Savings accounts: the bonus and the catch
Most savings accounts with a big headline rate pay it only in months you do certain things, like put money in or make no withdrawals. Miss one and you get the much lower base rate for that month. Here's what every bank publishes, so you can see the catch before you sign up.
The typical bonus
4.55%
That's how much of a typical headline rate is bonus, across 111 accounts that pay one. With the bonus the typical account pays 5.00%. Without it, 0.10%. On $10,000 for a year, that's about $500 or $10.
What the bonus asks of you
We read the conditions on all 111 bonus accounts, at 64 banks. This is how often each one comes up.
- 60 of the 111 ask for two or more of these at once. Miss any one and the bonus is gone for that month.
- Where a bank says how much you have to put in, it's typically $100 a month.
- 88 of the 111 pay 0.5% or less in a month you miss.
- 47 stop paying the bonus once your balance passes a set amount.
- 26 accounts start with a higher intro rate, typically for 4 months. After that, the rate drops.
Counted from each bank's own product data. 24 accounts only describe their conditions in words, not in the data's set fields, so they're not in the bars. An account can ask for more than one thing, so the bars add up to more than 100%.
Would you get the bonus?
Pick any account below and put in what you'd really do each month. We'll check its conditions one by one and show what you'd earn, with the bonus and without it.
Check an accountWhy your bank wants your savings
Your savings are money the bank borrows from you, then lends out again at a higher rate. Household savings are a low-cost, steady source of money for a bank, so banks work hard to bring it in and keep it.
The typical base rate is 0.10%. Miss the bonus every month and $10,000 earns you about $10 a year. The typical variable home loan rate is 6.44%, or about $644 a year on $10,000. Not all of that gap is profit, because banks have other costs. But it's why the headline rate is so big and the base rate so small.
Every account that pays interest
Rates are for a balance of $10,000. The base rate is what you get if you miss the conditions. The table starts in A to Z order by bank. Tap a column heading to sort it.
| Account | What you have to do | ||||
|---|---|---|---|---|---|
| Alex.Bank | Savings | 4.50% | – | 4.50% | No bonus: the rate applies every month |
| AMP - My AMP | AMP Cash Manager | 0.00% | – | 0.00% | No bonus: the rate applies every month |
| AMP Bank GO | AMP Bank GO Save | 5.50% | – | 5.50% | No bonus: the rate applies every month |
| ANZ | ANZ Online Saver | 1.60% | – | 1.60% | No bonus: the rate applies every month |
| ANZ | ANZ Pensioner Advantage Account | 2.05% | – | 2.05% | No bonus: the rate applies every month |
| ANZ | ANZ Premium Cash Management Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| ANZ | ANZ Progress Saver | 0.01% | 3.99% | 4.00% |
In the bank's wordsBonus interest is subject to eligibility. ANZ Progress Saver pays bonus interest (in addition to the current variable base interest) in respect of a particular month if the set minimum deposit (currently $10) and no withdrawals, fees or charges are processed to the account on or before the last business day of that calendar month, and after the last business day of the previous calendar month. Bonus and base rates are variable and subject to change. |
| ANZ | ANZ V2 PLUS | 4.10% | – | 4.10% | No bonus: the rate applies every month |
| ANZ Plus | ANZ Plus Flex Saver | 2.35% | – | 2.35% | No bonus: the rate applies every month |
| ANZ Plus | ANZ Plus Growth Saver | 0.10% | 5.25% | 5.35% |
In the bank's wordsGrow your savings by $100 or more (on top of any interest you receive) each month to earn a bonus rate with ANZ Plus Growth Saver |
| Arab Bank Australia Limited | Cash Management Account | 0.10% | – | 0.10% | No bonus: the rate applies every month |
| Arab Bank Australia Limited | Personal Online Savings Account | 3.00% | – | 3.00% | No bonus: the rate applies every month |
| Arab Bank Australia Limited | Statement (Student) Account | 0.35% | – | 0.35% | No bonus: the rate applies every month |
| Arab Bank Australia Limited | Statement Account | 0.35% | – | 0.35% | No bonus: the rate applies every month |
| Australian Military Bank | Access Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Australian Military Bank | Capital Guaranteed Pension Account | 0.25% | – | 0.25% | No bonus: the rate applies every month |
| Australian Military Bank | Capital Guaranteed Super | 0.25% | – | 0.25% | No bonus: the rate applies every month |
| Australian Military Bank | DIY Super Saver | 3.75% | – | 3.75% | No bonus: the rate applies every month |
| Australian Military Bank | Military Kids Account | 0.01% | – | 0.01% | No bonus: the rate applies every month. Up to age 18 |
| Australian Military Bank | Military Rewards Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Australian Military Bank | Online Saver | 0.10% | 4.75% | 4.85% |
Bonus only on balances up to $500,000
In the bank's wordsThe Online Saver Account gives you access to your money exclusively via Internet Banking, so you can avoid temptation and reach your savings goals faster. Plus, you’ll be rewarded with a competitive bonus interest rate when the conditions on the account are met. |
| Australian Military Bank | Pension Access Account | 2.00% | – | 2.00% | No bonus: the rate applies every month |
| Australian Military Bank | Recruit Salary Saver | 2.00% | – | 2.00% | No bonus: the rate applies every month. Ages 12 to 30 |
| Australian Mutual Bank LTD | Edvest Cash Management account | 1.25% | – | 1.25% | No bonus: the rate applies every month |
| Australian Mutual Bank LTD | Essential Saver account | 5.25% | – | 5.25% | No bonus: the rate applies every month |
| Australian Mutual Bank LTD | Momentum Saver account | 0.10% | 5.25% | 5.35% |
Bonus only on balances up to $250,000
|
| Australian Mutual Bank LTD | Pension Advantage Account | 3.25% | – | 3.25% | No bonus: the rate applies every month |
| Australian Mutual Bank LTD | Starter Saver account | 5.50% | – | 5.50% | No bonus: the rate applies every month. Up to age 29 |
| Auswide Bank Ltd | BONUS PLUS SAVER | 0.01% | 3.30% | 3.31% |
Bonus only from $5,000
In the bank's wordsMake at least 1 deposit, credit transfer or electronic credit to the account in the calendar month. Make no withdrawals, debit transfer, or electronic debits from the account in the calendar month. |
| Auswide Bank Ltd | CASH MANAGEMENT | 1.20% | – | 1.20% | No bonus: the rate applies every month |
| Auswide Bank Ltd | EVERYDAY BASIC ACCOUNT | 0.75% | – | 0.75% | No bonus: the rate applies every month |
| Auswide Bank Ltd | NATIONAL SENIORS AUSTRALIA MONEY MANAGER ACCOUNT | 4.50% | – | 4.50% | No bonus: the rate applies every month |
| Auswide Bank Ltd | ONLINE SAVER | 2.25% | – | 2.25% | No bonus: the rate applies every month |
| Auswide Bank Ltd | WEALTH MANAGEMENT ACCOUNT | 4.50% | – | 4.50% | No bonus: the rate applies every month |
| Auswide Bank Ltd | ZIGGY KIDS SAVER | 0.01% | 3.50% | 3.51% |
Bonus only from $5,000
Ages 1 to 15
In the bank's wordsMake at least 1 deposit, credit transfer or electronic credit to the account in the calendar month. Make no withdrawals, debit transfers or eletrronic debits from the account in the same calendar month. |
| Bank Australia | Bonus Saver changed 16 Oct | 0.10% | 5.25% | 5.35% |
Bonus only on balances up to $100,000
Bonus only from $0
In the bank's wordsEarn monthly bonus interest when $100 is deposited each month and there are no withdrawals in the month. If these conditions aren't met, you will only be eligible to receive the base variable interest rate. New accounts: an extra 0.50% for the first 3 months
|
| Bank Australia | Christmas Saver | 2.25% | – | 2.25% | No bonus: the rate applies every month |
| Bank Australia | Everyday Access | 0.00% | – | 0.00% | No bonus: the rate applies every month |
