Compare savings accounts
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.
Popular savings accounts
| Standard interest rate | Special rate | Account fee per month | Key features | ||
|---|---|---|---|---|---|
ING DIRECT Savings Maximiser |
4.50% | 5.85% | $0.00 | Variable Welcome Rate of 5.85%p.a. for 4 months from account opening, on balances up to $1 million | Go to site |
RaboPlus PremiumSaver |
4.00% | 5.75% | $0.00 | Apply before 31st March to enter competition to win $5000. | Go to site |
Citibank Online Saver |
4.25% | 5.71% | $0.00 | Variable introductory rate for the first 6 months - 5.71% p.a. | Go to site |
UBank USaver |
5.62% | 5.72% | $0.00 | Standard interest rate of 5.62% p.a. UBank is backed by NAB. | Go to site |
ANZ Online Saver |
4.25% | 5.50% | $0.00 | Open account by 30 March 2010 and get bonus interest rate until 30 June 2010. | 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 |
|
RaboPlus High interest savings |
4.75% | $0.00 | $0.00 | An always high variable interest rate, from Australia's safest bank. | Go to site |
|
ING DIRECT Savings Maximiser |
4.50% | $0.00 | $0.00 | Savings up to $1 million will be guaranteed by the Australian Government for free until 12 October 2011. | Go to site |
Suncorp Everyday Options Sub-account |
4.25% | $0.00 | $0.00 | An everyday transaction account which you can link up to 9 high interest sub accounts, which earn 4.25% p.a. | Go to site |
| Special rate | Conditions | Key features | ||
|---|---|---|---|---|
|
ING DIRECT Savings Maximiser |
5.85% | Bonus rate of 1.35% applies for the first 4 months of account opening. | Variable Welcome Rate of 5.85%p.a. for 4 months from account opening, on balances up to $1 million | Go to site |
|
RaboPlus PremiumSaver |
5.75% | Special rate is a a fixed 1.75% above the variable rate of 4.0%. To receive the special rate, you must grow your balance by $200 by the end of each month. | Apply before 31st March to enter competition to win $5000. | Go to site |
|
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 |
|
Citibank Online Saver |
5.71% | Special rate applies for the first 6 months from opening account. Special rate only applies to your first Online Saver account, any further accounts opened will be subject to the standard variable rate of 4.25%. | Variable introductory rate for the first 6 months - 5.71% p.a. | Go to site |
|
ANZ Online Saver |
5.50% | Special rate is a variable rate of 1.25% above the standard rate of 4.25%. Must apply by 30/03/2010. Special rate applies until 30/06/2010. | Open account by 30 March 2010 and get bonus interest rate until 30 June 2010. | Go to site |
| Account fee per month | Standard interest rate | Special rate | Key features | ||
|---|---|---|---|---|---|
|
ING DIRECT Savings Maximiser |
$0.00 | 4.50% | 5.85% | Variable Welcome Rate of 5.85%p.a. for 4 months from account opening, on balances up to $1 million | Go to site |
|
RaboPlus PremiumSaver |
$0.00 | 4.00% | 5.75% | Apply before 31st March to enter competition to win $5000. | 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 |
|
Citibank Online Saver |
$0.00 | 4.25% | 5.71% | Variable introductory rate for the first 6 months - 5.71% p.a. | Go to site |
|
ANZ Online Saver |
$0.00 | 4.25% | 5.50% | Open account by 30 March 2010 and get bonus interest rate until 30 June 2010. | Go to site |
| Minimum balance | Standard interest rate | Special rate | Key features | ||
|---|---|---|---|---|---|
|
ING DIRECT Savings Maximiser |
$0.00 | 4.50% | 5.85% | Variable Welcome Rate of 5.85%p.a. for 4 months from account opening, on balances up to $1 million | Go to site |
|
RaboPlus PremiumSaver |
$0.00 | 4.00% | 5.75% | Apply before 31st March to enter competition to win $5000. | 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 |
|
Citibank Online Saver |
$0.00 | 4.25% | 5.71% | Variable introductory rate for the first 6 months - 5.71% p.a. | Go to site |
|
ANZ Online Saver |
$0.00 | 4.25% | 5.50% | Open account by 30 March 2010 and get bonus interest rate until 30 June 2010. | Go to site |
Compare all savings accounts
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Highest rate savings accounts
- - based on special interest rate on a $10,000 balance
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
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Best savings account providers
- - as rated by the Mozo community
- Rating
out of 10 - 8.8
- 8.7
- 8.7
- 8.7
- 8.5
Most recent savings account reviews
ING DIRECT savings accounts
-
Overall Rating
8 -
Pricing
8 -
Product Features
8 -
Customer Service
9 -
Convenience
10 -
Trust
9
Great interest, easy to use online banking system and very helpful staff. – Gareth from Queensland, an ING DIRECT savings account customer. Reviewed 6 days ago
RaboPlus savings accounts
-
Overall Rating
9 -
Pricing
10 -
Product Features
10 -
Customer Service
7 -
Convenience
7 -
Trust
10
Their high interest rates say it all. The non-existence of fees really makes this bank one of the best out there. – Patrick from New South Wales, a RaboPlus savings account customer. Reviewed 6 days ago
St George savings accounts
-
Overall Rating
9 -
Pricing
7 -
Product Features
- -
Customer Service
9 -
Convenience
9 -
Trust
9
they have always had my interests as a customer at heart – denise from New South Wales, a St George savings account customer. Reviewed 6 days ago
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Savings account articles
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Savings accounts information
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.
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