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.

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Highest rate savings accounts

- based on special interest rate on a $10,000 balance
  1. 1.
    5.85%
    ING DIRECT
  2. 2.
    5.75%
    St George
  3. 2.
    5.75%
    RaboPlus
  4. 4.
    5.72%
    UBank
    USaver
  5. 5.
    5.71%
    Citibank
  1. 1.
    6.00%
    BankWest
  2. 2.
    5.85%
    ING DIRECT
  3. 3.
    5.75%
    AMP
  4. 3.
    5.75%
    St George
  5. 3.
    5.75%
    RaboPlus
  1. 1.
    5.75%
    St George
  2. 2.
    5.70%
    Westpac
  3. 3.
    5.50%
    ANZ
  4. 4.
    5.40%
    NAB
    iSaver
  5. 5.
    5.25%
    Commonwealth Bank
 

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

See all savings accounts reviews
articles

Savings account articles

– all the latest savings account info

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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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