Savings app features you should try in 2024

Looking for a new savings account? Interest rates aren’t the only thing you’ll want to check. Our lives have become increasingly more digital and savings accounts are no different.

Savings account apps aren’t just a novel way of saving money. Apps can have plenty of helpful features that can help you save even more. Some of the top features to look out for include: 

1. Round-up features

Round-ups are one of the most helpful features introduced into savings apps. Basically, with a linked transaction account, any payment is rounded up to the nearest dollar and the difference is transferred into the savings account. 

  • For example: You spend $4.50 on a cup of coffee. An extra 50¢ is added to the transaction and transferred automatically to your savings account. 

This can be an easy hands off way of saving a little bit extra. Just make sure you budget your spending, otherwise you might have to go and transfer the cash back out of your savings if you overspend.

2. Spending habit tracker

With AI and machine learning continuing to enter more of our lives, apps have begun to introduce features that not only track your spending but also predict what you’re likely to spend this week. 

The advantage to this feature is that it gives you a zoomed out view on the kinds of things you’re potentially spending too much on. From there, you can analyse and change your habits which usually leads to more savings.

3. Automatic transfers

Another helpful savings account feature is an automatic transfer. Basically, you’ll be able to set a regular date to transfer money from your transaction account and into your savings account. Often, savers will use this feature to automatically move a portion of their income into their savings account. That’s why it can be helpful to budget with the right savings account.

Ready to get started with a new provider? Check out our savings account hub page and compare up to 203 accounts. Alternatively, check out some high interest savings accounts in the tables below… 

Savings account comparisons on Mozo - last updated 24 February 2024

Search promoted savings accounts below or do a full Mozo database search. Advertiser disclosure
  • Reward Saver Account

    5.25% p.a. (for $0 to $1,000,000)

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

    Yes up to $250,000

    Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.

    Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.

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  • Mozo Expert Choice Badge
    High Interest Savings Account

    5.75% p.a. (for $0 to $250,001)

    4.40% p.a.(for $0 to $250,001)

    Yes up to $250,000

    Bonus rate for the first 4 months from account opening

    Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account . Receive the maximum rate when you grow your balance by at least $200 each month. No Account keeping fees. No minimum balance.

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  • Hero Saver

    4.60% p.a. (for $0 to $250,001)

    1.00% p.a.(for $0 to $5,000,001)

    Yes up to $250,000

    Minimum deposit of $200 and no withdrawals in the month.

    Earn a generous variable rate on balances up to $250,001 each month you deposit at least $200 (excluding interest) on or before the last business day each month and make no withdrawals during the month. $0 account maintenance fees. Create a goal, set up regular deposits and track your progress on the Bankwest app.

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  • Mozo Expert Choice Badge
    Savings Account

    5.50% p.a. (for $0 to $250,000)

    4.75% p.a.(for $0 to $1,000,000)

    Yes up to $250,000

    Bonus variable rate is available for the first four months.

    Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2023 Mozo Experts Choice Award winner.

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  • Reward Saver

    5.25% p.a. (for $0 to $100,000)

    0.30% p.a.(for $0 and over)

    Yes up to $250,000

    Earn a high interest bonus rate if you hold an eligible transaction account and meet the bonus rate conditions (T&Cs apply). Only requires $1 to open. Free e-banking transactions. No monthly service fees to pay. Access your account via e-banking or the Bendigo Bank app. Not applicable to business customers.

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  • High Interest Save Account

    5.10% p.a. (for $0 to $250,000)

    0.10% p.a.(for $0 and over)

    Yes up to $250,000

    Deposit at least $200 to either Spend or Save account from an external source each month.

    No monthly fees on any of your save accounts. Split your money with up to 10 Save accounts. Set savings targets and track the progress of all your Save accounts. Deposits guaranteed up to $250K per customer.

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  • Mozo Expert Choice Badge
    Bonus Saver Account

    5.00% p.a. (for $0 to $250,000)

    0.05% p.a.(for $0 and over)

    Yes up to $250,000

    Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Glide transaction account.

    Start saving and earn interest with just a $20 deposit and make 5 eligible transactions each month. No fees or penalties for withdrawing money.

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^See information about the Mozo Experts Choice Savings Account Awards

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