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Rates checked 27 Oct 2026Ubank Save 5.35%ING Savings Maximiser 5.75%ING Savings Booster 5.65%Rate tracker
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Savings rate tracker · Bank data 27 Oct 2026

Australian Savings Rate and Bank Bonus Tracker 2026

A clean tracker for high-interest savings rates, bonus rules and sign-up offers in Australia, built for people who want the best cash setup without reading ten product pages.

By Lee – MoneyHackHQ · General information, not personal financial advice

Quick verdict

Ubank is our first spending-and-savings option to compare if you can reliably meet its monthly net-growth rule. Macquarie is the cleaner no-hoops savings account. Bankwest and NAB are worth comparing for intro/bonus rates, while ING can be strong if you reliably hit its stricter monthly conditions.

This page is the directory-style version of my savings content. The reviews are still useful when you want the full product experience, but this tracker is for the immediate question: where does cash earn a competitive rate, what rule do you need to hit, and is there a sign-up offer worth caring about?

The rates below are variable. Banks can change them after RBA decisions or product updates, so treat this as a decision shortlist and confirm the live product page before moving a large balance.

The table below uses bank product APIs and shows each account’s retrieval date. Introductory offers, ongoing rates and special eligibility are shown separately.

ING: $100 sign-up bonus

Open both a Savings Booster and Orange Everyday using referral code FCL865, then complete the following by 30 November 2026:

  • Enter FCL865 during your application.
  • Deposit a total of at least $1,000 from outside ING into your new Orange Everyday within a single calendar month during the offer period.
  • Make five settled card purchases with your new Orange Everyday card within a single calendar month during the offer period.

You must not have held either Orange Everyday or Savings Booster since 1 July 2019, even if the account is now closed. The $100 is usually paid within 30 days of qualifying, although it can take longer. Your Orange Everyday must remain active and unrestricted for payment.

Get the ING $100 offer

We may also receive $100 when you qualify. This one-off offer requires Savings Booster and Orange Everyday; it is separate from Savings Maximiser interest and its monthly conditions. Other promotions may not combine with this offer. Full offer details.

Australian savings rate tracker

AccountRate p.a.To get it
Ubank Save5.35%Eligible intro 6.25% for 4 months; then 5.35%. 5.35% p.a. on the first $1,000,000; 0.00% p.a. on the portion above $1,000,000Hold Spend and meet the monthly Save balance-growth condition; welcome eligibility differs for shared accounts. Retrieved 28 Oct 2026, 17:33 GMT+0800.
Ubank Save: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 17:33 GMT+0800. Bank product information

Ongoing: 5.35% p.a. on the first $1,000,000; 0.00% p.a. on the portion above $1,000,000.

Eligible introductory period (4 months): 6.25% p.a. on the first $1,000,000; 0.00% p.a. on the portion above $1,000,000. New-customer and monthly conditions apply.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • BONUS 5.35%: Everyday Bonus Rate Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month.
  • BONUS 5.35%: Everyday Bonus Rate Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month.
  • BONUS 5.35%: Everyday Bonus Rate Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month.
  • BONUS 0.00%: Everyday Bonus Rate Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month.
  • INTRODUCTORY 0.90%: Welcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. P4M
  • INTRODUCTORY 0.90%: Welcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. P4M
  • INTRODUCTORY 0.90%: Welcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. P4M
  • INTRODUCTORY 0.00%: Welcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. P4M

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

ING Savings Maximiser5.75%5.75% p.a. on the first $100,000; 0.01% p.a. on the portion above $100,000Orange Everyday, external deposit, settled purchases and savings growth; benefits apply next month. Last successful retrieval 27 Oct 2026, 11:33 GMT+0800 — latest check failed.
ING Savings Maximiser: bank rates, conditions and retrieval date

Last successful retrieval 27 Oct 2026, 11:33 GMT+0800 — latest check failed. Bank product information

Ongoing: 5.75% p.a. on the first $100,000; 0.01% p.a. on the portion above $100,000.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 0.01%:
  • BONUS 5.74%: When the criteria is met in a calendar month, the benefits and additional variable rate will apply in the next calendar month. Available on one account for balances up to $100,000. P1M For customers who also have an Orange Everyday bank account and do this each month: Make 5 or more settled (not pending) eligible ING card purchases 5 For customers who also have an Orange Everyday bank account and do this each month: Deposit at least $1,000 from an external source to an Orange Everyday, Savings Maximiser, Savings Accelerator, Personal Term Deposit, ING Personal Loan or ING Home Loan in your name. 1000.00 For customers who also have an Orange Everyday bank account and do this each month: Grow their nominated Savings Maximiser balance (excluding interest earned for the current month). 0.01

