Best savings account for regular savers

The top-rated savings accounts suitable for the everyday saver. Assumes a $10,000 starting balance and monthly deposits of $600. Excludes kids' and pensioners' accounts.

Ranking
Product
Maximum rate
Company
Base rate
Maximum monthly interest
Total interest earned
1
56 position up today

3.00%

Westpac

0.40%

$12.5

$288

2
1 position up today

1.60%*

Up

0.10%

$6.7

$152.9

3
1 position up today

1.45%*

CUA

0.05%

$6

$138.5

4
1 position up today

1.46%*

UBank

0.40%

$6.1

$139.4

5
1 position up today

1.35%*

86 400

0.15%

$5.6

$128.9

6
1 position up today

1.50%*

ING

0.10%

$6.3

$143.3

7
1 position up today

1.50%*

Australian Unity

0.25%

$6.3

$143.3

8
1 position up today

1.50%

Intro 4 months then 1.35%

Macquarie Bank

1.35%

$6.3

$143.3

9
7 position down today

1.35%*

ME Bank

0.10%

$5.6

$128.9

10
1 position up today

1.50%*

MyState Bank

0.15%

$6.3

$143.3

11
2 position up today

1.20%*

Suncorp Bank

0.10%

$5

$114.5

12
2 position up today

1.25%*

Endeavour Mutual Bank

0.25%

$5.2

$119.3

13
2 position up today

1.21%*

Heritage Bank

0.10%

$5

$115.4

14
8 position down today

1.20%*

Bank of Queensland

Gold Award Winner 2020

0.20%

$5

$114.5

15
1 position up today

1.15%*

QBANK

0.05%

$4.8

$109.7

16
1 position up today

1.15%*

Bankwest

0.01%

$4.8

$109.7

17
1 position up today

1.25%

Volt Bank

1.25%

$5.2

$119.3

18
1 position up today

1.00%*

Unity Bank

0.01%

$4.2

$95.3

19
1 position up today

1.10%*

P&N Bank

0.10%

$4.6

$104.9

20
1 position up today

1.20%*

Rabobank Australia

0.10%

$5

$114.5