Deep Almanac

Savings account rates in Australia

Bank data as of 13 November 2026, 00:52 UTC · generated 13 November 2026, 01:46 UTC. Refreshed daily from the banks' own feeds.

93 of the 115 brands in the Consumer Data Right register (banks, credit unions and others) publish savings accounts; deposit-takers outside it are not here, so a missing bank is not necessarily paying less. Rates come from each bank's own published product data, refreshed daily (it can miss rates the bank advertises). For savings accounts that data is not enough on its own: whether you get the rate turns on bonus conditions, age limits and membership or residency rules it often leaves out or shortens, so we read those from each bank's own terms and pages. So far 433 of the 445 ranked accounts have had their terms, PDS and product page read in full; we publish 616 terms from 89 banks' own terms and pages, each quoted and re-read daily. Transaction accounts are not ranked. Choose who holds the account (personal, SMSF or business), which rate to rank by and the balance; each bank appears once, at its highest-paying account for that view, highest rate first.

Best rate by balance

The highest rate any bank pays a personal savings account at each balance from $1,000 to $10,000,000, one line per rate kind, so the bank paying it changes along a line. Intro counts an account with no introductory offer at its conditional rate; a stepped account's rate is the blend of its tiers. The accounts the table leaves out by default are left out here too. The y-axis does not start at zero. Hover, touch or tab to the chart for the bank and account at a balance; click a legend entry to hide or show its line.

Three rates. Conditional rate: the rate paid in a month in which every bonus condition is met, with no introductory period. Introductory rate: the rate paid during an introductory period (the conditional rate plus the introductory add-on, or the whole introductory rate), and for an account with no introductory offer it equals the conditional rate. Base rate: the rate paid in a month in which the bonus conditions are not all met, or on an account with none. Every rate is the rate at the slice's balance: whole-balance tiers take the tier the balance is in, stepped (per-tier) tiers are blended over the balance.

What the rank does not mean. A high conditional rate is paid only in a month in which every bonus condition is met; miss one and the account pays its base rate for that month, which on many accounts is close to zero. An introductory rate ends after its months and the account falls to the rate shown beside it.

Account for

Rate

Balanceor any balance

Also show

Conditional rate: the rate paid in a month in which every bonus condition is met, with no introductory period.

79 banks are ranked for a personal savings account holding $50,000 at the conditional rate with bonus conditions met, highest rate first