| Bank Australia | mySaver changed 16 Oct | 0.10% | 5.25% | 5.35% |
Bonus only on balances up to $50,000
Bonus only from $0
Up to age 24
In the bank's wordsEarn monthly bonus interest when $10 is deposited each month and there are no withdrawals in the month. If these conditions aren't met, you will only be eligible to receive the base variable interest rate. |
| Bank Australia | Online Saver changed 16 Oct | 4.60% | – | 4.60% | No bonus: the rate applies every month |
| Bank Australia | Pension Access changed 16 Oct | 1.90% | – | 1.90% | No bonus: the rate applies every month |
| Bank First | Bonus Saver Account | 0.05% | 4.95% | 5.00% |
Bonus only from $150,000
In the bank's wordsBonus interest additional to the base rate is earned when at least one deposit of a minimum of $1.00 and no withdrawals are made in the month. |
| Bank First | First Access Account changed 16 Oct | 2.20% | – | 2.20% | No bonus: the rate applies every month. Up to age 17 |
| Bank First | First Home Bonus Saver Account | 0.05% | 5.00% | 5.05% |
Bonus only from $0
In the bank's wordsBonus interest additional to the base rate is earned when deposits totalling a minimum of $100 and no withdrawals are made in the month. |
| Bank First | First Saver Account changed 16 Oct | 4.65% | – | 4.65% | No bonus: the rate applies every month. Up to age 17 |
| Bank First | Online Saver Account changed 16 Oct | 4.05% | – | 4.05% | No bonus: the rate applies every month |
| Bank First | Pension Account changed 16 Oct | 3.65% | – | 3.65% | No bonus: the rate applies every month |
| Bank First | Preschool Day to Day Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Bank First | Preschool Fundraising Account changed 16 Oct | 4.40% | – | 4.40% | No bonus: the rate applies every month |
| Bank First | Preschool Long Service and Sick Leave Provisions Account changed 16 Oct | 4.55% | – | 4.55% | No bonus: the rate applies every month |
| Bank First | Preschool Petty Cash Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Bank First | Preschool Savings Account changed 16 Oct | 4.55% | – | 4.55% | No bonus: the rate applies every month |
| Bank First | School Everyday Account changed 16 Oct | 2.65% | – | 2.65% | No bonus: the rate applies every month |
| Bank First | Strong Start Saver changed 16 Oct | 5.65% | – | 5.65% | No bonus: the rate applies every month. Ages 15 to 35 |
| Bank of China | Current Account | – | – | – | No bonus: the rate applies every month |
| Bank of China | Current Account Statement | – | – | – | No bonus: the rate applies every month |
| Bank of China | Online Saver | – | – | – | No bonus: the rate applies every month |
| Bank of China | Online Saver Statement | – | 3.25% | 3.25% | The bank's data doesn't say. Check its page. |
| Bank of China | Overseas Student | – | – | – | No bonus: the rate applies every month |
| Bank of China | Overseas Student Statement | – | – | – | No bonus: the rate applies every month |
| Bank of China | PassbookSaving AUD | – | – | – | No bonus: the rate applies every month |
| Bank of China | PassbookSaving AUD Statement | – | – | – | No bonus: the rate applies every month |
| Bank of China | PassbookSaving CNY | – | – | – | No bonus: the rate applies every month |
| Bank of China | PassbookSaving CNY Statement | – | – | – | No bonus: the rate applies every month |
| Bank of China | PassbookSaving HKD | – | – | – | No bonus: the rate applies every month |
| Bank of China | PassbookSaving HKD Statement | – | – | – | No bonus: the rate applies every month |
| Bank of China | PassbookSaving USD | – | – | – | No bonus: the rate applies every month |
| Bank of China | PassbookSaving USD Statement | – | – | – | No bonus: the rate applies every month |
| Bank of Melbourne | Incentive Saver | 0.01% | 5.39% | 5.40% |
Bonus only from $1,000,001
In the bank's wordsTo earn Bonus interest rates, grow your account by at least $0.01 a month for customers under 21 and keep your balance above $0. |
| Bank of Melbourne | Investment Cash Accounts | 0.10% | – | 0.10% | No bonus: the rate applies every month |
| Bank of Melbourne | Maxi Saver | 1.25% | 0.45% | 1.70% |
Bonus only from $5,000,000
In the bank's wordsOpen an account online and earning an extra online bonus rate for the first 6 months. For a limited time only. New Maxi Saver customers only. Offer may be varied or withdrawn at any time. New accounts: an extra 3.90% for the first 6 months
|
| Bank of Melbourne | Retirement Access Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Bank of Queensland Limited | Kids Savings Account | 0.05% | 1.25% | 1.30% |
Bonus only from $50,000
Up to age 14
In the bank's wordsCalculated daily and paid monthly. |
| Bank of Queensland Limited | Simple Saver Account | 5.00% | 0.55% | 5.55% | The bank's data doesn't say. Check its page. |
| Bank of Queensland Limited | Superannuation Savings Account | 0.95% | – | 0.95% |
No bonus: the rate applies every month
New accounts: an extra 3.10% for the first 4 months
|
| Bank of Sydney | BOS Saver | 5.25% | – | 5.25% | No bonus: the rate applies every month |
| Bank of us | Pension Advantage | 1.55% | – | 1.55% | No bonus: the rate applies every month |
| Bank of us | Save up | 0.40% | 4.65% | 5.05% |
In the bank's wordsOur 'Save up' account is the perfect account to help you save for something special or just for a rainy day. The account pays a base rate of interest and if you deposit a minimum of $50.00 per month a |
| Bank of us | Spring Load | 0.00% | 5.25% | 5.25% |
The bank's data doesn't say. Check its page.
Bonus only from $50,000
|
| Bank of us | Stash n Splash | 0.00% | 3.00% | 3.00% |
The bank's data doesn't say. Check its page.
Bonus only from $25,000
|
| Bank of us | SUPER ADVANTAGE | 1.50% | – | 1.50% | No bonus: the rate applies every month |
| BankSA | Incentive Saver | 0.01% | 5.39% | 5.40% |
Bonus only from $1,000,001
In the bank's wordsTo earn Bonus interest rates, grow your account by at least $0.01 a month for customers under 21 and keep your balance above $0. |
| BankSA | Investment Cash Accounts | 0.10% | – | 0.10% | No bonus: the rate applies every month |
| BankSA | Maxi Saver | 1.25% | 0.45% | 1.70% |
Bonus only from $5,000,000
In the bank's wordsOpen an account online and earning an extra online bonus rate for the first 6 months. For a limited time only. New Maxi Saver customers only. Offer may be varied or withdrawn at any time. New accounts: an extra 3.90% for the first 6 months
|
| BankSA | Retirement Access Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| BankVic | Bonus Saver | 0.05% | 5.30% | 5.35% |
Bonus only on balances up to $5,000,000
In the bank's wordsDeposit $100 per month and make no withdrawals to earn bonus interest |
| BankVic | EasyInvest | 3.15% | – | 3.15% | No bonus: the rate applies every month |
| BankVic | Everyday Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| BankVic | Pension Plus | 4.35% | – | 4.35% | No bonus: the rate applies every month |
| bankWAW | Disability Support | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| bankWAW | Money Managers | 1.55% | – | 1.55% | No bonus: the rate applies every month |
| bankWAW | Star Saver | 0.75% | 4.25% | 5.00% |
The bank's data doesn't say. Check its page.
Ages 1 to 12
|
| bankWAW | WAW Bonus Saver | 0.05% | 5.05% | 5.10% | The bank's data doesn't say. Check its page. |
| bankWAW | WAW Christmas Saver | 2.90% | – | 2.90% | No bonus: the rate applies every month |
| bankWAW | WAW Everyday Saver | 2.90% | – | 2.90% | No bonus: the rate applies every month |
| bankWAW | WAW Line of Credit | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| bankWAW | WAW Pension Plus | 1.20% | – | 1.20% | No bonus: the rate applies every month |
| bankWAW | WAW Youth Saver | 0.75% | 4.25% | 5.00% |
The bank's data doesn't say. Check its page.
Ages 13 to 25
|
| bankWAW | Youth Transact | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Bankwest | Bankwest Easy Saver | 5.25% | 0.20% | 5.45% |
The bank's data doesn't say. Check its page.
