Savings Accounts

Referral code: Jmx362

Passport or AU licence, Australian address, Australian TFN

Max balance: Bonus paid up to $500k

In the ING app, it's easy to check whether you've qualified for the bonus interest this month.

No hoops. For deposits up to $250k. Drops substantially after the intro rate ends.

Max balance: Up to $250k

No hoops. Only for customers new to ING savings. Any balance up to $2M gets the max rate. Tiered rates apply per balance tier and rates for each tier may change in the future.

Max balance: Top rate only payable for accounts with balances of $150k to $500k

Grow balance. For customers who joined from 15 July 2025. Up to $1 million.

Max balance: $1M

New customers only.

Must be an Australian citizen, Australian permanent resident, or a New Zealand citizen living in Australia. No hoops. Max bonus rate applies to balances under $50k, 4.5% up to $250k, slightly lower above that. Must be a NSW/QLD resident.

Must be under 25 and a NSW/QLD resident.

Grow balance. Requires a deposit, keep balance above $0, and 20 eligible purchases with a debit card on a Choice transaction account. Max rate on first $150k.

Max balance: Spend & Save bonus payable on up to $150,000

5.75% total = 0.10% standard variable base rate + 4.90% standard variable bonus rate + 0.75% Spend&Save variable bonus rate (on balances up to $150,000). Must be between 18 and 40.

Grow balance. Up to $250k.

Max balance: $250k

Age 16+. No direct debits or scheduled payments from the Easy Saver Account.

Must be an Australian citizen or permanent resident currently living in Australia. Grow balance. Bonus rate applies up to $25,000, deposit $200 and no withdrawals within a calendar month.

Max balance: Bonus paid up to $25k

No hoops. Same account as "BOQ Future Saver 17-35yo" but no hoops if 14-17yo.

Max balance: Max bonus on first $50k, lower on remainder up to $250k

Must be 14 to 17yo.

Deposit $1,000 into a linked Everyday account & 5 eligible transactions. Bonus in 1st month, must earn for subsequent months.

Max balance: Max bonus on first $50k, lower on remainder up to $250k

Must be 17 to 35yo.

Referral code: Jmx362

Passport or AU licence, Australian address, Australian TFN

Max balance: Bonus paid up to $100k

Needs a linked Orange Everyday account.

No hoops. First $5k at max rate, much reduced above that.

Max balance: Max bonus on first $5k only

Available to members aged 12 to 17. Account must be in an adult's name if the member is under 12.

Max rate on first $5,000, then 1.00% on the portion of balance over that.

Max balance: Max bonus on first $5k

Converts to the standard eSaver Plus Account once you turn 18.

Passport or AU licence, Australian address, Australian TFN

Max balance: Bonus paid up to $500k

In the ING app, it's easy to check whether you've qualified for the bonus interest this month.

Deposit $1,000 into a linked Everyday account and make 5 eligible transactions. Bonus applies from the first month; must keep earning it in later months.

Max balance: Bonus paid up to $250k

Grow your balance by $200+ per month.

Max balance: No hard cap, but the bonus rate applies below $250k — substantially lower above that.

Special deal for migrated Citi Online Saver accounts. Grow balance — make at least 1 deposit on or before the 2nd last banking day of the month, and no withdrawals.

Max balance: Bonus paid on balances above $1

Allows balances $1M+. Only available to customers migrated from Citi.

No hoops. Introductory rate for new MyState Bank customers.

Max balance: Much lower rate over $100k

Deposit $2,000–$5,000 and make 5 eligible purchases each month via the linked SpendMe transaction account. Only Savers you don't withdraw from earn the bonus rate; up to 50 Savers allowed.

Max balance: Bonus paid up to $1M total across Savers (previously up to $100k, then 3.00% from $100k–$1M before that).

SpendMe account required; app only. Part of the BOQ Group for the $250k government deposit guarantee.

Make 5 eligible purchases a month. Any Saver you don't withdraw from earns the bonus rate; up to 50 Savers allowed.

Max balance: Bonus paid on the first $250k of total balances

Needs a linked Up everyday account.

Deposit $300/month. Max rate applies on the first $250k; 4.85% on the portion from $250k–$2M. $20k withdrawal limit per transfer, or call for more.

Max balance: Effectively $2M

No Osko (fast payments).

Deposit $200/month, no withdrawals.

Max balance: Bonus applies while balance is under $250k

Reopened to new customers — membership is $10, with payment deferred until a Reward Saver account is called for by the Board of Directors.

Up to $50k. Deposit $500 required. 5 card transactions for the bonus.

Max balance: $50k

Must be 18 to 24yo.

No hoops. Open a companion Complete Freedom transaction account by 8 June 2026, deposit $50 with 10 days and get a $50 bonus.

Max balance: No limit to get the best rate

Ability to open multiple accounts. Part of the Westpac Group for the government guarantee. Same product at St.George, Bank of Melbourne and BankSA.

No hoops. Open a companion Complete Freedom transaction account by 8 June 2026, deposit $50 with 10 days and get a $50 bonus.