#	Bank	Account	Rate p.a.	Base	Conditions	Features	Monthly fee	Max bonus balance	Interest paid	Links
1	ING	Savings Maximiser	6.00%	0.01%	5 or more card purchases a month grow the balance each month deposit $1,000 or more each month +4 more	appOskoPayIDnotificationsunlimited transactionsjoint accounts	$0	$100,000	monthly	bank source
2	Up	Saver	5.85%	0.00%	5 or more card purchases a month no withdrawals in the month a saver withdrawn from in the month earns the 2.00% Flow rate instead (when the card purchases are made)	app		no cap	monthly	bank source terms
3	Virgin Money	Boost Saver	5.80%	0.05%	deposit $1,000 or more each month 5 or more card purchases a month the bonus needs a linked Go Account in the same name with a $1,000 monthly deposit +3 more	appOskoPayIDnotificationsunlimited transactionslinked account required	$0	$250,000	monthly	bank source terms
4	AMP Bank GO	Save	5.75%	5.75%	Customers must have an active AMP Bank GO Everyday Account in order to open an AMP Bank GO Save account: Linked Transaction Account no joint accounts each rate applies only to the part of the balance within its tier, so the rate shown for a larger balance is a blend of the tiers; the part above $5,000,000 earns nothing +3 more	appnotificationslinked account required		—	monthly	bank source terms
5	Rabobank	PremiumSaverstale	5.65%	0.80%	not updated by the bank since 2026-10-13, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed grow the balance by $200 or more each month New customers are required to open and maintain a High Interest Savings Account (HISA) which is a variable rate at-call savings account which does not charge f… +1 more	appnotificationsunlimited transactionslinked account requiredjoint accounts	$0	no cap	monthly	bank source terms
6	Bank of Melbourne	Incentive Saver	5.65%	0.01%	any deposit each month grow the balance by $50 or more each month An account may be opened in a child's name when the child is under 14, with a parent, guardian, or grandparent as authorised signatory. +3 more	app	$0	no cap	monthly	bank source terms
7	BankSA	Incentive Saver	5.65%	0.01%	any deposit each month grow the balance by $50 or more each month An account may be opened in a child's name when the child is under 14, with a parent, guardian, or grandparent as authorised signatory. +3 more	app	$0	no cap	monthly	bank source terms
8	St.George Bank	Incentive Saver	5.65%	0.01%	any deposit each month grow the balance by $50 or more each month An account may be opened in a child's name when the child is under 14, with a parent, guardian, or grandparent as authorised signatory. +1 more	app	$0	no cap	monthly	bank source terms
9	ANZ Plus	Growth Saver	5.60%	0.10%	grow the balance by $100 or more each month new ANZ Plus customers must link an ANZ Plus Everyday account	appOskounlimited transactions		no cap	monthly	bank source terms
10	Suncorp Bank	Growth Saver Account	5.60%	0.10%	grow the balance by $200 or more each month no more than 1 withdrawal in the month	appOskoPayIDunlimited transactions	$0	no cap	monthly	bank source terms
11	Newcastle Permanent	Smart Saver Account	5.60%	0.05%	age 25 and over bonus: grow the balance (excluding interest) over the month and make no more than 2 withdrawals	cardappOskoPayIDBPAYunlimited transactionswallets2 free transactions a month		no cap	monthly	bank source terms
12	UBank	Save Account	5.60%	0.00%	grow the balance by $1 or more each month hold a Ubank Spend account open to Australian and New Zealand citizens and Australian permanent residents with an Australian residential address	appOskoPayIDnotificationsunlimited transactions		$1,000,000	monthly	bank source terms
13	Judo Bank	Personal Savings Accountstale	5.60%	0.05%	not updated by the bank since 2026-10-07, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed deposit $300 or more each month Can be a Joint -applicant +5 more	appjoint accounts		no cap	monthly	bank source terms
14	People First Bank / Heritage Bank	Dream Fundstale	5.55%	0.01%	not updated by the bank since 2026-09-30, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed grow the balance each month	appOskoPayIDunlimited transactions		no cap	monthly	bank source terms
15	Bankwest	Easy Saver	5.50%	5.50%	You don't have an existing Easy Saver Account already. You need an Easy Transaction Account (you can open one at the same time). You're the only account holder (no joint account holders). +1 more	appnotificationslinked account requiredno joint accounts	$0	—	monthly	bank source terms
16	Great Southern Bank	Home Saverstale	5.50%	0.50%	not updated by the bank since 2026-10-26, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed deposit $2,000 or more each month bonus needs a Great Southern Bank Everyday Edge Account +1 more	appOskoPayID	$0	$100,000	monthly	bank source terms
17	Coastline Bank	Bonus Reward Saver	5.50%	0.40%	deposit $100 or more each month no withdrawals in the month the bonus rate is only paid for a month with at least one deposit of $100 and no withdrawals; the bonus rate includes the base rate +1 more	appOskoPayIDunlimited transactions		no cap	monthly	bank source terms
18	BCU Bank	Boss Saver	5.50%	0.20%	deposit $500 or more each month 5 or more card purchases a month Bonus interest is paid on balances up to $100,000 with balances in excess of $100,000 receiving the standard rate. +2 more	appOskoPayIDunlimited transactionslinked account required		$100,000	monthly	bank source terms
19	P&N Bank	Savvy Saver Account	5.50%	0.20%	deposit $500 or more each month 5 or more card purchases a month Bonus interest is paid on balances up to $100,000 with balances in excess of $100,000 receiving the standard rate. +5 more	appOskoPayIDunlimited transactionslinked account required		$100,000	monthly	bank source terms
20	CommBank	GoalSaver	5.50%	0.10%	at least one deposit each month grow the balance each month For customers wanting to apply online, they will require an Australian residential address.	appOskoBPAYunlimited transactions	$0	no cap	monthly	bank source terms
