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    • Compare savings accounts

    • 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 savings rates. Our database has the latest interest rates and fees and covers all the main financial institutions, including BankWest savings accounts, UBank 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 high interest savings rates on the market, our nifty comparison tools let you quickly filter and compare savings accounts according to the features you want.

      Popular savings accounts include:
      Kids accounts
      Bank savings accounts
      High interest savings accounts
      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, 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 a savings 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 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.

      More information on intro rate savings accounts.

    • 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 savings accounts - business savings accounts are in our business banking section.

    Popular savings accounts on MozoRates updated: 26 May 2012

      • Bankwest
        TeleNet Saver
        • LImited Time Offer: Bonus 0.25% p.a. for accounts opened between 11th May and 9th June 2012
        • 24/7 phone and online access to your savings
        • No fees. No minimum balance
      • special rate

        5.65%

        6 month introductory rate

      • standard interest rate

        4.25%


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      • UBank
        USaver
        • No minimum balance. No account fees
        • Savings Bonus over the standard variable rate if you deposit at least $200 per month
      • special rate

        5.51%

        monthly deposit conditions

      • standard interest rate

        4.91%


      • Go to site
      Click for more info
      • ANZ
        Progress Saver
        • Earn bonus interest of up to 5.25% p.a.
        • $0 monthly account service fee
        • Automated transfers from your everyday account
      • special rate

        5.26%

        minimum deposit, no withdrawals

      • standard interest rate

        0.01%


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      • Virgin Money
        Virgin Saver
        • 4.75% p.a. variable ongoing rate
        • No fees whatsoever
        • Interest calculated daily, paid monthly
      • special rate

      • standard interest rate

        4.75%


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    Savings account reviews

      • Commonwealth Bank GoalSaver *

        Commonwealth Bank Cash Investment Account *

        More Commonwealth Bank savings accounts

        * Fees and charges are payable

        Show Rates

        Commonwealth Bank savings account review

        What you see is what you get!

          11. Overall customer rating
          12. (Reviewed 3 days ago)

        A very simple account where all transactions are clearly shown so no hidden surprises! What you see is what you get which is very surprising from a bank. Just beware of your balance if the account is set up to be direct debited as if funds happe...       Full review 

        A very simple account where all transactions are clearly shown so no hidden surprises! What you see is what you get which is very surprising from a bank. Just beware of your balance if the account is set up to be direct debited as if funds happen to fall short, then you get slapped with a $10 fee which isn't so great!


          11. Price
          11. Features
          11. Service
          11. Convenience
          11. Trust
        Less
        Commonwealth Bank savings account review by Cristene from Victoria

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        Yes

      • NAB iSaver *

        NAB Smart Reward Saver *

        More NAB savings accounts

        * Fees and charges are payable

        Show Rates

        NAB savings account review

        I made great return on my money.

          11. Overall customer rating
          12. (Reviewed 4 days ago)

        I found the NAB savings account great for my needs. I made great return on my money, better than a term deposit and enjoyed the flexibility it offered. NAB didn't fine me for using my account whenever I needed it, I was solely in control the whol...       Full review 

        I found the NAB savings account great for my needs. I made great return on my money, better than a term deposit and enjoyed the flexibility it offered. NAB didn't fine me for using my account whenever I needed it, I was solely in control the whole time. I have now taken a home loan out with them as well.


          11. Price
          11. Features
          11. Service
          11. Convenience
          11. Trust
        Less
        NAB savings account review by Kellie from Western Australia

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        Yes

      • Police & Nurses Mutual Banking CashSaver Account *

        Police & Nurses Mutual Banking SwiftSaver Account *

        More Police & Nurses Mutual Banking savings accounts

        * Fees and charges are payable

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        Police & Nurses Mutual Banking savings account review

        The Best with the Most!

          11. Overall customer rating
          12. (Reviewed 4 days ago)

        Police and Nurses Credit Union provides personalised, individualised service to its members. Living remotely, I have been able to change to saving plans that best benefit me and my family. Customer service has always been second to none, every tim...       Full review 

        Police and Nurses Credit Union provides personalised, individualised service to its members. Living remotely, I have been able to change to saving plans that best benefit me and my family. Customer service has always been second to none, every time I have had to call to have questions answered. The online banking is easy to use, and telephone banking system also makes it easy for all transactions needed without having a branch in immediate vicinity.


          11. Price
          11. Features
          11. Service
          11. Convenience
          11. Trust
        Less
        Police & Nurses Mutual Banking savings account review by Kristi from

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    5

    Highest interest rate

    based on special interest rate on a $5,000 balance

    Highest rated savings accounts- as voted by the Mozo Community (rating out of 10)

    • 9.2

      Greater Building Society savings accounts

      Overall rating: 9.2 (65 reviews)*

      Last reviewed: 20 April 2012


      11. Overall customer rating
      11. Price
      11. Features
      11. Service
      11. Convenience
      11. Trust

      * based on reviews in the past 12 months

      Greater Building Society savings accounts
    • 8.8

      ING DIRECT savings accounts

      Overall rating: 8.8 (320 reviews)*

      Last reviewed: 18 May 2012


      11. Overall customer rating
      11. Price
      11. Features
      11. Service
      11. Convenience
      11. Trust

      * based on reviews in the past 12 months

      ING DIRECT savings accounts
    • 8.6

      Police & Nurses Mutual Banking savings accounts

      Overall rating: 8.6 (35 reviews)*

      Last reviewed: 19 May 2012


      11. Overall customer rating
      11. Price
      11. Features
      11. Service
      11. Convenience
      11. Trust

      * based on reviews in the past 12 months

      Police & Nurses Mutual Banking savings accounts
    • 8.6

      Newcastle Permanent savings accounts

      Overall rating: 8.6 (58 reviews)*

      Last reviewed: 22 April 2012


      11. Overall customer rating
      11. Price
      11. Features
      11. Service
      11. Convenience
      11. Trust

      * based on reviews in the past 12 months

      Newcastle Permanent savings accounts
    • 8.5

      UBank savings accounts

      Overall rating: 8.5 (144 reviews)*

      Last reviewed: 19 May 2012


      11. Overall customer rating
      11. Price
      11. Features
      11. Service
      11. Convenience
      11. Trust

      * based on reviews in the past 12 months

      UBank savings accounts

    UBank
    Online Savings Account

    UBank USaver

    • Savings Bonus over the standard variable rate if you deposit at least $200 per month
    • No minimum balance
    • No account fees
    Go to site

    Savings account calculators

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    Savings account articles

    Savings account guides

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