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

ING Savings Booster5.65%Eligible intro 6.25% for 4 months; then 5.65%. 5.65% p.a. on the first $500,000; 2.50% p.a. on the portion above $500,000 up to $2,000,000; 0.00% p.a. on the portion above $2,000,000Meet the monthly balance-growth condition; welcome offer is for eligible new-to-ING savings customers. Retrieved 28 Oct 2026, 15:32 GMT+0800.
ING Savings Booster: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 15:32 GMT+0800. Bank product information

Ongoing: 5.65% p.a. on the first $500,000; 2.50% p.a. on the portion above $500,000 up to $2,000,000; 0.00% p.a. on the portion above $2,000,000.

Eligible introductory period (4 months): 6.25% p.a. on the first $500,000; 2.50% p.a. on the portion above $500,000 up to $2,000,000; 0.00% p.a. on the portion above $2,000,000. New-customer and monthly conditions apply.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 2.50%:
  • VARIABLE 0.00%:
  • INTRODUCTORY 0.60%: On balances up to $500,000, if you haven't previously held a personal savings account with ING, for a period of 4 months from the date of account opening. The Welcome rate applies in addition to the Base rate and, if applicable, the Boost rate. P1M This offer applies to new accounts opened within the first four months.
  • BONUS 3.15%: Grow your account balance by at least $100 this month (not including any interest earned). Eligibility is assessed at the end of the month. Grow your account balance by at least $100 this month (not including any interest earned). 100.00

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

Macquarie Savings5.25%5.25% p.a. on the first $250,000; 5.05% p.a. on the portion above $250,000 up to $2,000,000; 4.60% p.a. on the portion above $2,000,000No monthly deposit, card-purchase or balance-growth qualification; stepped balance tiers apply. Retrieved 28 Oct 2026, 15:32 GMT+0800.
Macquarie Savings: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 15:32 GMT+0800. Bank product information

Ongoing: 5.25% p.a. on the first $250,000; 5.05% p.a. on the portion above $250,000 up to $2,000,000; 4.60% p.a. on the portion above $2,000,000.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 5.25%:
  • VARIABLE 5.05%:
  • VARIABLE 4.60%:

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

Westpac Life5.25%5.25% p.a. on the eligible balanceDeposit, keep a non-negative balance and grow it by the last business day. Age/card-purchase offers are separate. Last successful retrieval 28 Oct 2026, 08:33 GMT+0800 — latest check failed.
Westpac Life: bank rates, conditions and retrieval date

Last successful retrieval 28 Oct 2026, 08:33 GMT+0800 — latest check failed. Bank product information

Ongoing: 5.25% p.a. on the eligible balance.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 0.10%: Standard variable base rate (when no standard variable bonus rate applies). Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account on the last business day of the month.
  • BONUS 5.15%: Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account on the last business day of the month. P1M Account balance must not fall below $0 at any time. Make at least one deposit. Interest paid into the account doesn?t count. Account balance on the last business day of the month is higher than the account balance on the last business day of the previous month. 1 DEPOSIT_BALANCE_INCREASED 0.01
  • BONUS 0.70%: Be aged 18-40 with a Westpac Life and Westpac Choice account in your name (Joint accounts are not eligible and only one Spend&Save offer applies per customer). If you have multiple Westpac Life accounts, only the earliest opened account is eligible for bonus interest. Make at least 20 eligible purchases with the Debit Mastercard� linked to your Westpac Choice account. Purchases must be settled (not pending) by 11:59pm Sydney time on the second last business day within a month. Offer may be varied or withdrawn at any time. P1M On up to $150,000 Spend&Save variable bonus rate. You must make 20 eligible purchases with the debit card linked to your Westpac Choice account 20

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

Up Savers5.60%5.60% p.a. on the first $250,000; 2.00% p.a. on the portion above $250,000Qualifying card purchases and no withdrawals for Grow; withdrawals receive Flow after purchase qualification. Combined Saver cap applies. Retrieved 28 Oct 2026, 15:32 GMT+0800.
Up Savers: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 15:32 GMT+0800. Bank product information

