Flexible Savings Accounts with Loyalty Bonuses

Compare flexible savings accounts with loyalty bonuses

Get rewarded with bonus interest even when you make withdrawals.

Banks and deposit taking institutions will pay you extra interest when you meet certain conditions, such as making no withdrawals – it’s a great incentive to keep saving. But there are times when you’ll need cash: sick children, injured pets and car and house repairs are common unexpected costs. Make a withdrawal from your savings account for whatever reason and you miss out on the bonus interest. If you want access to your savings account and a high interest rate, compare flexible savings accounts with loyalty bonuses on this page.

High Interest Savings Account Offer

UBank USaver

2.41 % p.a.

max rate

1.35 % p.a.

standard variable rate

High Interest Savings Account Offer

Ongoing, variable 2.41% p.a. when you link your USaver account to a UBank Ultra transaction account and transfer at least $200 per month into either account. The linked transaction account has no monthly fees and no international fees. Bonus interest available on balances up to $200,000.

  • Maximum Rate: 2.41% p.a.
  • Standard Variable Rate: 1.35% p.a.
  • Monthly deposit required: $200.00
  • Monthly fees: $0.00
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Flexible savings accounts with a loyalty bonus

Rates last updated September 21st, 2019
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned Product Description
UBank USaver
2019 Winner
UBank USaver
2.41%
1.35%
1.06%
$0
$0 / $0
Ongoing, variable 2.41% p.a. when you link your USaver account to a UBank Ultra transaction account and transfer at least $200 per month into either account. The linked transaction account has no monthly fees and no international fees. Bonus interest available on balances up to $200,000.
ME Online Savings Account
2.35%
0.80%
1.55%
$0
$0 / $0
Ongoing, variable 2.35% p.a. rate when you link to a ME Everyday Transaction account and have at least one purchase with your Debit Mastercard using tap & go processed each week. Available on balances up to $250,000.
HSBC Flexi Saver Account
2.15%
0.65%
1.50%
$0
$0 / $0
Ongoing, variable 2.15% 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.
Suncorp Growth Saver Account
2.05%
0.20%
1.85%
$0
$0 / $0
Ongoing, variable 2.05% p.a. when you grow your balance by at least $200 (excluding interest) and make no more than one withdrawal in the month. Available on the entire balance.
Bankwest Hero Saver
2.10%
0.01%
2.09%
$0
$0 / $0
Ongoing, variable 2.10% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
MyState Bank Bonus Saver Account
2.50%
0.80%
1.70%
$0
$0 / $0
Ongoing, variable 2.50% p.a. when you deposit at least $20 into the account each month and make five or more Visa Debit card transactions from a linked MyState transaction account.

Compare up to 4 providers

HSBC Flexi Saver

HSBC rewards you with a maximum 2.15% p.a. interest on your Flexi Saver balance. You can make as many withdrawals from this high interest savings account as you like, as long as your account balance at the end of the month is $300 higher than your balance at the start of the month. HSBC offers this rate on Flexi Saver account balances up to $5,000,000.

ING Savings Maximiser

ING rewards you with up to 2.20% p.a. interest on your ING Savings Maximiser savings account. To get the loyalty bonus, open an ING Orange Everyday bank account and deposit $1,000 or more each month plus make 5+ card purchases a month. Set up direct salary credit to keep getting the bonus interest, and you’re free to make withdrawals as often as you like. This offer is available on balances up to $100,000 in value.

ME Bank Online Savings Account

The ME Bank Online Savings Account gives you a loyalty bonus when you use the ME Bank Transaction Account Mastercard Debit Card to make a tap and go purchase each month. You’ll need both accounts to get the full rate of interest, but if you meet this condition you’ll be rewarded with up to 2.35% p.a. You’re free to make as many withdrawals as you like and if you don’t make a tap and go purchase using the ME Bank Mastercard Debit Card, your savings account balance will simply accrue interest at the base variable rate of 0.80% p.a.

UBank USaver Ultra

The USaver Ultra is linked to the UBank Ultra Transaction Account and if you deposit or more into either account each month, Ubank will reward you with up to on your USaver Ultra balance. You’re free to make withdrawals from this savings account; bonus interest applies as long as you meet the deposit condition.

What about introductory rate high interest savings accounts?

Savings accounts come in two flavours: The type discussed above, which reward you with high interest when you meet certain conditions, or the type that rewards you with high interest for an introductory period. The promotional bonus interest rate applies for the entire introductory period, you can make as many withdrawals as you like and there are no deposit requirements. At the end of the introductory period, your savings account balance will accrue interest at the base variable rate of interest.

There are no fees for switching to another savings account, so you can keep getting the high introductory bonus interest rate.

Authorised deposit taking institutions such as banks and credit unions reward you with bonus interest when you meet certain conditions. Introductory rate savings accounts are more flexible, but the introductory bonus rate won’t last. If you want to make withdrawals and you want bonus interest, compare introductory rate savings accounts and savings accounts with no conditions on withdrawals.

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