Bonus only on balances up to $250,001
In the bank's wordsBonus rates available from time to time for selected customers, bonus rates applied may vary. Terms and conditions may apply. New accounts: an extra 2.70%
|
| Bankwest | Hero Saver | 0.10% | 5.25% | 5.35% |
Bonus only on balances up to $250,001
In the bank's wordsBonus interest will be paid in respect of each day of a month of the year at Your Bonus Interest Rate current on that day if the account balance (excluding interest) at the close of business hours on the last business day of the month is higher than at the first business day of the month. Bonus interest is only applicable for deposit balance up to $250,000.99 and amounts over this amount will not be eligible for the bonus interest.Bonus rates applied may vary. Terms and conditions may apply. |
| Bankwest | Retirement Advantage Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| BCU Bank | Bonus Saver | 0.05% | – | 0.05% |
No bonus: the rate applies every month
New accounts: an extra 5.30% for the first 4 months
|
| BCU Bank | Boss Saver | 0.20% | – | 0.20% | No bonus: the rate applies every month |
| BCU Bank | Golden Account | 0.30% | – | 0.30% | No bonus: the rate applies every month |
| BCU Bank | Power Saver | 0.50% | 4.60% | 5.10% |
Bonus only on balances up to $250,000
In the bank's wordsBonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate. |
| BCU Bank | Scoot Super Saver | 3.25% | – | 3.25% | No bonus: the rate applies every month. Up to age 12 |
| Bendigo Bank | Bendigo Cash Management Account (CMA) | 1.00% | – | 1.00% | No bonus: the rate applies every month |
| Bendigo Bank | Bendigo Easy Retirement Account | 0.35% | – | 0.35% | No bonus: the rate applies every month |
| Bendigo Bank | Bendigo EasySaver | 3.55% | – | 3.55% | No bonus: the rate applies every month |
| Bendigo Bank | Bendigo PiggySaver | 3.55% | – | 3.55% | No bonus: the rate applies every month. Up to age 12 |
| Bendigo Bank | Bendigo Reward Saver | 0.10% | 4.65% | 4.75% |
In the bank's wordsBonus Rate in addition to variable (Base) rate where criteria is met. When you grow your balance every month* Watch your savings grow without worrying about monthly service fees |
| Bendigo Bank | Bendigo Student Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Beyond Bank Australia | Access Savings Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Beyond Bank Australia | BU Account changed 13 Oct | 3.35% | – | 3.35% | No bonus: the rate applies every month. Up to age 17 |
| Beyond Bank Australia | Community Reward Account changed 13 Oct | 4.20% | – | 4.20% | No bonus: the rate applies every month |
| Beyond Bank Australia | monEsaver Internet Account changed 13 Oct | 2.70% | – | 2.70% | No bonus: the rate applies every month |
| Beyond Bank Australia | Purple Bonus Saver changed 13 Oct | 0.01% | 4.89% | 4.90% |
Bonus only on balances up to $200,000
In the bank's wordsYou will become eligible for bonus interest if you: a) deposit at least $50 during the month; and b) do not make a withdrawal during the same month. Interest is paid monthly. |
| Beyond Bank Australia | Retirement Account changed 13 Oct | 1.80% | – | 1.80% | No bonus: the rate applies every month |
| BNK Bank (Goldfields Money/BCHL) | Cash Management Account | 4.50% | – | 4.50% | No bonus: the rate applies every month |
| BOQ Specialist | 32 Day Notice Account | 4.00% | – | 4.00% |
No bonus: the rate applies every month
New accounts: an extra 0.95% for the first 5 months
|
| BOQ Specialist | One Account | 0.10% | – | 0.10% | No bonus: the rate applies every month |
| BOQ Specialist | Private Access Account | 3.50% | – | 3.50% | No bonus: the rate applies every month |
| Border Bank | Bonus Saver Account | 0.05% | 4.50% | 4.55% |
|
| Border Bank | Dynamo/Flex Account | 0.40% | 2.25% | 2.65% |
Up to age 18
|
| Border Bank | Easy Access Transaction Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Border Bank | Retirement Plus Account changed 16 Oct | 2.50% | – | 2.50% | No bonus: the rate applies every month |
| Border Bank | Safeguard Transaction Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Border Bank | Savings Plus Account changed 16 Oct | 0.90% | – | 0.90% | No bonus: the rate applies every month |
| Border Bank | U30 SUPER CHARGE Account changed 16 Oct | 5.50% | – | 5.50% | No bonus: the rate applies every month |
| Broken Hill Bank | Busy Bee Account | 1.25% | – | 1.25% | No bonus: the rate applies every month. Up to age 12 |
| Broken Hill Bank | eCall Savings Account | 1.70% | – | 1.70% | No bonus: the rate applies every month |
| Broken Hill Bank | OTC Savings Account | 1.15% | – | 1.15% | No bonus: the rate applies every month |
| Broken Hill Bank | Santa Saver Account | 1.75% | – | 1.75% | No bonus: the rate applies every month |
| Broken Hill Bank | Super Youth Saver | 1.25% | – | 1.25% | No bonus: the rate applies every month. Ages 12 to 18 |
| Cairns bank | Childrens saver account | 0.50% | – | 0.50% | No bonus: the rate applies every month. Up to age 18 |
| Cairns bank | Christmas Saver Account | 2.00% | – | 2.00% | No bonus: the rate applies every month |
| Cairns bank | Online Saver account | 2.75% | – | 2.75% | No bonus: the rate applies every month |
| Cairns bank | Pensioner Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Central Murray Bank | AT CALL SAVINGS | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Central Murray Bank | AT CALL SAVINGS | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Central Murray Bank | EVERYDAY ACCESS | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Central Murray Bank | GST ACCOUNT | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Central Murray Bank | NOTICE OF WITHDRAWAL | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Central Murray Bank | SUPER SAVER ACCOUNT | 2.25% | – | 2.25% | No bonus: the rate applies every month. Up to age 18 |
| Central West CUL | INVESTMENT SAVINGS | 1.30% | – | 1.30% | No bonus: the rate applies every month |
| Central West CUL | No 2 Deposit Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Central West CUL | S1 On Call Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Central West CUL | S10 Cash Management Account | 1.30% | – | 1.30% | No bonus: the rate applies every month |
| Central West CUL | S12 Smart | 1.30% | – | 1.30% | No bonus: the rate applies every month |
| Central West CUL | S2 Budget Savings Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Central West CUL | S5 Community Proud Account | 1.30% | – | 1.30% | No bonus: the rate applies every month |
| Central West CUL | S6 Golden Account | 1.30% | – | 1.30% | No bonus: the rate applies every month |
| Central West CUL | S7 Whole of Pay Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Central West CUL | S8 E Access Saver Account | 1.55% | – | 1.55% | No bonus: the rate applies every month |
| Coastline Bank | Bonus Reward Saver | 0.40% | – | 0.40% | No bonus: the rate applies every month |
| Coastline Bank | Coastline Savings Account | 3.00% | – | 3.00% | No bonus: the rate applies every month |
| Coastline Bank | Cubs Access Account | 3.50% | – | 3.50% | No bonus: the rate applies every month. Up to age 12 |
| Coastline Bank | Gold Benefits Savings | 0.50% | – | 0.50% | No bonus: the rate applies every month |
| Coastline Bank | Kickstart Access Account | 3.50% | – | 3.50% | No bonus: the rate applies every month. Ages 12 to 18 |
| CommBank | Cash Deposit Account (At Call) | 0.25% | – | 0.25% | No bonus: the rate applies every month |
| CommBank | Commonwealth Direct Investment Account | 0.75% | – | 0.75% | No bonus: the rate applies every month |
| CommBank | GoalSaver | 0.10% | 5.15% | 5.25% |
Bonus only from $1,000,000
In the bank's wordsWe pay bonus interest on top of the standard variable credit interest rate on credit balances if you have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). |
| CommBank | NetBank Saver | 2.30% | – | 2.30% |
No bonus: the rate applies every month
New accounts: an extra 3.20% for the first 5 months
|
| CommBank | Pensioner Security Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| CommBank | Youthsaver Account | 2.35% | 2.95% | 5.30% |
Bonus only on balances up to $50,000
Up to age 17
In the bank's wordsWe pay bonus interest on top of the standard variable credit interest rate on credit balances if you have a higher account balance at the end of the month compared to the account balance at the start of the month (excluding interest and bank-initiated transactions). |
| CommFCU | Everyday Plus changed 16 Oct | 0.10% | – | 0.10% | No bonus: the rate applies every month |
| CommFCU | Goal Saver | 0.05% | 4.30% | 4.35% |
Bonus only on balances up to $7,000,000
In the bank's wordsTo be eligible for Bonus Interest, no withdrawals can be made on the account in that month |
| CommFCU | Online Saver changed 16 Oct | 3.50% | – | 3.50% | No bonus: the rate applies every month |
| CommFCU | Santa Saver changed 16 Oct | 5.10% | – | 5.10% | No bonus: the rate applies every month |
| CommFCU | Wildlife Saver account changed 16 Oct | 3.50% | – | 3.50% | No bonus: the rate applies every month. Up to age 17 |
| Credit Union SA | 55+ Account changed 13 Oct | 1.10% | – | 1.10% | No bonus: the rate applies every month |
| Credit Union SA | Bonus Savings Account | 0.01% | 3.74% | 3.75% |
In the bank's wordsEarn a great bonus rate each month if you make a deposit of any amount and no withdrawals with our Bonus Savings Account. It doesn’t matter if you deposit $1 or $1,000 each month, either way you can earn bonus interest. Best of all, there’s no maximum or minimum balance requirements, so you can have as much or as little as you like sitting in your account. |
| Credit Union SA | Children's Savings Account changed 13 Oct | 0.05% | 4.55% | 4.60% |
Up to age 17
In the bank's wordsOur Children’s savings account is for anyone under the age of 18 wanting an account to save or spend. The account rewards good savings behaviours and pays bonus interest if no withdrawals are made and if a deposit is made each month.The account pays interest on up to $50,000 and any amount above this will not earn interest. |
| Credit Union SA | Educator+ Account | 1.50% | – | 1.50% | No bonus: the rate applies every month |
| Credit Union SA | Netsave Account changed 13 Oct | 1.25% | – | 1.25% |
No bonus: the rate applies every month
New accounts: an extra 4.00% for the first 4 months
|
| Credit Union SA | Port+ Account | 1.50% | – | 1.50% | No bonus: the rate applies every month |
| Darling Downs Bank | CASH MANAGER ONLINE changed 13 Oct | 3.15% | – | 3.15% | No bonus: the rate applies every month |
| Darling Downs Bank | CASH MANAGER PLUS changed 13 Oct | 0.90% | – | 0.90% | No bonus: the rate applies every month |
| Darling Downs Bank | CHOICE ACCOUNT changed 13 Oct | 0.50% | – | 0.50% | No bonus: the rate applies every month |
| Darling Downs Bank | EDUCATION SAVER changed 13 Oct | 0.85% | – | 0.85% | No bonus: the rate applies every month |
| Darling Downs Bank | GYMPIE SAVINGS | 0.15% | – | 0.15% | No bonus: the rate applies every month |
| Darling Downs Bank | PASSBOOK ACCOUNT | 0.55% | – | 0.55% | No bonus: the rate applies every month |
| Darling Downs Bank | PENSIONER CHOICE | 1.25% | – | 1.25% | No bonus: the rate applies every month |
| Darling Downs Bank | SMART SAVERS changed 13 Oct | 0.75% | – | 0.75% | No bonus: the rate applies every month |
| Darling Downs Bank | WORKINGS SAVINGS | 0.20% | – | 0.20% | No bonus: the rate applies every month |
| Defence Bank | Cadet Saver changed 16 Oct | 5.25% | – | 5.25% | No bonus: the rate applies every month. Ages 12 to 17 |
| Defence Bank | iSaver | 0.50% | 5.25% | 5.75% |
The bank's data doesn't say. Check its page.