Ongoing: 5.60% p.a. on the first $250,000; 2.00% p.a. on the portion above $250,000.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 0.00%:
  • BONUS 3.60%: Earn a total 5.60% on any eligible Saver when you make 5 or more eligible card purchases from your Everyday Account and no withdrawals are made from that Saver during the month. No monthly deposit required. MIN_PURCHASES 5 MAX_WITHDRAWALS 0
  • BONUS 2.00%: Earn a total 2.00% on any eligible Saver you withdraw from during the month, when you make 5 or more eligible card purchases from your Everyday Account. MIN_PURCHASES 5
  • BONUS 2.00%: This rate applies to the portion of your combined Saver balances above $250,000, when no withdrawals are made during the month and you make 5 or more eligible card purchases from your Everyday Account. MIN_PURCHASES 5 MAX_WITHDRAWALS 0

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

Up Essentials Saver2.00%2.00% p.a. on the eligible balanceEssentials Saver is separate from ordinary Savers. Check the bank for current eligibility and temporary concessions. Retrieved 28 Oct 2026, 16:32 GMT+0800.
Up Essentials Saver: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 16:32 GMT+0800. Bank product information

Ongoing: 2.00% p.a. on the eligible balance.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 2.00%:

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

Bankwest Easy Saver5.25%Eligible intro 6.00% for 4 months; then 5.25%. 5.25% p.a. on the first $250,000.99; 2.35% p.a. on the portion above $250,000.99Eligible new-account introductory offer; previous-intro exclusions apply. Competition and selected-customer rates excluded. Retrieved 28 Oct 2026, 16:32 GMT+0800.
Bankwest Easy Saver: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 16:32 GMT+0800. Bank product information

Ongoing: 5.25% p.a. on the first $250,000.99; 2.35% p.a. on the portion above $250,000.99.

Eligible introductory period (4 months): 6.00% p.a. on the first $250,000.99; 5.05% p.a. on the portion above $250,000.99. New-customer and monthly conditions apply.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 2.35%: Variable Credit Interest.
  • VARIABLE 2.35%: Variable Credit Interest.
  • VARIABLE 2.35%: Variable Credit Interest.
  • VARIABLE 5.25%: Variable Credit Interest.
  • INTRODUCTORY 0.75%: 4 month variable introductory rate The variable introductory rate is paid on a tiered basis on all balances in the account. The Easy Saver variable introductory rate only applies to new accounts. Not available if you've had the introductory rate on an Easy Saver Account in the last two years. Variable introductory rate and term are set out in the welcome letter. At the end of the introductory rate term, the account reverts to the Easy Saver standard variable rate applicable at that time. Only one account allowed per customer (not available for joint accounts).
  • INTRODUCTORY 2.70%: 4 month variable introductory rate The variable introductory rate is paid on a tiered basis on all balances in the account. The Easy Saver variable introductory rate only applies to new accounts. Not available if you;ve had the introductory rate on an Easy Saver Account in the last two years. Variable introductory rate and term are set out in the welcome letter. At the end of the introductory rate term, the account reverts to the Easy Saver standard variable rate applicable at that time. Only one account allowed per customer (not available for joint accounts).
  • INTRODUCTORY 2.70%: 4 month variable introductory rate The variable introductory rate is paid on a tiered basis on all balances in the account. The Easy Saver variable introductory rate only applies to new accounts. Not available if you've had the introductory rate on an Easy Saver Account in the last two years. Variable introductory rate and term are set out in the welcome letter. At the end of the introductory rate term, the account reverts to the Easy Saver standard variable rate applicable at that time. Only one account allowed per customer (not available for joint accounts).
  • INTRODUCTORY 2.70%: 4 month variable introductory rate The variable introductory rate is paid on a tiered basis on all balances in the account. The Easy Saver variable introductory rate only applies to new accounts. Not available if you've had the introductory rate on an Easy Saver Account in the last two years. Variable introductory rate and term are set out in the welcome letter. At the end of the introductory rate term, the account reverts to the Easy Saver standard variable rate applicable at that time. Only one account allowed per customer (not available for joint accounts).

