Bank Account Deals Australia

If you're 15 to 35, you can earn the highest no-hoops savings rate around right now.

• 5.9% p.a. on balances up to $249,999
• 4.75% p.a. on anything over $250,000
• No hoops to jump through

Looking to switch banks? Westpac is paying you $50 to open a Choice transaction account plus a Life or eSaver savings account.

• You'll need to be 18+, a new Westpac customer (no accounts in the past 2 years), and open both accounts in your name only
• Spend $50+ on the linked debit card within 15 days of opening, then keep the accounts open for at least 60 days
• The $50 lands in your savings account within 60 days of meeting the criteria

Bonus: if you're under 41, the $5 monthly fee is waived and you can earn 6.2% interest on balances up to $150K — just deposit $2,000 a month (which you can move straight back out).

You can earn 5.75% p.a. on up to $50,000 with AMP Bank's GO Save Account, following the RBA's 0.25% cash rate increase, effective 9 November 2026 — and there are no hoops to jump through.

• Business Save balances get up to 5.25% p.a.
• No monthly conditions to meet, so you can use it as an everyday account
• Osko fast payments and notifications on every deposit and withdrawal

You can earn a high 6% p.a. variable interest on your Savings Maximiser balance up to $100,000, but you need to meet a few monthly requirements.

• Also hold an Orange Everyday account and deposit at least $1,000 from an external source each month.
• Make 5 or more settled ING card purchases.
• Grow your Savings Maximiser balance (excluding interest).

Note: New applications close 1 December 2026, but existing accounts can keep using it as usual.

Westpac is lifting its Life savings rate to 6.20% p.a. for 18-40s on the Spend&Save offer, kicking in from 13 November 2026 after the latest RBA hike.

• To score the 6.20%, you'll need to be 18-40, hold a Westpac Choice account and make 20 settled debit card purchases each month
• You'll also need to deposit at least once a month (interest doesn't count) and grow your balance
• The boosted rate covers balances up to $150,000, with anything above earning 5.50%
• Everyone else aged 18+ gets 5.50% p.a. (up from 5.25%), but miss the monthly conditions and you'll drop to 0.10% p.a.

You can earn a genuinely ongoing 6.00% p.a. on balances up to $99,999 with RACQ Bank's Bonus Saver — no honeymoon rate that collapses after a few months.

• Qualify each month by depositing at least $100 and making zero withdrawals or transfers out
• $0 monthly fees and no linked transaction account or card purchases required
• Queensland residents only, and the account shifts to Bendigo Bank around 13-15 November 2026, so the 6.00% may not last
• Keep your balance under $99,999 — a dollar over drops the whole balance to 3.75% p.a., and missing the conditions tanks it to 0.01%
• Rates current as at 13 October 2026; not financial advice

If you're an existing ING Orange Everyday customer, check your email or the ING app for a personalised activation link.

• Activate, then deposit $1,000+ from an external source by 31 December 2026
• Keep depositing $1,000+ each month through 28 February 2027
• ING pays $20 into your account the following month, up to $80 total
• The $1,000 doesn't need to stay in the account, it's a deposit requirement not a balance one

Miss a month and you're out for the rest of the promo, so set a reminder. The offer is targeted and can't be combined with other promos unless stated.

You can earn a solid 5.50% p.a. on your savings with no hoops to jump through, following the RBA's latest cash rate rise.

• 5.50% p.a. on balances up to $250,000
• 5.30% p.a. on $250,000.01 to $2,000,000
• 4.85% p.a. on anything above $2,000,000
• New rates kick in from 19 November 2026
• No ongoing conditions or minimum deposits required

Just note the 5.85% p.a. Welcome rate is no longer offered on accounts opened after 11:59pm AEST Monday 14 September 2026, so existing customers still in that period keep their higher rate.

Earn a solid 5.60% p.a. on your savings with ubank's Everyday Bonus Rate, now bumped up from 10 November 2026.

• Applies to balances up to $1,000,000
• You just need to grow your balance by $1 each month to qualify
• New customers joining from 9 October 2026 can snag a 6.50% p.a. Welcome Bonus Rate
• Those who joined before that date keep a 6.35% p.a. Welcome Bonus Rate

You're getting up to $420 cashback on a new CommBank Low Rate credit card — that's $70 back for every month you spend $500 or more, for up to six statement periods.

• Interest rate from 10.99% p.a. to 15.99% p.a. (personalised on approval) with up to 55 days interest free on purchases
• $6 monthly fee ($72/year) and a minimum credit limit of just $500
• Cashback lands within 90 days of each eligible statement period — but you'll need to keep the card open and in good standing to get it

Just note the offer is for new cardholders only (not if you've held an activated Low Rate or Low Fee card in the past 24 months), and international transaction fees apply. If you're after a low-rate card and can comfortably hit $500 monthly spend, this one's a solid deal — the cashback more than covers the annual fee.

Here's a deal that could put up to $400 back in your pocket just for switching your everyday banking to ING!

• New customers can score $200 just by opening an Orange Everyday + Savings Booster with code INGNEW400 and depositing $1,000 from an external source (like your pay) before 31 October 2026
• Then earn $100 more in November and another $100 in December — just deposit $1,000 each month and make 5+ card purchases (easy stuff like groceries or fuel counts!)
• That's up to $400 cashback over 3 months for doing banking you'd be doing anyway

You must be a new ING customer (haven't held an account since 1 July 2019) and meet the monthly criteria, so read the fine print before signing up.

If you've got a bit of cash sitting in your everyday account, you can turn it into Qantas points instead of pocket change with AMP Bank GO's double points promo. You're earning 2 Qantas Points for every $10 of your average monthly balance — up to a hefty 50,000 points per month (100,000 total) — but only until 31 Jan, so don't sleep on it.

