Australian Savings Interest Rates

Provider Rate Type
BOQ WebSavings Account

The Bank of Queensland WebSavings account is champion to maximise return on savings. This account has no monthly account maintenance fee, unlimited transactions, and balance over $2,000 get higher interest for first 4 months.

2.90%
-Apply
Jun 2018
St George Bank Maxi Saver Savings Account

Rate indicated is for a new customer and is based on the 'Maxi Saver' product.  

2.85%
-Apply
Jun 2018
Bank of Melbourne Maxi Saver

The rate of this BOM product applies to deposits up to AU$5,000,000 and may include extra bonus of 1.65% p.a. in addition to the regular variable rate.

2.85%
-Apply
Nov 2018
Citibank Australia Savings Account

Rate indicated is based on the Citibank Online Saver product. This product has a variable introductory rate for the first 4 months, while the account balance remains below $500,000.

2.85%
-Apply
Jun 2018
CBA Netbank Saver

The interest rate of return is applicable to the 'NetBank Saver' CBA product and has no bank fees but may be linked to your CBA transaction account with access to Commonwealth Bank Netbank service. It requires balances of $1 or more and existing customers receive the 'netBank Saver standard variable rate'. If you open a NetBank Saver for the first time you may receive a special bonus variable interest rate instead. 

2.51%
-Apply
Jun 2018
Westpac ESaver Online Savings Account

The rate is applicable to the the Esaver online savings account provided by Westpac. This account has no monthly service charges or balance requirements. It is an instant access account available through online, mobile and telephone banking. The account may also provide an introductory fixed bonus rate if you are a new customer. 

2.51%
-Apply
Jun 2018
ANZ Progress Saver Account

The ANZ Progress Saver product is a savings account. The indicated rate is for a savings account with a high interest bonus. This account offers base interest and in addition pays bonus interest when you make minimum one deposit of $10 or more in a month and make no withdrawals or debits in that same month. The interest is calculated daily and paid monthly.

2.40%
-Apply
Nov 2018
NAB iSaver

iSaver is a personal online savings account with no monthly account or transaction fees.

1.90%
-Apply
Jun 2018
HSBC Australia Series Saver Savings Account

The following rates apply to the HSBC 'Serious Saver' Product and you will get the following interest rate for every month you do not withdraw. However interest will not be payable for any month where you have made a withdrawal. 

Note: can be used in combination with HSBC online savings account which has Interest is calculated daily and paid monthly.

1.60%
-Apply
Jun 2018
Indigenous Traditional Credit Union Christmas Club

For amounts $1000 and over payable 30th of  November

1.5%
-Apply
Jun 2018
Government Guarantee of Australian Savings Accounts

In Australia, similar to deposits, savings accounts are a savings offering products by banks and credit unions and eligible authorised deposit taking institutions (ADIs) have their savings accounts covered by the Financial Claims Scheme (FCS) which is administered by APRA that provides a guarantee of deposits and savings accounts up to a limit per customer per bank. Please note that The Scheme does NOT apply to branches of foreign banks in Australia and foreign branches of Australian ADIs. Please visit apra.gov.au to find out more information.

Discussion

  • Q: Looking for a savings / investment account to hold savings in USD (transferred from AUD account) - Which bank in Australia offer?

    Reply Ray from Australia