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

Bankwest Hero Saver5.35%5.35% p.a. on the first $250,000.99; 0.10% p.a. on the portion above $250,000.99 up to $5,000,000.99; 0.00% p.a. on the portion above $5,000,000.99Meet the monthly balance-growth condition. Bonus applies only within the eligible balance tier. Retrieved 28 Oct 2026, 16:32 GMT+0800.
Bankwest Hero Saver: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 16:32 GMT+0800. Bank product information

Ongoing: 5.35% p.a. on the first $250,000.99; 0.10% p.a. on the portion above $250,000.99 up to $5,000,000.99; 0.00% p.a. on the portion above $5,000,000.99.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 0.00%: Credit interest will be paid in respect of each day at Your Credit Interest Rate current on that day.
  • VARIABLE 0.10%: Credit interest will be paid in respect of each day at Your Credit Interest Rate current on that day.
  • VARIABLE 0.10%: Credit interest will be paid in respect of each day at Your Credit Interest Rate current on that day.
  • BONUS 0.00%: Bonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate on that day if the total amount of deposits (excluding interest) exceeds the total amount of withdrawals in that month. Bonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate current on that day if the account balance (excluding interest) at the close of business hours on the last business day of the month is higher than at the first business day of the month. Bonus interest is only applicable for deposit balance up to $250,000.99 and amounts over this amount will not be eligible for the bonus interest.Bonus rates applied may vary. Terms and conditions may apply. 0.01
  • BONUS 0.00%: Bonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate on that day if the total amount of deposits (excluding interest) exceeds the total amount of withdrawals in that month. Bonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate current on that day if the account balance (excluding interest) at the close of business hours on the last business day of the month is higher than at the first business day of the month. Bonus interest is only applicable for deposit balance up to $250,000.99 and amounts over this amount will not be eligible for the bonus interest.Bonus rates applied may vary. Terms and conditions may apply. 0.01
  • BONUS 5.25%: Bonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate on that day if the total amount of deposits (excluding interest) exceeds the total amount of withdrawals in that month. Bonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate current on that day if the account balance (excluding interest) at the close of business hours on the last business day of the month is higher than at the first business day of the month. Bonus interest is only applicable for deposit balance up to $250,000.99 and amounts over this amount will not be eligible for the bonus interest.Bonus rates applied may vary. Terms and conditions may apply. 0.01

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

CommBank NetBank Saver2.30%Eligible intro 5.50% for 5 months; then 2.30%. 2.30% p.a. on the eligible balanceFirst NetBank Saver introductory offer. Joint holders must qualify; linked-account fees may apply. Retrieved 28 Oct 2026, 16:32 GMT+0800.
CommBank NetBank Saver: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 16:32 GMT+0800. Bank product information

Ongoing: 2.30% p.a. on the eligible balance.

Eligible introductory period (5 months): 5.50% p.a. on the eligible balance. New-customer and monthly conditions apply.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 2.30%:
  • INTRODUCTORY 3.20%: Fixed bonus margin for the first 5 months on your first NetBank Saver. The variable introductory interest rate will not apply to NetBank Saver accounts which are jointly owned where one of the account holders has previously held a NetBank Saver account. P5M Fixed bonus margin for the first 5 months on your first NetBank Saver. Fixed bonus margin for the first 5 months on your first NetBank Saver. The introductory interest rate will not apply to NetBank Saver accounts which are jointly owned where one of the account holders has previously held a NetBank Saver account.
  • VARIABLE 2.30%: The variable interest rate may vary from time-to-time, as set out in your letter of offer, and subject to terms and conditions.
  • VARIABLE 2.30%: The variable interest rate may vary from time-to-time, as set out in your letter of offer, and subject to terms and conditions.
  • VARIABLE 2.30%: The variable interest rate may vary from time-to-time, as set out in your letter of offer, and subject to terms and conditions.

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

CommBank GoalSaver5.25%5.25% p.a. on the eligible balanceMake a deposit and grow the balance during the month, excluding interest and bank-initiated transactions. Retrieved 28 Oct 2026, 16:32 GMT+0800.
CommBank GoalSaver: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 16:32 GMT+0800. Bank product information

