If the best savings accounts we have selected are not what you're looking for you can compare over 180 accounts in our database to find the right one for you.
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these ):
The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
Ubank High Interest Save Account
This account has a Finder Score of 9.7.
ING Savings Maximiser
This account has a Finder Score of 9.7.
Macquarie Savings Account
This account has a Finder Score of 9.18.
Westpac Life (18-29 year olds only)
Bank of Queensland Future Saver Account - 14 to 35 years
This account has a Finder Score of 9.7.
Great Southern Bank Youth eSaver Account (0-17 year olds only)
This account has a Finder Score of 3.65.
The higher the interest rate, the more interest you'll earn and the more your balance will grow. This is the most important feature to consider when choosing your account.
Savings accounts shouldn't charge you any fees. If you're getting charged a fee, know that this is not common and there are plenty of fee-free accounts.
Savings accounts typically have monthly deposit requirements or spending conditions to earn the high bonus rate. Make sure you can meet these.
The best savings account for you will depend on your age, financial situation, savings goals and spending habits. Here are a few different hypothetical examples of how you might pick a savings account based on your personal savings style.
The best savings account for you will likely be one with the following:
Let's say you want to give your savings a boost for 3-5 months only to help you save for an overseas holiday or another large purchase. Because you're saving for a specific goal in the near future, you aren't planning to keep your cash in the account for too long and you don’t want to have to meet any ongoing monthly conditions.
The best savings account for you will likely be one with the following:
Let's say you don't earn a regular income, or you're currently not in a position to meet a monthly deposit condition. Plus, perhaps you're also prone to dipping into your savings from time to time for impulse purchases or unexpected expenses.
The best savings account for you will likely be one with the following:
"People often ask why keep cash in a savings account when shares can offer better long-term returns historically. There are several answers: a savings account offers certainty, security, and acts as a financial safety net. It is safer and delivers a more predictable return than shares, and you can quickly access your cash when needed."
Usually savings accounts are connected to transaction accounts and instead of the money sitting in your bank account, you can transfer it to your savings account and it'll earn interest (if you meet the account conditions, of course). The special thing about savings account interest is its compound interest, meaning you'll earn interest on your interest.
Wondering which bank is best to open up your savings account with? Chances are you may be thinking of joining the Big Four. We've put together this pros and cons list of the Big Four VS smaller banks to help you make a decision easier.
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In most cases, you can apply and open a savings account online, as long as you're able to provide documentation that confirms your identity and residency. If you're a new customer to the bank, you'll need to verify your identity for legal reasons. For the online savings and bonus saver accounts, most banks will allow an Australian to have an account opened in their name from birth.
Australian households will save 4.8% of their disposable household income in 2025, equivalent to $2,716 per year.
You can open a joint savings account with another person to save for a shared goal. Here's how they work and how to find the best joint savings account for you.
Four steps to creating an emergency savings fund and how much money you should aim to keep in it.
Wanting to save money doesn’t make it easier, but this free template helps.
Financial difficulties can compound the problems faced by survivors of domestic violence. This guide includes a list of support services that can help, and advice on how to financially plan an exit strategy for abusive relationships.
Gift savings accounts are just the beginning for starting kids off on the right track to a secure financial future.
A simple feature like compound interest can make a big difference in how your savings grow.
Kickstart your savings plan with a high interest savings account.
Our range of simple calculators can help you plan your finances and compare potential interest earned.
DOES THE AUSTRALIAN GOVERNMENT GIVE A GUARANTEE OF BACKING TO ALL BANKS AND BUILDING SOCIETIES IF WE HAVE A DOWNTURN IN AUSTRALIA.
Hi Jay,
Thanks for your question.
The Australian Government offers the Government Guarantee to financial institutions that are Authorised Deposit-taking Institutions (ADIs) and are registered under ASIC and APRA – so most Australian banks, credit unions and building societies.
Here on finder.com.au we only display the financial institutions that are covered.
Hope this helps.
Can i access payment asap
Hi Ejay,
Thanks for posting your question on finder.com.au – a third party comparison website.
To answer your question properly I’ll need a bit more information.
Hey, i was wondering if i am 15 years old and i am looking for a combination of high interest rates for a savings account and e banking accessibility what is my best option. Thanks
Tom
Hi Tom,
Thanks for your question.
Since you’re under the age of 16 you might need your parent’s help to open an account.
At the time of writing the highest rate in our comparison is 3.60% p.a offered by the ME Online Savings Account (conditions apply). You may also compare available high-yield savings accounts available today.
Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.
Hope this helps.
Cheers,
Shirley
hello
we have $300,000 to invest for initially 12 months (may be longer) and will add around $3,000 each month to this. What is the best way to do this please ?
thanks so much – great website by the way
Caroline
Hi Caroline,
Thanks for your question.
You can insert those figures into our calculator above and then sort by the ‘interest earned’ column – this will generate the accounts that award you the most interest.
You may also be interested in our page on accounts where the maximum rate applies over $250,000.
Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.
Hope this helps,
Shirley
if i deposit 100 dollars a week for 32 years at the standard compound interest rate how much will i have after 32 years
Hi John,
The amount you receive will depend on the interest rate. Please use our calculators to help you figure this out.
Cheers,
Shirley