In the bank's wordsInterest is calculated daily on the closing balance and credited on the last day of each month. |
| Defence Bank | Max E Saver changed 16 Oct | 0.10% | 5.20% | 5.30% |
The bank's data doesn't say. Check its page.
In the bank's wordsInterest is calculated daily on the closing balance and credited on the last day of each month. |
| Defence Bank | Salute Account changed 16 Oct | 4.00% | 1.75% | 5.75% |
The bank's data doesn't say. Check its page.
In the bank's wordsBonus rate is the total rate payable for the first 12 months. |
| Defence Bank | Teen Saver changed 16 Oct | 5.25% | – | 5.25% | No bonus: the rate applies every month. Ages 12 to 17 |
| Dnister | Bonus Saver changed 16 Oct | 0.05% | 5.10% | 5.15% |
In the bank's wordsDeposit $20.00 per month with no withdrawals to earn the Bonus Rate. |
| Dnister | iSaver changed 16 Oct | – | – | – |
No bonus: the rate applies every month
New accounts: an extra 3.15% for the first 2 months
|
| Dnister | Max Saver changed 16 Oct | 0.05% | 5.20% | 5.25% |
In the bank's wordsTo earn the Bonus Rate deposit $1,500 per month, withdraw up to $1,000 per month (maximum 4 withdrawals per month). New accounts: an extra 0.10% for the first 1 month
|
| Dnister | My Community Saver | – | 0.77% | 0.77% |
The bank's data doesn't say. Check its page.
In the bank's wordsDnister pays a contribution based on the applicable interest rate and daily balance of a My Community Saver Account. This contribution is paid into the nominated eligible community organisation's Community Access Account. |
| Dnister | Pensioner Savings changed 16 Oct | 2.90% | – | 2.90% | No bonus: the rate applies every month |
| Easy Street | Flex Saver | 5.30% | – | 5.30% | No bonus: the rate applies every month |
| Fire Service Credit Union | S1 On Call Savings | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Fire Service Credit Union | S12 Junior Firefighter Account changed 16 Oct | 3.90% | – | 3.90% | No bonus: the rate applies every month. Up to age 18 |
| Fire Service Credit Union | S20 Retiree Access changed 16 Oct | 1.85% | – | 1.85% | No bonus: the rate applies every month |
| Fire Service Credit Union | S5 High Interest changed 16 Oct | 3.50% | – | 3.50% | No bonus: the rate applies every month |
| Fire Service Credit Union | S7 Christmas Savings Account | 2.50% | – | 2.50% | No bonus: the rate applies every month |
| Fire Service Credit Union | S8 Savings Account changed 16 Oct | 1.50% | – | 1.50% | No bonus: the rate applies every month |
| Firefighters Mutual Bank | Edvest Cash Management account | 1.25% | – | 1.25% | No bonus: the rate applies every month |
| Firefighters Mutual Bank | Essential Saver account | 5.25% | – | 5.25% | No bonus: the rate applies every month |
| Firefighters Mutual Bank | MOMENTUM SAVER | 0.10% | 5.25% | 5.35% |
Bonus only on balances up to $250,000
|
| Firefighters Mutual Bank | Pension Advantage account | 3.25% | – | 3.25% | No bonus: the rate applies every month |
| Firefighters Mutual Bank | Starter Saver account | 5.50% | – | 5.50% | No bonus: the rate applies every month. Up to age 29 |
| First Option Bank | Bills Account | 0.50% | – | 0.50% | No bonus: the rate applies every month |
| First Option Bank | Bonus Saver | 0.05% | 3.25% | 3.30% |
The bank's data doesn't say. Check its page.
Bonus only from $2,000,000
|
| First Option Bank | CASH MANAGEMENT | 2.20% | – | 2.20% | No bonus: the rate applies every month |
| First Option Bank | CHRISTMAS SAVER | 2.25% | – | 2.25% | No bonus: the rate applies every month |
| First Option Bank | KIDS BONUS SAVER | 0.05% | 5.50% | 5.55% |
The bank's data doesn't say. Check its page.
Bonus only on balances up to $10,000
Up to age 17
|
| First Option Bank | RETIREMENT ACCESS | 3.25% | – | 3.25% | No bonus: the rate applies every month |
| First Option Bank | S11 RETIREMENT ACCESS | 3.00% | – | 3.00% | No bonus: the rate applies every month |
| First Option Bank | Save Account | 3.55% | – | 3.55% |
No bonus: the rate applies every month
New accounts: an extra 1.50% for the first 4 months
|
| First Option Bank | SAVINGS + BONUS | 0.25% | 4.75% | 5.00% |
Bonus only on balances up to $250,000
Up to age 16
In the bank's wordsEarn Bonus interest on your savings account when you deposit $100 per month with no withdrawals |
| First Option Bank | Smart Start Access Saver | 3.25% | – | 3.25% | No bonus: the rate applies every month. Ages 13 to 24 |
| First Option Bank | Special Purpose | 0.50% | – | 0.50% | No bonus: the rate applies every month |
| First Option Bank | Spend Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Gateway Bank | Dollaroo Junior Savers changed 13 Oct | 4.00% | – | 4.00% | No bonus: the rate applies every month. Up to age 16 |
| Gateway Bank | Eco Advantage Transaction Acct | 2.00% | – | 2.00% | No bonus: the rate applies every month |
| Gateway Bank | eMax Saver Account changed 13 Oct | 4.20% | – | 4.20% | No bonus: the rate applies every month |
| Gateway Bank | Goal Saver changed 13 Oct | 0.10% | 4.50% | 4.60% |
In the bank's wordsBalance needs to increase $250 over the month prior. |
| Gateway Bank | Savings Account | 0.15% | – | 0.15% | No bonus: the rate applies every month |
| Geelong Bank | Achieve Saver | 1.35% | 1.60% | 2.95% |
Bonus only on balances up to $250,000
Bonus only from $5,000
In the bank's wordsThis account is ideal for the short term investor and includes bonus interest |
| Geelong Bank | Affinity Savers | 4.35% | – | 4.35% | No bonus: the rate applies every month |
| Geelong Bank | iSaver | 1.30% | 1.66% | 2.96% |
Bonus only on balances up to $250,000
|
| Geelong Bank | Online Saver Account changed 16 Oct | 1.75% | – | 1.75% | No bonus: the rate applies every month |
| Geelong Bank | Senior Savers changed 16 Oct | 1.55% | – | 1.55% | No bonus: the rate applies every month |
| Geelong Bank | Superfund Maximiser changed 16 Oct | 4.45% | – | 4.45% | No bonus: the rate applies every month |
| Geelong Bank | Young Achiever Savings | 1.40% | 1.95% | 3.35% |
Up to age 18
In the bank's wordsSavings and banking solutions for young children and teenagers made simple and easy. |
| gmcu | Advantage Saver | 0.01% | 4.54% | 4.55% |
Bonus only from $1
In the bank's wordsAdvantage Saver account is a savings account for those dedicated to a regular savings plan. A bonus rate is available in months where there are no withdrawals and a deposit of at least $20. |
| gmcu | Cash Manager | 0.40% | – | 0.40% | No bonus: the rate applies every month |
| gmcu | Christmas Saver | 1.10% | – | 1.10% | No bonus: the rate applies every month |
| gmcu | My Connect | 0.01% | – | 0.01% | No bonus: the rate applies every month. Up to age 21 |
| gmcu | My Everyday | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| gmcu | My Everyday Start | 0.01% | – | 0.01% | No bonus: the rate applies every month. Up to age 21 |
| gmcu | My Freedom | 2.00% | – | 2.00% | No bonus: the rate applies every month |
| gmcu | Online Saver | 1.05% | – | 1.05% | No bonus: the rate applies every month |
| gmcu | Our Community | 1.50% | – | 1.50% | No bonus: the rate applies every month |
| Great Southern Bank | Everyday 50+ Account | 1.55% | – | 1.55% | No bonus: the rate applies every month |
| Great Southern Bank | Everyday Saver | 4.80% | – | 4.80% | No bonus: the rate applies every month |
| Great Southern Bank | Future Saver | 0.10% | 4.75% | 4.85% |
Bonus only on balances up to $500,000
In the bank's wordsReceive a stepped bonus rate if the balance of the Future Saver account increases by $250 by the end of each calendar month |