21	Westpac	Life	5.50%	0.10%	at least one deposit each month grow the balance each month hold a Westpac everyday account in the same name +1 more	appunlimited transactions	$0	no cap	monthly	bank source terms
22	Bank of us	Spring Loadstale	5.50%	0.00%	not updated by the bank since 2026-11-02, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed bonus conditions not stated in the feed the Spring Load rate runs only for a short period (up to about four months), after which the account becomes a Stash 'n' Splash account +2 more	appOskoPayID		no cap	monthly	bank source terms
23	MyState Bank	Bonus Saver	5.50%	0.00%	deposit $20 or more each month linked transaction account required To be linked to a MyState Bank Glide Account, Everyday Account or Basic Account. +3 more	appOskoPayIDlinked account required		$500,000	monthly	bank source terms
24	Southern Cross Credit Union	Star Saver	5.45%	1.00%	grow the balance each month must be linked to an SCCU Easy Access transaction account, which may have its own monthly fee individuals aged 14 and over +2 more	—		no cap	monthly	bank source terms
25	MoveBank	Bonus Saverstale	5.45%	0.10%	not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed deposit $200 or more each month No withdrawals from the account during the calendar month. +1 more	notifications		$250,000	monthly	bank source
26	Bank Australia	Bonus Saverstale	5.35%	0.10%	not updated by the bank since 2026-10-16, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed deposit $100 or more each month no withdrawals in the month +1 more	appOskoPayIDBPAYnotificationsunlimited transactionsjoint accounts		no cap	monthly	bank source terms
27	Qudos Bank	Bonus Saverstale	5.35%	0.10%	not updated by the bank since 2026-10-14, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed deposit $100 or more each month no withdrawals in the month +2 more	appOskoPayIDBPAYjoint accounts	$0	no cap	monthly	bank source terms
28	Police Credit Union	Focus Saver Accountstale	5.35%	0.00%	not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed the bonus rate needs a balance over $200, at least $200 saved in the month and no withdrawals; no bonus in the first month interest is calculated on the minimum monthly balance, so a mid-month withdrawal or low point lowers it	appOskoPayID		no cap	monthly	bank source terms
29	Easy Street	Flex Saverstale	5.30%	5.30%	not updated by the bank since 2026-10-09, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed Australian citizens or permanent residents only	appnotificationsunlimited transactions		—	monthly	bank source terms
30	Defence Bank	Max E Saverstale	5.30%	0.10%	not updated by the bank since 2026-10-14, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed no withdrawals in the month a deposit must be made in the month as well as no withdrawals to earn the bonus +1 more	appOskoPayIDPayToBPAY	$0	no cap	monthly	bank source terms
31	Bank First	First Home Bonus Saver Accountstale	5.30%	0.05%	not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed no withdrawals in the month Only one First Home Bonus Saver Account can be held +3 more	appPayIDBPAY	$0	no cap	monthly	bank source terms
32	Hume Bank	Reward Saverstale	5.30%	0.01%	not updated by the bank since 2026-10-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed deposit $10 or more each month Minimum age 14 for new to bank customers applying online +1 more	appOskoPayIDBPAY		no cap	monthly	bank source terms
33	Bank of Sydney	BOS Saverstale	5.25%	5.25%	not updated by the bank since 2026-10-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed interest is paid only on the first $1,000,000	applinked account required		—	monthly	bank source terms
34	Macquarie Bank	Savings Accountstale	5.25%	5.25%	not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed Must have Australian mobile number Must have an email address +2 more	appOskoPayIDBPAYnotificationsjoint accounts		—	monthly	bank source terms
35	Dnister	Max Saver	5.25%	0.05%	deposit $1,500 or more each month This product is only available for personal accounts with a limit of one account per member. bonus needs a deposit of $1,500 or more in the month, no more than 4 withdrawals and no more than $1,000 withdrawn in total +2 more	appOskoPayIDBPAYlinked account required		no cap	monthly	bank source terms
36	NAB	Reward Saverstale	5.25%	0.01%	not updated by the bank since 2026-10-09, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed To receive bonus interest for the month, customer must make at least one deposit on or before the second last banking day and no withdrawals. no withdrawals in the month	appOskoPayIDBPAYunlimited transactions		no cap	monthly	bank source terms
37	Regional Australia Bank	Savings Booster Accountstale	5.25%	0.00%	not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed deposit $100 or more each month no withdrawals in the month +5 more	appOskoPayIDBPAYnotificationsunlimited transactions		$250,000	monthly	bank source terms
38	BOQ	Simple Saver Account	5.20%	5.20%	A smartphone that supports iOS 12.0+ or Android 8.0+. An Australian mobile number An Australian drivers licence or Australian passport or Medicare card +1 more	appPayID	$0	—	monthly	bank source terms
39	BankWAW	WAW Bonus Saverstale	5.20%	0.05%	not updated by the bank since 2026-10-31, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed bonus conditions not stated in the feed the bonus needs a deposit of at least $250 in the month and no withdrawals in that month	appOskoPayID		no cap	monthly	bank source terms
40	Australian Military Bank	Online Saver	5.10%	0.10%	The bonus interest rate is applicable to the full account balance when you maintain a balance between $0 and $500,000 and don’t make any withdrawals during the… open to people aged 11 and over; younger children need a parent or guardian to open it withdrawals can only go to one linked account, either an Australian Military Bank account or an external account +1 more	appOskoPayIDnotifications		$500,000	monthly	bank source terms
