Some accounts are only open to certain ages. Enter yours to leave out the ones you can't open.
Assumes banks pass the rise on in full to the base rate. Bonus and introductory margins are held steady.
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To earn the rate shown, you'll usually need to meet the account's monthly conditions — like depositing a minimum amount, making no withdrawals, or being within an age range. If you miss a condition in any month, you'll earn the base rate instead, which is often much lower. Check each account's conditions before applying.
| Account | Rate | Interest now | Interest after rise | Difference | Apply |
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These figures are estimates, not quotes. Interest is calculated on the starting balance and monthly contributions you entered, using each account's advertised bonus rate held steady across the period you selected. Actual interest earned will depend on whether you meet the account's monthly conditions, whether any promotional or introductory rate ends, balance caps, and the timing of your deposits. Interest is taxable at your marginal rate.
- Starting balance and monthly contribution: taken from what you entered.
- Rate used for each account: where an account advertises a short-term introductory rate, we apply it for its stated period and the ongoing bonus (or maximum) variable rate for the rest of your term. Introductory rates are never extrapolated beyond the period the provider states.
- Interest calculation: compounded monthly, added to the balance at the end of each month, with the following month's contribution added at the start of that month.
- Rate rise projection: applied as an increase to the base variable rate. Bonus and introductory margins are held steady — we assume banks pass any RBA change through fully to the base rate. Where a bank has publicly announced a change, we show the announcement and its effective date; where the effective date is not confirmed, we say so.
- Bonus rate conditions: we assume the account's monthly conditions are met every month across the period you selected. If a condition is missed in any month, the account earns the base rate for that month, and the projection would overstate real interest.
- Age eligibility: some accounts are only available within specific age brackets (14–35, 18–40, Under 25s). Check the account's eligibility before applying — the projection is shown even if you're outside the bracket, unless you enter your age above.
- Balance caps: many bonus rates apply only up to a maximum balance. Amounts above the cap earn the base rate. Check each account's cap.
- Tax: interest is taxable income at your marginal rate. Figures are before tax.
- Accounts that can't hold your starting balance are left out of the comparison.
