Best Savings Accounts

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Best Savings Accounts

Some of the best savings accounts with the highest interest rates offered are internet-based.

Are you looking for a place that you can compare some of the best savings accounts in Australia without the need to search through dozens of financial institutions’ websites? If you are, then you have come to the right place. That’s because RateCity does all the hard work for you by collecting hundreds and hundreds of savings accounts details and sorting them in an easy to use format so you can sift through what you’re looking for and avoid wasting your precious time on what you don’t want to see.

Some of the best savings accounts with the highest interest rates offered are internet-based, which means that the financial institution runs their operation online, usually comprising a call centre but generally with no branches. This means that they save on overheads and they can afford to be very competitive with interest rates and low or no fees.

When you’re doing your comparison, some of the best savings accounts usually have the following features:

  • Highest interest rates
  • No fees
  • Uncomplicated conditions
  • Helpful and friendly service
  • Automatic savings plan
  • Free transactions
  • Bonus rates

It's important to remember that what's perfect for one person is different to the next, so a savings account that suits your needs might infact have fees and lower interest rates in return for other benefits. Start comparing from a wide range of savings accounts today from the table above and find an account that is right for you.

Updating your preferences
We found 31 products that match your search

Show: 10 25 All Results

Company Product Base Rate Maximum Rate Bonus Conditions Maximum Interest Earned Go To Site
Select up to 3 products to compare
UBank USaver with Ultra 3.11% 4.17% No end date External deposit of $2000 p/m into Ultra account $17.38 per month Go to Site
BankSA Maxi Saver 2.50% 4.05% 3 months New accounts only $16.88 per month Go to Site
Bank of Melbourne Maxi Saver 2.40% 4.05% 3 months New accounts only $16.88 per month Go to Site
St.George Bank Maxi Saver 2.25% 4.05% 3 months New accounts only $16.88 per month Go to Site
ING DIRECT Savings Maximiser 2.75% 4.00% 4 months New customers only $16.67 per month Go to Site
Westpac eSaver 2.50% 4.00% 3 months New accounts only $16.67 per month Go to Site
Bank of Melbourne Incentive Saver Account 0.01% 3.90% No end date Minimum one deposit per month & no withdrawals made $16.25 per month Go to Site
ANZ Online Saver 2.50% 3.80% for 4 months reverts to base rate after 4 months $15.84 per month Go to Site
Bank of Melbourne DIY Super Saver 2.50% 3.75% 4 months New accounts only $15.63 per month Go to Site
ANZ Progress Saver 0.01% 3.71% No end date Minimum $10 deposit per month & no withdrawals made $15.46 per month Go to Site
Westpac Reward Saver - 12 to 21 0.01% 3.71% No end date Minimum one deposit per month, no withdrawals $15.46 per month Go to Site
Westpac Reward Saver 0.01% 3.71% No end date Minimum $50 deposit per month, no withdrawals $15.46 per month Go to Site
Westpac Reward Saver - Under 12 0.01% 3.71% No end date Minimum of one deposit per month, no withdrawals $15.46 per month Go to Site
Bank of Melbourne Sense Account Savings 2.85% 2.85% No end date N/A $11.88 per month Go to Site
BankSA Sense Account Savings 2.85% 2.85% No end date N/A $11.88 per month Go to Site
St.George Bank Sense Account Savings 2.85% 2.85% No end date N/A $11.88 per month Go to Site
St.George Qld/Vic/WA/Tas Sense Account Savings 2.85% 2.85% No end date N/A $11.88 per month Go to Site
ING DIRECT Savings Accelerator 2.50% 2.50% No end date N/A $10.42 per month Go to Site
Bank of Melbourne Investment Cash Account 0.75% 0.75% No end date N/A $3.13 per month Go to Site
BankSA Investment Cash Account 0.75% 0.75% No end date N/A $3.13 per month Go to Site
Bankwest Instant Saver 0.75% 0.75% No end date N/A $3.13 per month Details
St.George Bank Investment Cash Account 0.75% 0.75% No end date N/A $3.13 per month Go to Site
St.George Qld/Vic/WA/Tas Investment Cash Account 0.75% 0.75% No end date N/A $3.13 per month Go to Site
Bendigo Bank Our Community Account 0.55% 0.55% No end date N/A $2.29 per month Details
Citibank Cash Management Account 0.10% 0.10% No end date N/A $0.42 per month Go to Site

Showing 1 - 25 of 31 results

Show: 10 25 All Results

Data last updated July 29th, 2014

Maximum rate includes base rate plus bonuses, if applicable. Interest Earned is indicative only, and based on the the maximum interest rate for this product over a one month period. Conditions may apply in both instances.

Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.