How to kickstart your savings goals in 2025

By Mozo Editorial · · 2 min read
Fact Checked
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Kicking goals Australia

The beginning of the new year is an ideal time to set fresh financial goals. Whether you’re saving for a relaxing getaway, a new car, or just want to build a solid emergency fund, 2025 could be your year to make some serious money moves. Here’s how to get started:

1. Set clear, achievable goals

Start by defining what you’re saving for and how much you’ll need. Be specific with your goals to give yourself a clear target to aim for. For example, instead of saying “I want to save money,” say “I want to save $8,000 for a European holiday by December 2025.” Breaking down your goals into smaller, manageable steps can make them seem less daunting and more achievable. Consider setting short-term milestones to track your progress and stay motivated. Try Mozo’s savings goal calculator.

2. Create a realistic budget

A well-thought-out budget is the backbone of any successful savings plan. List your income and expenses, and identify areas where you can cut back. For example, you might find that you’re spending more than you realised on meal delivery or streaming services. Use budgeting apps or tools to track your spending and stay on top of your financial habits. Regularly review and adjust your budget as your circumstances change to ensure it's effective. Try Mozo’s handy budget calculator.

3. Automate your savings

Make saving effortless by setting up automatic transfers from your everyday account to a dedicated savings account. This way, a portion of your income goes directly into savings before you have a chance to spend it. Automating your savings can help you build a consistent habit without needing to remember to transfer money manually each month. Consider aligning these transfers with your payday to ensure you’re saving before any discretionary spending takes place.

4. Find ways to boost your income

Consider side gigs, freelancing, or selling unused items to generate extra cash. The more you can boost your income, the faster you can reach your savings goals. Look for opportunities that align with your skills and interests, such as tutoring, writing, or offering services like dog walking or house cleaning. Even a few extra hours of work a week can make a significant difference over time.

5. Take advantage of savings tools

Explore high-interest savings accounts, term deposits and budgeting and savings apps to help grow your nest egg. These tools can offer better returns compared to a regular bank account. High-interest accounts can compound your savings, while term deposits can provide higher interest rates in exchange for locking your money away for a set period. Budgeting and savings apps allow you to put away small amounts regularly, potentially yielding higher returns in the long term.

6. Stay motivated

Keep your savings goals front and centre by visualising and calling out your progress. Create a spreadsheet, set reminders, or celebrate small milestones to keep yourself motivated and on track. Seeing how far you’ve come can be a powerful incentive to keep going. Share your goals with friends or family who can offer support and encouragement. Remember to review and reflect on your goals regularly to stay focused and make any necessary adjustments.

By following these steps, you can kickstart your savings journey and make 2025 a year of financial success. Remember, the key is to stay committed and adaptable as you work towards your goals.

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Last updated 15 January 2026 Important disclosures

  • High Interest Savings Account

    Maximum rate
    5.10 % p.a.
    (for $0 to $250,001)
    Bonus rate for the first 4 months from account opening
    Standard rate
    3.45 % p.a.
    (for $0 to $250,001)
    No Partner link

  • High Interest Save Account

    Maximum rate
    5.10 % p.a.
    (for $0 to $1,000,000)
    Welcome bonus rate for new customers for the first 4 months. Reverts to 4.35% bonus rate. Grow your balance by at least $1 per month, payable on total savings up to $1,000,000.
    Standard rate
    0.00 % p.a.
    (for $0 and over)
    No Partner link

  • Savings Accelerator

    Maximum rate
    5.00 % p.a.
    (for $150,000 to $500,000)
    New customers who open an account after June 9 2025 receive an introductory bonus 1.05% p.a. variable kick starter rate for the first 4 months on balances up to $500,000.
    Standard rate
    2.10 % p.a.
    (for $0 to $50,000)
    No Partner link

  • Life - 18-34 years old

    Maximum rate
    5.00 % p.a.
    (for $0 to $30,000)
    Make 20 eligible card purchases per month with a linked Westpac Choice account, make one eligible deposit and grow the balance each month. Account balance must not fall below $0.
    Standard rate
    0.10 % p.a.
    (for $0 and over)
    No Partner link

  • Future Saver Account - 14 to 35 years

    Maximum rate
    4.85 % p.a.
    (for $0 to $50,000)
    Transfer a minimum of $1,000 into your linked Everyday Account and make 5 eligible transactions. Bonus interest criteria waived for account holders 14-17 years of age.
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    No Partner link

  • Easy Saver

    Maximum rate
    4.80 % p.a.
    (for $0 to $250,001)
    Bonus variable intro rate for the first 4 months
    Standard rate
    4.00 % p.a.
    (for $0 to $250,001)
    No Partner link

  • Growth Saver

    Maximum rate
    4.75 % p.a.
    (for $0 to $25,000)
    Minimum deposit of $200 and no withdrawals in the month
    Standard rate
    0.10 % p.a.
    (for $0 and over)
    No Partner link

  • Savings Maximiser

    Maximum rate
    4.75 % p.a.
    (for $0 to $100,000)
    Deposit $1,000 into a personal ING account, make 5 eligible transactions with a linked Orange Everyday account and grow the balance each month.
    Standard rate
    0.01 % p.a.
    (for $0 and over)
    No Partner link

  • Reward Saver Kick Start Account - Up to 30 years old

    Maximum rate
    4.75 % p.a.
    (for $5,000 to $100,000)
    Minimum deposit of $20 and no withdrawals in the month.
    Standard rate
    0.00 % p.a.
    (for $0 and over)
    No Partner link

  • Bonus Saver

    Maximum rate
    4.75 % p.a.
    (for $0 to $100,000)
    3 month intro bonus rate of 0.40%. Minimum deposit of $100 and no withdrawals in the month.
    Standard rate
    0.00 % p.a.
    (for $0 to $0)
    No Partner link

