interest rates savings accounts

Savings accounts

Interest rates savings account comparisons on Mozo - last updated 16 October 2021

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  • Boost Saver with Go Account
    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    1.50% p.a. (for $0 to $250,000)
    0.10% p.a.(for $0 and over)
    Yes up to $250,000

    Intro bonus rate of 1.50% for first 3 months, reverting to 1.20% after. Deposit $2,000 each month and make 5 eligible payments from your Go Account. If you are between 18 and 25 deposit $1,000.

    Enjoy a savings account bundled with a spending account. No monthly fees. New customers can earn up to 5000 bonus Virgin Money points on purchases (conditions apply). Benefit together with a joint account

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    Details
  • High Interest Savings Account
    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    1.35% p.a. (for $0 to $250,001)
    0.25% p.a.(for $0 to $250,001)
    Yes up to $250,000

    Bonus rate for the first 4 months from account opening

    Kick start your savings with the 4 month introductory variable rate. No fees, no minimum balance, no minimum monthly deposit and no minimum term.

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    Details
  • Grow Saver
    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    0.65% p.a. (for $0 and over)
    0.10% p.a.(for $0 and over)
    Yes up to $250,000

    Make at least 1 deposit and no more than 1 withdrawal, including internal transfers or external payments.

    Earn a maximum interest rate of 0.65% per year. Pay no monthly fees. Set up in-app savings goals. Benefit with joint account options.

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    Details
  • Online Saver
    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    1.10% p.a. (for $0 to $500,000)
    0.35% p.a.(for $0 and over)
    Yes up to $250,000

    Bonus rate for the first 4 months from account opening

    No account keeping fees. No minimum balance required. Unlimited phone and internet transactions.

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    Details
  • Fast Track Saver Account
    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    1.05% p.a. (for $1 to $250,000)
    0.05% p.a.(for $1 and over)
    Yes up to $250,000

    Ongoing bonus rate applied if in the previous month $1,000 or more is credited to the linked Day2Day Plus account and 5 eligible transactions are made by the linked account.

    Earn 1.05% p.a. Bonus Interest in the following month on your Fast Track Saver Account balance. Earn Bonus Interest on your savings, with no minimum balance required.

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    Details

^See information about the Mozo Experts Choice Savings accounts Awards

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Savings account resources

Reviews, news, tips and guides to help find the best savings account for you.

FAQ

Savings Account Reviews

MyState Bank Savings Account
Overall 1/10
Sent details twice and card wasn’t activated.

Sent details twice and card wasn’t activated until I called and they said they had my details but they hadn’t added them to the account. It took over 4 months. Closing account now. Bank has now left a message on my phone. More problems I’m sure. Useless bank. Save time and go elsewhere.

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Sent details twice and card wasn’t activated until I called and they said they had my details but they hadn’t added them to the account. It took over 4 months. Closing account now. Bank has now left a message on my phone. More problems I’m sure. Useless bank. Save time and go elsewhere.

Convenience
1/10
Trust
1/10
Less
Michael, Victoria, reviewed 4 days ago
HSBC Savings Account
Overall 1/10
Awful customer service

It takes about 45 mins to open an account. They treat customers like criminals, so rude and unprofessional. Always issue to get through to them over the phone

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It takes about 45 mins to open an account. They treat customers like criminals, so rude and unprofessional. Always issue to get through to them over the phone

Price
10/10
Features
5/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Sara, New South Wales, reviewed 4 days ago
St.George Incentive Saver Account
Overall 5/10
I cannot trust them, not one of them.

All of the Banks are the same. Interest rates are too low on all their products in my view.

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All of the Banks are the same. Interest rates are too low on all their products in my view.

Price
1/10
Features
1/10
Customer service
6/10
Convenience
9/10
Trust
9/10
Less
Graeme, New South Wales, reviewed 11 days ago

More savings account reviews