Compare Australian investment accounts

Find the best savings accounts, term deposits and share trading platforms for you.

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Must read: Looking for the best investment account?

There's no single investment account that's best for everyone as all our needs are different - and what's best for you might not be best for someone else. Keep in mind that we don't compare every product in the market, but we hope that our tools and information will allow you to compare your options and find the best investment account for you.

There are many ways that you can grow your money. Savings accounts, term deposits, superannuation, share trading and foreign exchange are all investment options that people use to increase their wealth.

Each type of investment account offers a different return on the dollar and associated level of risk. As a general rule, the safest options offer the lowest returns, while the riskiest options have the potential for big returns. If you’re looking to earn more from your money, start by considering whether you’re comfortable taking a loss.

Other factors, such as investment size and horizon, also play a part. If you'd like to invest your money outside of super, you can find an analysis of other investment accounts below.

Promoted
Savings account offer
Savings account offer
Promoted
3.00 % p.a.
max rate
0.20 % p.a.
standard variable rate
  • Maximum rate: 3% p.a.
  • Standard variable rate: 0.2% p.a.
  • Monthly fees: $0

Westpac Life (18-29 year olds only)

If you’re between 18-29, you can earn a 3% p.a. variable rate each month you grow your balance (excl. interest) and make 5+ settled debit card purchases from your linked Westpac Choice account, up to a balance of $30,000.

No-risk investment accounts

Low or zero-risk investments where your money is guaranteed include high-interest savings accounts and term deposits. With these kinds of investments, you'll make a small capital gain on your money with no potential for loss. If a financial collapse occurs, your money is guaranteed by the government to the amount of $250,000.

Savings accounts

Savings accounts are among the most widely used types of investment accounts by Australians because they're completely safe and your funds can be deposited or withdrawn at any time without hassle. High-interest savings accounts offer the most competitive rates in the market.

Compare high-interest savings accounts

Data indicated here is updated regularly
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Interest Earned
Westpac Life (18-29 year olds only)
3%
0.2%
2.8%
$0
If you’re between 18-29, you can earn a 3% p.a. variable rate each month you grow your balance (excl. interest) and make 5+ settled debit card purchases from your linked Westpac Choice account, up to a balance of $30,000.
Westpac Life (18-29 year olds only)
0.55%
0.2%
0.35%
$0
If you’re between 18-29, you can earn a 0.55% p.a. variable rate each month you grow your balance (excl. interest) and make 5+ settled debit card purchases from your linked Westpac Choice account, up to a balance of $30,000.
MyState Bank Bonus Saver Account
1.2%
0.1%
1.1%
$0
Ongoing, variable 1.2% p.a. when you deposit at least $20 into the account each month and make 5 or more Visa Debit card transactions from a linked MyState transaction account. Bonus interest available on balances up to $250,000.
MyState Bank Bonus Saver Account
0.1%
0.1%
0%
$0
Ongoing, variable 0.1% p.a. when you deposit at least $20 into the account each month and make 5 or more Visa Debit card transactions from a linked MyState transaction account. Bonus interest available on balances up to $25,000,000.
HSBC Flexi Saver Account
0.85%
0.05%
0.8%
$0
Ongoing, variable 0.85% p.a. when you grow your balance by $300+ per month. Earn bonus interest even if you make withdrawals during the month. Available on balances up to $5,000,000.
HSBC Flexi Saver Account
0%
0%
$0
Ongoing, variable 0% p.a. when you grow your balance by $300+ per month. Earn bonus interest even if you make withdrawals during the month. Available on balances up to $5,000,000,000.
Citibank Online Saver
1.1%
0.35%
0.75%
$0
Introductory rate of 1.1% p.a. for 4 months, reverting to a rate of 0.35% p.a. Available on balances Up to $500,000.
Citibank Online Saver
0.35%
0.35%
0%
$0
Introductory rate of 0.35% p.a. for months, reverting to a rate of 0.35% p.a. Available on balances Up to $500,000.
HSBC Serious Saver
0.9%
0.05%
0.85%
$0
Receive a maximum variable rate of 0.9% p.a. for 4 months, reverting to an ongoing rate of 0.05% p.a. for each month you don't make any withdrawals from the account. Available on balances below $1,000,000.
HSBC Serious Saver
0%
0%
$0
Receive a maximum variable rate of 0% p.a. for months, reverting to an ongoing rate of 0% p.a. for each month you don't make any withdrawals from the account. Available on balances below $1,000,000.
Bankwest Hero Saver
0.8%
0.01%
0.79%
$0
Ongoing, variable 0.8% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
Bankwest Hero Saver
0.01%
0.01%
0%
$0
Ongoing, variable 0.01% p.a. rate when you deposit at least $0 each month and make no withdrawals. Available on balances up to $250,000.
Westpac Life
0.55%
0.2%
0.35%
$0
Ongoing, variable 0.55% p.a. each month you deposit money, and make sure your balance is higher at the end of the month than it was at the beginning. No monthly account-keeping fee.
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Key features of a savings account

