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Long term savings accounts

  • A good savings habit deserves a good interest rate and choosing the right savings account can help you super-size your nest egg in record time through the power of compound interest.

  • How much can (and should) I be saving?

    Money experts say we should put aside 10% of everything we earn into savings. But chances are you can do better than that! Work out how much you can save with our savings calculator, or where you could be saving more with our handy budgeting calculator.

  • How do I find the best high interest rate savings account?

    Finding the best ongoing high interest savings account for your needs is really easy with Mozo's savings account search tool. Or, see below for a selection of some of the most popular high standard rate offers out there right now.

Savings account comparisons on Mozo Rates updated daily

  • ING DIRECT Savings Maximiser

    ING DIRECT Savings Maximiser

    • No ING DIRECT 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

    standard interest rate

    1.60% p.a.(for $0 and over)

    account fee per month

    $0.00

    minimum balance

    $0.00

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    More info

    • No ING DIRECT 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: 2.75% p.a. (for $0 to $100,000)

      For customers who also have an Orange Everyday and deposit their pay of $1,000+ each month.

    • Special rate conditions: For customers who also have an Orange Everyday and deposit their pay of $1,000+ each month.
    • Access: Phone banking, Internet banking
    • Other restrictions: Must link to a transaction account
    Overall rating

    9.2

    Based on 428 ING DIRECT savings account reviews

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  • ANZ Online Saver

    ANZ Online Saver

    • Flexible high interest savings account plus exclusive online bonus interest offer for 6 months. Limited time only
    • Interest calculated daily and paid monthly
    • No minimum balance, no withdrawal fees and no fixed term requirements

    standard interest rate

    1.25% p.a.(for $0 and over)

    account fee per month

    $0.00

    minimum balance

    $0.00

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    More info

    • Flexible high interest savings account plus exclusive online bonus interest offer for 6 months. Limited time only
    • Interest calculated daily and paid monthly
    • No minimum balance, no withdrawal fees and no fixed term requirements
    • Special rate: 2.85% p.a. (for $0 and over)

      Bonus rate for the first 6 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.

    • Special rate conditions: Bonus rate for the first 6 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.
    • Access: BPay, Phone banking, Internet banking
    • Other restrictions: Must be linked to ANZ deposit account.
    Overall rating

    7.7

    Based on 2117 ANZ savings account reviews

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  • Bank Australia Bonus Saver

    Bank Australia Bonus Saver

    • High interest rate of up to 2.80%p.a.
    • Bonus interest
    • Access to your savings

    standard interest rate

    0.15% p.a.(for $1 and over)

    account fee per month

    $0.00

    minimum balance

    $0.00

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    More info

    • High interest rate of up to 2.80%p.a.
    • Bonus interest
    • Access to your savings
    • Special rate: 2.80% p.a. (for $1 and over)

      minimum deposit $100, no withdrawals

    • Special rate conditions: Minimum deposit of $100 and no withdrawals in the month
    • Access: BPay, Branch access, Phone banking, Internet banking
    • Other restrictions:
    Overall rating

    7.5

    Based on 35 Bank Australia savings account reviews

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  • Bankwest Hero Saver

    Bankwest Hero Saver

    • No account keeping fees
    • No transaction fees
    • 100% secure application process

    standard interest rate

    0.01% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    minimum balance

    $0.00

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    More info

    • No account keeping fees
    • No transaction fees
    • 100% secure application process
    • Special rate: 2.65% p.a. (for $0 to $250,000)

      Minimum deposit of $200 excluding interest and no withdrawals in the month

    • Special rate conditions: Minimum deposit of $200 excluding interest and no withdrawals in the month
    • Access: Phone banking, Internet banking
    • Other restrictions:
    Overall rating

    8.3

    Based on 417 Bankwest savings account reviews

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    More info

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