• Just know you're trading off interest: $100 in the account earns either 20 points or about $0.46 in interest per month — so it only makes sense if you value points over that tiny bit of interest
• Everyday Money account only (not the 5.5% interest savings account)
• Points cap out at 50,000 per month, so spread your balance wisely if you're chasing the max

Grab it before the promo ends on 31 January!

Earn a seriously competitive 6.00% p.a. on your savings with Bankwest's Easy Saver Account — that's on balances up to $250,000.99 for your first 4 months (then a still-solid 5.25% p.a.).

• No hoops to jump through — no balance growth requirements, no minimum transactions, no monthly tasks
• Bonus: use code "PUG" when you sign up for a chance to win an 11.50% p.a. rate fixed for 4 months (up to $250,000.99)
• One lucky saver actually won the September draw, so your odds might be better than you'd think!

If you've got cash sitting in a low-interest account, this is an easy set-and-forget way to make it work harder for you.

Earn a seriously impressive 5.60% p.a. on your savings with the HomeME Savings Account from ME Bank — that's one of the best rates going around right now.

• You'll earn 5.60% p.a. on balances up to $1,000,000 (yep, you read that right — up to a million!)
• To snag the bonus rate, just deposit $2,000+ into your linked SpendME account each month — your salary or any external transfer counts
• Bonus interest applies from your very first month, so you can start earning straight away
• Easy to set up through the ME Go app — open a combined HomeME Savings and SpendME account and you're sorted

If you've got savings sitting in a low-interest account, this is a no-brainer way to make your money work harder for you.

You can earn a seriously impressive 6.25% p.a. variable interest on your savings for the first 3 months — that's well above what most Aussie banks are offering right now.

• Earn 6.25% p.a. on balances up to $50,000 (variable rate, paid daily)
• Available to new Revolut customers for your first 3 months
• Instant access to your money — no lock-in, no waiting
• Just note the boosted rate applies to new customers, and fees/T&Cs apply

If you've got some cash sitting in a low-interest account, this is an easy way to make it work harder — just don't forget the 3-month window!

Here's a nice little earner if you're already banking with ING — or thinking about switching!

• Activate the offer, then deposit $1,000+ per month into your Orange Everyday for November, December, and January
• You'll score a $20 bonus each month — that's up to $60 back just for doing your regular banking
• Your pay or salary deposit counts, so it's basically free money if your income already lands there
• Just make sure you activate via the link first and hit the deposit by 30 November 2026, with the final month ending 31 January 2027

Easy $60 for three months of normal banking — just don't forget to activate before you start!

Here's a deal that basically pays you to get your banking sorted — ING is handing out a $100 bonus just for ticking a few simple boxes across October, November and December 2026.

• Activate by 31 October 2026, then each month just log in to the app, deposit $1,000+ into your Orange Everyday (your pay counts!), and keep $100 in an eligible savings account
• Do it across all three months and $100 lands in your pocket — spend it or save it, your call

Limited-time offer and you need to activate first, so don't sit on it.

If you're aged 15 to 35, you can score one of the best savings rates in Australia right now — no hoops, no gimmicks.

• Earn 5.65% p.a. on balances up to $249,999 (rising from 5.40% on 16 Oct 2026)
• Balances over $250k still earn a solid 4.50% p.a.
• No monthly deposit requirements or transaction hoops to jump through

Grab this deal while it lasts — it's a genuinely easy way to make your savings work harder.

Earn up to 5.6% p.a. on your savings with Up Bank — that's a rate worth switching for. From October 8th, you'll score 5.6% on your Saver account, as long as you make 5 card transactions a month and don't withdraw from your Saver along the way.

• 5.6% p.a. on your Saver from October 8th
• Just 5 monthly card purchases to qualify — easy if it's your everyday card
• No withdrawals from your Saver to keep the rate
• Prefer simplicity? The Essentials account stays at 2% p.a. with no conditions

If you're sitting on a decent chunk of savings earning next to nothing, ubank's new-customer offer is worth a look — you'll earn 6.10% p.a. interest for 4 months on balances up to $1,000,000 from 6 October 2026.

• The only catch? You need to grow your balance by just $1 each month to unlock the bonus rate — easy.
• New customers only, meaning you haven't held a ubank-branded product in the past 24 months.
• Don't forget to grab a referral code from the random generator on the deal page for extra value.

If you've got a lump sum parked somewhere lazy, this is a seriously tidy place to stash it for four months.

Here's a quick $100 cash bonus for Aussie business owners! Just open a fee-free Westpac Business One account and deposit at least $100 in a single transaction within 10 days to score your bonus.

• Use payee description WELCOME100 when you transfer your $100 in (this is essential or you won't qualify)
• The bonus lands in your account within 60 business days
• New customers only — you're ineligible if you've held a Westpac business transaction account in the last 2 years

A no-keeping-fee account plus a free $100 — pretty easy win if you're after a new business account.

Earn a solid 5.65% p.a. on your savings with ING's Savings Booster — that's a seriously good return on up to $500,000!

• New customers score an extra 0.60% p.a. welcome rate for the first 4 months
• Just grow your balance by $100 each month to unlock the boosted rate
• Up to $2 million earns the 2.5% p.a. base rate

It's a great time to make your money work harder — just remember that $100 monthly balance growth to keep that bonus rate rolling in.

Earn a tidy 5.40% p.a. on every dollar in your savings with St George's boosted Incentive Saver account.

• There's just one catch: if you're over 21, grow your balance by $50 each month (under 21s only need $1)
• Interest applies to all balances, so you're not capped on how much you can earn
• Perfect if you're already squirrelling away a bit each month anyway

Grab this deal if your savings could use a serious glow-up!