High Interest Savings Accounts

Listed below are the banks offering the highest interest bank and savings accounts in Australia.  Don’t just get sucked in to opening a new bank account just because they bank pays a high interest rate, be sure to read all the terms and conditions.

Check list of questions to check before opening a new High Interest Bank Account:

• Are there any fees?
• Is there a minimum amount to deposit?
• Can you link it to your everyday banking account?
• Do you get phone banking?
• Do you get internet banking?
• Can you withdraw your money at any stage?
• How is the interest calculated?

Banks offering the highest interest savings accounts:  

• BankWest Kid’s Saver Bonus Account – up to 6%
• RaboPlus Serious Saver – up to 5.25%
• St George Bank Directsaver Account – up to 5.25%
• St George Bank DIY Super directsaver – up to 5.25%
• HSBC Serious Saver Account – up to 5.25%
• Citibank Ultimate Saver – up to 5.25%
• Westpac Reward Saver – up to 5.20%
• AMP Banking eASYSAVER Account – up to 5.05%
• ANZ Online Saver – up to 5.00%

*Rates are current at the date this page was published.