Ongoing: 5.25% p.a. on the eligible balance.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 0.10%: The standard variable rate applies if the bonus conditions are not met. The standard variable credit interest rate is paid on your entire account balance.
  • BONUS 5.15%: We pay bonus interest on top of the standard variable credit interest rate on credit balances if you: 1) Make at least one deposit each calendar month into your account; and 2) Have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). One variable bonus interest rate applies to your entire balance. The interest rate depends on how much you have in your account. We pay bonus interest on top of the standard variable credit interest rate on credit balances if you make at least one deposit each calendar month into your account. 1 We pay bonus interest on top of the standard variable credit interest rate on credit balances if you have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). 0.01
  • BONUS 5.15%: We pay bonus interest on top of the standard variable credit interest rate on credit balances if you: 1) Make at least one deposit each calendar month into your account; and 2) Have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). One variable bonus interest rate applies to your entire balance. The interest rate depends on how much you have in your account. We pay bonus interest on top of the standard variable credit interest rate on credit balances if you make at least one deposit each calendar month into your account. 1 We pay bonus interest on top of the standard variable credit interest rate on credit balances if you have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). 0.01
  • BONUS 5.15%: We pay bonus interest on top of the standard variable credit interest rate on credit balances if you: 1) Make at least one deposit each calendar month into your account; and 2) Have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). One variable bonus interest rate applies to your entire balance. The interest rate depends on how much you have in your account. We pay bonus interest on top of the standard variable credit interest rate on credit balances if you make at least one deposit each calendar month into your account. 1 We pay bonus interest on top of the standard variable credit interest rate on credit balances if you have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). 0.01
  • BONUS 5.15%: We pay bonus interest on top of the standard variable credit interest rate on credit balances if you: 1) Make at least one deposit each calendar month into your account; and 2) Have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). One variable bonus interest rate applies to your entire balance. The interest rate depends on how much you have in your account. We pay bonus interest on top of the standard variable credit interest rate on credit balances if you make at least one deposit each calendar month into your account. 1 We pay bonus interest on top of the standard variable credit interest rate on credit balances if you have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). 0.01

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

NAB Reward Saver5.25%5.25% p.a. on the eligible balanceDeposit by the second-last banking day and make no withdrawals that month. Retrieved 28 Oct 2026, 16:32 GMT+0800.
NAB Reward Saver: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 16:32 GMT+0800. Bank product information

Ongoing: 5.25% p.a. on the eligible balance.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 0.01%: Earn the base interest rate even if you withdraw your savings Not applicable
  • BONUS 5.24%: Earn bonus interest for each month that you make at least one deposit before the second last banking day of that month and no withdrawals during that month To receive bonus interest for the month, customer must make at least one deposit on or before the second last banking day and no withdrawals.

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

NAB iSaver1.85%Eligible intro 5.50% for 4 months; then 1.85%. 1.85% p.a. on the first $20,000,000; 1.85% p.a. on the portion above $20,000,000Introductory margin requires no iSaver in the preceding 12 months; all joint holders must qualify. Bank balance limits apply. Retrieved 28 Oct 2026, 16:32 GMT+0800.
NAB iSaver: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 16:32 GMT+0800. Bank product information

Ongoing: 1.85% p.a. on the first $20,000,000; 1.85% p.a. on the portion above $20,000,000.

Eligible introductory period (4 months): 5.50% p.a. on the first $20,000,000; 1.85% p.a. on the portion above $20,000,000. New-customer and monthly conditions apply.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 1.85%: At a minimum, you'll get this rate (subject to change) on your balance, regardless of how many transactions you make. Not applicable
  • BONUS 3.65%: In addition, you'll also get this for the first four months after opening your first NAB iSaver account for balances up to $20 million. Introductory bonus margin is only available for a period of 4 months to customers who have not held a NAB iSaver in the last 12 months (on balances up to $20 million).

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

ANZ Plus Growth Saver5.35%5.35% p.a. on the first $999,999,999.99Grow the balance each month, excluding interest. ANZ Plus is separate from other ANZ savings products. Retrieved 28 Oct 2026, 16:32 GMT+0800.
ANZ Plus Growth Saver: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 16:32 GMT+0800. Bank product information

Ongoing: 5.35% p.a. on the first $999,999,999.99.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 0.10%: ANZ Plus Growth Saver Rates
  • BONUS 5.25%: Grow $100 by last business day of month Grow your savings by $100 or more (on top of any interest you receive) each month to earn a bonus rate with ANZ Plus Growth Saver. Grow your savings by $100 or more (on top of any interest you receive) each month to earn a bonus rate with ANZ Plus Growth Saver 100.00

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

Bank data 27 Oct 2026. Variable rates can change; confirm with the bank before moving money.

