interest rates savings accounts

Savings accounts

Interest rates savings account comparisons on Mozo - last updated February 27, 2021

Search promoted savings accounts below or do a full Mozo database search. Advertiser disclosure.
  • Mozo Experts Choice 2021
    Bonus Saver Account

    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    1.20% p.a. (for $0 to $250,000)
    0.10% 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 Everyday or Glide transaction accounts.

    Winner of a Mozo Experts Choice Award 2021 in the Regular Saver category.^ No monthly account fees and no minimum balance requirements.

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  • Serious Saver

    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    0.30% p.a. (for $0 to $1,000,000)
    0.15% p.a.(for $0 and over)
    Yes up to $250,000

    No withdrawals in the month. Bonus rate for first 4 months, reverting to 0.15% rate after*

    $0 monthly account fee. Link to any Australian bank account.

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    Details
  • Saver Account

    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    1.10% p.a. (for $0 to $1,000,000)
    0% p.a.(for $0 and over)
    Yes up to $250,000

    Make 5 or more successful card purchases per calendar month using your Up debit card and digital wallets (ATM transactions excluded).

    No monthly fees and earn up to 1.10% interest when you make 5 card purchases per calendar month. Automatically receive a $10 bonus into your new Up account when you use the special code MOZOUP10SAVE at sign up.

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  • 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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  • Flexi Saver

    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    0.25% p.a. (for $0 to $5,000,000)
    0.05% p.a.(for $0 to $5,000,000)
    Yes up to $250,000

    Increase balance by at least $300 in the month

    No upfront or ongoing fees. Unlimited free transactions. Great for regular contributions.

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  • Hero Saver

    Maximum rate
    standard interest rate
    Govt Deposit Guarantee
    0.80% p.a. (for $0 to $250,001)
    0.01% p.a.(for $0 to $5,000,000)
    Yes up to $250,000

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

    Interest is calculated daily and paid monthly. Automatic payment feature. No minimum opening balance needed.

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  • 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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^See information about the Mozo Experts Choice Savings accounts Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Savings account resources

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

FAQ

Savings Account Reviews

ANZ Online Saver review
Overall 9/10
Good solid service.

Good service and excellent help with the falcon if need with online banking as I needed once when I was scammed.

Read full review

Good service and excellent help with the falcon if need with online banking as I needed once when I was scammed.

Price
9/10
Features
6/10
Customer service
9/10
Convenience
8/10
Trust
10/10
Less
Robert, Victoria, reviewed about 20 hours ago
Citi Savings Account review
Overall 10/10
Always there to advise on investing, very helpful

There is always someone on the end of the phone to advise me when I want to invest money. Nothing is too much trouble for them. I certainly praise Citi Bank to my friends and family.

Read full review

There is always someone on the end of the phone to advise me when I want to invest money. Nothing is too much trouble for them. I certainly praise Citi Bank to my friends and family.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Pat, Queensland, reviewed about 20 hours ago
Westpac eSaver review
Overall 10/10
Temora branch is the best

the Temora branch are wonderful people always great you with a smile ,very polite happy ,easy to get on with and very helpful

Read full review

the Temora branch are wonderful people always great you with a smile ,very polite happy ,easy to get on with and very helpful

Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Debra, New South Wales, reviewed about 20 hours ago

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