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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?

Savings account offer

Westpac Life (18-29 year olds only)

3 % p.a.

max rate

0.40 % p.a.

standard variable rate

Savings account offer

Under 30? You can earn an ongoing, variable 3% p.a. each month you grow your balance (excluding interest earned) and make 5+ transactions from your linked Westpac Choice transaction account. This bonus rate offer is available on balances up to $30,000 for customers aged 18-29.

  • Maximum Rate: 3% p.a.
  • Standard Variable Rate: 0.4% p.a.
  • Monthly deposit required: $1
  • Monthly fees: $0
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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 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%
0.4%
2.6%
$0
Under 30? You can earn an ongoing, variable 3% p.a. each month you grow your balance (excluding interest earned) and make 5+ transactions from your linked Westpac Choice transaction account. This bonus rate offer is available on balances up to $30,000 for customers aged 18-29.
Westpac Life (18-29 year olds only)
0.85%
0.4%
0.45%
$0
Available on balance Above $30,000.
MyState Bank Bonus Saver Account
1.65%
0.15%
1.5%
$0
Ongoing, variable 1.65% 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.
MyState Bank Bonus Saver Account
0.15%
0.15%
0%
$0
Available on balance Above $250,000.
Citibank Online Saver
1.55%
0.35%
1.2%
$0
Introductory rate of 1.55% 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
Available on balance Above $500,000.
Westpac Life
0.85%
0.4%
0.45%
$0
Ongoing, variable 0.85% 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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