| Great Southern Bank | Goal Saver | 0.50% | 4.85% | 5.35% |
Bonus only on balances up to $50,000
Bonus only from $1
Ages 18 to 24
In the bank's wordsFor customers aged 18 to 24 years old. Receive bonus interest on balances up to $50,000 when you deposit $500 or more each month into your Everyday Edge Account from a non-Great Southern Bank account and make five or more Visa Debit Card purchases. |
| Great Southern Bank | Home Saver | 0.50% | 4.75% | 5.25% |
Bonus only on balances up to $100,000
Bonus only from $1
In the bank's wordsReceive bonus interest on balances up to $100,000 when you deposit $2,000 or more each month into your Everyday Edge Account from a non-Great Southern Bank account and make five or more Visa Debit Card purchases. |
| Great Southern Bank | Youth eSaver | 1.00% | – | 1.00% | No bonus: the rate applies every month. Up to age 17 |
| Greater Bank | Access | 0.00% | – | 0.00% | No bonus: the rate applies every month |
| Greater Bank | Bonus Saver | 4.25% | – | 4.25% | No bonus: the rate applies every month |
| Greater Bank | Life Saver | 5.50% | – | 5.50% | No bonus: the rate applies every month. Up to age 25 |
| Greater Bank | Retirement Plus | 1.65% | – | 1.65% | No bonus: the rate applies every month |
| Health Professionals Bank | Edvest Cash Management account | 1.25% | – | 1.25% | No bonus: the rate applies every month |
| Health Professionals Bank | Essential Saver account | 5.25% | – | 5.25% | No bonus: the rate applies every month |
| Health Professionals Bank | MOMENTUM SAVER | 0.10% | 5.25% | 5.35% |
Bonus only on balances up to $250,000
|
| Health Professionals Bank | Pension Advantage account | 3.25% | – | 3.25% | No bonus: the rate applies every month |
| Health Professionals Bank | Starter Saver account | 5.50% | – | 5.50% | No bonus: the rate applies every month. Up to age 29 |
| Heartland | MySavings account | 4.55% | – | 4.55% | No bonus: the rate applies every month |
| Horizon Bank | ADVANTAGE 55 | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Horizon Bank | CALL SAVINGS | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Horizon Bank | CALL SAVINGS | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Horizon Bank | CASH MANAGEMENT | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Horizon Bank | HORIZON DIRECT changed 16 Oct | 3.50% | – | 3.50% | No bonus: the rate applies every month |
| Horizon Bank | INSURANCE SAVINGS | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Horizon Bank | REDISAVINGS | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Horizon Bank | REWARD SAVER | 0.00% | – | 0.00% |
No bonus: the rate applies every month
New accounts: an extra 1.00% for the first 3 months
|
| Horizon Bank | SUPER SAVERS | 2.25% | 3.00% | 5.25% |
Up to age 12
In the bank's wordsAn everyday account for children aged 0-12 years. The Super Saver account is a great start to teach your child the value of money and instil good savings habits from an early age. |
| Horizon Bank | TEEN ACCOUNT | 4.25% | – | 4.25% | No bonus: the rate applies every month. Ages 13 to 18 |
| Horizon Bank | YOUTH REWARD SAVER | 2.25% | 3.00% | 5.25% |
The bank's data doesn't say. Check its page.
Ages 13 to 17
|
| HSBC Bank Australia Limited – Wholesale Banking | Current Account | – | – | – | No bonus: the rate applies every month |
| HSBC Bank Australia Limited – Wholesale Banking | International Cash Management Account | – | – | – | No bonus: the rate applies every month |
| Hume Bank | Clancy Koala | 0.01% | 5.29% | 5.30% |
Up to age 12
|
| Hume Bank | iSave changed 16 Oct | 3.50% | – | 3.50% | No bonus: the rate applies every month |
| Hume Bank | Retirement Account changed 16 Oct | 2.00% | – | 2.00% | No bonus: the rate applies every month |
| Hume Bank | Reward Saver | 0.01% | 5.29% | 5.30% |
|
| IMB Bank | Cash Management Account | 1.45% | – | 1.45% | No bonus: the rate applies every month |
| IMB Bank | Everyday 50PLUS Account | 1.75% | – | 1.75% | No bonus: the rate applies every month |
| IMB Bank | Everyday Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| IMB Bank | Reward Saver Account | 0.00% | 3.45% | 3.45% |
Bonus only on balances up to $1,000,000
In the bank's wordsMinimum $50 deposit required with no withdrawals to meet Bonus Interest Criteria New accounts: an extra 2.15% for the first 4 months
|
| IMB Bank | Reward Saver Kick Start | 0.00% | 3.45% | 3.45% |
Bonus only on balances up to $100,000
Ages 13 to 29
In the bank's wordsMinimum $20 deposit required with no withdrawals to meet Bonus Interest Criteria |
| IMB Bank | Zoo Account | 0.10% | 4.40% | 4.50% |
Up to age 12
In the bank's wordsMinimum $10 deposit required with no withdrawals to meet Bonus Interest Criteria |
| ING BANK (Australia) Ltd | Savings Accelerator | 5.05% | – | 5.05% | No bonus: the rate applies every month |
| ING BANK (Australia) Ltd | Savings Booster | 2.50% | 3.15% | 5.65% |
Bonus only on balances up to $500,000
In the bank's wordsGrow your account balance by at least $100 this month (not including any interest earned). New accounts: an extra 0.60% for the first 1 month
|
| ING BANK (Australia) Ltd | Savings Maximiser | 0.01% | 5.74% | 5.75% |
Bonus only from $1,000
In the bank's wordsFor customers who also have an Orange Everyday bank account and do this each month: Deposit at least $1,000 from an external source to an Orange Everyday, Savings Maximiser, Savings Accelerator, Personal Term Deposit, ING Personal Loan or ING Home Loan in your name. |
| Judo Bank | Personal Savings Account | 0.05% | 5.55% | 5.60% |
Bonus only on balances up to $250,000
Bonus only from $1
In the bank's wordsTo trigger the bonus rate, simply deposit $300 or more into your savings account each calendar month. |
| Laboratories Credit Union | Esaver Account | 1.00% | – | 1.00% | No bonus: the rate applies every month |
| Laboratories Credit Union | Everyday Transaction Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Laboratories Credit Union | Savvy Saver | 0.01% | 4.00% | 4.01% |
Bonus only on balances up to $100,000
In the bank's wordsReach your savings goals faster with bonus interest rate by making a minimum deposit of $200 and no withdrawals during the month |
| Laboratories Credit Union | Young and Free Student Account | 5.15% | – | 5.15% | No bonus: the rate applies every month. Ages 8 to 25 |
| Macquarie Bank Limited | Macquarie Cash Management Accelerator Account changed 16 Oct | 4.90% | – | 4.90% | No bonus: the rate applies every month |
| Macquarie Bank Limited | Macquarie Cash Management Account changed 16 Oct | 3.00% | – | 3.00% | No bonus: the rate applies every month |
| Macquarie Bank Limited | Macquarie Savings Account changed 16 Oct | 5.25% | – | 5.25% | No bonus: the rate applies every month |
| Macquarie Bank Limited | Macquarie Transaction Account changed 16 Oct | 3.00% | – | 3.00% | No bonus: the rate applies every month |
| Maitland Mutual Limited | Bonus Saver | 0.00% | 4.00% | 4.00% | The bank's data doesn't say. Check its page. |
| Maitland Mutual Limited | Cash Management | 0.00% | – | 0.00% | No bonus: the rate applies every month |
| Maitland Mutual Limited | Everyday Account | 0.00% | – | 0.00% | No bonus: the rate applies every month |
| Maitland Mutual Limited | Internet Saver | 3.25% | – | 3.25% | No bonus: the rate applies every month |
| Maitland Mutual Limited | Mighty Mutual Account | 4.25% | 0.43% | 4.67% |
The bank's data doesn't say. Check its page.
