Online savings accounts

Online savings accounts can be found here. Find more savings accounts by visiting our compare savings accounts page.

With such a variety of savings accounts on the market right now, it’s a tough call to pick the best one. Mozo provides you with all the savings accounts information you need to make the right choice and nab a great deal. Find and compare online savings accounts with Mozo.

Online savings accounts are ideal for those who love the convenience of managing their money online and don’t require branch access. Many savvy savers prefer online savings accounts because they offer high interest rates and low fees. Find online savings accounts here with Mozo.

Top 5 online savings accounts
Provider Product Interest Rate Special Rate Conditions
one direct High Interest Saver 3.75% 4.50% Special Rate is a fixed 0.75% above the standard variable rate and applies until 30/11/09. Add to shortlist What next?
ANZ Online Saver 3.50% 4.25% Special rate is a fixed 0.75% above the Standard Variable Rate and applies until 15/12/09. Account must be opened by 15/08/09. Add to shortlist Apply now
BankWest TeleNet Saver 3.15% 3.95% Special rate is variable and applies for 12 months from account opening. Add to shortlist What next?
ING DIRECT Savings Accelerator 3.00% 0.00% Add to shortlist What next?
BankWest Smart eSaver 3.00% 4.75% Special rate is variable and applies for each month you make no withdrawals. Add to shortlist What next?

What next?

Most recent savings account reviews

Commonwealth Bank savings accounts

  • Overall Rating

    5

  • Pricing

    1

  • Product Features

    1

  • Customer Service

    4

  • Convenience

    8

  • Trust

    8

The withdrawal fees on CBA's savings accounts are too excessive. – Danielle from Victoria   Reviewed about 22 hours ago

Westpac savings accounts

  • Overall Rating

    6

  • Pricing

    6

  • Product Features

    3

  • Customer Service

    7

  • Convenience

    5

  • Trust

    7

I like the convenience and flexibility of Westpac's savings accounts. I dislike the low interest rates and high fees. They should make contacting your bank by phone less complicated with multiple selections required on phone pad to talk to someone. – Jarrod from Victoria   Reviewed about 22 hours ago

one direct savings accounts

  • Overall Rating

    3

  • Pricing

    1

  • Product Features

    0

  • Customer Service

    6

  • Convenience

    1

  • Trust

    8

What a difference a week can make. Last week I was espousing the values of the AMP First account. This week I've switched my allegiance. In a rapidly changing climate one must really do their homework and be continually checking each bank's web site looking for changes to the rates. In one week 3 notable changes have occurred to some of the banks I deal with. The Commonwealth Bank's 1.25% bonus rate ended on June 30 and surprise surprise, they decided to introduce a new bonus rate of 1% until the end of December. A nice surprise I must say. On the other hand OneDirect decided to gamble on their existing customer's apathy and reduced their standard rate from 4% to 3.75% while offering 'NEW' customers a bonus of 0.75% till Nov 30. Needless to say I fired off a stern email to them about this. To their credit they did write back offering to give me this bonus rate if I chose to bring my money back to them. A tempting thought but alas for them another contender has increased their rate from 4.1% to 4.55% from July 1st. Now in an effort to discourage apathy I feel its my duty to refrain from mentioning this other bank, thus encouraging people to become more active in their search for a better deal. I've noticed its not been listed in the top 5 but it is on the list of the banks you can choose to write about. My other reason of course is based on my opinion that these banks seem to only offer a better rate while they're chasing customers. It seems that once they fill their quota the rate drops and I find myself once again marching my money into yet another temporary 'better' rate. Cheers all! – Chris from Western Australia   Reviewed about 23 hours ago

Commonwealth Bank savings accounts

  • Overall Rating

    6

  • Pricing

    5

  • Product Features

    5

  • Customer Service

    5

  • Convenience

    2

  • Trust

    5

The good thing about Commonwealth Bank is that they have many branch locations. – marianne from Queensland   Reviewed about 24 hours ago

ING DIRECT savings accounts

  • Overall Rating

    9

  • Pricing

    9

  • Product Features

    6

  • Customer Service

    -

  • Convenience

    5

  • Trust

    9

I like the fact that they aren't ripping me off like other banks. They often raise the interest rate, and give extra % as an incentive to save. The only thing I don't like is that they are totally on the internet and do not have branches. – Peta from New South Wales   Reviewed about 24 hours ago

See all savings accounts reviews

Other Online savings accounts