Top savings and term deposit rates: December 2025
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In a market where every dollar counts, optimising your savings returns is paramount.
Some of the highest savings account rates come with conditions that reward consistent saving, and there are still excellent opportunities to be found with rates above 4.50%.
For those seeking stability and guaranteed income, term deposits remain a solid choice, with short-term rates still offering favourable returns.
Here are some of the top term deposits, savings accounts and bank account options on the market right now to help make your money count for more.
Top savings accounts: December 2025
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Rabobank High Interest Savings Account
If you are looking to kick-start your savings, this award-winning online savings account account from Rabobank has a high introductory rate of 5.00% p.a. for the first four months on balances up to $250k. The ongoing rate is still a competitive 3.45% p.a and there are no pesky minimum balance or minimum deposit requirements. There are also no account fees so you can enjoy both hassle-free and fee-free saving. This account is only accessible via online banking so you’ll need to download the Rabobank app or login via internet banking.
AMP Bank GO Save
- 4.25% p.a. standard ongoing rate
- Earn interest from the first dollar – no minimum balance required
- Set up in minutes with no monthly account fees
- No balance growth conditions or withdrawal limits
The AMP Bank Save account offers a simple, flexible way to build your savings – no strings attached. You’ll earn interest immediately, with no minimum balance, deposit requirements or withdrawal restrictions. All you need is an AMP Bank GO Everyday account to open a Save account in the AMP Bank GO app. Manage everything easily in AMP’s digital banking experience and use Saving Spaces to stay on track with goals. Whether you're saving a little or a lot, it’s a fuss-free way to grow money.
P&N Bank Savvy Saver Account
- 4.65% p.a. maximum interest rate
- No monthly fees
- Move your savings around and still earn interest
P&N Bank offers a competitive maximum interest rate of 4.65% p.a., and while it does come with conditions attached, they could be easier to meet compared to other savings accounts. To get that 4.65% interest rate, you need to have a Savvy Saver Account plus a linked & Transaction Account. Then you need to make five settled purchases and put at least $500 into your transaction account each month (such as your salary). Note that if you don’t do this every month, you’ll only get the standard savings rate of 0.20% p.a.
Top term deposits: November 2025
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Judo Bank Term Deposit
- 4.45% p.a. for a 1 year term
- 4.35% p.a. for an 8 month term
- Mozo Experts Choice Award – Best Term Deposit
Judo Bank maintains its position as a market leader with some of the highest term deposit rates available. Its offerings span from one month to five years, with flexible interest payment options including annual, maturity, or monthly payments (at a slightly reduced rate). A notable feature is Judo’s 0.05% interest rate bonus on rollovers at maturity (from 1 September, 2025), alongside the flexibility to have interest paid to external bank accounts.
P&N Bank Term Deposit
- 4.30% p.a. for 4 month term
- Interest paid at maturity
- Have interest paid into another bank account
P&N Bank’s standard term deposits offer a flexible way to save, with terms ranging from 2 to 12 months, starting with a minimum deposit of $5,000.
Interest is paid at maturity, with the option to have funds paid directly into an external bank account. P&N consistently provides competitive rates, making it a strong choice for growing your savings.
Top bank accounts: November 2025
AMP Bank GO Everyday Account
- No monthly fees or minimum balance or deposits
- Card controls - lock, block or cancel your card
- Toggle between personal and business banking
- Earn Qantas Points
The new AMP Bank GO experience is smart, fast and intuitive. It offer a shiny new app and fresh features designed to make your personal and business banking easier. The Everyday Transaction Account offers $0 monthly fees and 24/7 real human support. Plus, you can turn your everyday banking into Qantas Points. Link your Qantas Frequent Flyer account on AMP Bank GO and earn 1 Qantas Point for every $10 on your average monthly balance.
Special Offer: Earn 1,000 bonus Qantas Points by opening a new account by 30 November 2025 and making 10 eligible transactions by 31 December 2025 (T&Cs apply).
Suncorp Bank Everyday Options
- Create up to 9 sub-accounts
- Double Winner Mozo Experts Choice Awards
- No account-keeping fees
This dual award-winning account excels both domestically and internationally. It enables up to nine sub-accounts to help organise your finances, features no account-keeping fees, and offers unlimited withdrawals between accounts. International travellers benefit from no cash advance fees for withdrawals ATMs outside Australia.
Ready to explore more options? Compare additional high-interest savings accounts and features on our hub page.
* Different interest rates apply to different amounts or different interest payment frequencies.
^See information about the Mozo Experts Choice Savings Account Awards
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