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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 51–75 of 409 offers

Summerland Bank — iSave Online Promotional Offer

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
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 5.1% 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 Australia — mySaver

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
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 5.1% 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

Suncorp Bank — Growth Saver Account

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
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 5.1% 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

Defence Bank — iSaver

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
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 5.1% 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 Hero Saver

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
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 5.1% 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

Teachers Mutual Bank — Momentum Saver

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
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 5.1% 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

Rabobank — SMSF High Interest Savings Account

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
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 5.1% 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

Australian Mutual Bank — Momentum Saver

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
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 5.1% 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

ANZ Plus — ANZ Plus Flex Saver

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
p.a.
Term
At call
Deposit
$0 – $4,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.1% 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

Qudos Bank — Bonus Saver

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
p.a.
Term
At call
Deposit
$1 – $99,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.1% 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

P&N Bank — Smart Saver Account

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
p.a.
Term
At call
Deposit
$100 – $249,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • One of the most competitive variable savings rates
  • Up to 5.1% 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 — Max eSaver

High-Interest Savings Govt guaranteed
9.4 Excellent
5.10%
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 5.1% 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 — Save up

High-Interest Savings Govt guaranteed
9.4 Excellent
5.05%
p.a.
Term
At call
Deposit
$1 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.05% 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 $50/month deposit to earn the bonus rate

Easy Street Financial Services — Flex Saver

High-Interest Savings Govt guaranteed
9.4 Excellent
5.05%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.05% 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

Commonwealth Bank — Youthsaver Account

High-Interest Savings Govt guaranteed
9.4 Excellent
5.05%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.05% 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

BankVic — Bonus Saver

High-Interest Savings Govt guaranteed
9.4 Excellent
5.05%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.05% 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 $100/month deposit to earn the bonus rate

Hume Bank — Clancy Koala Account

High-Interest Savings Govt guaranteed
9.4 Excellent
5.05%
p.a.
Term
At call
Deposit
$1 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.05% 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

Westpac — Bump Account

High-Interest Savings Govt guaranteed
9.4 Excellent
5.05%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.05% 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 $0/month deposit to earn the bonus rate

Newcastle Permanent — Online Savings Account

High-Interest Savings Govt guaranteed
9.3 Excellent
5.00%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.0% 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

Teachers Mutual Bank — Essential Saver

High-Interest Savings Govt guaranteed
9.3 Excellent
5.00%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.0% 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

Commonwealth Bank — GoalSaver Account

High-Interest Savings Govt guaranteed
9.3 Excellent
5.00%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.0% 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 $0/month deposit to earn the bonus rate

Defence Bank — Kids Club

High-Interest Savings Govt guaranteed
9.3 Excellent
5.00%
p.a.
Term
At call
Deposit
$0 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.0% 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

Police Credit Union — Beans Savings Account

High-Interest Savings Govt guaranteed
9.3 Excellent
5.00%
p.a.
Term
At call
Deposit
$1 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.0% 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

Police Credit Union — Focus Saver

High-Interest Savings Govt guaranteed
9.3 Excellent
5.00%
p.a.
Term
At call
Deposit
$1 – $99,999,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.0% 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

Regional Australia Bank — Savings Booster

High-Interest Savings Govt guaranteed
9.3 Excellent
5.00%
p.a.
Term
At call
Deposit
$0 – $249,999
Interest paid
At maturity
Monthly fee
$0
View details

Pros

  • Up to 5.0% 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

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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