41	Bendigo Bank	Reward Saverstale	5.00%	0.10%	not updated by the bank since 2026-10-18, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed grow the balance each month Grow your balance every month +6 more	appunlimited transactions		no cap	monthly	bank source terms
42	The Capricornian	Bonus Saver Accountstale	4.99%	0.10%	not updated by the bank since 2026-10-08, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed 0.10% interest is applied to the entirety of the balance regardless of whether or not the bonus criteria is met. Atleast $100 has to be deposited throughout th… No Direct Debits. Direct Debits are unable to be setup to the Bonus Saver Account. +2 more	appOskoPayID		$250,000	monthly	bank source terms
43	Beyond Bank Australia	Purple Bonus Saverstale	4.90%	0.01%	not updated by the bank since 2026-10-12, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed deposit $50 or more each month No bonus interest is earned on balances greater than $200,000.01 the base rate will apply. Interest is paid monthly. BONUS TIERS +2 more	appOskoPayIDBPAYnotifications		no cap	monthly	bank source terms
44	Arab Bank Australia	Personal Online Savings Account	4.85%	4.85%	rates confirmed on the bank's own page on 2026-10-30: 3.00% below $50,000, 4.85% from $50,000 and 4.95% from $500,000 (the page's rates are current as of 7 April 2026)  Minimum opening deposit A$1  Individuals who are 18 years of age or over  Must be Australian residents for tax purposes  Successful completion of applicab…	cardapp		—	monthly	bank source
45	Unity Bank	Bonus Saver Accountstale	4.85%	0.10%	not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed deposit $100 or more each month no withdrawals in the month	OskoPayIDunlimited transactions9999999999 free transactions a month	$5waived for some	no cap	daily	bank source terms
46	ME Bank	SaveME	4.85%	0.05%	linked transaction account required A smartphone that supports iOS 12.0+ or Android 8.0+. An Australian mobile number +3 more	app	$0	$500,000	monthly	bank source terms
47	GMCU	Advantage Saverstale	4.80%	0.01%	not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed bonus interest is paid only in a month with no withdrawals (including electronic debits) and at least $20 deposited	appOskoPayIDBPAYunlimited transactions		no cap	monthly	bank source terms
48	Summerland Bank	Bonus Saver	4.75%	0.00%	deposit $100 or more each month no withdrawals in the month online applications are currently unavailable	appOskoPayIDnotificationsunlimited transactions		no cap	monthly	bank source terms
49	Gateway Bank	Goal Saverstale	4.60%	0.10%	not updated by the bank since 2026-10-13, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed grow the balance by $250 or more each month bonus interest applies only to balances up to $100,000 +1 more	appBPAY		no cap	monthly	bank source terms
50	Community First Bank	Goal Saver	4.60%	0.05%	To be eligible for Bonus Interest, the account balance must be zero or in credit: n/a deposit $50 or more each month no withdrawals in the month +1 more	app		$7,000,000	monthly	bank source terms
51	Heartland	MySavings Accountstale	4.55%	4.55%	not updated by the bank since 2026-03-13, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed To open an account, you must be an existing customer with a valid email address and an Australian mobile number. for individuals only; companies, trusts and SMSFs cannot open it +1 more	appBPAYunlimited transactions		—	monthly	bank source terms
52	Queensland Country Bank	Bonus Saver	4.55%	0.15%	no withdrawals in the month deposit $20 or more each month a transfer out of the account also forfeits the bonus, not just a withdrawal; the bonus also needs a deposit of $20 in the calendar month	appOskoPayID	$0	no cap	monthly	bank source terms
53	Orange Credit Union	Online Saverstale	4.51%	4.51%	not updated by the bank since 2026-05-08, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed	appBPAY		—	monthly	bank source terms
54	Alex.Bank	Savingsstale	4.50%	4.50%	not updated by the bank since 2026-05-12, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed not open to everyone yet: limited release with a waitlist applicants must be at least 18 years old +1 more	appunlimited transactionsno joint accounts	$0	—	monthly	bank source terms
55	AMP Bank	Cash Managerstale	4.50%	4.50%	not updated by the bank since 2026-06-24, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed also open to businesses: the bank's own words are "If you’re an Australian company , unregulated trust , or sole trader , you can apply online, and it will take 10-20 minutes to complete."	cardappOskounlimited transactionswallets	$0	—	monthly	bank source
56	BNK Bank	Cash Management Account	4.50%	4.50%	have access to an electronic device with a working internet connection the 5.10% introductory rate is for new customers (no CMA with Goldfields Money in the past 6 months), for 3 months, on balances from $20,000 to $2,000,000 (offer from 16 October 2026); a balance above $2,000,000 earns the standard rate on the excess	cardappBPAYunlimited transactionswallets		—	monthly	bank source
57	Greater Bank	Bonus Saver	4.50%	4.50%	Must be identifiable in terms of legislative requirements	appOskoPayIDnotificationsunlimited transactions		—	monthly	bank source terms
58	Laboratories Credit Union	Savvy Saver	4.36%	0.01%	Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own yo… To be eligible to join you must be at least 8 years of age and referred by a family member or friend who already has an account with LCU. Alternatively you may… the bonus rate needs deposits of at least $200 in the month and no withdrawals in the same month; otherwise only the 0.01% base rate is paid	appOskoPayIDnotifications		no cap	monthly	bank source terms
59	ANZ	Progress Saver	4.25%	0.01%	deposit $10 or more each month no withdrawals in the month to earn bonus interest, no withdrawals (including transfers), fees or charges can be processed in the month, and you need a single deposit of $10 or more +1 more	cardappOskoPayIDPayToBPAYwallets1 free transactions a month		no cap	monthly	bank source terms
