Best Savings Account Rates in Australia
Compare the highest savings account interest rates from Australian banks and online lenders. Updated March 2026.
Last updated:
| Provider | Product | Rate↓ | Type | Key Features |
|---|---|---|---|---|
| ING | Savings Maximiser | 5.50% | ongoing |
|
| Ubank | USaver | 5.50% | ongoing |
|
| BOQ | Future Saver | 5.45% | ongoing |
|
| Macquarie | Savings Account | 5.35% | ongoing |
|
| ME Bank | Online Savings | 5.25% | introductory |
|
| AMP | Saver Account | 5.20% | ongoing |
|
| Virgin Money | Boost Saver | 5.10% | ongoing |
|
| Great Southern Bank | Savings Account | 5.05% | ongoing |
|
| Rabobank | High Interest Savings | 4.90% | ongoing |
|
| ANZ | Plus Save | 4.75% | ongoing |
|
| Westpac | Life Savings | 4.50% | ongoing |
|
| CommBank | Goal Saver | 4.50% | ongoing |
|
| NAB | iSaver | 4.30% | ongoing |
|
| Bankwest | Hero Saver | 4.25% | ongoing |
|
| St George | Incentive Saver | 4.10% | ongoing |
|
ING
Savings Maximiser
5.50%
ongoing- •Deposit $1,000+/month
- •Make 5+ card purchases
- •Grow balance each month
Ubank
USaver
5.50%
ongoing- •No conditions on base rate
- •Linked to Ubank transaction account
BOQ
Future Saver
5.45%
ongoing- •Must be under 25
- •Deposit $1,000+/month
Macquarie
Savings Account
5.35%
ongoing- •No ongoing conditions
- •Up to $250,000
ME Bank
Online Savings
5.25%
introductory- •Intro rate for 4 months
- •Then reverts to 4.50%
AMP
Saver Account
5.20%
ongoing- •Deposit $250+/month
- •No withdrawals
Virgin Money
Boost Saver
5.10%
ongoing- •Deposit $2,000+/month
- •Linked to Go transaction account
Great Southern Bank
Savings Account
5.05%
ongoing- •Deposit $1,000+/month
- •Up to $100,000
Rabobank
High Interest Savings
4.90%
ongoing- •No conditions
- •Up to $250,000
ANZ
Plus Save
4.75%
ongoing- •Via ANZ Plus app
- •Deposit $1,000+/month
- •Grow balance each month
Westpac
Life Savings
4.50%
ongoing- •Deposit $2,000+/month
- •Increase balance each month
- •5+ card purchases
CommBank
Goal Saver
4.50%
ongoing- •Deposit $200+/month
- •No withdrawals
NAB
iSaver
4.30%
ongoing- •No conditions on base rate
Bankwest
Hero Saver
4.25%
ongoing- •Deposit $200+/month
- •Grow balance each month
St George
Incentive Saver
4.10%
ongoing- •Deposit $200+/month
- •No withdrawals
Rates sourced from provider websites. Always verify with the provider before applying. Rates are subject to change without notice and may be subject to conditions.