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Among those who do keep track, 26% say their savings rate is below inflation, meaning their money is going backwards in real terms, while 16% say it’s roughly keeping pace. A savings account with tiered interest pays a different rate on different portions of your balance. See some of the best savings rates in Australia, among providers on our database. The table is sorted by highest maximum savings rate, then highest base interest rate. Use the filters to search for the best savings rates.

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The highest savings rate on our database right now is 5.40% p.a., offered as an intro bonus rate for new customers. ANZ Online Saver account earns a standard variable rate of interest, which is subject to change. Our highest interest savings account comes with a bundled SpendME everyday account. Because we think good saving and spending go hand-in-hand. Once you deposit $2,000 or more into your Everyday Global Account, you’ll qualify for 2% cashback on eligible tap and pay purchases under $100@accounts-2percent-cashback.

One strategy could be to have one account with a high bonus interest rate (even if it has conditions attached), but to also have some savings in an account that offers a relatively high base interest rate. The highest interest savings accounts aren’t all necessarily offered by online banks, although online providers do tend to offer more competitive rates overall. In reality, virtually all ‘traditional’ banks will also have an online application process and you may not need to go into a branch at any stage as a savings customer. With a high interest savings account, the bulk of the interest usually comes via the bonus savings rate that kicks in if you meet the eligibility criteria.

Want bonus interest on all your Save accounts?

We also provide a guide on what to do if you wish to make a complaint about us. Learn how to identify a scam or a fraud, how to protect yourself online and what to do if you think you’ve been targeted. Simple and flexible bank home loans designed for current as well as aspiring homeowners. Feature availability and design may differ based on the device, operating system, or ANZ Plus app version.

The highest bonus savings rate on our database right now is 5.40% p.a. On ING’s Savings Accelerator account for balances between $150,000 – $500,000 for the first four months. Any advice provided is general only and does not take into account your individual golden crown casino online objectives, financial situation or needs. Please consider the Product Disclosure Statement (PDS) ensure this product meets your needs before purchasing, or choosing to continue with the product.

• This is the largest amount that can be guaranteed for an individual at any one bank under the Government’s Financial Claims Scheme.
• Self managed super is easier than ever, with all you need to use, move and manage your SMSF cash in one place.
• These accounts are designed for people who are saving for retirement through a self-managed super fund (SMSF) and are looking to earn interest on their money.
• The HSBC Premier privileges set out above are current and are subject to change.
• Extra Care is an additional benefit available with Medibank Pet Insurance that can cover things like specialised therapies and the treatment of specified dental conditions.

± As long as we continue to provide the product, we’ll offer renewal of your policy every year (subject to the terms and conditions of the policy). See details in your Product Disclosure Statement. Ω Policy T&Cs, limits, exclusions and waiting periods apply. Be rewarded with a variable bonus rate for saving regularly each month. Money.com.au has strict rules and policies in place that ensure we can provide accurate and reliable information to consumers about financial products, without it being influenced by our commercial arrangements.

By using this calculator, you acknowledge and agree to the terms set out in this disclaimer. For more detailed information, please review our full terms and conditions on the website. The highest bonus savings rate on our database is 5.10% p.a., with both Rabobank and UBank offering this top rate for the first four months only.

Your money is protected by the government guarantee, with up to $250,000 per person covered by the government’s Financial Claims Scheme. With one-time pins and biometric logins, your money’s always protected by a swipe or a smile. Deposit a minimum of $2000 each month into your SpendME account. The HSBC Everyday Global Account is your one account for the world.

Choose a sum insured of up to 70% of your monthly pre-tax income (up to $12,500 per month, depending on your age).2 Medibank health members save 10% every year. Check out our webinars – run by super experts and featuring simple tips and strategies to help you take control of your super. Come along to the Annual Members’ Meeting to hear about the performance of your fund, the outlook for the year ahead, and receive answers to questions you may have. To open a joint account, please visit your nearest branch. For more information, read our Financial Services Guide.

PDS and Target Market Determination available at medibank.com.au/pet-insurance. Must quote promo code 10WEEKSPLUS and set up direct debit when joining. Medibank reserves the right to amend these Terms and Conditions from time to time.