  • Has no minimum deposit requirements
  • Is an ongoing investment
  • Earns income from interest payments based on the size of your cash deposit
  • Sometimes pays bonus interest during an introductory period
  • Allows your money to remain available to withdraw when you want
  • Can be easily accessed online or at a bank branch
  • Is usually low-fee or has no fees

Notice saver accounts

A notice saver is a relatively new product in Australia and a hybrid between a term deposit and a savings account. While your interest rate is variable as with a savings account, you can't access your funds immediately. Instead, you need to give notice of a month or more to withdraw your money. Notice periods are usually 30, 60 or 90 days.

Compare notice savers

Data indicated here is updated regularly
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Interest Earned
Rabobank Online Savings Notice Saver (31 days)
0.65%
0.65%
0%
$0
Ongoing, variable 0.65% p.a. when you link to Rabobank Online Savings HISA account and give 31 days notice to access funds. Available on balances up to $250,000
Rabobank Online Savings Notice Saver (60 days)
0.7%
0.7%
0%
$0
Ongoing, variable 0.7% p.a. when you link to Rabobank Online Savings HISA account. Available on balances up to $250,000
Rabobank Online Savings Notice Saver (90 days)
0.85%
0.85%
0%
$0
Ongoing, variable 0.85% p.a. when you link to Rabobank Online Savings HISA account and give 90 days notice to access funds. Available on balances up to $250,000
AMP Notice Account
0.8%
0.8%
0%
$0
Ongoing, variable 0.8% p.a. when you link to a AMP Bank Deposit Account. Available on balances up to $10,000,000.
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Key features of a notice saver

  • No term date, but requires that you give notice to withdraw funds, typically 30, 60 or 90 days
  • Has a variable rate of interest which may benefit you
  • Is an ongoing investment; funds are withdrawn to a linked transaction or savings account
  • No minimum deposit usually required

Term deposits

A term deposit is a set and forget investment. You agree to deposit your money for a fixed term and get paid a fixed amount of interest over the life of the investment. As a banking product, there is no risk that you will lose your funds. On the other hand, if interest rates go up and you're locked into a lower rate account, you risk being stuck in an underperforming investment.

Compare term deposits

Data indicated here is updated regularly
Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Judo Bank Term Deposit
0.81%
-
-
0.82%
-
0.89%
1.30%
Earn a 0.10% p.a. loyalty bonus when you roll over your term.
The Judo Bank Term Deposit term lengths range from three months to five years. Minimum opening deposit is $1,000. No account-keeping or set-up fees to pay.
AMP Term Deposit $5000+
0.40%
0.40%
0.40%
0.50%
0.50%
0.55%
0.40%
Lock your money with AMP Bank Term Deposit Account and enjoy a great competitive rate with no fees.
Citibank Term Deposit $10,000
0.60%
-
-
0.60%
-
0.60%
-
Suited to customers with deposits between $10,000 and $249,999.
This term deposit is for new Citibank customers only
AMP Term Deposit $25,000+
0.60%
0.60%
0.60%
0.70%
0.70%
0.75%
0.60%
Lock your money with AMP Bank Term Deposit Account and enjoy a great competitive rate with no fees.
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Key features of a term deposit

  • Has a minimum deposit requirement higher than a savings account
  • Requires you to lock your money away for a term ranging from one months to several years
  • Pays a fixed rate of interest over the life of the investment
  • Is a fee-free investment, though break fees apply for withdrawing funds before the end of the term
  • Is available to both personal and institutional investors
  • Is not an ongoing investment, but funds can be rolled over to another term deposit at maturity
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Riskier investment options

Any investment held outside of a bank account will carry some kind of risk because funds aren't guaranteed by the government if a company collapse occurs. At the same time, there's an opportunity to make higher returns and the risk of a company collapse is low for many well established organisations – it's all about doing your research.

