Savings Accounts

  • If you're after a high interest savings account you've come to the right place. Mozo compares 227 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

  • 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 4886 Westpac savings account reviews

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  • MOZO EXPERTS CHOICE AWARDS 2020

    MyState Bank Bonus Saver Account

    MyState Bank Bonus Saver Account

    • No monthly account keeping fees
    • Deposits up to $250,000 per customer are guaranteed by the Australian Government
    • Enjoy bonus interest when you deposit $20 or more in to your Bonus Saver Account and make 5 or more eligible VISA Debit card transactions from your linked account each month

    Maximum rate

    1.65% p.a. (for $0 to $250,000)

    standard interest rate

    0.15% p.a.(for $0 and over)

    Govt Deposit Guarantee

    Yesup to $250,000

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    More info

    • No monthly account keeping fees
    • Deposits up to $250,000 per customer are guaranteed by the Australian Government
    • Enjoy bonus interest when you deposit $20 or more in to your Bonus Saver Account and make 5 or more eligible VISA Debit card transactions from your linked account each month
    • Account fee per month: $0.00
    • Maximum rate conditions: 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.
    • Access: BPay, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    7.7

    Based on 181 MyState Bank savings account reviews

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  • Bankwest Hero Saver

    Bankwest Hero Saver

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

    Maximum rate

    1.15% p.a. (for $0 to $250,000)

    standard interest rate

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

    Govt Deposit Guarantee

    Yesup to $250,000

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    More info

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

    8.0

    Based on 1360 Bankwest savings account reviews

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  • Featured product

     

    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

    1.55% 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

    Go to site

    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

    6.5

    Based on 144 Citi savings account reviews

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  • ANZ Progress Saver

    ANZ Progress Saver

    • Earn bonus interest when you make a single deposit of $10 or more in a month and no withdrawals
    • No monthly account fee.
    • Set up an automated monthly transfer to stick to your savings plan

    Maximum rate

    0.85% p.a. (for $0 and over)

    standard interest rate

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

    Govt Deposit Guarantee

    Yesup to $250,000

    Go to site

    More info

    • Earn bonus interest when you make a single deposit of $10 or more in a month and no withdrawals
    • No monthly account fee.
    • Set up an automated monthly transfer to stick to your savings plan
    • Account fee per month: $0.00
    • Maximum rate conditions: Bonus interest when you make a single deposit of $10 or more in a month and no withdrawals
    • Access: Branch access, Phone banking, Internet banking
    • Minimum balance: $10.00
    • Other restrictions:
    Overall rating

    7.4

    Based on 6131 ANZ savings account reviews

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Want more? Compare all 227 savings accounts in the Mozo comparison engine.

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