This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about products from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers and may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. See the rating methodology. We not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a product, you will deal directly with a financial institution, and not with RateCity. Rates and product information should be confirmed with the relevant financial institution, and you should review the PDS before you decide to purchase. See our terms of use for further details. This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.

Savings Accounts Calculator

Investing your money into a savings account is an effective strategy. This calculator is designed to help you achieve your savings goal faster. See how fast your savings can grow with regular deposits.


HISA Call Personal

Your Results

Maximum Interest Earned
Total Interest Earned
Base Rate
Maximum Rate
No end date
Bonus Conditions
Indicative Age Restrictions
>16 yrs
Account Keeping Fee
Minimum Opening Deposit
Cheque Deposit Fee
Reporting Options
Star Rating
Not yet rated Not yet rated
Total deposits
Total Interest Earned
Final balance
Updating your preferences

Learn more about Savings Accounts with the following related articles:

Compare savings accounts

Savings accounts are often tailored to differing lifestyles, so it's important to know what features you're looking for when you compare them. There is no single 'best' account, but some careful comparison using online sites such as RateCity will help you find one to suit your needs.

The interest rate is important if you like to watch your money grow. Interest rates vary greatly between types of accounts and the amount that you've saved. Traditionally, the highest rates were only available to rich folk with a tonne of cash to deposit. Thankfully, with the advent of online savings accounts high rates are available regardless of how much you have to start with.

Read More

Savings Tips

Savings tips can be a godsend during times of ever-growing debt, rising prices, and economic uncertainty. But good savings tips seem few and far between, which is why we've put together a handy guide to help you save better and longer.

Use these savings tips and compare savings accounts for some of the highest rates and lowest fees at RateCity today to really propel your money to new heights or compare some of today's best online deals in the table above.

Read More

Online Savings Account Rates

Online savings account rates are the interest rates that financial institutions offer to customers when they open an online savings account.

Due to the higher rates generally paid on online savings accounts, it pays to keep as much money as feasible in the account at all times, rather than leaving money in a transaction account which usually earns very low interest, or often no interest at all!

Before opening up an account, check out some of today's best offers from the table to the right, or visit our online savings accounts page to get some of the best deals available in Australia.

Read More

Bonus Rates

Many savings accounts offer bonus rates also known as bonus interest, to entice customers to save more money and make fewer withdrawals. There are two main forms of bonus rate accounts, which suit different types of savers. Some are offered for a limited period of time, often around four months. Others come with conditions or restrictions, such as maximum of one withdrawal in a calendar month.

The former are popular with savers who do not want to be penalised for taking money out during the month. One way to use these accounts is to deposit a large amount after pay day each month to maximise the balance on which interest is calculated, then only withdraw money as needed throughout the month. Due to the time restrictions, it is essential to regularly compare savings accounts to stay on a hot deal.

Read More

Amount Invested
Interest Earned
Months Elapsed
The graph above displays total estimated interest earned based on the requested deposit frequency and parameters entered. Note that this calculation presumes interest earned will be deposited back into the account.

All results are estimates. RateCity's terms of use apply to your use of this calculator.

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.

Find out more about our information service.
  • If you’re planning to save for a holiday, car or even a deposit for your first home our easy-to-use Savings Calculator will help you to work out how much you need to put away to reach your goals.

    Use our savings calculator to calculate the interest earned on your deposits, the time it takes to reach your target as well as the amount of tax you’ll have to pay on your interest earnings.

    Here are some points to consider to set up a practical savings goal:

    • Additional deposits – If you have a regular income having this automatically deposited into your savings account can help to grow your interest. Most accounts have this as a standard feature and there are generally no additional fees involved.

    • Savings frequency – If you’re struggling to save, making small regular deposits into your account can be a great way to start. Our savings account calculator allows you to choose the frequency of your deposit (weekly, fortnightly or monthly) as well as the deposit amount. Start with monthly investments or see how you can increase the frequency of your deposits to earn extra interest.

    Get some fast answers today with RateCity’s Savings Account Calculator.

  • RateCity's Savings Accounts Guide provides you with hints and information to help you with your decision when comparing and chosing a savings account. Whether you have a savings goal that you want to reach or if you want to earn more interest than you are currently, we provide the most up-to-date information to help you get there. RateCity will show you how to choose the best savings account to suit your needs and assist you in reaching your goals. Making money has never been so easy!

  • Savings Account Articles

    If you need help understanding what an everyday online savings account is or what a cash management account is, then you should head to our articles section. The team at RateCity have a range of easy to understand definitions to make you an expert in next to no time. Start learning from the list below.

  • Online Savings Accounts

    When you are deciding between the vast varieties of online savings accounts available, you need to be aware of the different types and restrictions that come with them. Online savings accounts don’t suit everyone because they are designed to help you save by depositing money over a period of time. If you have a lump sum of money – such as an inheritance or a bonus – you may be better off with a different investment option such as a term deposit account. But if you are looking for a savings account that will encourage you to build up your savings for a particular goal then an online savings account with a high interest rate might be your best shot. This is because many online savings accounts come with certain rules that you need to follow in order to receive the high interest rate. These include things like you must deposit a certain amount of money each month, set up an automatic savings plan where money is deposited automatically from your linked transaction account, or you have a limited amount and number of withdrawals available per month.

  • Latest Savings Account News

    Current financial support for new par...

    Jun 16, 2014

    Important changes that have either occurred or will take place some time from now emphasise the importance of saving for Australian parents.

    Three great places to retire in Austr...

    Jun 16, 2014

    One of the most important things to do when retiring is choosing where you're going to spend those golden years.

    What the federal budget means for ret...

    Jun 11, 2014

    With our compulsory super contributions happening in the background, many of us may not give much thought into placing extra dollars into our savings accounts for retirement. In fact, only 22 perce...

  • Latest Savings Account News

    Winter savings tips

    Jun 05, 2014

    While the unusually warm weather is doing its best to disguise the Australian winter, the quieter season of the year has arrived and lugging with it – our accumulated summer debt.

    How to keep cool in a financial emerg...

    May 28, 2014

    From the major to the minor, financial emergencies are a part of life. Whether it’s an unexpected bill, a direct debit you forgot about that’s higher than your bank balance or urgent repairs needed...

    SMSF market hits $539 billion

    May 23, 2014

    Australia’s booming self-managed super fund (SMSF) sector shows no signs of slowing – it’s the fastest growing sector of the Australian super industry, and in dollar value equates to three times th...

  • Latest Savings Account News

    The savings account checklist

    May 14, 2014

    With the government’s budget announcements on Tuesday night affecting a broad spectrum of Australians, many have been left to calculate the impact the budget cuts will have on their current financi...

    Federal Budget hits hip pockets

    May 14, 2014

    The Government’s first Federal Budget announcement last night confirmed what many feared - most Australians will be hit in the hip pocket.

    Lost super costing Australians thousands

    Apr 28, 2014

    If you’ve had more than one job during your career, chances are you have more than one superannuation account – and are paying more than one set of fees.

We are looking for the best product according to your search...