Finder savings accounts rankings

How do we rank savings accounts to get our top picks?

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At Finder, we've been comparing savings accounts for more than a decade. We've searched the Internet and collected all the details you need to compare accounts and choose the right one for you.

Using this product data, ongoing user testing, consumer surveys and many (many!) account comparisons, we've assessed accounts based on a few key features that we know you care most about. The results are presented on our best savings accounts guide.

Must read: Looking for the best savings account?

There's no single savings account that's best for everyone as all our needs are different - and what's best for you might not be best for someone else. Keep in mind that we don't compare every product in the market, but we hope that our tools and information will allow you to compare your options and find the best savings account for you.

How do we choose our savings account top picks?

We continually look at the savings accounts on our panel of partners and select our top picks for a range of different purposes. Some of these include accounts for under 30s, accounts with easy-to-earn bonus interest, accounts suited to large balances and accounts that have no spend requirements.

While our picks are all products from financial institutions that Finder has a commercial relationship with, we always ensure our picks have competitive interest rates and are well-suited for each category. You may find savings accounts with slightly higher interest rates elsewhere on the market from time to time, but we're confident our picks are quality options and are often among the best in the market.

You can see what we've considered when choosing the top pick for each category below.

Top pick for under 30s

We've looked at the savings accounts in our comparison panel, filtered the products for partners that Finder has a commercial relationship with, and selected the one that offered the highest interest rate for customers aged under 30. We also considered things like extra bonus interest and special perks for customers aged below 30 when choosing our top pick.

Top pick for easy bonus interest

We've looked at the savings accounts in our comparison panel, filtered the products for partners that Finder had a commercial relationship with, and selected the one that offers the highest ongoing bonus interest rate. We looked at both the bonus rate and the total maximum variable rate offered when choosing our top pick.

We also looked at the conditions set by the account in order to earn bonus interest, and gave preference to those with lower monthly deposit requirements. We've assumed that all the account conditions to earn this ongoing bonus rate are met.

We've excluded accounts that offer short-term introductory bonus rates that drop to a lower variable base rate after the honeymoon period ends, and accounts with age restrictions.

Top pick for large balances

We've looked at the savings accounts in our comparison panel, filtered the products for partners that Finder had a commercial relationship with, and selected the one that offers interest on the largest balance. To qualify for this top pick, the account must offer interest on balances above $250,000.

Top pick for no spend requirements

We've looked at the savings accounts in our comparison panel, filtered the products for partners that Finder had a commercial relationship with, and selected the account with the highest ongoing bonus interest rate when no spend requirements were met. For this pick, we've excluded accounts that require you to make a set number of transactions per month to be eligible for bonus interest.

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But Finder may receive compensation when you click links on our site. Learn more about how we make money from our partners.

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