60	The Mutual Bank	Bonus Saverstale	4.25%	0.00%	not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed no withdrawals in the month	appOskoPayIDBPAYnotificationsunlimited transactions		no cap	monthly	bank source terms
61	Northern Inland Credit Union	Bonus Saverstale	4.05%	0.25%	not updated by the bank since 2026-11-02, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed deposit $1 or more each month no withdrawals in the month +3 more	appOskoPayID		no cap	monthly	bank source terms
62	Credit Union SA	Bonus Savings Account	4.00%	0.01%	no withdrawals in the month bonus interest needs at least one deposit of any amount in the month as well as no withdrawals	cardappOskoPayIDBPAYnotificationsunlimited transactionsround-ups		no cap	monthly	bank source terms
63	Geelong Bank	Christmas Club Accountstale	3.75%	3.75%	not updated by the bank since 2026-10-14, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed a Christmas club account: withdrawals are restricted for most of the year You must be a member and resident of Australia +2 more	appOskoPayIDnotifications		—	annually	bank source terms
64	IMB Bank	Reward Saver Account	3.70%	0.00%	deposit $50 or more each month no withdrawals in the month Maximum withdrawals permitted before Bonus Interest is forfeited for the month: 0 +3 more	cardappOskoPayIDPayToBPAYnotificationswallets		$1,000,000	monthly	bank source terms
65	Auswide Bank	Bonus Plus Saverstale	3.56%	0.01%	not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed no withdrawals in the month bonus needs at least one deposit or credit in the calendar month as well as no withdrawals or debits	appOskoPayIDBPAYunlimited transactions		no cap	monthly	bank source terms
66	Horizon Bank	Direct	3.50%	3.50%	online account with no branch access you must be an australian citizen or resident opening needs a $2 membership share in horizon credit union, which earns no interest	appOskoPayIDPayToBPAY		—	monthly	bank source terms
67	First Option Bank	Save Account	3.44%	3.44%	introductory 4-month rate is for new accounts only a monthly membership fee applies unless the member has a $1,000 balance, a loan or credit card, is 25 or under, or is in the first 3 months you must be eligible to join First Option Bank as a member (by employer or industry, family relation of a member, former member or board-approved affinity) before opening	appOskoPayIDnotifications		—	monthly	bank source terms
68	Darling Downs Bank	Cash Manager Online	3.15%	3.15%	Must be a member of the Credit Union	appOskoPayIDBPAYunlimited transactions		—	monthly	bank source
69	Cairns Bank	Online Saver Accountstale	3.00%	3.00%	not updated by the bank since 2026-10-23, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed	app		—	monthly	bank source terms
70	Revolut	Instant Access Savings	3.00%	3.00%	the feed lists several base rates for one balance; the lowest is shown, up to 5.55% (Ultra Plan p.a. variable interest rate. Interest is earnt and paid daily. Lower interest rates appl…) the boosted rate is for new Revolut customers who open the account within a month of joining a sub-account of a Revolut account, which is required	appnotifications		—	daily	bank source terms
71	Transport Mutual Credit Union	Christmas Club Account	3.00%	3.00%	a Christmas club account: withdrawals are restricted for most of the year funds can only be withdrawn between 1 November and 31 January; withdrawing at any other time means closing the account, and it can only be reopened the following calendar year interest is credited on 31 October and 30 June only	—		—	half-yearly	bank source terms
72	Central West Credit Union	S8 E Access Saver Accountstale	2.25%	2.25%	not updated by the bank since 2026-11-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed you must first become a member by buying a $10 member share (refunded if you redeem it) only internet banking and direct deposits are allowed on this account	appunlimited transactions		—	monthly	bank source terms
73	SWS Bank	Online Saverstale	2.00%	2.00%	not updated by the bank since 2025-04-07, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed a $5 fee applies to each over-the-counter transaction in a branch interest is paid once a year on 30 June	appOskoPayIDnotifications		—	annually	bank source
74	The Mac	Christmas Saverstale	2.00%	2.00%	not updated by the bank since 2026-11-02, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed a Christmas club account: withdrawals are restricted for most of the year withdrawals only 1 November to 31 January; withdrawing at other times closes the account	appOskoPayID		—	annually	bank source terms
75	Broken Hill Bank	eCall Savings Accountstale	1.88%	1.88%	not updated by the bank since 2026-06-11, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed interest is paid only on balances up to $500,000 joint accounts need both holders to be members	appOskoPayIDunlimited transactions		—	monthly	bank source terms
76	Border Bank	Savings Plus Account	0.90%	0.90%	members aged 18 or over	cardappOskoPayIDPayTowallets		—	monthly	bank source terms
77	Police Bank	Savings Plus Account	0.90%	0.90%	must be 18 or over	appOskoPayIDPayTo		—	monthly	bank source
78	Central Murray Bank	Christmas Club Accountstale	0.55%	0.55%	not updated by the bank since 2026-07-31, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed a Christmas club account: withdrawals are restricted for most of the year funds can be taken out only from 15 November to 15 February; earlier access needs a written request +2 more	Osko		—	annually	bank source terms
79	Bank of China	Online Saverstale	0.05%	0.05%	not updated by the bank since 2026-10-01, before the Reserve Bank's cash rate rise of 4 November 2026; check its page, as the rate may have changed the feed lists several base rates for one balance; the lowest is shown, up to 2.35% (Online Saver, base rate for balance between $3,000 and $4,999,999.99.) higher rates apply only on balances from $3,000 up to $5,000,000; the rate shown is the lowest band	app		—	monthly	bank source terms

