexi Saver
      • Receive an extra 1.00% p.a. variable monthly bonus. Conditions apply
      • No monthly account fee
      • Open multiple accounts
    • special rate

      3.50%(for $0 to $5,000,000)

      Increase balance by at least $300 in the month

    • standard interest rate

      2.50%(for $0 to $5,000,000)

    • account fee per month
    • Go to site
    More info
  • Savings account reviews

      • St.George savings account review

        Excellent

        1. Overall customer rating
        2. (Reviewed about 20 hours ago)

        I have always found the bank to be courteous, informative and willing to assist in all ways, especially when things were financially difficult.  Full review 

        I have always found the bank to be courteous, informative and willing to assist in all ways, especially when things were financially difficult.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
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        St.George savings account review by a Mozo reviewer from New South Wales

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      • Commonwealth Bank savings account review

        Impressive features and great service

        1. Overall customer rating
        2. (Reviewed about 24 hours ago)

        I have been a Commonwealth customer for the past 20 years and have never encountered any problems or concerns, I find the bank to be supportive and helpful in any situation no matter how small the request may be. Treated with respect at all times ...  Full review 

        I have been a Commonwealth customer for the past 20 years and have never encountered any problems or concerns, I find the bank to be supportive and helpful in any situation no matter how small the request may be. Treated with respect at all times no matter what your financial situation may be. It is a comfort to know what is available to me and know they are looking at ways to help. I have encountered the complete opposite with other financial institutions, I will always remain loyal to the Commonwealth and recommend their loyalty and respect to anyone & everyone I meet.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank NetBank Saver savings account review by a Mozo reviewer from South Australia

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      • Bank of Queensland savings account review

        Great services

        1. Overall customer rating
        2. (Reviewed about 24 hours ago)

        They are in a great position - we can walk from our home in 5 minutes and we have very personal service.  Full review 

        They are in a great position - we can walk from our home in 5 minutes and we have very personal service.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        Bank of Queensland Cash Management savings account review by a Mozo reviewer from Queensland

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    • Savings account information

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

    • Making comparisons

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

      Popular savings accounts include:

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

    • Finding the right 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, high 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 an account that offers a good 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 banks advertise special introductory savings 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.

    • Savings 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 saving - information concerning accounts in our business banking section.

  • Savings account calculators

    Crunch numbers with our handy calculators.
  • Savings account guides

    Save effortlessly with our straightforward guides and catch the best savings rates, high interest accounts and more.

  • Community

    Keep up to date with the latest news or get your savings account questions answered by the money mavens on Mozo Answers.