Savings Accounts

If you're after a high interest savings account you've come to the right place. Mozo compares 211 savings accounts from 69 banks to help you find the best account for your hard earned savings.

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Savings account comparisons on Mozo - rates updated daily

  • MOZO EXPERTS CHOICE AWARDS 2021

    Macquarie Savings Account

    Macquarie Savings Account

    Maximum rate

    5.35% p.a. (for $0 to $250,000)

    standard interest rate

    4.75% p.a.(for $0 to $1,000,000)

    Govt Deposit Guarantee

    Yes up to $250,000

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    • Account fee per month: $0.00
    • Maximum rate conditions: Bonus variable rate is available for the first four months.
    • Access: BPay, Branch access, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must have a Macquarie Transaction Account to link with.
    Overall rating

    7.6

    Based on 58 Macquarie savings account reviews

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  • 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

    5.75% p.a. (for $0 to $250,001)

    standard interest rate

    4.40% p.a.(for $0 to $250,001)

    Govt Deposit Guarantee

    Yes up 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

    8.2

    Based on 252 Rabobank 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

    Maximum rate

    5.25% p.a. (for $0 to $1,000,000)

    standard interest rate

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

    Govt Deposit Guarantee

    Yes up to $250,000

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    • 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
    • Account fee per month: $0.00
    • Maximum rate conditions: Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.
    • Access: ATM, EFTPOS, Visa Debit, Cheque book, BPay, Branch access, Phone banking, Internet banking, Bank@Post
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.4

    Based on 148 IMB Bank savings account reviews

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  • Bendigo Bank Reward Saver

    Bendigo Bank Reward Saver

    Maximum rate

    5.25% p.a. (for $0 to $100,000)

    standard interest rate

    0.30% p.a.(for $0 and over)

    Govt Deposit Guarantee

    Yes up to $250,000

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    More info

    • Account fee per month: $0.00
    • Maximum rate conditions: Grow your balance each month and must have linked Bendigo Everyday or Student Account to be eligible.
    • Access: BPay, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.2

    Based on 2350 Bendigo Bank savings account reviews

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  • MOZO EXPERTS CHOICE AWARDS 2020

    AMP Bank AMP Saver Account

    AMP Bank AMP Saver Account

    • Competitive interest rates, calculated daily and paid monthly
    • Benefit from a competitive ongoing standard variable interest rate with no minimum deposit required.
    • No Monthly fees

    Maximum rate

    5.40% p.a. (for $0 to $250,000)

    standard interest rate

    1.20% p.a.(for $0 to $5,000,000)

    Govt Deposit Guarantee

    Yes up to $250,000

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    • Competitive interest rates, calculated daily and paid monthly
    • Benefit from a competitive ongoing standard variable interest rate with no minimum deposit required.
    • No Monthly fees
    • Account fee per month: $0.00
    • Maximum rate conditions: Ongoing total variable bonus rate of up to 5.40% per annum applies if customers deposit $1,000 in the previous month. Available only on balances up to $250,000.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Ongoing total variable bonus rate up to 5.40% p.a. is earned on the balance the month after you deposit $1,000 and is paid the following month, on balances up to $250k. Max balance per customer name is $5 million.
    Overall rating

    6.5

    Based on 99 AMP Bank savings account reviews

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  • MOZO EXPERTS CHOICE AWARDS 2020

    ubank High Interest Save Account

    ubank High Interest Save Account

    Maximum rate

    5.10% p.a. (for $0 to $250,000)

    standard interest rate

    0.10% p.a.(for $0 and over)

    Govt Deposit Guarantee

    Yes up to $250,000

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    • Account fee per month: $0.00
    • Maximum rate conditions: Deposit at least $200 to either Spend or Save account from an external source each month.
    • Access: Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Account can only be opened through iOS or Android app, but may be accessed through internet banking.
    Overall rating

    8.4

    Based on 738 ubank 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

    4.60% p.a. (for $0 to $250,001)

    standard interest rate

    1.00% p.a.(for $0 to $5,000,001)

    Govt Deposit Guarantee

    Yes up 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: Branch access, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.0

    Based on 1403 Bankwest savings account reviews

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  • Unity Bank MoneyMAX Account

    Unity Bank MoneyMAX Account

    Maximum rate

    No Current Offer

    standard interest rate

    4.75% p.a.(for $1 and over)

    Govt Deposit Guarantee

    Yes up to $250,000

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    More info

    • Account fee per month: $0.00
    • Maximum rate conditions: n/a
    • Access: BPay, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Branch access for deposits only.
    Overall rating

    8.6

    Based on 19 Unity Bank savings account reviews

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  • MOZO EXPERTS CHOICE AWARDS 2021

    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

    5.00% p.a. (for $0 to $250,000)

    standard interest rate

    0.05% p.a.(for $0 and over)

    Govt Deposit Guarantee

    Yes up 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 Glide transaction account.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions: Must link to a transaction account
    Overall rating

    7.5

    Based on 201 MyState Bank savings account reviews

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  • Westpac Life - 18-29 years old

    Westpac Life - 18-29 years old

    • Competitive interest rate
    • Ongoing bonus interest
    • Savings Goals

    Maximum rate

    5.20% p.a. (for $0 to $30,000)

    standard interest rate

    2.00% p.a.(for $0 and over)

    Govt Deposit Guarantee

    Yes up to $250,000

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    More info

    • Competitive interest rate
    • Ongoing bonus interest
    • Savings Goals
    • Account fee per month: $0.00
    • Maximum rate conditions: Make 5 eligible card purchases per month with a 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 hold a Westpac Choice transaction account. If 5 eligible card purchases are made each month, but savings account balance has not increased, a 2.00% interest rate still applies.
    Overall rating

    7.4

    Based on 4997 Westpac savings account reviews

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Want more? Compare all 199 savings accounts in the Mozo comparison engine.

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