The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
Want more interest on your savings?
Compare now and find a better rate.
We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.
Looking for a better bank account?
Compare everyday accounts and find one that works harder for you.
Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.
Lock in a great rate
Compare term deposits to grow your savings with confidence.
The ME HomeME Savings Account was highly commended for Best Bonus Savings Account in the 2026 Finder Awards.
ME scored in the Finder Awards
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Saving Account of %5.65 couldnt find it after I downloaded the app
Hi, this rate is available with the ME HomeME savings account which is exclusively available via the ME Go app (not the regular ME Bank app).
Is there a high interest savings account that can be used when share trading please?
Hi Carole,
Thanks for your inquiry.
Some trading services let you transfer money easily from your trading account to a high-interest savings account. Others offer linked to debit cards to use with your accounts. You can check our list of high-interest savings accounts and debit cards to compare your options. Both pages have a comparison table you can use to see which account suits you. Once you have chosen a particular account, you may then click the “Go to site” button to be redirected to the bank’s website where you can proceed with your application or get in touch with their representatives for further assistance.
Before applying, please ensure you review the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
Hope this information helps
Cheers,
Arnold
do i have to have an initial account to open a term deposit account, did phone but would take 10mins to answer….only downfall….
Hi Caroline,
Thanks for your question.
Depending on the bank and the term (or how long you want to keep your money locked away in a term deposit), there is only a minimum deposit amount required. You can make your initial deposit from any bank account. You can also open a term deposit online, provided you satisfy the eligibility requirements.
Our term deposit comparison page also features some term deposits. Select the “Go to site” button to be taken directly to the bank’s website to start your online application.
Regards,
Clarizza
with the term deposits, can you access your funds in an emergency….and how do you deposit funds?
Hi Caroline,
Thanks for your question.
Typically, term deposits keep your money locked away – you cannot access your money or withdraw it before maturity (when the term ends). If you do, penalty fees apply.
If you’re looking for a way to save where you can access your savings should you need it, an online savings account could be a good option. You can link it to a transaction account to conveniently deposit and transfer money between accounts.
Notice savers might also be another alternative. They work similar to a term deposit, however, instead of ‘terms’ you provide the bank a notice period. To find out more, please take a look at our guide discussing Notice Savers.
Regards,
Clarizza
Hi Caroline,
Thanks for your question.
Generally, you need to notify the bank 31 days in advance before you can withdraw the money. In cases of extreme financial hardship this rule can be waived. Please do note that penalties may apply.
You can compare term deposit accounts featured on our website.
You can make a deposit by visiting a local branch or by linking your term deposit account to another where the source of fund is.
Cheers,
Anndy
I have $25,000 to put in my savings account… What interest will I get paid. I currently maintain about $3000 to $6000 in my savings account.
Hi Russell
Thanks for your question.
If you deposit the whole amount ($25,000) and keep it in your account and make no other deposit for 12 months, you will earn $786.11 in interest (with the current 3.05% p.a rate). Please note there are certain conditions required to earn the max variable rate of 3.05%. To receive bonus interest for any calendar month you must have a ME Everyday Transaction Account and during that month make a weekly purchase with your Debit MasterCard using tap & go.
You can also use the savings calculator above the tables and input your opening deposit, monthly deposit and period to compare interest earned.
Regards
Clarizza