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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
p.a. For 4 months from account opening for new customers, on balances up to $250,000.
minimum deposit $50, no withdrawals, plus bonus 0.75% for 4 months
bonus rate for 4 months
minimum one deposit, no withdrawals
minimum deposit $100, no withdrawals
Great ban with good customer service and rates
NAB gives you the freedom to bank hassle-free and gives you the best negotiations. Full review
NAB gives you the freedom to bank hassle-free and gives you the best negotiations.
Excellent customer service
When I signed up with this bank I lived in a suburb that had a sub branch at the newsagency and there was one close to work. The sub branches closed and there is only one other place access to the branch which is 45 minutes drive away - extremely ... Full review
When I signed up with this bank I lived in a suburb that had a sub branch at the newsagency and there was one close to work. The sub branches closed and there is only one other place access to the branch which is 45 minutes drive away - extremely inconvenient. Nevertheless, the product and customer service was great.
The best modern day working/savings accounts ever!
I've been with this bank for almost two years and overall I've had the best customer service experience, second to none ever. With a BW's TeleNet Savings a/c 'TNS', linked to BW's Zero transaction a/c '0', I've got more than any other financial in... Full review
I've been with this bank for almost two years and overall I've had the best customer service experience, second to none ever. With a BW's TeleNet Savings a/c 'TNS', linked to BW's Zero transaction a/c '0', I've got more than any other financial institute has ever given me in useful day to day benefits ever before and I struggled for years to find just such a product. The 'TNS' account pays generally above market interest per month which is an excellent way to begin savings which can later be transferred or linked to any banks higher % more saving incentive type a/cs. I've got a no charge - cheque book, Debit Mastercard, ATM card, even an overdraft for those one-off unexpected expenses without fees - I'd love to see if there's any other business out there that can match them apples and oranges. No way! What a setup!! Wait there...I've never been penalised when I've taken the minimum monthly deposit of $2000.00 out immediately and transferred it to another institution's a/c because of the flexible no-fee option to link any existing external financial institutes' account without penalty. If I had an unexpected expense come in such as a forgotten direct debit or private ATM withdrawal that I used a day before debiting my account outside real time, the bank has generally not penalised me and given me the opportunity to bank the funds after securely notifying me immediately via SMS. 'BW' have always been negotiable if ever I disputed a standard fee clearly in the PD or Fee Statements booklets (customers need to read) where the circumstance of 'real time' was at fault or non-cleared funds to cover any cheque payments but that occurs with every institute. When I need to go into the branch - about once/twice a fortnight it's after most banks are closed at 4pm or on Saturday or Sundays which is a big plus and branches are generally in decentralised areas of all cities. However the 24/7 internet and phone banking should cover that base. Fair's fair....you can't ever be disappointed with these two products.
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.
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.
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.
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.
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.