Looking to grow your savings with the best available rates in Australia? This page provides an up-to-date comparison of the top interest rates for savings accounts — helping you make informed decisions and get the most value from your money.
Savings Account (Suitable for any age)
You can withdraw money from your savings account at any time. It’s flexible and allows easy access to your funds.
The top five interest rate Savings accounts.
Best Interest Rates in Australia: Saving accounts Comparison (Suitable for any age)
Top 5 High-Interest Savings Accounts in Australia (09/2025)
| Bank / Account | Total Rate | Conditions to Earn Bonus | Balance Cap | Notes |
|---|---|---|---|---|
| ING – Savings Maximiser | 4.8% | Complete 3 monthly missions: 1. Deposit ≥ $1,000 2. Make ≥ 5 settled card purchases 3. End-of-month balance higher than last month |
$100,000 | Daily interest, paid monthly |
| Move Bank – Growth Saver | 5.0% | 1. Deposit ≥ $200 each month 2. No withdrawals in that month |
$25,000 | Daily interest, paid monthly |
| BCU Bank – Boss Saver | 4.75% | Complete 2 monthly missions: 1. Deposit ≥ $500 2. Make ≥ 5 eligible card purchases |
$100,000 | Daily interest, paid monthly; Requires linked Access Account |
| P&N Bank – Savvy Saver | 4.75% | Complete 2 monthly missions: 1. Deposit ≥ $500 2. Make ≥ 5 card purchases |
$100,000 | Daily interest, paid monthly; Requires linked Transaction Account |
| Rabobank – PremiumSaver | 4.65% | End-of-month balance must be at least $200 higher than previous month (excluding interest) | $250,000 | Daily interest, paid monthly |
Best Options by Needs
-
For the highest rate (but small balance, no withdrawals allowed):
Move Bank Growth Saver (5.0%, capped at $25,000, no withdrawals in the month) -
For large deposits:
Rabobank PremiumSaver (4.65%, capped at $250,000, must grow balance by $200+ each month) -
For everyday spending + saving combo: (all require monthly deposit + card transactions)
ING Savings Maximiser (4.8%)
BCU Boss Saver (4.75%)
P&N Savvy Saver (4.75%)
1. ING bank Savings Maximiser account
base rate 0.5%+ additional variable rate(4.75% )=total 4.8%.
Key features:
Can withdraw anytime, interest calculated on the daily balance and pay monthly
Need to meet 3 missions every month.
Balances up to $100,000.
No account fee.
Mission to earn the additional variable rate(4.8% )
| Mission 1 | Mission 2 | Mission 3 |
|---|---|---|
| Deposit $1,000+ | Make 5+ transactions | Grow your balance( more than the end of last month) |
- Deposit at least $1,000 from an external source to any personal ING account in your name (excluding Living Super and Orange One);
- Make at least 5 card purchases that are settled (and not at a ‘pending status’) using your ING debit or credit card (excluding ATM withdrawals, balance enquiries, cash advances and EFTPOS cash out only transactions); and
- Ensure that the balance of your nominated Savings Maximiser account at the end of the month (excluding interest) is higher than it was at the end of the previous month.
Summary Table
| Total Rate | Conditions to Earn Bonus Rate | Notes |
|---|---|---|
| 4.8% | Complete 3 missions | Daily interest, paid monthly; bonus applies up to $100k |
2. Move Bank Growth Saver Account
Base rate: 0.10% + Bonus rate = Total: 5.00% .
Key Features:
Interest calculated on daily balance and paid monthly.
Deposit at least $200 into the account during the month.
Make no withdrawals in the calendar month (prior to 5 pm on the last day).
Bonus applies to balances up to $25,000.
No monthly fees.
Summary Table
| Total Rate | Conditions to Earn Bonus Rate | Notes |
|---|---|---|
| 5% | Deposit ≥ $200/month + No withdrawals in that month | Daily interest, paid monthly; bonus applies up to $25k |
More information from MOVEBANK
3. BCU Bank Boss Saver Account
Base rate: 0.45% + Bonus rate: 4.30% = 4.75%
Key Features:
Can withdraw anytime, interest calculated on the daily balance and pay monthly
Need to meet 2 missions every month.
Requires a linked Access Account.
Balances up to $100,000.
No monthly fees.
Mission to earn the additional variable rate(4.3% )
| Mission 1 | Mission 2 |
| Deposit ≥ $500 /month | Make 5+ transactions |
1. Deposit ≥ $500 per month from an external bank account (or a BCU account not in your name) into your linked Access Account
2. Make ≥ 5 eligible card purchases using Access Account’s Visa Debit card (excluding ATM withdrawals, balance checks, transfers between your accounts)
Summary Table
| Total Rate | Conditions to Earn Bonus Rate | Notes |
|---|---|---|
| 4.75% | Complete 2 missions | Daily interest, paid monthly; bonus applies up to $100k |
More information from BCU Bank
4. P&N Bank Savvy Saver Account
Base rate: 0.45% + Bonus rate: 4.30% = 4.75%
Key Features:
Can withdraw anytime, interest calculated on the daily balance and pay monthly
Need to meet 2 missions every month.
Requires a linked Transaction Account
Balances up to $100,000.
No monthly fees.
Mission to earn the additional variable rate(4.3% )
| Mission 1 | Mission 2 |
| Deposit ≥ $500 /month | Make 5+ transactions |
1. Deposit ≥ $500 per month from an external bank account (or a P&N Bank account not in your name) into your linked & Transaction Account
2. Make ≥ make five or more card purchases (plastic or digital) using your linked & Transaction Account.
Summary Table
| Total Rate | Conditions to Earn Bonus Rate | Notes |
|---|---|---|
| 4.75% | Complete 2 missions | Daily interest, paid monthly; bonus applies up to $100k |
More information from P&N Bank
5. Rabobank PremiumSaver Account
Base rate: 0.6% + Bonus rate: 4.05% = 4.65%
Key Features:
Can withdraw anytime, interest calculated on the daily balance and pay monthly
Grow the balance $200+ each month
Balances up to $250,000.
No monthly fees.
Ensure your balance at the end of the month is higher than it $200 was at the end of the previous month (excluding interest earned).
Summary Table
| Total Rate | Conditions to Earn Bonus Rate | Notes |
|---|---|---|
| 4.75% | Balance needs to be higher than the previous month $200+(excluding interest earned). | Daily interest, paid monthly; bonus applies up to $250k |
More information from Rabobank
All information is subject to the information on the linked website. Please refer to the terms and conditions of the relevant website.