Non-banking investments include ETFs, P2P funds, share trading, managed funds and portfolios offered by robo advisers. The following investments offer varying levels of risk and wont be suitable for everyone. Click through to their respective guides for more information.

Peer-to-peer investing accounts

Peer to peer (P2P) lending investment accounts appear similar (at face value) to term deposits, but because they're non-bank investments, you don't have the same safety guarantee. They offer a fixed rate – typically much higher than those of savings accounts or term deposits – and your funds are locked down for a specified term.

Data indicated here is updated regularly
Name Product Minimum deposit Target return Investment term Available to everyday customers?
Plenti (Investing)
$10
up to 6.9% p.a.
1 month to 7 years
Yes
Plenti is a peer-to-peer lender that connects investors with borrowers.
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Key features of p2p investing accounts

  • Competitive return on investment typically higher than savings accounts or term deposits
  • Investors take on a higher level of risk than with term deposits and there's no guarantee of a return
  • Funds are locked away for a set period of time
  • Your funds are being loaned to borrowers
  • It's not an ongoing investment, but funds can be rolled over

Share trading accounts

Share trading accounts allow you to buy and sell stocks and other listed financial instruments – such as exchange traded funds – by acting as an intermediary to the stock market.

With an online share trading platform you can buy and sell shares on your computer or mobile with lower fees than you'd normally get when you go through a personal full-service stock broker.

Compare share trading platforms

Data indicated here is updated regularly
Name Product Standard brokerage fee Inactivity fee Markets International
IG Share Trading
Finder Award
IG Share Trading
AUD 8
AUD 50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares, Forex, CFDs, Margin trading
Yes
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
eToro Share Trading (US stocks)
USD 0
USD 10 per month if there’s been no login for 12 months
Forex, CFDs, US shares
Yes
Zero brokerage share trading on US stocks with trades as low as $50.
Note: This broker offers CFDs which are volatile investment products and most clients lose money trading CFDs with this provider.
Join the world’s biggest social trading network when you trade stocks, commodities and forex from the one account.
Superhero share trading
AUD 5
No
ASX shares
No
Pay zero brokerage on all Australian ETFs.
Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.
Bell Direct Share Trading
AUD 15
No
ASX shares, mFunds
No
Invest in Australian shares, options and managed funds from the one account with no inactivity fee.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
CMC Markets Stockbroking
AUD 11
No
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, mFunds
Yes
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.
ANZ Share Investing
AUD 19.95
No
ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants
Yes
Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments.
Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.
Westpac Online Investing Account
AUD 19.95
AUD 63.50 per year on the global markets account
ASX shares, Global shares, Options trading, US shares
Yes
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Important: Share trading can be financially risky and the value of your investment can go down as well as up. “Standard brokerage” fee is the cost to trade $1,000 or less of ASX-listed shares and ETFs without any qualifications or special eligibility. If ASX shares aren’t available, the fee shown is for US shares. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

Key features of share trading accounts

  • Gives you access to a wide range of investments including shares, ETFs and listed investment companies (LITs)
  • Charges a brokerage fee when you trade shares
  • Share trading has the potential for very high capital gains
  • There is the potential to lose money if your investments perform poorly
  • Is available for personal and institutional investors
  • Can deposit and withdraw funds easily online

Forex trading accounts

Forex trading has the potential for both high gains and big losses. Rather than buying shares for capital growth or investing into a high interest fund, forex traders speculate on the future price movements of international currency pairs. For this reason, forex is not "investing" in the traditional sense – rather it is trading.

Online forex accounts allow you to trade currencies from around the world from your computer or mobile. In exchange, you typically pay a commission or FX fee, known as the spread.