  • PremiumSaver

    Maximum rate
    4.65 % p.a.
    (for $0 to $250,001)
    Increase balance by $200 by the end of each month
    Standard rate
    0.60 % p.a.
    (for $0 and over)
    No Partner link

  • Boss Saver

    Maximum rate
    4.65 % p.a.
    (for $0 to $100,001)
    Minimum $500 deposited into linked transaction account, and 5 Visa Card transactions from that account
    Standard rate
    0.20 % p.a.
    (for $0 and over)
    No Partner link

  • Savvy Saver Account

    Maximum rate
    4.65 % p.a.
    (for $0 to $100,001)
    Minimum $500 deposited into linked transaction account, and 5 Visa Card transactions from that account
    Standard rate
    0.20 % p.a.
    (for $0 and over)
    No Partner link

  • Hello Saver Account

    Maximum rate
    4.60 % p.a.
    (for $0 to $100,001)
    Bonus variable rate is available for the first 4 months. Intro rate only available to new Mystate Bank customers
    Standard rate
    4.25 % p.a.
    (for $0 to $100,001)
    No Partner link

  • Savings Account

    Maximum rate
    4.60 % p.a.
    (for $0 to $250,000)
    Bonus variable rate is available for the first 4 months.
    Standard rate
    4.25 % p.a.
    (for $0 to $2,000,000)
    No Partner link

  • Maxi Saver

    Maximum rate
    4.60 % p.a.
    (for $0 and over)
    Bonus rate for the first 6 months from account opening. Including a 0.45% bonus for new accounts opened online.
    Standard rate
    1.00 % p.a.
    (for $0 and over)
    No Partner link

  • Maxi Saver

    Maximum rate
    4.60 % p.a.
    (for $0 and over)
    Bonus rate for the first 6 months from account opening. Including a 0.45% bonus for new accounts opened online.
    Standard rate
    1.00 % p.a.
    (for $0 and over)
    No Partner link

  • Maxi Saver

    Maximum rate
    4.60 % p.a.
    (for $0 and over)
    Bonus rate for the first 6 months from account opening. Including a 0.45% bonus for new accounts opened online.
    Standard rate
    1.00 % p.a.
    (for $0 and over)
    No Partner link

  • Netsave Account

    Maximum rate
    4.60 % p.a.
    (for $0 and over)
    Introductory interest rate for the first 4 months after the account is opened.
    Standard rate
    0.75 % p.a.
    (for $0 and over)
    No Partner link

  • Goal Saver

    Maximum rate
    4.60 % p.a.
    (for $0 to $50,000)
    Deposit $500 by electronic transfer (excluding telegraphic transfers) into your Everyday Edge Account and make 5 card transactions per month.
    Standard rate
    0.50 % p.a.
    (for $0 and over)
    No Partner link

  • HomeME Savings Account

    Maximum rate
    4.60 % p.a.
    (for $100,000 to $1,000,001)
    Deposit $2,000 into linked SpendME account each month from an external account.
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    No Partner link

  • Smart Saver Account

    Maximum rate
    4.60 % p.a.
    (for $0 to $250,001)
    Transfer a minimum of $1,000 into your linked Everyday Account and make 5 eligible transactions.
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    No Partner link

  • Saver

    • Grow & Flow
    Maximum rate
    4.60 % p.a.
    (for $0 to $250,000)
    Make 5 or more successful card purchases per calendar month using your Up debit card and digital wallets (ATM transactions excluded). Earn the Grow Rate of 4.60% p.a. on Savers with no withdrawals for the month up to $250k, otherwise earn the Flow Rate of
    Standard rate
    0.00 % p.a.
    (for $0 and over)
    No Partner link

  • U30 Super Charge Account

    Maximum rate
    4.50 % p.a.
    (for $0 to $10,000)
    Standard rate
    4.50 % p.a.
    (for $0 to $10,000)
    No Partner link

  • Saving Account

    Maximum rate
    4.50 % p.a.
    (for $0 and over)
    bonus rate for 3 months
    Standard rate
    2.50 % p.a.
    (for $0 and over)
    No Partner link

  • Home Saver

    Maximum rate
    4.50 % p.a.
    (for $0 to $100,000)
    Deposit $2,000 by electronic transfer into your Everyday Edge Account and make 5 purchases with your Visa debit card each month.
    Standard rate
    0.50 % p.a.
    (for $0 and over)
    No Partner link

  • Boost Saver with Go Account - Lock Saver Feature

    Maximum rate
    4.50 % p.a.
    (for $0 to $250,000)
    Bonus rate without the Lock Saver is up to 4.20% p.a. Enable Lock Saver Feature to earn 4.50% p.a. with 32 day’s notice for withdrawal and deposit $1,000 from another financial institution into your linked Go Account and settle 5+ transactions per month.
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    No Partner link

  • Smart Saver Youth Account

    • under 25
    Maximum rate
    4.50 % p.a.
    (for $0 to $50,000)
    Increase account balance by any amount and make no more than two withdrawals
    Standard rate
    0.05 % p.a.
    (for $0 and over)
    No Partner link

  • Bonus Saver

    Maximum rate
    4.50 % p.a.
    (for $0 to $99,999)
    minimum deposit $100, no withdrawal allowed
    Standard rate
    0.01 % p.a.
    (for $0 and over)
    No Partner link

  • Save Up

    Maximum rate
    4.50 % p.a.
    (for $1 and over)
    minimum deposit $50, no withdrawals
    Standard rate
    0.00 % p.a.
    (for $0 to $1)
    No Partner link
Showing 30 results from 255 savings accounts

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