For help choosing between ongoing, introductory and conditional rates, read our Australian high-interest savings account comparison. Use the table dates and each bank’s current terms before moving money.

The rate is not the whole answer. In a hypothetical example, a 5.25% account with awkward monthly rules can be worse than a 5.00% account you earn every month without thinking.

Best savings account picks right now

Best rate + bonus

Ubank

Compare Ubank for the combination of everyday banking, conditional savings interest and a separate referral reward. The Everyday Bonus Rate is 5.35% p.a., and eligible new customers may get a 6.25% p.a. welcome rate for 4 months.

Best no-hoops pick

Macquarie

Macquarie is the no-monthly-conditions savings option. ING Savings Booster pays 6.25% p.a. for an eligible four-month welcome period, then 5.65% p.a. on up to $500,000 when you grow the balance by at least $100 each month, excluding interest. Savings Maximiser is a separate ING account with different conditions.

Best intro/short-term checks

Bankwest, NAB, CommBank

Intro rates can be useful if you are organised. Just set a reminder before the intro period ends or you can drift onto a much weaker standard rate.

Ubank sign-up offer and referral code

Ubank’s invitee page says new customers can score a $30 offer. To use this setup, open Ubank through the referral page, enter code AFWLLL7, and complete the eligible card-purchase requirement inside the offer window.

Want the Ubank offer?

Use referral code AFWLLL7 during signup, then make the required eligible settled card purchases within your first 30 days.

Join Ubank — $30 signup bonus · code AFWLLL7
Up and Ubank: offer and account conditions
Up Savers: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 15:32 GMT+0800. Bank product information

Ongoing: 5.60% p.a. on the first $250,000; 2.00% p.a. on the portion above $250,000.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 0.00%:
  • BONUS 3.60%: Earn a total 5.60% on any eligible Saver when you make 5 or more eligible card purchases from your Everyday Account and no withdrawals are made from that Saver during the month. No monthly deposit required. MIN_PURCHASES 5 MAX_WITHDRAWALS 0
  • BONUS 2.00%: Earn a total 2.00% on any eligible Saver you withdraw from during the month, when you make 5 or more eligible card purchases from your Everyday Account. MIN_PURCHASES 5
  • BONUS 2.00%: This rate applies to the portion of your combined Saver balances above $250,000, when no withdrawals are made during the month and you make 5 or more eligible card purchases from your Everyday Account. MIN_PURCHASES 5 MAX_WITHDRAWALS 0

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

Up Essentials Saver: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 16:32 GMT+0800. Bank product information

Ongoing: 2.00% p.a. on the eligible balance.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 2.00%:

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

Up travel: no Up international transaction or ATM-withdrawal fee; ATM operators can charge separately. The card uses Mastercard’s exchange rate. Daily withdrawal limits still apply: the standard ATM cash-out limit is $1,000, subject to approved variations. Up currently advises allowing 15–20 business days for a physical card. Up travel information.

Ubank Save: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 17:33 GMT+0800. Bank product information

Ongoing: 5.35% p.a. on the first $1,000,000; 0.00% p.a. on the portion above $1,000,000.

Eligible introductory period (4 months): 6.25% p.a. on the first $1,000,000; 0.00% p.a. on the portion above $1,000,000. New-customer and monthly conditions apply.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • BONUS 5.35%: Everyday Bonus Rate Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month.
  • BONUS 5.35%: Everyday Bonus Rate Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month.
  • BONUS 5.35%: Everyday Bonus Rate Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month.
  • BONUS 0.00%: Everyday Bonus Rate Customer must grow their total Save account balances by at least $1 each month, excluding interest credits. Does not include accounts that are linked as offsets at the end of the month.
  • INTRODUCTORY 0.90%: Welcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. P4M
  • INTRODUCTORY 0.90%: Welcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. P4M
  • INTRODUCTORY 0.90%: Welcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. P4M
  • INTRODUCTORY 0.00%: Welcome Bonus for eligible new customers. Only paid when Bonus Interest criteria is met. Rates on Shared accounts may be different. P4M

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

Ubank referral: the standard $30 offer currently covers eligible signups. Enter AFWLLL7 during signup; both people must be 18 or over. Five eligible card purchases of at least $5 each must settle within the first 30 days. Payment can take around a month after qualification. Returning customers who held any Ubank account other than a UhomeLoan in the previous 24 months are excluded. Full referral terms.

