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Savings account reviews

Read the latest savings account reviews from the Mozo community. Thousands of Australians have reviewed their savings institution to give you the inside story on everything from interest rates to convenience.

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Recent savings account reviews

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ANZ

ANZ Progress Saver Savings Account review

Overall rating   9 / 10

Very easy

ANZ is a very good bank that meets all my needs. This includes easy access, good customer service, nice and helpful staff and very trustworthy. I would definitely recommend ANZ to family and friends.

Full review

ANZ is a very good bank that meets all my needs. This includes easy access, good customer service, nice and helpful staff and very trustworthy. I would definitely recommend ANZ to family and friends.

    Price   10 / 10

    Features   10 / 10

    Customer service   7 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Bianca, Queensland, reviewed 4 months ago

ANZ

ANZ Progress Saver Savings Account review

Overall rating   9 / 10

Great

ANZ is a great bank. I have been with ANZ bank for a long time now.

Full review

ANZ is a great bank. I have been with ANZ bank for a long time now.

    Price   7 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

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Paul, Victoria, reviewed 6 months ago

NAB

NAB Reward Saver Savings Account review

Overall rating   10 / 10

Good

Good savings account.

Full review

Good savings account.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Ejder, New South Wales, reviewed 6 months ago

Commonwealth Bank

Commonwealth Bank Savings Account review

Overall rating   8 / 10

Decent

Streamline account is good for a savings account.

Full review

Streamline account is good for a savings account.

    Price   6 / 10

    Customer service   4 / 10

    Convenience   5 / 10

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Michelle, Victoria, reviewed 6 months ago

Bank Australia

Bank Australia Savings Account review

Overall rating   8 / 10

Good

Pretty good. Need branches in states such as the Northern Territory.

Full review

Pretty good. Need branches in states such as the Northern Territory.

    Price   5 / 10

    Features   2 / 10

    Customer service   7 / 10

    Convenience   9 / 10

    Trust   8 / 10

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Brooke, Victoria, reviewed 6 months ago

Bank Australia

Bank Australia Savings Account review

Overall rating   8 / 10

Good

They're a trustworthy bank. Only issue is there are no branches in some states of Australia like Northern Territory.

Full review

They're a trustworthy bank. Only issue is there are no branches in some states of Australia like Northern Territory.

    Price   7 / 10

    Features   2 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   8 / 10

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Brooke, Victoria, reviewed 6 months ago

Westpac

Westpac eSaver Savings Account review

Overall rating   7 / 10

Very helpful

It is a good savings account.

Full review

It is a good savings account.

    Price   0 / 10

    Features   0 / 10

    Customer service   5 / 10

    Convenience   10 / 10

    Trust   7 / 10

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Jamie, Queensland, reviewed 6 months ago

Commonwealth Bank

Commonwealth Bank Savings Account review

Overall rating   10 / 10

Good savings account

I love my bank its the best bank.

Full review

I love my bank its the best bank.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Robert, Queensland, reviewed 6 months ago

St.George

St.George Savings Account review

Overall rating   10 / 10

Great bank, great team!

The staff are St George Bank are a wonderful team to deal with. They are friendly, professional, knowledgable, helpful and understanding.

Full review

The staff are St George Bank are a wonderful team to deal with. They are friendly, professional, knowledgable, helpful and understanding.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Lois, New South Wales, reviewed 6 months ago

Commonwealth Bank

Commonwealth Bank GoalSaver Savings Account review

Overall rating   9 / 10

Awesome

Great success using this savings account.

Full review

Great success using this savings account.

    Price   3 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   9 / 10

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Kelly, Tasmania, reviewed 7 months ago

Westpac

Westpac Life Savings Account review

Overall rating   7 / 10

Great service

Good bank.

Full review

Good bank.

    Price   10 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   6 / 10

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Melissa, Queensland, reviewed 7 months ago

Commonwealth Bank

Commonwealth Bank NetBank Saver Savings Account review

Overall rating   10 / 10

Simplicity at hand

I love it. I wouldn't dream of changing banks.

Full review

I love it. I wouldn't dream of changing banks.

    Price   7 / 10

    Features   4 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

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Joshua, South Australia, reviewed 7 months ago

ANZ

ANZ Online Saver Savings Account review

Overall rating   9 / 10

Very happy with my choice

Everything was explained clearly and easy to understand.

Full review

Everything was explained clearly and easy to understand.

    Price   6 / 10

    Features   4 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   7 / 10

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Barbra, Queensland, reviewed 7 months ago

ANZ

ANZ Savings Account review

Overall rating   8 / 10

ANZ is my choice to bank with.

