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Student Savings Account Comparison

Student savings account - rates updated daily

  • MOZO EXPERTS CHOICE AWARDS 2020

    Rabobank High Interest Savings Account

    Rabobank 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

    Maximum rate

    2.25% p.a. (for $0 to $250,001)

    standard interest rate

    0.80% p.a.(for $0 to $250,001)

    Govt Deposit Guarantee

    Yesup to $250,000

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    • 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
    • Account fee per month: $0.00
    • Maximum 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 customers.
    • Access: Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    8.4

    Based on 244 Rabobank savings account reviews

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  • Westpac Life (18-29 years old)

    Westpac Life (18-29 years old)

    • Earn up to 3% p.a. interest rate
    • Ongoing bonus interest
    • Savings Goals

    Maximum rate

    3.00% p.a. (for $0 to $30,000)

    standard interest rate

    0.40% p.a.(for $0 and over)

    Govt Deposit Guarantee

    Yesup to $250,000

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    More info

    • Earn up to 3% p.a. interest rate
    • Ongoing bonus interest
    • Savings Goals
    • Account fee per month: $0.00
    • Maximum rate conditions: Make 5 transactions/month on linked Westpac Choice account and min 1 deposit and higher balance than at the beginning of the month in Life savings account.
    • Access: BPay, Branch access, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must be linked to Westpac Choice transaction account. If 5 transactions are made each month, but savings account balance hasnt increased, a 2.40% interest rate still applies.
    Overall rating

    7.4

    Based on 4876 Westpac 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

    Maximum rate

    2.10% p.a. (for $0 to $1,000,000)

    standard interest rate

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

    Govt Deposit Guarantee

    Yesup to $250,000

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    More info

    • No monthly fees
    • No minimum deposit
    • Apply online in under 10 minutes
    • Account fee per month: $0.00
    • Maximum rate conditions: No withdrawals in the month. Bonus rate for first 4 months, reverting to 0.15% bonus rate after*
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.4

    Based on 324 HSBC savings account reviews

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  • Citi Online Saver

    Citi Online Saver

    • No minimum balance
    • Save more with no monthly fees
    • 24/7 access via online, mobile & telephone banking.

    Maximum rate

    2.05% p.a. (for $0 to $500,000)

    standard interest rate

    0.35% p.a.(for $0 and over)

    Govt Deposit Guarantee

    Yesup to $250,000

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    More info

    • No minimum balance
    • Save more with no monthly fees
    • 24/7 access via online, mobile & telephone banking.
    • Account fee per month: $0.00
    • Maximum rate conditions: Bonus rate for the first 4 months from account opening
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account.
    Overall rating

    6.4

    Based on 142 Citi savings account reviews

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  • MOZO EXPERTS CHOICE AWARDS 2020

    Bank of Queensland Fast Track Saver Account

    Bank of Queensland Fast Track Saver Account

    • Earn Bonus Interest on your savings, with no minimum balance required.
    • Earn Bonus Interest variable rate by depositing $1,000 a month + 5 eligible transactions to your linked Bank of Queensland Day2Day Plus Account.
    • No account maintenance fees

    Maximum rate

    1.85% p.a. (for $1 to $250,000)

    standard interest rate

    0.20% p.a.(for $1 and over)

    Govt Deposit Guarantee

    Yesup to $250,000

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    More info

    • Earn Bonus Interest on your savings, with no minimum balance required.
    • Earn Bonus Interest variable rate by depositing $1,000 a month + 5 eligible transactions to your linked Bank of Queensland Day2Day Plus Account.
    • No account maintenance fees
    • Account fee per month: $0.00
    • Maximum rate conditions: 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. (This second requirement has been paused until 31 August 2020).
    • Access: BPay, Branch access, Internet banking
    • Minimum balance: $1.00
    • Other restrictions: Bonus interest rate criteria is effective from 1 February 2020.
    Overall rating

    7.8

    Based on 1047 Bank of Queensland savings account reviews

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  • Heritage Bank Online Saver

    Heritage Bank Online Saver

    Maximum rate

    2.20% p.a. (for $1 to $100,000)

    standard interest rate

    0.80% p.a.(for $1 to $250,000)

    Govt Deposit Guarantee

    Yesup to $250,000

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    More info

    • Account fee per month: $0.00
    • Maximum rate conditions: Introductory Bonus Rate for new customers with a linked eligible account for the first 4 months.
    • Access: Phone banking, Internet banking
    • Minimum balance: $1.00
    • Other restrictions:
    Overall rating

    8.5

    Based on 482 Heritage Bank savings account reviews

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