Up to age 18
|
| Maitland Mutual Limited | Retirement Account changed 16 Oct | 0.25% | – | 0.25% | No bonus: the rate applies every month |
| ME Bank - ME Go | SaveME | 0.05% | 4.55% | 4.60% |
Bonus only on balances up to $500,000
Bonus only from $1
In the bank's wordsBonus rate applies if Bonus Criteria is met. Otherwise only base rate will apply |
| MoveBank | Bonus Saver | 0.10% | 5.25% | 5.35% |
Bonus only on balances up to $250,000
In the bank's wordsBonus rate payable for a calendar month when the eligibility criteria below are met, in addition to the base rate. |
| MoveBank | Express Saver | 1.10% | – | 1.10% | No bonus: the rate applies every month |
| MoveBank | Growth Saver | 0.10% | 5.55% | 5.65% |
Bonus only on balances up to $25,000
In the bank's wordsBonus rate payable for a calendar month when the eligibility criteria below are met, in addition to the base rate. |
| MoveBank | Online Saver changed 16 Oct | 4.80% | – | 4.80% | No bonus: the rate applies every month |
| MoveBank | Term Deposit | – | – | – | No bonus: the rate applies every month |
| MyState Bank | Bonus Saver | – | 5.20% | 5.20% |
In the bank's wordsEligible deposit and Visa transactions are described on our web site. |
| MyState Bank | E&P High Yield Account | 4.50% | – | 4.50% | No bonus: the rate applies every month |
| MyState Bank | Hello Saver account | 5.25% | – | 5.25% |
No bonus: the rate applies every month
New accounts: an extra 5.65% for the first 4 months
|
| NATIONAL AUSTRALIA BANK | NAB Cash Manager | 0.50% | – | 0.50% | No bonus: the rate applies every month |
| NATIONAL AUSTRALIA BANK | NAB iSaver | 1.85% | 3.65% | 5.50% |
The bank's data doesn't say. Check its page.
In the bank's wordsIntroductory bonus margin is only available for a period of 4 months to customers who have not held a NAB iSaver in the last 12 months (on balances up to $20 million). |
| NATIONAL AUSTRALIA BANK | NAB Retirement Account | 1.75% | – | 1.75% | No bonus: the rate applies every month |
| NATIONAL AUSTRALIA BANK | NAB Reward Saver | 0.01% | 5.24% | 5.25% |
In the bank's wordsTo receive bonus interest for the month, customer must make at least one deposit on or before the second last banking day and no withdrawals. |
| Newcastle Permanent | Everyday Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Newcastle Permanent | Everyday Account with partial interest offset | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Newcastle Permanent | Online Savings Account (including Intro) | 1.00% | – | 1.00% |
No bonus: the rate applies every month
New accounts: an extra 4.25% for the first 3 months
|
| Newcastle Permanent | Smart Saver Account | 0.05% | 4.95% | 5.00% |
The bank's data doesn't say. Check its page.
Bonus only on balances up to $50,000
|
| Newcastle Permanent | Smart Saver Account (under 25) | 0.05% | 5.95% | 6.00% |
The bank's data doesn't say. Check its page.
Bonus only on balances up to $50,000
Up to age 24
|
| Newcastle Permanent | Special Monthly Interest | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Northern Inland Credit Union Limited | Bonus Saver | 0.25% | 3.90% | 4.15% |
Bonus only from $250,000
In the bank's wordsVariable Base rate plus Bonus Interest rate is paid if you make at least one deposit of at least $1.00 and no withdrawals each month. |
| Northern Inland Credit Union Limited | Internet Saver | 2.15% | – | 2.15% | No bonus: the rate applies every month |
| Northern Inland Credit Union Limited | Pension Plus | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Northern Inland Credit Union Limited | Ready Saver | 3.10% | – | 3.10% | No bonus: the rate applies every month |
| Northern Inland Credit Union Limited | Smart Start | 0.45% | 3.30% | 3.75% |
Ages 18 to 29
In the bank's wordsThe ideal savings account for young workers. Enjoy a base interest rate and a bonus interest rate when you deposit $1,500/month. Package with the Smart Start Access account for everyday use. |
| Northern Inland Credit Union Limited | Super Saver | 4.35% | – | 4.35% | No bonus: the rate applies every month. Up to age 19 |
| ORANGE CREDIT UNION LTD | BONUS SAVER | 0.25% | 3.50% | 3.75% |
In the bank's wordsBONUS SAVER |
| ORANGE CREDIT UNION LTD | ONLINE SAVER | 4.60% | – | 4.60% | No bonus: the rate applies every month |
| ORANGE CREDIT UNION LTD | PRESTIGE ACCOUNT | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| ORANGE CREDIT UNION LTD | SUPER SAVER | 3.00% | – | 3.00% | No bonus: the rate applies every month. Up to age 17 |
| P&N Bank | Hi Saver Account | 0.05% | – | 0.05% |
No bonus: the rate applies every month
New accounts: an extra 5.30% for the first 4 months
|
| P&N Bank | Momentum Account | 0.30% | – | 0.30% | No bonus: the rate applies every month |
| P&N Bank | Savvy Saver Account | 0.20% | – | 0.20% | No bonus: the rate applies every month |
| P&N Bank | Smart Saver Account | 0.50% | 4.60% | 5.10% |
Bonus only on balances up to $250,000
In the bank's wordsBonus interest is paid on balances up to $250,000 with balances in excess of $250,000 receiving the standard rate. |
| P&N Bank | Way Cool Saver | 0.00% | – | 0.00% | No bonus: the rate applies every month. Up to age 15 |
| People First and Heritage Bank | Dream Fund | 0.01% | 5.54% | 5.55% |
The bank's data doesn't say. Check its page.
Bonus only on balances up to $100,000
In the bank's wordsInterest is calculated daily on the portion of the balance within each balance bracket. |
| People First and Heritage Bank | Online Saver Account | 3.20% | 1.40% | 4.60% |
The bank's data doesn't say. Check its page.
Bonus only on balances up to $100,000
Bonus only from $1
In the bank's words*The Bonus Intro Rate is the current standard variable rate plus a 4 month Bonus Intro Rate, and applies only on balances up to $100,000. The standard variable rate applies to amounts over $100,000.To qualify, new members must open an Online Saver account with a linked eligible account within sixty (60) days of membership opening. An eligible account means a Simply Access (S1), Pension Plus (S65) or Business Access (S13) account. The Bonus Intro Rate applies for 4 months starting on the day the online saver account is opened, after which the Bonus Intro Rate will no longer apply. The Bonus... |
| People First and Heritage Bank | Simply Access Transaction Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| People First and Heritage Bank | Target Bonus Account | 0.01% | 4.24% | 4.25% |
Bonus only from $1
In the bank's wordsBonus Interest applied if at least one deposit and no withdrawals are made during the month. Bonus Interest is calculated on minimum monthly balance. |
| People First and Heritage Bank | Youth Simply Access Transaction Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| People First and Heritage Bank | Youth Target Bonus Account | 0.01% | 4.24% | 4.25% |
Bonus only from $1
In the bank's wordsBonus Interest applied if at least one deposit and no withdrawals are made during the month. Bonus Interest is calculated on minimum monthly balance. |
| Police Bank | Bonus Saver Account | 0.05% | 4.50% | 4.55% |
|
| Police Bank | Dynamo/Flex Account | 0.40% | 2.25% | 2.65% |
Up to age 18
|
| Police Bank | Easy Access Transaction Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Police Bank | Retirement Plus Account changed 16 Oct | 2.50% | – | 2.50% | No bonus: the rate applies every month |
| Police Bank | Safeguard Transaction Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Police Bank | Savings Plus Account changed 16 Oct | 0.90% | – | 0.90% | No bonus: the rate applies every month |
| Police Bank | U30 SUPER CHARGE Account changed 16 Oct | 5.50% | – | 5.50% | No bonus: the rate applies every month |
| Police Credit Union Ltd | Beans Savings Account | 0.20% | 4.80% | 5.00% |
The bank's data doesn't say. Check its page.