Have been a happy customer of ANZ bank for many of years. I find the staff always friendly and eager to help. I will remain a happy ANZ banker.

Full review

Have been a happy customer of ANZ bank for many of years. I find the staff always friendly and eager to help. I will remain a happy ANZ banker.

    Features   5 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   9 / 10

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Rachel, Victoria, reviewed 7 months ago

Westpac

Westpac Life Savings Account review

Overall rating   6 / 10

Communication could be better

Westpac was a great bank a few years ago, but the last 2 years they have gotten worse. Money goes missing out of accounts, you have to wait for 48 hours to find where it's gone. They should be able to look on their computers, and see where it's...

Full review

Westpac was a great bank a few years ago, but the last 2 years they have gotten worse. Money goes missing out of accounts, you have to wait for 48 hours to find where it's gone. They should be able to look on their computers, and see where it's gone. Makes no sense.

    Price   2 / 10

    Features   4 / 10

    Customer service   3 / 10

    Convenience   5 / 10

    Trust   4 / 10

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Michelle, Western Australia, reviewed 7 months ago

Southern Cross Credit Union

Southern Cross Credit Union Dream Saver Savings Account review

Overall rating   10 / 10

Awesome

The staff are all very kind and helpful people who will always solve any problems that you have with the account no matter how hard it is. It's just an overall awesome bank!

Full review

The staff are all very kind and helpful people who will always solve any problems that you have with the account no matter how hard it is. It's just an overall awesome bank!

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Kim, New South Wales, reviewed 7 months ago

People's Choice Credit Union

People's Choice Credit Union Online Saver Savings Account review

Overall rating   10 / 10

Amazing

I have banked with Credit Union for 4 years now and I couldn't be happier!

Full review

I have banked with Credit Union for 4 years now and I couldn't be happier!

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Leanna, South Australia, reviewed 7 months ago

ANZ

ANZ Savings Account review

Overall rating   6 / 10

It’s great

It’s useful and helpful. Very good.

Full review

It’s useful and helpful. Very good.

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Lily, Victoria, reviewed 7 months ago

Commonwealth Bank

Commonwealth Bank Savings Account review

Overall rating   8 / 10

Will never change

I love my bank.

Full review

I love my bank.

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Kim, Queensland, reviewed 7 months ago

Commonwealth Bank

Commonwealth Bank NetBank Saver Savings Account review

Overall rating   10 / 10

Great

CommBank is wonderful.

Full review

CommBank is wonderful.

    Price   10 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   10 / 10

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Tania, Victoria, reviewed 7 months ago

Bendigo Bank

Bendigo Bank Savings Account review

Overall rating   9 / 10

Good, trustworthy bank

The staff are nice and friendly, helping me with everything.

Full review

The staff are nice and friendly, helping me with everything.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   9 / 10

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Troy, Western Australia, reviewed 7 months ago

ANZ

ANZ Savings Account review

Overall rating   5 / 10

Easy to use internet banking

The bank offers everything you need and customers are always served on time. I have 8 accounts with ANZ and have found that there online banking is easy to navigate and the choices they provide makes it feel like you have maximum freedom with...

Full review

The bank offers everything you need and customers are always served on time. I have 8 accounts with ANZ and have found that there online banking is easy to navigate and the choices they provide makes it feel like you have maximum freedom with your account. Progress saver accounts are great if you like to save but they also have an everyday transaction account if you access your funds regularly.

    Price   3 / 10

    Features   5 / 10

    Customer service   5 / 10

    Convenience   9 / 10

    Trust   5 / 10

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Emmy, Western Australia, reviewed 8 months ago

Bankwest

Bankwest Savings Account review

Overall rating   6 / 10

Ok

Service is great but its not really convenient due to lack of branches and ATMs.

Full review

Service is great but its not really convenient due to lack of branches and ATMs.

    Customer service   8 / 10

    Convenience   2 / 10

    Trust   4 / 10

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Jeffrey, Western Australia, reviewed 8 months ago

Commonwealth Bank

Commonwealth Bank NetBank Saver Savings Account review

Overall rating   6 / 10

All good

All good. Savings rates needs to be higher but thats about it.

Full review

All good. Savings rates needs to be higher but thats about it.

    Price   10 / 10

    Features   6 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Marilyn, New South Wales, reviewed 8 months ago

Bank of Melbourne

Bank of Melbourne Incentive Saver Account Savings Account review

Overall rating   8 / 10

Excellent

Westpac is a reliable bank. They have very good security and very good online service.

