High Interest Savings Accounts Finder

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With savings account rates as high as 3% p.a., now's a great time to switch.

The better the interest rate on your savings account, the more your money will grow. Switching to a savings account with a higher rate is a quick, easy and free process that can help you earn more interest on your balance and meet your savings goals sooner.

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Why compare savings accounts on Finder?

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💰 More money in your pocket

Australian savers could potentially earn more interest by switching to a different savings account. How much more could you be saving?

Promoted
Savings account offer
Savings account offer
Promoted
1.20 % p.a.
max rate
0.10 % p.a.
standard variable rate
  • Maximum rate: 1.2% p.a.
  • Standard variable rate: 0.1% p.a.
  • Monthly fees: $0

MyState Bank Bonus Saver Account

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.

Start your savings account search

Even the smallest difference in interest rates can make a big difference to how much money you earn in interest over the long run. To see how much you could earn, just pop in your initial deposit amount, how much will be depositing each month and how long you plan to save for. Once you've chosen an account, click the green button to get started.
Data updated regularly
$
$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Interest Earned
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
Available on balance Above $250,000.
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
Available on balance Above $30,000.
Westpac Life
0.4%
0.2%
0.2%
$0
Ongoing, variable 0.4% 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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Alison Banney

Alison Banney

"Opening a savings account that pays a competitive, ongoing bonus interest rate is such an easy way to get your money working harder. You'll earn interest on your money, and then more interest on top of your interest, even while you sleep. And unlike other financial products and investments, the money in your savings is easily accessible if you do need it for unexpected purchases. When picking a savings account, look for one with a high interest rate and ongoing account conditions that you can meet. Earning bonus interest for making regular deposits is a great way to develop good savings habits and motivate you to keep growing your savings."

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