Bonus only from $9,999,999
Up to age 18
|
| Police Credit Union Ltd | Focus Saver Account | 0.00% | 5.00% | 5.00% |
The bank's data doesn't say. Check its page.
Bonus only from $200
|
| Police Credit Union Ltd | iSavings Account | 2.20% | – | 2.20% | No bonus: the rate applies every month |
| Police Credit Union Ltd | Super MyWay Account | 0.00% | – | 0.00% | No bonus: the rate applies every month |
| QBANK | Bonus Saver | 0.01% | 5.19% | 5.20% |
Bonus only on balances up to $1,000,000
In the bank's wordsBe rewarded with bonus interest for regular saving |
| QBANK | Intro Saver changed 16 Oct | 5.60% | – | 5.60% | No bonus: the rate applies every month |
| QBANK | Junior Saver changed 16 Oct | 2.70% | – | 2.70% | No bonus: the rate applies every month. Up to age 12 |
| QBANK | Netlink | 2.45% | – | 2.45% | No bonus: the rate applies every month |
| QBANK | Pension Plus Account changed 16 Oct | 1.70% | – | 1.70% | No bonus: the rate applies every month |
| QBANK | Teen Netlink Direct Savings changed 16 Oct | 3.10% | – | 3.10% | No bonus: the rate applies every month |
| Qudos Bank | Bonus Saver changed 16 Oct | 0.10% | 5.25% | 5.35% |
Bonus only on balances up to $100,000
In the bank's wordsDeposit at least $100 and make no withdrawals in a calendar month to receive the bonus rate on your savings. |
| Qudos Bank | Cash Management Account changed 16 Oct | 3.75% | – | 3.75% | No bonus: the rate applies every month |
| Qudos Bank | General Savings Account | 0.00% | – | 0.00% | No bonus: the rate applies every month |
| Qudos Bank | Qantas Points Saver changed 16 Oct | 4.50% | – | 4.50% | No bonus: the rate applies every month |
| Qudos Bank | Qsaver changed 16 Oct | 4.60% | – | 4.60% | No bonus: the rate applies every month |
| Qudos Bank | Retirement Savings Account | 3.44% | – | 3.44% | No bonus: the rate applies every month |
| Queensland Country Bank | All Access | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Queensland Country Bank | Bonus Saver changed 16 Oct | 0.15% | 4.40% | 4.55% |
|
| Queensland Country Bank | Future Start Savings changed 16 Oct | 0.15% | 4.40% | 4.55% |
Ages 18 to 23
|
| Queensland Country Bank | Learners & Earners All Access | 0.01% | – | 0.01% | No bonus: the rate applies every month. Ages 18 to 23 |
| Queensland Country Bank | Online Saver changed 16 Oct | 3.00% | – | 3.00% | No bonus: the rate applies every month |
| Queensland Country Bank | Pension Plus changed 16 Oct | 3.30% | – | 3.30% | No bonus: the rate applies every month |
| Queensland Country Bank | SmartBudget | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Queensland Country Bank | Star Saver changed 16 Oct | 3.15% | – | 3.15% | No bonus: the rate applies every month. Up to age 13 |
| Queensland Country Bank | Student Money Saver changed 16 Oct | 0.15% | 4.40% | 4.55% |
Up to age 18
|
| Rabobank | Call Deposit Account changed 13 Oct | 3.75% | – | 3.75% | No bonus: the rate applies every month |
| Rabobank | Cash Management Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Rabobank | High Interest Savings Account changed 13 Oct | 4.15% | – | 4.15% |
No bonus: the rate applies every month
New accounts: an extra 6.15% for the first 4 months
|
| Rabobank | High Interest Savings Account (Trust) changed 13 Oct | 3.55% | – | 3.55% |
No bonus: the rate applies every month
New accounts: an extra 5.55% for the first 4 months
|
| Rabobank | PremiumSaver changed 13 Oct | 0.80% | 4.85% | 5.65% |
Bonus only on balances up to $250,000
In the bank's wordsBalance increased by $200 a month, excluding interest paid |
| Rabobank | PremiumSaver (Trust) changed 13 Oct | 0.25% | 3.95% | 4.20% |
Bonus only on balances up to $250,000
In the bank's wordsBalance increased by $200 a month, excluding interest paid |
| Rabobank | PurposeSaver changed 13 Oct | 3.40% | – | 3.40% | No bonus: the rate applies every month |
| Rabobank | PurposeSaver (Trust) changed 13 Oct | 2.70% | – | 2.70% | No bonus: the rate applies every month |
| RACQ Bank | Advantage Plus Account changed 13 Oct | 2.00% | – | 2.00% | No bonus: the rate applies every month |
| RACQ Bank | Bonus Saver Account changed 13 Oct | 0.01% | 6.00% | 6.01% |
Bonus only on balances up to $99,999
|
| RACQ Bank | eSave Account changed 13 Oct | 3.25% | – | 3.25% | No bonus: the rate applies every month |
| Regional Australia Bank | Freedom Retirement Account | 1.05% | – | 1.05% | No bonus: the rate applies every month |
| Regional Australia Bank | Internet Maximiser Account | 3.25% | – | 3.25% | No bonus: the rate applies every month |
| Regional Australia Bank | Savings Account | 3.25% | – | 3.25% |
No bonus: the rate applies every month
New accounts: an extra 2.20% for the first 3 months
|
| Regional Australia Bank | Savings Booster Account | 0.00% | 5.00% | 5.00% |
Bonus only on balances up to $250,000
Bonus only from $1
In the bank's wordsInterest is per annum. Deposit at least $100 and don’t make any withdrawals through the month to receive boosted interest for that month. Bonus interest paid on portion of account balance up to $250,000. Interest payable reverts to Base Interest if interest conditions are not met. Base Interest applies on the whole balance. |
| Revolut | Revolut Instant Access Savings | 3.00% | – | 3.00% |
No bonus: the rate applies every month
New accounts: an extra 6.25% for the first 3 months
|
| Revolut | Revolut Kids & Teens Instant Access Savings | 3.00% | – | 3.00% | No bonus: the rate applies every month. Ages 6 to 18 |
| RSL Money | RSL Everyday Account | 0.50% | – | 0.50% | No bonus: the rate applies every month |
| Southern Cross Credit Union | EASY ACCESS 50+ | 0.45% | – | 0.45% | No bonus: the rate applies every month |
| Southern Cross Credit Union | LITTLE STAR SAVER | 1.00% | 4.20% | 5.20% |
Bonus only on balances up to $50,000
In the bank's wordsTiered rate based on different balance thresholds and bonus interest subject to no withdrawals |
| Southern Cross Credit Union | STAR SAVER | 1.00% | 4.20% | 5.20% |
In the bank's wordsBonus interest paid when a minimum balance increase of $100 is achieved for the calendar month |
| Southern Cross Credit Union | STAR SAVER CONTROLLED MONEY ACCOUNT (SOLICITORS ONLY) | 2.60% | – | 2.60% | No bonus: the rate applies every month |
| St.George Bank | Incentive Saver | 0.01% | 5.39% | 5.40% |
Bonus only from $1,000,001
In the bank's wordsTo earn Bonus interest rates, grow your account by at least $0.01 a month for customers under 21 and keep your balance above $0. |
| St.George Bank | Investment Cash Accounts | 0.10% | – | 0.10% | No bonus: the rate applies every month |
| St.George Bank | Maxi Saver | 1.25% | 0.45% | 1.70% |
Bonus only from $5,000,000
In the bank's wordsOpen an account online and earning an extra online bonus rate for the first 6 months. For a limited time only. New Maxi Saver customers only. Offer may be varied or withdrawn at any time. New accounts: an extra 3.90% for the first 6 months
|
| St.George Bank | Retirement Access Account | 0.05% | – | 0.05% | No bonus: the rate applies every month |
| Summerland Bank | Bonus Saver | – | 4.50% | 4.50% |
|
| Summerland Bank | Gold Class | 1.05% | – | 1.05% | No bonus: the rate applies every month |
| Summerland Bank | iSave Online | 0.50% | – | 0.50% |
No bonus: the rate applies every month
New accounts: an extra 5.45% for the first 3 months
|
| Suncorp Bank | Everyday Options Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| Suncorp Bank | Growth Saver Account | 0.10% | 5.25% | 5.35% |
In the bank's wordsBonus Interest - conditions must be met for bonus interest to be paid. |
| Suncorp Bank | Kids Savings | 0.35% | 4.20% | 4.55% |
Up to age 11
In the bank's wordsBonus interest - conditions must be met for bonus interest to be paid. |
| SWSbank | Budget Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| SWSbank | Card Free Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| SWSbank | Everyday Account | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| SWSbank | Goal Account | 0.25% | – | 0.25% | No bonus: the rate applies every month |
| SWSbank | Junior Account | 1.50% | – | 1.50% | No bonus: the rate applies every month. Ages 10 to 13 |
| SWSbank | Online Saver | 2.00% | – | 2.00% | No bonus: the rate applies every month |
| SWSbank | SMF Superannuation | 2.00% | – | 2.00% | No bonus: the rate applies every month |
| SWSbank | Teenager Account | 2.00% | – | 2.00% | No bonus: the rate applies every month |
| Teachers Mutual Bank | Edvest Cash Management account | 1.25% | – | 1.25% | No bonus: the rate applies every month |
| Teachers Mutual Bank | Essential Saver account | 5.25% | – | 5.25% | No bonus: the rate applies every month |
| Teachers Mutual Bank | MOMENTUM SAVER | 0.10% | 5.25% | 5.35% |
Bonus only on balances up to $250,000
|
| Teachers Mutual Bank | Pension Advantage account | 3.25% | – | 3.25% | No bonus: the rate applies every month |
| Teachers Mutual Bank | Starter Saver account | 5.50% | – | 5.50% | No bonus: the rate applies every month. Up to age 29 |
| The Capricornian | Bonus Saver Account | 0.10% | 4.90% | 5.00% |
The bank's data doesn't say. Check its page.
