Best saving rates amongst Australian banks, RateCity reveals

Best saving rates amongst Australian banks, RateCity reveals
Best saving rates amongst Australian banks, RateCity reveals

Big four bank standard savings accounts

These accounts have no ongoing terms and conditions. They typically include an introductory period which offers bonus interest for several months, before dropping to a low ongoing rate.

Bank

Product Name

Base Rate

Intro Rate 

Max Rate

 

CBA

Net Bank Saver

0.10%

1.55%

1.65%

 

Westpac

eSaver

0.10%

1.56%

1.66%

 

NAB

iSaver

0.11%

1.44%

1.55%

 

ANZ

Online Saver

0.10%

1.50%

1.60%

 

Note: Max rate is the base and bonus added together 

Big four bank conditional savings accounts

These accounts require you to meet certain terms and conditions, such as one deposit a month and no withdrawals, in order to qualify for the bonus interest that month.

Bank

Product

Base Rate 

Bonus Rate 

Max Rate

 

 

CBA

Goal Saver

0.01%

0.89%

0.90%

 

 

Westpac

Life

0.45%

1.20%

1.65%

 

 

NAB

Reward Saver

0.11%

1.39%

1.50%

 

 

ANZ

Progress Saver

0.01%

1.59%

1.60%

 

 

Note: Note: Max rate is base and bonus added together

Rates based on balances less than $50,000. The Commonwealth Bank of Australia offers higher rates for larger deposits.

Highest ongoing savings rates on RateCity.com.au

Bank

Max rate

Conditions

Xinja

2.25%

Must have linked bank account

Up

2.25%

4 card purchases from everyday acct

86 400

2.25%

Deposit of $1000 in everyday acct

BOQ

2.15%

Deposit of $1000 in everyday acct

UBank

2.10%

Deposit of $250 in transaction acct

Note: excludes kids savers and introductory rates.

Tags: 
Savings Savings Account

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