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High interest savings accounts

  • Looking for a high return on your savings? Compare high interest savings accounts side by side from all major banks and providers in Australia to find the best high interest account for your needs.

  • What’s a high interest savings account?

    Just like a regular savings account, but better! A high interest savings account usually has bonus savings rates that you’ll get over the first few months or for making regular deposits as an incentive to save. Whatever it may be, these are the best savings accounts to help make your nest egg grow and grow and grow.

  • What are the benefits of a high interest savings account?

    Great savings rates aside, the best high interest savings accounts come with minimal fees and afford you the luxury of managing your money over the internet or via a mobile banking app which makes making deposits or accessing the money in your account both instant and super easy.

  • Who offers high interest savings accounts?

    Nowadays, high interest savings accounts are offered online by big banks like ANZ and Commonwealth Bank to a host of smaller providers such as Police Bank or CUA.

  • How do I apply for a high interest savings account?

    Once you’ve surveyed the high interest savings accounts table below and picked a winner for you, the application process is pretty simple. Simply hit the ‘go to site’ button next to your favourite account and you’ll land on the provider’s page ready to start an online application right then and there. Just make sure you’ve got your personal details and tax file number on hand so that you can get set up quickly and start saving as soon as possible.

High interest savings account comparisons on Mozo - rates updated daily

  • High Interest Savings Account

    • Easy set up, online and mobile banking app
    • No fees, no minimum balance, no minimum monthly deposit and no minimum term
    • Kick start your savings with the 4 month introductory variable rate

    special
    rate*

    3.05% p.a. (for $0 to $250,000)

    Bonus rate for the first 4 months from account opening

    standard
    interest rate

    1.80% p.a.(for $0 to $250,000)

    account
    fee per month

    $0.00

  • Serious Saver

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

    special
    rate*

    3.00% p.a. (for $0 to $1,000,000)

    No withdrawals in the month. Bonus rate for first 4 months, reverting to 1.60% bonus rate after

    standard
    interest rate

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

    account
    fee per month

    $0.00

  • eSaver Boost

    • Earn a generous maximum interest rate of up to 2.75%
    • No monthly account or online transfer fees
    • Free online and mobile banking transactions

    special
    rate*

    2.75% p.a. (for $0 to $500,000)

    Minimum deposit of $250 and no withdrawals in the month

    standard
    interest rate

    0.25% p.a.(for $0 and over)

    account
    fee per month

    $0.00

  • 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*

    2.80% 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

    1.15% p.a.(for $0 and over)

    account
    fee per month

    $0.00

  • MOZO EXPERTS CHOICE 2017

    Online Savings Account

    • Ongoing bonus interest when you tap & go weekly (T&Cs apply)
    • No minimum monthly deposit. Ongoing variable bonus rate
    • No monthly account-keeping fees

    special
    rate*

    2.85% p.a. (for $0 to $250,000)

    Ongoing bonus rate if during the month you make a weekly Tap & Go purchase with your ME Everyday Transaction Account buck Debit Mastercard.

    standard
    interest rate

    1.30% p.a.(for $0 and over)

    account
    fee per month

    $0.00

  • Online Saver

    • Flexible high interest savings account plus exclusive online bonus interest offer for 3 months. Limited time only
    • Interest calculated daily and paid monthly
    • No minimum balance, no withdrawal fees and no fixed term requirements

    special
    rate*

    2.55% p.a. (for $0 and over)

    Bonus rate for the first 3 months from account opening. The bonus rate offer is only available to new ANZ Online Saver customers who have not held an ANZ Online Saver account during the last 6 months, and apply online.

    standard
    interest rate

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

    account
    fee per month

    $0.00

  • Flexi Saver

    • Receive an extra 1.25% p.a. variable monthly bonus. Conditions apply
    • No monthly account fee
    • Open multiple accounts

    special
    rate*

    2.50% p.a. (for $0 to $5,000,000)

    Increase balance by at least $300 in the month

    standard
    interest rate

    1.25% p.a.(for $0 to $5,000,000)

    account
    fee per month

    $0.00

Want more? Compare all 214 savings accounts in the Mozo comparison engine.

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