Savings accounts

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interest rates savings accounts

Interest rates savings account comparisons on Mozo

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 255 savings accounts.
Last updated 14 December 2025 Important disclosures
  • Savings Account

    4.60% p.a. (for $0 to $250,000)

    4.25% p.a.(for $0 to $2,000,000)

    Yes up to $250,000

    Bonus variable rate is available for the first 4 months.

    Enjoy a high interest savings account with no account keeping fees to pay. Save up to 10% on eGift cards at over 50 retailers with Macquarie Marketplace. Multiple 2024 Mozo Experts Choice Award winner.

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  • Mozo Expert Choice Badge
    High Interest Savings Account

    5.00% p.a. (for $0 to $250,001)

    3.45% 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. No Account keeping fees. No minimum balance. Support Aussie farmers with every dollar you save.

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  • MoneyMAX Account

    No Current Offer

    3.80% p.a.(for $1 and over)

    Yes up to $250,000

    Unlimited access 24/7 via Banking App, Phone & Internet Banking. Interest is calculated daily and paid monthly. No transaction fees or monthly service fees. No minimum balance or withdrawal restrictions. Online access only.

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  • Bonus Saver Account

    4.25% p.a. (for $0 to $500,000)

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

    Yes up to $250,000

    Deposit at least $20 each month and make 5 Visa Debit transactions with a linked Glide account.

    Open a Bonus Saver Account in under 5 minutes. There are no fees to pay or penalties for withdrawing money. Get a seamless personalised insights and online statements via the My State Bank app.

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  • Mozo Expert Choice Badge
    PremiumSaver

    4.65% p.a. (for $0 to $250,001)

    0.60% p.a.(for $0 and over)

    Yes up to $250,000

    Increase balance by $200 by the end of each month

    Reward yourself with a higher rate for your good savings habits. Rabobanks’s PremiumSaver is simple - receive the maximum rate when you grow your balance by at least $200 each month (T&Cs apply). Plus, your savings help our Aussie farmers produce the food we love to enjoy.

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  • High Interest Save Account

    5.10% p.a. (for $0 to $1,000,000)

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

    Yes up to $250,000

    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.

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  • Savings+Bonus

    4.25% p.a. (for $1 to $250,000)

    1.75% p.a.(for $1 to $250,000)

    Yes up to $250,000

    Minimum $100 monthly deposit and no withdrawals to earn bonus interest each month.

    Enjoy bonus interest when you deposit $100 or more per month and make no withdrawals. Access your money at any time via internet banking or our mobile app. Maximum balance $250,000 to receive bonus interest.

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^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.

Savings Account Reviews

Commonwealth Bank Savings Account
Overall 9/10
CBA Youthsaver - watch your savings grow!

I’m reviewing the Commonwealth Bank and its Youthsaver accounts. My kids originally opened these accounts when they started school and would bank a couple of dollars every week. After seven or so years the local branch closed (rural location) and school banking was a thing of the past. Their accounts sat dormant for a few years accruing virtually zero interest until the kids got part time jobs and their wages were deposited into their Youthsaver. The variable interest rate on balances under 50k is 2.15% with a bonus interest rate of 2.40% if the balance at the end of the month is higher than at the start and at least one deposit is made with no withdrawals. As their balances grow, so too the BONUS interest - a huge incentive to keep kids saving. As our local branch has closed, withdrawing cash if difficult, but that is a whinge for another day!

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I’m reviewing the Commonwealth Bank and its Youthsaver accounts. My kids originally opened these accounts when they started school and would bank a couple of dollars every week. After seven or so years the local branch closed (rural location) and school banking was a thing of the past. Their accounts sat dormant for a few years accruing virtually zero interest until the kids got part time jobs and their wages were deposited into their Youthsaver. The variable interest rate on balances under 50k is 2.15% with a bonus interest rate of 2.40% if the balance at the end of the month is higher than at the start and at least one deposit is made with no withdrawals. As their balances grow, so too the BONUS interest - a huge incentive to keep kids saving. As our local branch has closed, withdrawing cash if difficult, but that is a whinge for another day!

Price
10/10
Features
10/10
Customer service
9/10
Convenience
4/10
Trust
7/10
Less
Kat, South Australia, reviewed 5 months ago
Macquarie Savings Account
Overall 8/10
Good Security. Good Interest Rates. Good Service.

Overall a good bank, would happily recommend. Pros: - Easily open multiple accounts. - Reasonable interest rates. - Excellent security and multi-factor authentication. - Access to discounted gift cards. - No extra hoops to jump through to access higher interest rates on savings accounts. Cons: - App could be better, no option to have 'buckets' within the one account, have to open a new account each time. - Budget/spendings tracker is not super helpful, especially if you are someone who moves money around a lot. - Have to use Bank at Post to deposit/withdraw cash, or have an account with another bank.

Read full review

Overall a good bank, would happily recommend. Pros: - Easily open multiple accounts. - Reasonable interest rates. - Excellent security and multi-factor authentication. - Access to discounted gift cards. - No extra hoops to jump through to access higher interest rates on savings accounts. Cons: - App could be better, no option to have 'buckets' within the one account, have to open a new account each time. - Budget/spendings tracker is not super helpful, especially if you are someone who moves money around a lot. - Have to use Bank at Post to deposit/withdraw cash, or have an account with another bank.

Price
8/10
Features
7/10
Customer service
9/10
Convenience
6/10
Trust
9/10
Less
May, New South Wales, reviewed 5 months ago
BankSA Savings Account
Overall 9/10
The online is good website can be complicated

I like this bank because they are very helpful. They help me manage my money. The pros are that they are friendly, heloful and reliable. Tje cons are, hard work, logs you out

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I like this bank because they are very helpful. They help me manage my money. The pros are that they are friendly, heloful and reliable. Tje cons are, hard work, logs you out

Price
6/10
Features
9/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Eliza, South Australia, reviewed 8 months ago

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Calculators

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Savings calculator

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