Bonus only on balances up to $250,000
Bonus only from $100
In the bank's words0.10% interest is applied to the entirety of the balance regardless of whether or not the bonus criteria is met. |
| The Capricornian | Everyday Saver Account | 0.10% | – | 0.10% | No bonus: the rate applies every month |
| The Capricornian | iSaver | 0.45% | – | 0.45% | No bonus: the rate applies every month |
| The Capricornian | Pension Access Account | 0.10% | – | 0.10% | No bonus: the rate applies every month |
| The Capricornian | Youth Access Account | 1.75% | – | 1.75% | No bonus: the rate applies every month. Up to age 16 |
| The Mac | CHRISTMAS SAVER | 1.50% | – | 1.50% | No bonus: the rate applies every month |
| The Mac | eSaver | 1.90% | – | 1.90% | No bonus: the rate applies every month |
| The Mac | FREEDOM YEARS | 1.50% | – | 1.50% | No bonus: the rate applies every month |
| TMCU | KIDS SAVER ACCOUNT | 3.50% | – | 3.50% | No bonus: the rate applies every month. Up to age 17 |
| TMCU | MULTI-ACCESS ACCOUNT | 0.02% | – | 0.02% | No bonus: the rate applies every month |
| TMCU | PREMIUM SAVERS ACCOUNT | 0.01% | – | 0.01% | No bonus: the rate applies every month |
| TMCU | REDIFUND ACCOUNT | 1.05% | – | 1.05% | No bonus: the rate applies every month |
| Traditional Credit Union | S1 Everyday Account | 1.00% | – | 1.00% | No bonus: the rate applies every month |
| Traditional Credit Union | S2 Budget Account | 1.00% | – | 1.00% | No bonus: the rate applies every month |
| Traditional Credit Union | S28 Benevolent Account | 1.00% | – | 1.00% | No bonus: the rate applies every month |
| Traditional Credit Union | S4 Family/Clan/Group Account | 1.00% | – | 1.00% | No bonus: the rate applies every month |
| Traditional Credit Union | S6 Student Account | 1.00% | – | 1.00% | No bonus: the rate applies every month. Ages 13 to 18 |
| Traditional Credit Union | S9 Child account | 1.00% | – | 1.00% | No bonus: the rate applies every month. Up to age 12 |
| UBank | Save account | – | 5.35% | 5.35% |
The bank's data doesn't say. Check its page.
Bonus only on balances up to $1,000,000
Bonus only from $250,000
In the bank's wordsEveryday Bonus Rate New accounts: an extra 0.90% for the first 4 months
|
| UniBank | Edvest Cash Management account | 1.25% | – | 1.25% | No bonus: the rate applies every month |
| UniBank | Essential Saver account | 5.25% | – | 5.25% | No bonus: the rate applies every month |
| UniBank | MOMENTUM SAVER | 0.10% | 5.25% | 5.35% |
Bonus only on balances up to $250,000
|
| UniBank | Pension Advantage account | 3.25% | – | 3.25% | No bonus: the rate applies every month |
| UniBank | Starter Saver account | 5.50% | – | 5.50% | No bonus: the rate applies every month. Up to age 29 |
| Unity Bank | Bonus Saver Account | 0.10% | 4.50% | 4.60% |
In the bank's wordsAll deposits made to the account receive interest on the balance together with a bonus interest, if these conditions are met: no withdrawals or transfers are made in the month, account not closed during the month and minimum $100 deposit each month by cash, cheque, payroll credit or direct credit. |
| Unity Bank | Christmas Saver Account | 0.50% | – | 0.50% | No bonus: the rate applies every month |
| Unity Bank | MoneyMAX | 4.50% | – | 4.50% | No bonus: the rate applies every month |
| Unity Bank | Pensioner Plus Account | 2.25% | – | 2.25% | No bonus: the rate applies every month |
| Up | Up Essentials Saver | 2.00% | – | 2.00% | No bonus: the rate applies every month |
| Up | Up Saver | 0.00% | 3.60% | 3.60% |
Bonus only on balances up to $250,000
|
| Virgin Money | Virgin Money Boost Saver | 0.05% | 4.15% | 4.20% |
Bonus only on balances up to $250,000
In the bank's wordsAdditional variable interest rate earned on a Boost Saver where the optional Lock Saver Feature is enabled. Provide 32 days' advance notice to unlock your account or withdraw your money. |
| Virgin Money | Virgin Money Grow Saver | 0.05% | 3.00% | 3.05% |
Bonus only on balances up to $250,000
In the bank's wordsAdditional variable interest rate earned on a Grow Saver where the optional Lock Saver Feature is enabled. Provide 32 days' advance notice to unlock your account or withdraw your money. |
| Westpac | Bump Savings | 1.75% | 3.55% | 5.30% |
Up to age 17
In the bank's wordsAccount balance must not fall below $0 at any time. Make at least one eligible deposit. Interest paid into the account doesn?t count. Account balance on the last business day of the month is higher than the account balance on the last business day of the previous month. Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account on the last business day of the month. |
| Westpac | Westpac 55+ and Retired | 1.95% | – | 1.95% | No bonus: the rate applies every month |
| Westpac | Westpac eSaver | 1.25% | 0.55% | 1.80% |
In the bank's wordsFixed online bonus rate for the first 5 months for opening online. Interest is calculated daily on your account balance up to the second last business day of the month. Interest is paid into the account on the last business day of the month. Balances, including deposits made on or after the last business day of the month, won't count towards that month's interest but will count for the next month's interest. New accounts: an extra 3.80% for the first 5 months
|
| Westpac | Westpac Life | 0.10% | 5.15% | 5.25% |
In the bank's wordsBe aged 18-40 with a Westpac Life and Westpac Choice account in your name (Joint accounts are not eligible and only one Spend&Save offer applies per customer). If you have multiple Westpac Life accounts, only the earliest opened account is eligible for bonus interest. Make at least 20 eligible purchases with the Debit Mastercard� linked to your Westpac Choice account. Purchases must be settled (not pending) by 11:59pm Sydney time on the second last business day within a month. Offer may be varied or withdrawn at any time. |
| Woolworths Team Bank | Bonus Saver Account | 0.10% | 4.80% | 4.90% |
The bank's data doesn't say. Check its page.
Bonus only on balances up to $100,000
|
| Woolworths Team Bank | CHRISTMAS | 2.10% | – | 2.10% | No bonus: the rate applies every month |
| Woolworths Team Bank | NETPLUS | 2.00% | – | 2.00% | No bonus: the rate applies every month |
Where a bank lists more than one bonus, the table shows the biggest. "With the bonus" adds it to the base rate, as the data standard says. An introductory rate for new accounts isn't counted in it.
Before you chase a bonus
- Read the conditions for every month, not just the first. Most bonuses are checked again each month.
- Look for a balance limit. Many pay the bonus on the first $50,000 or $100,000 only.
- Some bonuses are for young people only, or need a second account at the same bank.
Saving instead of spending on gambling? The spend check shows what a weekly habit could grow to.
Rates changed on 838 products since 12 October 2026. Each one is marked "changed" below.
General information, not advice. This shows what banks publish. It doesn't recommend any product, and the order of a table is not a ranking. Rates change, so check the bank's own page for current details before you decide anything.
Source: each bank's own product data, published under the Consumer Data Right, as at 16 October 2026. Every product name links to its page at the bank.