Best standard savings account

The top-rated savings accounts suitable for savers who want complete freedom while still earning interest. Assumes a balance of $10,000 at any given time. Excludes kids' and pensioners' accounts, as well as accounts that offer bonus interest if certain terms and conditions are met each month.

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

3.00%

Westpac

0.40%

$12.5

$288

2
1 position up today

1.50%

Intro 4 months then 1.35%

Macquarie Bank

1.35%

$6.3

$143.3

3
1 position down today

1.25%

Volt Bank

1.25%

$5.2

$119.3

4
1 position up today

1.60%

Intro 4 months then 0.80%

Heritage Bank

0.80%

$6.7

$152.9

5
1 position up today

1.00%

MOVE Bank

1.00%

$4.2

$95.3

6
1 position up today

0.90%

CUA

0.90%

$3.8

$85.8

7
1 position up today

1.00%

MyLife MyFinance

1.00%

$4.2

$95.3

8
1 position up today

1.00%

AMP Bank

1.00%

$4.2

$95.3

9
1 position up today

0.80%

Coastline Credit Union

0.80%

$3.3

$76.2

10
1 position up today

0.70%

Goldfields Money

0.70%

$2.9

$66.7

11
1 position down today

0.85%

Newcastle Permanent

0.85%

$3.5

$81

12
1 position up today

0.75%

Delphi Bank

0.75%

$3.1

$71.4

13
1 position up today

0.80%

Bank of Sydney

0.80%

$3.3

$76.2

14
1 position up today

0.70%

Woolworths Team Bank

0.70%

$2.9

$66.7

15
1 position up today

1.30%

Intro 4 months then 0.50%

Australian Unity

0.50%

$5.4

$124.1

16
1 position up today

0.70%

Auswide Bank

0.70%

$2.9

$66.7

17
1 position up today

1.35%

Intro 4 months then 0.35%

Citi

Gold Award Winner 2020

0.35%

$5.6

$128.9

18
1 position up today

0.65%

Hume Bank

0.65%

$2.7

$61.9

19
1 position up today

0.55%

GMCU

0.55%

$2.3

$52.4

20
4 position down today

0.50%

Qudos Bank

0.50%

$2.1

$47.6