Savings Account Deals Australia

You can earn a boosted 5.75% p.a. total variable rate on balances up to $250,000 with Judo Bank's Personal Savings Account. The new rate kicks in from 18 November 2026.

• Base rate of 0.05% p.a. plus a 5.70% p.a. bonus rate
• Balances from $250,001 to $2,000,000 earn 5.25% p.a.
• You'll need to deposit at least $300 each month to snag the bonus rate
• Anything above $2,000,000 just earns the 0.05% p.a. base rate

You can earn a hefty 5.85% p.a. on your savings with ME's HomeME account, but there's a monthly catch.

• Earn 5.85% p.a. (0.05% base + 5.80% bonus) on balances up to $1,000,000
• You'll need to deposit $2,000+ each month into a linked SpendME everyday account in the same name(s)
• Bonus interest applies from your first month once you fund your HomeME account
• Anything over $1,000,000 drops to just 0.05% p.a.

Perfect if you can set up a regular $2,000 deposit and want a strong return on your savings.

You can earn a solid 6.25% p.a. on balances up to $250,000.99 for your first four months, then it drops to 5.5% p.a. — no hoops to jump through.

• No conditions or hoops to meet for the bonus rate
• Sign up through the app with code PUG for a chance to win 11.5% p.a.
• A great honeymoon rate while it lasts

ING's Savings Booster is a strong option if you can grow your balance each month.

• New customers get a 6.5% p.a. welcome rate for the first 4 months on up to $500K
• After that, earn 5.9% p.a. on up to $500K as long as your balance grows by $100+ per month (interest excluded)
• Balances between $500K and $2M earn the 2.75% p.a. base rate only, and anything above $2M earns nothing
• The welcome rate requires you (and any joint holder) to have never held a personal ING savings account before
• Need to withdraw? Shift your funds to a similar-rate bank for a month, then bring them back to keep the boost alive

A solid place for your remaining savings once your everyday and spending accounts are sorted.

Up Bank is lifting its Saver rate to 5.85% p.a. from November 12th, right in line with the RBA's latest move.

• Applies to balances up to $250k
• You'll need to make 5 monthly card transactions and avoid withdrawals from your Saver to score the rate
• Essentials Saver and Flow Rate stay put at 2%

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).

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

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

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

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 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.

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!

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.

If you're aged 18-40 and looking to actually earn something on your savings, Westpac Life is currently offering a total variable rate of 5.95% p.a. — that's a solid return in today's market. To snag the bonus interest each month, you'll need to:

• Make at least one deposit (interest payments don't count) and grow your balance by even $1
• Make 20 eligible Debit Mastercard purchases linked to your Westpac Choice account
• Keep your balance above $0 and be 18-40 with both accounts in your name

It's a bit of monthly admin, but if you're already using your card for everyday spending, you're basically getting paid to save — just note the boosted rate only applies on balances up to $150,000.