This comparison covers the rates, conditions, fees and features the banks publish in their product data, and the conditions and limits read from their terms. It does not compare every feature that may matter to you, such as how interest is calculated on a tiered balance, transfer limits, or how quickly money can be moved out. We receive no payment from any lender for inclusion or ranking.

Rates are per annum as published by the bank. A "stale" mark means the bank has not updated the record for over 60 days or since the latest cash rate change. One entry per bank per slice: its qualifying savings account with the highest rate at the slice's balance (then the highest base rate, base_rate_pct; the lowest monthly fee; the name), among accounts open to the slice's segment. kind ongoing is the conditional rate: every bonus the account pays when its monthly conditions are met, added to the base rate (or the bonus alone when the bank says it is the total rate); intro adds the introductory rate for a new account on top of that, or takes the whole introductory rate when the bank says the rate reverts; base is the base rate: paid in a month in which the bonus conditions are not all met. A bonus limited by age or to selected customers is not added (extra_bonuses). Transaction accounts, offset accounts, foreign currency and farm management deposits, term deposits filed in this category, superannuation and trust-money accounts, staff-only accounts and accounts closed to new customers are not ranked. Accounts limited by age, to pension recipients, to lenders open only to certain occupations (restriction occupation_membership) and to adviser or intermediary platforms are left out of these rankings; each slice file also carries entries_all, the same ranking with them in. A record not updated for more than 60 days before the fetch, or since before the Reserve Bank's latest cash rate change, is ranked with record_stale true and a condition saying so. Click a bank for every transaction and savings account it publishes, with every balance tier. The "source" link opens our snapshot of the bank's product record, and "terms" the terms and conditions that record links to; the account name links to the bank's own page for it.

