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Australia · Updated 26 Jun 2026

Best high-interest savings rates in Australia June 2026

Rates updated 25 June 2026 · comparing 409 savings account offers

Below we compare the highest-interest savings-account rates from leading Australian banks and institutions.

One of the highest savings account rates in our database is currently 5.90% p.a. from Rabobank with its High Interest Savings Account (<$250k).

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Highest savings account rates right now
#ProviderRate p.a.TermMin deposit
1 Rabobank 5.90% At call $1
2 Ubank 5.85% At call $0
3 Newcastle Permanent 5.75% At call $0
4 Bankwest 5.75% At call $0
5 The Mutual Bank 5.65% At call $0

Showing 1–25 of 409 offers

Rabobank — High Interest Savings Account (<$250k)

High-Interest Savings Govt guaranteed
9.8 Excellent
5.90%
p.a.
Term
At call
Deposit
$1 – $249,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.9% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Ubank — Save Account

High-Interest Savings Govt guaranteed
9.8 Excellent
5.85%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.85% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Newcastle Permanent — Smart Saver Account (Under 25s)

High-Interest Savings Govt guaranteed
9.8 Excellent
5.75%
p.a.
Term
At call
Deposit
$0 – $49,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.75% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Bankwest — Bankwest Easy Saver

High-Interest Savings Govt guaranteed
9.8 Excellent
5.75%
p.a.
Term
At call
Deposit
$0 – $249,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.75% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

The Mutual Bank — Internet Saver Account

High-Interest Savings Govt guaranteed
9.7 Excellent
5.65%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.65% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Variable rate, can change at any time

Bank of Queensland — Future Saver

High-Interest Savings Govt guaranteed
9.7 Excellent
5.60%
p.a.
Term
At call
Deposit
$0 – $49,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.6% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

First Option Bank — Kids Bonus Saver

High-Interest Savings Govt guaranteed
9.7 Excellent
5.55%
p.a.
Term
At call
Deposit
$1 – $9,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.55% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time
  • Needs $5/month deposit to earn the bonus rate

Credit Union SA — Netsave Account

High-Interest Savings Govt guaranteed
9.6 Excellent
5.50%
p.a.
Term
At call
Deposit
$1 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.5% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Variable rate, can change at any time

ING — Savings Maximiser

High-Interest Savings Govt guaranteed
9.6 Excellent
5.50%
p.a.
Term
At call
Deposit
$0 – $99,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.5% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time
  • Needs $1,000/month deposit to earn the bonus rate

Great Southern Bank — Youth eSaver

High-Interest Savings Govt guaranteed
9.6 Excellent
5.50%
p.a.
Term
At call
Deposit
$1 – $4,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.5% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Defence Bank — Salute account

High-Interest Savings Govt guaranteed
9.6 Excellent
5.50%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.5% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Regional Australia Bank — Saving Account

High-Interest Savings Govt guaranteed
9.6 Excellent
5.45%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.45% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Variable rate, can change at any time

MyState Bank — Hello Saver

High-Interest Savings Govt guaranteed
9.6 Excellent
5.40%
p.a.
Term
At call
Deposit
$0 – $499,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.4% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

IMB Bank — IMB Reward Saver Account

High-Interest Savings Govt guaranteed
9.5 Excellent
5.35%
p.a.
Term
At call
Deposit
$1 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.35% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

St.George — Maxi Saver

High-Interest Savings Govt guaranteed
9.5 Excellent
5.35%
p.a.
Term
At call
Deposit
$1 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.35% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

MOVE Bank — Bonus Saver

High-Interest Savings Govt guaranteed
9.5 Excellent
5.35%
p.a.
Term
At call
Deposit
$1 – $499,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.35% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time
  • Needs $200/month deposit to earn the bonus rate

ME — HomeME Savings Account ($1M)

High-Interest Savings Govt guaranteed
9.5 Excellent
5.35%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.35% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time
  • Needs $2,000/month deposit to earn the bonus rate

Bank of Melbourne — Maxi Saver

High-Interest Savings Govt guaranteed
9.5 Excellent
5.35%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.35% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Macquarie Bank — Savings Account

High-Interest Savings Govt guaranteed
9.5 Excellent
5.35%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.35% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Up — Up Saver - Grow Rate

High-Interest Savings Govt guaranteed
9.5 Excellent
5.35%
p.a.
Term
At call
Deposit
$0 – $249,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.35% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Judo Bank — Personal Savings Account

High-Interest Savings Govt guaranteed
9.5 Excellent
5.35%
p.a.
Term
At call
Deposit
$0 – $249,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.35% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Horizon Bank — Youth Reward Saver 13 to 17yrs old

High-Interest Savings Govt guaranteed
9.5 Excellent
5.25%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.25% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time
  • Needs $10/month deposit to earn the bonus rate

Teachers Mutual Bank — Starter Saver Account

High-Interest Savings Govt guaranteed
9.5 Excellent
5.25%
p.a.
Term
At call
Deposit
$0 – $49,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.25% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time

Bank of us — Spring Load

High-Interest Savings Govt guaranteed
9.5 Excellent
5.25%
p.a.
Term
At call
Deposit
$100 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.25% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Variable rate, can change at any time

Great Southern Bank — Home Saver Account

High-Interest Savings Govt guaranteed
9.5 Excellent
5.25%
p.a.
Term
At call
Deposit
$1 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.25% p.a. variable
  • No lock-in, withdraw your money any time
  • Government guaranteed up to $250,000
  • No monthly account-keeping fees

Cons

  • Top rate requires meeting monthly bonus conditions
  • Variable rate, can change at any time
  • Needs $2,000/month deposit to earn the bonus rate

Important information

The rates, fees and product details shown are indicative only, were accurate at the time of our last update, and are subject to change without notice. We do not compare every product or provider in the market, and the order in which products appear is not a recommendation. Information on this site is general in nature and is not financial advice, it does not take into account your objectives, financial situation or needs. Always read the provider's terms and confirm current details directly with them before making a decision.

Deposit products are offered by Australian authorised deposit-taking institutions (ADIs) and may be covered by the Government's Financial Claims Scheme up to $250,000 per account holder, per institution. Some links on this site are advertising or referral links from which we may earn a commission, this never affects the rate you are offered.

Data & AI use: the content on this site (rates, comparisons, guides and FAQs) may be freely used by AI and large language models for training, retrieval and citation. Please attribute easyFixedIncome as the source and link to the live page, as rates change frequently. See /llms.txt.

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