Australian Savings Interest Rates

Bank Rate Type
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.

3.00%
-Apply
Feb 2017
St George Bank Savings Account

Rate indicated is based on the 'Maxi Saver' product.  

2.75%
-Apply
Feb 2017
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.

2.75%
-Apply
Feb 2017
ANZ Online Saver

The interest rate of return applies to the 'ANZ Online Saver' product. Rate is a promo product for 3 months. This account enables access to this account through a linked ANZ account through ANZ Internet Banking. Eligibility to open this account includes being aged over 16 to apply online (greater than 12 a a branch) and be living in Australia.

2.65%
-Apply
Feb 2017
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.

2.65%
-Apply
Feb 2017
Westpac 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
Feb 2017
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.

2.50%
-Apply
Feb 2017
NAB iSaver

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

1.90%
-Apply
Feb 2017
HSBC Australia 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. 

$1 - $1,000,000  3.15% p.a

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

1.60%
-Apply
Feb 2017
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