Questions

How is a savings account different from a transaction account?

A transaction (everyday) account is for spending: it comes with a debit card, pays bills and direct debits, and usually pays little or no interest. A savings account is for holding money: it pays interest, usually has no card, and often pays its best rate only in months in which conditions are met (a minimum deposit, no withdrawals, a growing balance, or card purchases on a linked transaction account). Most banks expect the two to be held together, and many bonus savers require the linked transaction account. The banks' product data files both in one category, so this dataset separates them by name and features: account_type savings, cash_management or notice is ranked; transaction is not, but stays in rates.json and on the bank's file with unranked_reason transaction_account. Today 281 products are transaction accounts and 469 are savings-type; a few transaction accounts do pay interest, and the commentary names the highest.

What are bonus conditions?

Most of the highest rates are bonus rates: the bank pays its base rate plus a bonus in any month in which the account's conditions are met. The usual conditions are a minimum deposit each month, no withdrawals (or a cap on them), a balance that ends the month higher than it started, or a number of purchases on a linked card or transaction account. Missing a condition usually means the base rate for that month only; the account is not closed. The table lists each account's conditions as its bank's feed states them, summarised; the JSON carries the bank's own words in bonus_conditions.

What is an introductory rate?

A higher rate for the first months of a new account, usually three to six, after which the account falls to the rate shown beside it as "after N months". Choose "Introductory period" above to rank accounts by it. Weigh the introductory rate over its months plus the rate after it for the rest of the year against the best conditional rate over twelve months; introductory rates are for new customers or new accounts, and the bank's conditions say which.

Why is the base rate so low on some accounts?

On a bonus saver the base rate is what the bank pays in a month in which the conditions are missed, and the high conditional rate is the reward for meeting them every month; on many accounts the base rate is close to zero. Today 51 of the 79 banks in the default view pay a bonus, and 43 of them pay 0.10% or less in a month in which the conditions are missed. Choose "Base, bonus conditions not met" above to rank accounts by what they pay when the conditions are not all met; the leader there is often a different bank.

What does max bonus balance mean?

The most of a balance that earns the bonus rate: the part above it earns the base rate, or a lower tier. "no cap" means the bank's feed states no limit on the bonus; many accounts still have a maximum balance for the account as a whole, which the bank's page on this site shows.

Is the $250,000 government guarantee per brand or per bank?

Per bank. The Financial Claims Scheme guarantees deposits up to $250,000 per account holder at each authorised deposit-taking institution, and APRA says to count accounts the bank sells under a different name. Many brands in this table are trading names of a bigger bank, and money with any of them is money with that bank. Westpac, St.George Bank, Bank of Melbourne and BankSA are all Westpac Banking Corporation, so $200,000 in a savings account at one and $200,000 at another is $400,000 at one bank, and only $250,000 of it is guaranteed.

The banks here that sell savings accounts under more than one brand, from APRA’s list of covered institutions:

Westpac Banking Corporation: Westpac, St.George Bank, Bank of Melbourne and BankSA
Commonwealth Bank of Australia: CommBank and Bankwest
National Australia Bank Limited: NAB and UBank
Australia and New Zealand Banking Group Limited: ANZ and ANZ Plus
Bendigo and Adelaide Bank Limited: Bendigo Bank and Up
Bank of Queensland Limited: BOQ, BOQ Specialist and ME Bank
Teachers Mutual Bank Limited: Teachers Mutual Bank, Australian Mutual Bank, Firefighters Mutual Bank, Health Professionals Bank and UniBank
MyState Bank Limited: MyState Bank and Auswide Bank
Bank Australia Limited: Bank Australia and Qudos Bank
Newcastle Greater Mutual Group Ltd: Newcastle Permanent and Greater Bank
Police & Nurses Limited: P&N Bank and BCU Bank
Police Bank Ltd: Police Bank and Border Bank
Australian Military Bank Ltd: Australian Military Bank and RSL Money
Community First Credit Union Limited: Community First Bank and Easy Street
AMP Bank Ltd: AMP Bank and AMP Bank GO
Credit Union Australia Ltd: Great Southern Bank and Great Southern Bank Business+