Full review

Westpac is a reliable bank. They have very good security and very good online service.

    Price   8 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

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Mary anne, Queensland, reviewed 8 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Savings account comparisons on Mozo - rates updated daily

  • Bankwest Hero Saver

    Bankwest Hero Saver

    • No account keeping fees
    • No transaction fees
    • 100% secure application process

    special rate*

    2.35% p.a. (for $0 to $250,000)

    Minimum deposit of $200 excluding interest and no withdrawals in the month

    standard interest rate

    0.01% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    Go to site

    More info

    • No account keeping fees
    • No transaction fees
    • 100% secure application process
    • Special rate conditions: Minimum deposit of $200 excluding interest and no withdrawals in the month
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.0

    Based on 1352 Bankwest savings account reviews

    Need more information?
    Go to site

    More info

  • ING Savings Maximiser

    ING Savings Maximiser

    • No ING fees
    • Great variable rate every month, no matter how many times you withdraw
    • Anytime, anywhere banking with mobile app and 24/7 Australian call centre

    special rate*

    2.30% p.a. (for $0 to $100,000)

    For customers who have an Orange Everyday and deposit at least $1,000 from an external bank account and make at least 5 card purchases using your ING debit card each month

    standard interest rate

    0.50% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • No ING fees
    • Great variable rate every month, no matter how many times you withdraw
    • Anytime, anywhere banking with mobile app and 24/7 Australian call centre
    • Special rate conditions: For customers who have an Orange Everyday and deposit at least $1,000 from an external bank account and make at least 5 card purchases using your ING debit card each month
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    8.9

    Based on 1934 ING savings account reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2019

    AMP Saver Account

    AMP Saver Account

    • Competitive interest rates, calculated daily and paid monthly
    • A bonus interest rate of 0.90% per annum for the first 4 months and the first $250,000 deposited
    • No Monthly fees

    special rate*

    2.75% p.a. (for $0 to $250,000)

    Bonus rate for the first 4 months from account opening on the first $250,000 deposited. For new Saver customers only.

    standard interest rate

    1.65% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    Go to site

    More info

    • Competitive interest rates, calculated daily and paid monthly
    • A bonus interest rate of 0.90% per annum for the first 4 months and the first $250,000 deposited
    • No Monthly fees
    • Special rate conditions: Bonus rate for the first 4 months from account opening on the first $250,000 deposited. For new Saver customers only.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.3

    Based on 72 AMP savings account reviews

    Need more information?
    Go to site

    More info

  • HSBC Serious Saver

    HSBC Serious Saver

    • No monthly fees
    • No minimum deposit
    • Apply online in under 10 minutes

    special rate*

    2.85% p.a. (for $0 to $1,000,000)

    No withdrawals in the month. Bonus rate for first 4 months, reverting to 0.95% bonus rate after

    standard interest rate

    0% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • No monthly fees
    • No minimum deposit
    • Apply online in under 10 minutes
    • Special rate conditions: No withdrawals in the month. Bonus rate for first 4 months, reverting to 0.95% bonus rate after
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.5

    Based on 320 HSBC savings account reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2019

    UBank USaver with Ultra Transaction Account

    UBank USaver with Ultra Transaction Account

    • Bonus interest. Conditions apply
    • Visa Debit Card with Visa PayWave
    • No monthly account keeping fees

    special rate*

    2.41% p.a. (for $0 to $200,000)

    Bonus interest only applies on funds held in linked USaver account if $200 deposited into either account in the month from an external source.

    standard interest rate

    1.35% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    Go to site

    More info

    • Bonus interest. Conditions apply
    • Visa Debit Card with Visa PayWave
    • No monthly account keeping fees
    • Special rate conditions: Bonus interest only applies on funds held in linked USaver account if $200 deposited into either account in the previous month from an external source and the combined balance is less than $200,000.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.5

    Based on 670 UBank savings account reviews

    Need more information?
    Go to site

    More info

Want more? Compare all 230 savings accounts in the Mozo comparison engine.

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peoples choice award

People's Choice Award 2019

Mozo presents the People’s Choice Awards, based on real customer reviews.

Check out the winners
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About Mozo Reviews

Mozo gives you the inside story on the best banking and insurance products as rated by thousands of real customers around Australia.

We don't make subjective judgments, nor do advertisers influence our ratings.

Although our reviews may be moderated to improve quality standards, they are moderated independently of any of Mozo’s commercial relationships.

 
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