The BankSA Incentive Saver account actually rewards you with bonus interest every month for boosting your savings. That’s a great way to earn a competitive interest rate and give you the incentive to stick to your savings goals at the same time.
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Savings Accounts & Term Deposit Comparison in Australia
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Savings Account Finder™ is a 100% free service to help Australians open the right account with the best interest rate and lowest account keeping fees. Savings accounts are not all the same, so compare the best savings accounts and term deposits on Savings Account Finder™ today and start earning more interest and paying less fees.
Finding the best savings accounts is easy on Savings Account Finder™ - you can read product reviews, use helpful tools, tips, and guides to quickly compare the market's leading high-interest accounts, everyday transaction accounts and no fee accounts, then simply open your account online today.
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Comparison of Top Savings Accounts
Rates accurate as at: May 23rd, 2012| Savings Account | Account Details | Maximum Variable Rate p.a. | Standard Variable Rate p.a. | Bonus Interest p.a. | Fees | Min Balance/Min Deposit | |
|---|---|---|---|---|---|---|---|
 RaboDirect High Interest Savings Account | Earn a high variable rate on every dollar for the first 4 months for balances up to $250k | 5.60% | 4.85% | 0.75% | $0 | $0 / $0 |
 
|
 UBank USaver | High ongoing rate plus if you deposit $200 monthly receive the bonus 0.60%, taking this up to an even higher rate. Open online, no paperwork. | 5.51% | 4.91% | 0.60% | $0 | $0 / $0 |
|
 Bankwest TeleNet Saver | Earn a high rate for 6 months on your savings. | 5.65% | 4.25% | 1.40% | $0 | $0 / $0 |
|
 St.George Maxi Saver | Take advantage of a competitive interest rate to kick start your savings plan. | 5.30% | 3.75% | 1.55% | $0 | $0 / $0 |
|
 Virgin Saver Account | Competitive on-going interest rate with no minimum deposit requirements, no minimum or maximum balance, and no fees. | 4.75% | 4.75% | $0 | $0 / $0 |
| |
 Bank of Melbourne Maxi Saver Account | Enjoy a high ongoing interest rate with no monthly account service fee. | 5.35% | 3.75% | 1.60% | $0 | $0 / $0 |
|
 Citibank Online Saver | Introductory rate of 5.70% p.a. for 4 months with ongoing rate of 4.25% p.a. | 5.70% | 4.25% | 1.45% | $0 | $0 / $0 |
|
 HSBC Serious Saver | Enjoy an introductory variable rate for 4 months for balances up to $1,000,000. | 5.55% | 4.25% | 1.30% | $0 | $0 / $0 |
|
 ANZ Online Saver | Access your funds 24/7, no minimum balance and earn up to 5.50% p.a. until 30 September 2012. Online offer exclusive. Apply online by 31 May 2012. | 5.50% | 3.75% | 1.75% | $0 | $0 / $0 |
|
 BankSA Maxi Saver | A low rate from one of the most trusted brands. No fees, no hidden catches, no minimum term or minimum balance. | 4.85% | 4.85% | 0.00% | $0 | $1 / $0 |
|
 Easy Street Bonus Saver Account | Zero fee and a fantastic bonus rate when you deposit at least $50 a month in to your Bonus Saver Account. | 5.61% | 0.01% | 5.60% | $0 | $0 / $0 |
|
 NAB iSaver | Get your savings off to a flying start with bonus interest on top of a competitive standard rate. | 5.00% | 3.65% | 1.35% | $0 | $0 / $0 |
|
Easy Street - Easy Savings Account | A high ongoing interest rate with no fixed term, no minimum balance and no fee. | 4.60% | 4.60% | 0% | $0 / |
|
Featured RaboDirect Savings Account
RaboDirect offer arguably the best savings account on the market today, with the RaboDirect High Interest Savings Account. One of the highest promo rates on the market, a great ongoing interest rate and no fees make this savings account a winner.
- Maximum Rate: 5.60%
- Standard Variable Rate: 4.85%
- Bonus Rate: 0.75%
- Monthly Account Fees: $0
- Minimum Balance: $0
- Minimum Deposit: $0
Comparison of Top Term Deposits
If you are looking for the certainty of a guaranteed return at a high interest rate, then compare and find the best term deposit accounts to reach your savings goals faster.Rates accurate as at: May 23rd, 2012
| Term Deposit | 1 Month | 3 Month | 4 Month | 6 Month | 12 Month | 24 Month | 36 Month | 60 Month | Min Deposit | |
|---|---|---|---|---|---|---|---|---|---|---|
Bankwest TD Direct | 3.75% | 5.25% | 3.75% | 5.20% | 5.00% | 5.00% | 5.05% | 5.30% | $1000 |
|
RaboDirect Term Deposit | 4.00% | 5.10% | 5.10% | 5.40% | 5.45% | 5.10% | 5.30% | 6.00% | $1000 |
|
St.George Term Deposit | 2.55% | 3.25% | 5.05% | 5.05% | 5.05% | 5.10% | 5.20% | 5.50% | $5000 |
|
UBank Term Deposits (online) | 3.36% | 5.21% | 5.21% | 5.61% | 5.41% | $1000 |
|
No Fee Transaction Account Comparison
| Description | Monthly Account Fees | Debit Card Access | ATM Withdrawal Fee  |
Interest Rate p.a. | Details | ||
|---|---|---|---|---|---|---|---|
|
NAB Classic Banking | No overdrawn fees. Press Credit when you shop and get complimentary 3 months Purchase Protection Insurance. | 0 | Yes, Visa | 0 | 0.01% | No minimum deposits required to get $0 monthly service fee. |   |
|
Citibank Plus Transaction Account | Transfer funds instantly between Citibank accounts in more than 25 participating countries. | $0 | Yes, Visa | 0 | 0.00% | No ATM fees using Citibank, Westpac, BankSA and St .George branded ATMs | |
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Savings Account Articles and Guides
BankSA SENSE Everyday Account
May 23rd, 2012The BankSA SENSE Everyday account gives you an excellent way to manage your budget and increase your savings at the same time. You could be rewarded with a very competitive interest rate on savings while you use your everyday transaction account the same way you always would.
BankSA SENSE Savings
May 23rd, 2012The BankSA SENSE Savings account gives you two convenient accounts linked together to help you make saving easier. Keep your savings in one account so they’re separate from your daily transaction amounts and earn competitive interest on the amount you keep in savings.
Bank of Melbourne Maxi Saver
May 21st, 2012The Bank of Melbourne Maxi Saver gives you an excellent way to boost your savings. You can earn a competitive interest rate on the savings in your account while still having access to your money whenever you need it.
Savvy Savings Accounts May Not Be Earning Enough
April 11th, 2012In this period of economic uncertainty, more and more Australians are encouraged to boost their savings to prepare for their future. As this takes place, Aussies should be money-savvy and find the best deal for their deposit account.
According to Canstar, account holders should review their account for any interest and taxes paid. This will give [...]
* The Savings Accounts compared on this page are chosen from a range of accounts this site tracks. 'Best', 'Top' and 'Recommended' are ratings which are our suggestions from the major providers and not rated against every Australian savings account.