Virgin Money shares Bank of Queensland Limited's ABN in the CDR register but APRA's list does not name it; Regional Australia Bank and Summerland Bank share an ABN in the CDR register but APRA's list does not name them as one bank; Geelong Bank and Hume Bank share an ABN in the CDR register but APRA's list does not name them as one bank. A shared ABN usually means one bank, so ask the bank before relying on separate limits.

Spreading money across brands of one bank does not add to the guarantee; spreading it across separate banks does. Each bank’s page here says which other brands share its limit. Whether any other deposit-taker is covered is not something this dataset states: APRA’s list is the source for that.

Top 10 today

The 10 highest rates for a personal savings account holding $50,000 at the conditional rate with bonus conditions met, as the page was built; the full ranking is above
#	Bank	Account	Rate p.a.	Base	Conditions
1	ING	Savings Maximiser	6.00%	0.01%	7 conditions
2	Up	Saver	5.85%	0.00%	3 conditions
3	Virgin Money	Boost Saver	5.80%	0.05%	6 conditions
4	AMP Bank GO	Save	5.75%	5.75%	6 conditions
5	Rabobank	PremiumSaverstale	5.65%	0.80%	4 conditions
6	Bank of Melbourne	Incentive Saver	5.65%	0.01%	6 conditions
7	BankSA	Incentive Saver	5.65%	0.01%	6 conditions
8	St.George Bank	Incentive Saver	5.65%	0.01%	4 conditions
9	ANZ Plus	Growth Saver	5.60%	0.10%	2 conditions
10	Suncorp Bank	Growth Saver Account	5.60%	0.10%	2 conditions

About this data

Every Australian data holder must publish its product reference data openly, without authentication, under the Consumer Data Right; that is why coverage of the register is complete and every account is described in the same fields. Savings and transaction accounts share one category there, so we fetch each brand's transaction and savings accounts, keep the savings accounts, work out what each pays at a balance with and without its bonus conditions met, and keep the bank's wording of the conditions.

That data often shortens or leaves out the conditions that decide who gets a savings rate: what counts as a deposit, age limits, membership of an employer or group, where you must live. We read each ranked account's terms, PDS and product page and quote what they state on top of the product record, re-reading those sentences daily. Where a bank's own document contradicts its product record, we follow the document until the bank republishes the record.

The same records are published as JSON, each with its source URL and the bank's last-updated time:

questions.json: what to establish before answering a savings account question, what is most often misread, and which file answers what.
best.json: the banks ranked for each segment, rate kind and balance.
/v1/compare/savings-accounts?balance=…&segment=…&rate=…: the banks ranked live at an exact balance, with who may open each account and why each other bank is left out; linked_account=no leaves out accounts that need a linked account, and new_customers_only=exclude skips introductory rates for new customers only.
/au/finance/savings-accounts/v1/best/<segment>/<kind>/<balance>.json: one of those rankings on its own (entries, which leaves out age-limited, pensioner, occupation-limited, organisation-only and adviser-platform accounts), with entries_all, the same ranking with them in, beside it, such as best/personal/ongoing/50000.json for the table above; top/personal/ongoing/50000.json is its top 10, cut to the fields needed to quote a rate.
products.json: every ranked account with its balance bands and rates as the feed states them, which is what the "or any balance" box ranks from (its note gives the rule for the rate at a balance).
rates.json: every normalised rate row, ranked or not, with balance bands, base, bonus and introductory rates, conditions, features and the reason a product is not ranked.
brands.json: the register snapshot, with each brand's ABN and the brands that share it.
index.json: the dataset index, listing the per-bank files (brands/<brand_slug>.json) and the verbatim snapshots of the banks' product records behind every row; openapi.json describes every file.

Banks

All 93 banks with a ranked savings account, each linking to every transaction and savings account it publishes.

Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. Rates change without notice, bonus interest is paid only in the months an account's conditions are met, and banks may apply conditions not captured here. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.