Savings Accounts

If you're after a high interest savings account you've come to the right place. Mozo compares 224 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

    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

    1.20% 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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    • 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 183 MyState 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

    Maximum rate

    0.30% p.a. (for $0 to $1,000,000)

    standard interest rate

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

    Govt Deposit Guarantee

    Yes up to $250,000

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    • 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% rate after*
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.4

    Based on 326 HSBC 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

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

    standard interest rate

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

    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: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.0

    Based on 1370 Bankwest 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

    1.10% p.a. (for $0 to $500,000)

    standard interest rate

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

    Govt Deposit Guarantee

    Yes up 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

    6.5

    Based on 146 Citi savings account reviews

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  • HSBC Flexi Saver

    HSBC Flexi Saver

    • Receive an extra 1.25% p.a. variable monthly bonus. Conditions apply
    • No monthly account fee
    • Open multiple accounts

    Maximum rate

    0.25% p.a. (for $0 to $5,000,000)

    standard interest rate

    0.05% p.a.(for $0 to $5,000,000)

    Govt Deposit Guarantee

    Yes up to $250,000

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    More info

    • Receive an extra 1.25% p.a. variable monthly bonus. Conditions apply
    • No monthly account fee
    • Open multiple accounts
    • Account fee per month: $0.00
    • Maximum rate conditions: Increase balance by at least $300 in the month (excluding interest)
    • Access: BPay, Branch access, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.4

    Based on 326 HSBC savings account reviews

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  • 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 on your linked transaction account

    Maximum rate

    1.05% p.a. (for $1 to $250,000)

    standard interest rate

    0.05% p.a.(for $1 and over)

    Govt Deposit Guarantee

    Yes up 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 on your linked transaction account
    • 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.
    • 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 1053 Bank of Queensland savings account reviews

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