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Savings Accounts

  • If you're after a high interest savings account you've come to the right place. Mozo compares 189 savings accounts from 69 banks to help you find the best account for your hard earned savings.

Savings account comparisons on Mozo Rates updated daily

  • MOZO EXPERTS CHOICE AWARDS 2016

    ME Online Savings Account

    ME Online Savings Account

    • Savings Bank of the Year 2016
    • No minimum monthly deposit. Ongoing variable bonus rate
    • No monthly account-keeping fees

    special rate*

    3.10% 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

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    More info

    • Savings Bank of the Year 2016
    • No minimum monthly deposit. Ongoing variable bonus rate
    • No monthly account-keeping fees
    • Special rate conditions: Ongoing bonus rate if during the month you make a weekly Tap & Go purchase with your ME Everyday Transaction Account buck Debit MasterCard.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    8.1

    Based on 119 ME savings account reviews

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  • MOZO EXPERTS CHOICE AWARDS 2016

    RaboDirect High Interest Savings Account

    RaboDirect 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*

    3.00% p.a. (for $0 to $250,000)

    Bonus rate for the first 4 months from account opening

    standard interest rate

    2.05% p.a.(for $0 to $250,000)

    account fee per month

    $0.00

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    More info

    • 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 conditions: Bonus rate for the first 4 months from account opening, reverting to standard variable rate. Rate shown is for Personal customers and is subject to change. Different rates apply to Business/SMSF/Trust customers.
    • Access: Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    8.0

    Based on 24 RaboDirect 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 3 months. Limited time only
    • Interest calculated daily and paid monthly
    • No minimum balance, no withdrawal fees and no fixed term requirements

    special rate*

    3.00% 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

    1.55% p.a.(for $0 and over)

    account fee per month

    $0.00

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    More info

    • 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 conditions: 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.
    • Access: BPay, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must be linked to ANZ deposit account.
    Overall rating

    7.7

    Based on 2117 ANZ savings account reviews

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  • 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

    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.

    standard interest rate

    1.75% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    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 conditions: For customers who also have an Orange Everyday and deposit their pay of $1,000+ each month.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    9.2

    Based on 428 ING DIRECT savings account reviews

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  • RaboDirect 90 Day Notice Saver

    RaboDirect 90 Day Notice Saver

    • No monthly fees
    • Quick online applcation
    • Interest paid monthly

    special rate*

    2.75% p.a. (for $0 to $250,000)

    90 days notice required for withdrawals

    standard interest rate

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

    account fee per month

    $0.00

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    More info

    • No monthly fees
    • Quick online applcation
    • Interest paid monthly
    • Special rate conditions: The notice period is the amount of time you have to wait before you can withdraw your planned transfers from your Notice Saver account.
    • Access: Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Funds cannot be withdrawn without serving the minimum notice period.
    Overall rating

    8.0

    Based on 24 RaboDirect savings account reviews

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  • Bankwest Hero Saver

    Bankwest Hero Saver

    • 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

    standard interest rate

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

    account fee per month

    $0.00

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    More info

    • No account keeping fees
    • No transaction fees
    • 100% secure application process
    • Special rate conditions: Minimum deposit of $200 excluding interest and no withdrawals in the month
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.3

    Based on 417 Bankwest savings account reviews

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  • IMB Bank Reward Saver Account

    IMB Bank Reward Saver Account

    • Earn bonus interest by saving as little as $50 a month with no withdrawals
    • No monthly account keeping fees
    • Set up automatic transfers from your Everyday Account

    special rate*

    2.50% p.a. (for $5,000 and over)

    Minimum deposit of $50 and no withdrawals. Reverts to bonus rate of 1.65% after the first 4 months.

    standard interest rate

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

    account fee per month

    $0.00

    Go to site

    More info

    • Earn bonus interest by saving as little as $50 a month with no withdrawals
    • No monthly account keeping fees
    • Set up automatic transfers from your Everyday Account
    • Special rate conditions: Minimum deposit of $50 and no withdrawals. Reverts to bonus rate of 1.65% after the first 4 months.
    • Access: ATM, EFTPOS, Visa Debit, Cheque book, BPay, Branch access, Phone banking, Internet banking, Bank@Post
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.6

    Based on 36 IMB Bank savings account reviews

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  • HSBC Serious Saver

    HSBC Serious Saver

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

    special rate*

    2.25% p.a. (for $0 to $1,000,000)

    No withdrawals in the month. Bonus rate for first 4 months, reverting to 1.6% bonus rate after

    standard interest rate

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

    account fee per month

    $0.00

    Go to site

    More info

    • No monthly fees
    • No minimum deposit
    • Apply online in under 10 minutes
    • Special rate conditions: No withdrawals in the month. Bonus rate for first 4 months, reverting to 1.6% bonus rate after
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account. Maximum account balance is $1,000,000.
    Overall rating

    7.1

    Based on 45 HSBC savings account reviews

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  • ANZ Progress Saver

    ANZ Progress Saver

    • Earn bonus interest when no withdrawals in the month
    • No monthly account fee
    • Automated transfers from your everyday account to your savings account each month

    special rate*

    2.01% p.a. (for $0 and over)

    Minimum deposit of $10 and no withdrawals in the month

    standard interest rate

    0.01% p.a.(for $0 and over)

    account fee per month

    $0.00

    Go to site

    More info

    • Earn bonus interest when no withdrawals in the month
    • No monthly account fee
    • Automated transfers from your everyday account to your savings account each month
    • Special rate conditions: Minimum deposit of $10 and no withdrawals in the month
    • Access: Branch access, Phone banking, Internet banking
    • Minimum balance: $10.00
    • Other restrictions:
    Overall rating

    7.7

    Based on 2117 ANZ savings account reviews

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