Compare forex accounts

Data indicated here is updated regularly
Name Product Minimum Opening Deposit Minimum Spreads for Major Currencies Commission Minimum Trade Size Platforms
eToro Forex Trading
USD 1,000
1.0 pips
$0
US$200 (to CopyTrade)
eToro Trading Platform
Margin FX is a complex financial product and traders are at high-risk of losing all of or more than their initial investment.
Social trading, advanced charting tools, plus receive exclusive benefits through the eToro Club (membership is tiered based on the equity in your trading account).
Plus500 Forex Trading
AUD 100
0.7 - 3.0 pips
$0
0.01 lots
Plus500 Trading Platform
Trading CFDs and forex on leverage is high-risk and losses could exceed your deposits.
Finder exclusive offer: Open a new trading account and receive a welcome bonus of AU$110 when you deposit your first $370 and enter the bonus code “Special200”. T&C’s apply.
Open an account and experience Plus500's easy-to-use proprietary trading platform, 24/7 online chat support and free real-time forex quotes.
IG Forex Trading
AUD 0
0.6 - 1.5 pips
$0
1 lot
MetaTrader 4
ProReal Time
IG Trading Platform
Trading CFDs and forex on leverage is high-risk and losses could exceed your deposits.
Introductory offer: For the first two weeks of trading, take advantage of IG's lower minimum trade sizes to help you build confidence.
Choice of trading platforms. Choose optional extras like advanced charting, reporting and order types. Over 90 currency pairs to choose from.
IC Markets Forex Trading (Raw Spread account)
USD 200
From 0.0-0.1 pips
AU$3.50 per 100k traded
0.01 lots
MetaTrader 4
MetaTrader 5
cTrader
Trading CFDs and forex on leverage is high-risk and losses could exceed your deposits.
Citi Foreign Exchange Services
AUD $0
0.5 to 1.5
$0
US$20,000
Desktop / Relationship Manager
Invest directly in hundreds of global currencies with help from experienced forex brokers.
Note: Citi is not a CFD provider.
City Index Forex Trading
AUD 0
0.5 - 1.22 pips
$0
0.01 lots
MetaTrader 4
At Pro
Advantage Web
Trading CFDs and forex on leverage is high-risk and not suitable for all investors and you could lose your initial investment. Always check the provider’s PDS and consider the risks before trading.
Choice of trading platforms, integrated Reuters news and device-synching so you can monitor trades across multiple devices.
Blueberry Markets Forex Trading
$100
From 0.0 pips
$0
0.01
MetaTrader4, MetaTrader5
Trading CFDs and forex on leverage is high-risk and losses could exceed your deposits.
Bottom of the market fees on forex, CFDs and commodities with 24/7 quality customer service.
CMC Markets
$0
0.7 - 1.5 pips
$0
0.01 lots
CFD Next Generation
MetaTrader 4
Trading CFDs and forex on leverage is high-risk and losses could exceed your deposits.
Pepperstone Forex Trading (Razor Account)
USD 200
0.0 - 0.1 pips
AU$3.50 per 100k traded
0.01 lots
MetaTrader 4
MetaTrader 5
cTrader
Margin FX is a complex financial product and traders are at high-risk of losing all of or more than their initial investment.
Choose from a range of fee-free funding methods, plus a suite of 10 different apps available as part of Pepperstone's Smarter Trading Tools.
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Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider’s PDS and consider the risks before trading.

Forex trading account key features

  • Forex trading requires specialist knowledge
  • Can be opened by both personal and institutional investors
  • You need to pay fees to the forex platform provider in the form of spread
  • Typically gives you access to other investments such as commodities and CFDs
  • Can leverage investments, which allows you to trade with more capital than you actually have. This can magnify both profits and losses.

Robo advisers

Robo advisers are a relatively new service to Australia where you can enter your details online and be matched with an investment fund based on your profile. They offer competitively low fees compared to standard investment advisers and competitive high rates of return.

Most robo advisers feature a mobile app, so they make it easy to deposit your funds into and monitor the performance of your portfolio. They also tend to offer a broad range of investment portfolio choices, from aggressive to conservative and are relatively low risk investment choices.

Compare robo advisers

Data indicated here is updated regularly
Name Product Fees Minimum Investment Investment product Number of Portfolios
Six Park
From $9.95 /month
$5,000
ETFs
5
Invest in Australian and global shares, property, infrastructure, emerging markets, bonds and cash with Six Park.
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Key features of robo advisers

  • Low fee investment funds
  • Matched to an investment fund based on your profile
  • Easy to access and monitor online or on your mobile
  • Broad range of investment fund options
  • Can access Australian and international theme investments
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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