Deposit protection: eligible Up deposits share Bendigo and Adelaide Bank’s $250,000-per-person FCS limit; Ubank deposits share NAB’s limit. These are limits per person per institution, not per account. Rates are variable. Account eligibility and identity checks apply.

If you want the deeper product-level call, read my Ubank review, Ubank, ING and ANZ Plus comparison and Ubank vs Macquarie comparison.

What is a small rate difference worth?

A 0.25 percentage-point difference is approximately $75 a year on $30,000, before tax and compounding, if the balance and rates stay constant. Compare that with missed interest, account fees and the effort of changing banks. For a decision guide rather than a directory, compare the savings-account scenarios.

The conditions that matter most

Grow-balance rules

These are easy until you withdraw money late in the month. Ubank’s $1 growth rule is simpler than many competitors, but you still need to remember it.

No-withdrawal rules

These can be annoying for emergency savings because one necessary withdrawal may cost you the bonus rate for the month.

Intro-rate cliffs

Intro rates are great if you diarise the expiry. They are bad if you forget and leave your cash parked after the promotional period.

Balance caps

Check whether the rate applies to your whole balance, a portion of your balance, or only a small first tier.

What about the Australian Government deposit guarantee?

APRA explains that the Financial Claims Scheme covers eligible deposits of up to $250,000 per account holder per ADI. That matters if you hold large balances, especially across brands that may share a banking licence.

The RBA publishes the current cash rate target and its effective date in its cash rate history. Savings rates do not automatically move one-for-one with that target.

Sources

These are the official/current pages used for the tracker. Product pages can change, so always confirm the live page before opening an account or moving a large balance.

FAQ

What is the best savings account in Australia right now?

For rate plus simplicity, Ubank and Macquarie are the cleanest shortlist. Compare the current bank figures and eligibility below. Ubank uses monthly savings-growth conditions; Macquarie uses stepped rates without monthly qualification.

Is the Ubank referral code still worth using?

Yes, if you are already opening Ubank and can complete the purchase requirement. Use code AFWLLL7 and check the live Ubank referral terms.

Should I chase intro savings rates?

Only if you are organised. Intro rates can be excellent for 4-5 months, but set a reminder before the rate drops.

Disclosure: This post contains affiliate or referral links. MoneyHackHQ may receive a referral reward or commission at no extra cost to you. This is general information, not personal financial advice.

Current bank rates and conditions

ING Savings Booster: bank rates, conditions and retrieval date

Retrieved 28 Oct 2026, 15:32 GMT+0800. Bank product information

Ongoing: 5.65% p.a. on the first $500,000; 2.50% p.a. on the portion above $500,000 up to $2,000,000; 0.00% p.a. on the portion above $2,000,000.

Eligible introductory period (4 months): 6.25% p.a. on the first $500,000; 2.50% p.a. on the portion above $500,000 up to $2,000,000; 0.00% p.a. on the portion above $2,000,000. New-customer and monthly conditions apply.

Components below are supplied by the bank; bonus margins are not standalone total rates.

  • VARIABLE 2.50%:
  • VARIABLE 0.00%:
  • INTRODUCTORY 0.60%: On balances up to $500,000, if you haven't previously held a personal savings account with ING, for a period of 4 months from the date of account opening. The Welcome rate applies in addition to the Base rate and, if applicable, the Boost rate. P1M This offer applies to new accounts opened within the first four months.
  • BONUS 3.15%: Grow your account balance by at least $100 this month (not including any interest earned). Eligibility is assessed at the end of the month. Grow your account balance by at least $100 this month (not including any interest earned). 100.00

Variable rates may change. Balance tiers and combined-account caps apply; shared accounts and special cohorts can differ. Referral rewards are separate offers and are reviewed manually.

Compare interest using current bank rates

Rates from each bank’s published data

Check that you qualify for the rate. Combined-account limits include savings held outside this example.

$
Estimated interest over 12 months–

Choose an account to see an estimate.

Simple interest before tax over 12 months, with a constant balance and today’s variable rates held unchanged. All monthly conditions are assumed met. Tiered rates are included. This does not account for fees, compounding, deposits, withdrawals, taxes or future rate changes; it is not a recommendation.

Lee

Writes MoneyHackHQ’s guides to Australian bank accounts, savings, cashback and travel money. General information, not personal financial advice. About MoneyHackHQ

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