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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...

Choosing the right home for your savings is more important than ever now that interest rates are falling. 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.

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.

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.

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.

	Standard interest rate	Special rate	Account fee per month	Key features
UBank USaver	5.62%	5.72%	$0.00	Standard interest rate of 5.62% p.a. UBank is backed by NAB.	Go to site
St George Direct Saver	3.95%	5.50%	$0.00	Promotional rate if apply before 28 February 2010.	Go to site
ANZ Online Saver	4.00%	5.25%	$0.00	Open account by 1 March 2010 and get bonus interest rate until 30 May 2010.	Go to site
NAB iSaver	3.50%	5.15%	$0.00	Unlimited withdrawals without sacrificing bonus interest. Bonus rate is fixed for 4 months.	Go to site
ING DIRECT Savings Maximiser	4.25%		$0.00	ING DIRECT's Savings Maximiser has a consistently high base rate for long term returns.	Go to site

	Standard interest rate	Account fee per month	Minimum balance	Key features
UBank USaver	5.62%	$0.00	$0.00	Standard interest rate of 5.62% p.a. UBank is backed by NAB.	Go to site
ING DIRECT Savings Maximiser	4.25%	$0.00	$0.00	ING DIRECT's Savings Maximiser has a consistently high base rate for long term returns.	Go to site
ANZ Online Saver	4.00%	$0.00	$0.00	Open account by 1 March 2010 and get bonus interest rate until 30 May 2010.	Go to site

	Special rate	Conditions	Key features
UBank USaver	5.72%	Must set up an automatic savings plan of $100 or more. Special rate will apply in the months following the first.	UBank is backed by NAB.	Go to site
St George Direct Saver	5.50%	Special rate is a fixed 1.55% above the standard rate of 3.95%, for the first 4 months. Must open account before 28/02/2010.	Promotional rate if apply before 28 February 2010.	Go to site
ANZ Online Saver	5.25%	Special rate is a variable rate of 1.25% above the standard rate of 4.00%. Must apply by 01/03/2010. Special rate applies until 30/05/2010.	Open account by 1 March 2010 and get bonus interest rate until 30 May 2010.	Go to site
NAB iSaver	5.15%	Special rate is a fixed 1.65% pa over the standard variable rate, for 4 months from account opening. You must open the account on or before 13/04/2010.	Unlimited withdrawals without sacrificing bonus interest. Bonus rate is fixed for 4 months.	Go to site

	Account fee per month	Standard interest rate	Special rate	Key features
UBank USaver	$0.00	5.62%	5.72%	Standard interest rate of 5.62% p.a. UBank is backed by NAB.	Go to site
St George Direct Saver	$0.00	3.95%	5.50%	Promotional rate if apply before 28 February 2010.	Go to site
ANZ Online Saver	$0.00	4.00%	5.25%	Open account by 1 March 2010 and get bonus interest rate until 30 May 2010.	Go to site
NAB iSaver	$0.00	3.50%	5.15%	Unlimited withdrawals without sacrificing bonus interest. Bonus rate is fixed for 4 months.	Go to site
ING DIRECT Savings Maximiser	$0.00	4.25%		ING DIRECT's Savings Maximiser has a consistently high base rate for long term returns.	Go to site

	Minimum balance	Standard interest rate	Special rate	Key features
ANZ Online Saver	$0.00	4.00%	5.25%	Open account by 1 March 2010 and get bonus interest rate until 30 May 2010.	Go to site
UBank USaver	$0.00	5.62%	5.72%	Standard interest rate of 5.62% p.a. UBank is backed by NAB.	Go to site
St George Direct Saver	$0.00	3.95%	5.50%	Promotional rate if apply before 28 February 2010.	Go to site
NAB iSaver	$0.00	3.50%	5.15%	Unlimited withdrawals without sacrificing bonus interest. Bonus rate is fixed for 4 months.	Go to site
ING DIRECT Savings Maximiser	$0.00	4.25%		ING DIRECT's Savings Maximiser has a consistently high base rate for long term returns.	Go to site

	Standard interest rate	Special rate	Account fee per month	Key features
Suncorp eOptions	4.00%		$0.00	With flexiRates, can fix a set amount at a higher rate, for a period of time	Go to site
St George Power Saver	2.50%	5.25%	$0.00	Receive regular SMS and Email Alerts for withdrawals, deposits and balances	Go to site

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: Highest rate savings accounts; - based on special interest rate on a $10,000 balance

ready to go
whole market
big banks

Go to site
1.
5.72%
UBank
– USaver
Go to site
2.
5.50%
St George
– Direct Saver
Go to site
3.
5.25%
ANZ
– Online Saver
Go to site
3.
5.25%
St George
– Power Saver
Go to site
5.
5.15%
NAB
– iSaver

1.
6.00%
BankWest
– Regular Saver
Go to site
2.
5.72%
UBank
– USaver
3.
5.62%
BankWest
– TeleNet Saver
4.
5.51%
BankWest
– Smart eSaver
5.
5.50%
IMB
– Reward Saver Account

Go to site
1.
5.50%
St George
– Direct Saver
2.
5.45%
Westpac
– Reward Saver
3.
5.25%
Commonwealth Bank
– NetBank Saver
Go to site
3.
5.25%
ANZ
– Online Saver
Go to site
5.
5.15%
NAB
– iSaver

Special offers

Featured savings account review

ANZ savings accounts

Overall rating: 7 / 10

I like my ANZ savings account for the ‘all-in-one’ convenience. Also they have a lot of branches and ATMS for easy everyday banking. However, the service can be very inconsistent across branches and they aren’t very knowledgeable at times either. They also occasionally have technical problems which create a lot of inconvenience.

– Catarina from Victoria

Search our savings account reviews
Review your bank

: Best savings account providers; - as rated by the Mozo community

Rating
out of 10
1. UBank savings accounts
– 48 reviews

8.7
2. RaboPlus savings accounts
– 121 reviews

8.7
3. Newcastle Permanent savings accounts
– 33 reviews

8.6
4. ING DIRECT savings accounts
– 444 reviews

8.5
5. Heritage Building Society savings accounts
– 47 reviews

8.2

Most recent savings account reviews

SmartyPig savings accounts

Overall Rating
0
Pricing
2
Product Features
0
Customer Service
0
Convenience
0
Trust
0

rate isnt so good and service is nonexistent. not sure why this exists actually... – Robert from New South Wales, a SmartyPig savings account customer. Reviewed 1 day ago

HSBC savings accounts

Overall Rating
8
Pricing
10
Product Features
8
Customer Service
6
Convenience
7
Trust
8

Online savings account is great, no account keeping fees and no fees for eftpos transactions. You can use HSBC or Westpac ATMs without fees. – Brad from Northern Territory, a HSBC savings account customer. Reviewed 10 days ago

St George savings accounts

Overall Rating
10
Pricing
9
Product Features
9
Customer Service
10
Convenience
10
Trust
10

I'd never really thought about St George for savings accounts but from now I'll go there first. Talking to the branch staff got me an even better deal than what was advertised. – Renee from New South Wales, a St George savings account customer. Reviewed 13 days ago

See all savings accounts reviews

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Savings calculator
This nifty savings calculator shows you how much you could accumulate with regular contributions to a high interest savings account.