July’s top savings rates revealed: AMP, Bankwest + more
Key takeaways
- If you're not earning above 5% on your savings, you're missing out on interest.
- Make sure you meet the account conditions to get the maximum interest rate.
- What's next: Here are the top-scoring savings accounts for July 2026.
With three rate rises in 2026 so far, savings account rates are starting to look pretty attractive.
Here are the highest-rated savings accounts on the market right now, based on their Finder Scores. This data-driven ranking system considers the maximum interest rate, intro and ongoing rates, plus the account conditions.
Here they are.
1. Bankwest Easy Saver
The Bankwest Easy Saver has a Finder Score of 9.8. New customers get an introductory rate of 5.75% p.a. for the first four months, reverting to a 5.0% p.a. ongoing rate after that. This rate is for balances up to $250,000.99.
There are no deposit or withdrawal conditions to earn the max interest rate, but you will need to open a linked Bankwest Easy Transaction Account.
2. AMP Bank GO Save
The AMP Bank GO Save has a Finder Score of 9.7. It offers a flat 5.1% p.a. ongoing rate with no conditions to meet, on balances up to $500,000.
While not the highest rate in the market, it's an ongoing rate above 5% with no withdrawal or deposit conditions to meet.
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3. Macquarie Savings Account
The Macquarie Savings Account has a Finder Score of 9.7. It offers a welcome variable rate of 5.35% p.a. for the first four months, on balances up to $250,000. This drops to an ongoing 5.0% p.a. rate after that.
It's for new accounts only and the rate applies to balances of up to $2 million.
4. Up Saver Account - Grow
The Up Saver Account - Grow has a Finder Score of 9.7. It offers an ongoing rate of 5.35% but it's a little complicated. First you need to make 5 purchases in a month to qualify for the interest. Once activated, you earn 5.35% and can't make withdrawals.
You can set aside money in multiple "savers". If you spend money using one saver, you earn the "Flow" rate of 2.0%. And you can leave money aside in a Grow saver and earn the higher rate.
5. MyState Bank Hello Saver
The MyState Bank Hello Saver has a Finder Score of 9.7. New customers earn an introductory rate of 5.4% p.a. for four months on balances up to $500,000. After that it drops to a flat 5.0% p.a.
There are no deposit or withdrawal conditions; you just need to be a new customer.
Want more high rate accounts?
There are several accounts that offer even higher rates for the first four months. These include:
ING Savings Accelerator
With ING's Savings Accelerator you get 5.85% for 4 months. After the intro period it drops to 4.80%.
This rate is for new ING accounts only.
Ubank Save Account
This account gives you 5.85% for 4 months. You need to be a new Ubank customer and deposit at least $1 a month.
After the 4-month intro rate you get an ongoing rate of 5.10%
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