Types of Savings Accounts available in Australia

Featured Savings Account
If you are looking for the highest interest rate, then the UBank USaver is the best savings account on the market at the moment. With its savings maximiser bonus, it stays ahead of the competition.
- Maximum Rate: 6.01%
- Standard Variable Rate: 5.41%
- Bonus Rate: 0.60%
- Monthly Account Fees: $0
- Minimum Balance: $0
- Minimum Deposit: $0
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Open an online savings account today and earn high interest on your earnings while not having to waste time at your local branch. Watch your savings grow as you make daily transfers from your everyday account and stop paying the fees you would through regular transactions and withdrawals. Consider the various offers and features available from the leading banks and apply online to start saving. - Free Savings Account when you Apply Online
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Earn back some of the money lost to taxes over the years by taking advantage of the government deposit account guarantee. Every Australian is entitled to contributions from the government on deposits of up to $1 million dollars. Whether saving for your first home or building your superannuation, find the right savings account to start managing your government incentives. - Linked Savings Account with your Transaction Account
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An offset savings account will help you pay off the interest you cover on your home loan each month. Find out how to optimise your offset account for all of your deposits and earnings to minimise the interest you have to pay. Learn more how you can reduce the interest your paying on your home loan from day one. - Offshore Savings Accounts
An offshore savings account can let you receive higher interest on your savings than you would in Australia with the added extra of tax benefits and minimum fees. Find out how you can ease the burden of taxes with an offshore account and the current performance of U.S and European offshore accounts. Learn the necessary steps to opening your own offshore saving account. - Retirement Savings Account
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Top High Interest Savings Accounts
All of these accounts are FREE to open and require no minimum deposit. They all have easy internet banking access with no transaction fees.
| Savings Account | Account Details | Maximum Variable Rate p.a. | Standard Variable Rate p.a. | Bonus Interest p.a. | Fees | Min Balance/Min Deposit | |
|---|---|---|---|---|---|---|---|
![]() UBank USaver | High ongoing rate of 5.41% p.a. Deposit $200 monthly to receive a bonus 0.60% p.a, taking this up to 6.01% p.a. Open online. | 6.01% | 5.41% | 0.60% | $0 | $0 / $0 |
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![]() Virgin Saver Account | High introductory rate for 4 months to grow savings faster. | 5.85% | 4.65% | 1.20% | $0 | $0 / $0 |
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![]() ANZ Online Saver | No min balance and earn up to 6.00% p.a. until 30 June 2012. Online exclusive offer. Apply online by 29 February 2012. | 6.00% | 4.25% | 1.75% | $0 | $0 / $0 |
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