Max balance: No limit to get the best rate

Ability to open multiple accounts. Part of the Westpac Group for the government guarantee. Same product at St.George, Bank of Melbourne and BankSA.

No hoops. Open a companion Complete Freedom transaction account by 8 June 2026, deposit $50 with 10 days and get a $50 bonus.

Max balance: No limit to get the best rate

Ability to open multiple accounts. Part of the Westpac Group for the government guarantee. Same product at St.George, Bank of Melbourne and BankSA.

For deposits up to $250k. May apply to new accounts only.

Max balance: Up to $250k, then rates vary

The welcome rate is variable and may change during the four-month period.

Allows opening another NetSave account at the end of your honeymoon period.

Drops to 1.5% after the honeymoon phase.

Grow balance by $50 monthly & no withdrawals. Must not have previously held a Reward Saver account.

Max balance: $1M

Drops to 2% after the honeymoon phase.

Deposit $2,000, make 5 settled Visa debit transactions, and grow your linked Everyday (formerly Everyday Snap) account balance.

Max balance: Bonus paid up to $100k

Very low rate if the bonus requirement isn't met.

Deposit $500 into a linked "Transaction account" (required), plus 5 cleared Visa purchases.

Max balance: Bonus paid up to $100k

Deposit $500 into a linked "Access Account".

Max balance: Bonus paid up to $100k

Needs a linked Access Account. Balances above $100k only earn the standard rate.

Grow your balance by depositing $100/month, with no withdrawals. Full rate applies up to $99,999.

Max balance: Bonus paid up to $100k; substantially lower rate above that

Very low rate if the bonus requirement isn't met.

Inflexible. Deposit 1c and no more than 1 withdrawal in the current month. Give 32 days' notice to withdraw, during which you don't get the 2.2% Lock Saver bonus.

Max balance: Bonus paid up to $250k. Part of the BOQ Group (affects government guarantee grouping).

No EFTPOS.

Must have entire salary deposited to the account. Up to $30k total ($10k per account, up to 3 accounts per customer).

Max balance: $30k

Must be under 30yo. Membership requires an eligible connection to police or the wider emergency services community.

Valid passport, proof of an Australian address, and a foreign Tax Identification Number (TIN). The online bonus needs a sole applicant who has never held an eSaver before.

Allows online pre-arrival application, or in-branch verification upon arrival. The 5.25% total (3.55% introductory + 0.45% online bonus) applies for 5 months, then drops to the 1.25% standard variable rate.

No hoops. Introductory rate if you haven't held a NAB iSaver in the last 12 months.

Max balance: $20M

Drops to the 1.10% standard rate after the honeymoon phase.

Grow your balance by at least $100 by 5pm on the last business day of the month.

Max balance: N/A

Very low rate if the bonus requirement isn't met.

No hoops. Introductory rate if you haven't held one before.

Max balance: N/A

Drops to the 1.90% standard rate after the honeymoon phase.

Grow your balance by 1c. Lower rate on balances over $100k.

Very low rate if the bonus requirement isn't met.

Grow balance by $50 (21+) or $0.01 (under 21) and keep the balance above zero.

Max balance: No limit to get the best rate

You can open multiple accounts. Part of the Westpac Group for the government guarantee — same product at St.George, Bank of Melbourne and BankSA.

Grow balance by $50 (21+) or $0.01 (under 21) and keep the balance above zero.

Max balance: No limit to get the best rate

You can open multiple accounts. Part of the Westpac Group for the government guarantee — same product at St.George, Bank of Melbourne and BankSA.

Grow balance by $50 (21+) or $0.01 (under 21) and keep the balance above zero.

Max balance: No limit to get the best rate

You can open multiple accounts. Part of the Westpac Group for the government guarantee — same product at St.George, Bank of Melbourne and BankSA.

No hoops. Can get the intro offer again after 12 months.

Max balance: $1M

Drops to 2.75% after the honeymoon phase. HSBC is closing its Australian retail banking business by the end of 2027 — existing customers should plan to move to another provider before then.

No hoops. Max rate applies up to $500k, lower rate above that up to $5M.

Max balance: $5M

No EFTPOS on the transaction account; app only. The max-rate cap drops to $50k from 21 Aug 2026.

No hoops. Max rate applies up to $50k, lower rate above that up to $5M.

Max balance: $5M

No EFTPOS on the transaction account; app only. Max-rate cap reduced from $500k to $50k.

No hoops. Max rate on the first $5k; 1.75% on the rest. Requires an existing ANZ Plus spending account.

Max balance: $5k for the max rate

No linked Visa debit card, but payment options include PayTo, Pay Anyone, BPAY and Direct Debit.

Grow your balance. Applies on balances up to $250k; much lower above that.

Max balance: Effectively $250k

Grow your balance by $1. Total Save balance across all Save accounts must grow by at least $1 (excluding interest and offset amounts).

Max balance: Bonus paid up to $1M, including balances across all Save accounts

Account opening may require a selfie and photos of your licence or passport in the app.

Grow balance, no withdrawals.

Max balance: $1M

Membership requires an eligible connection to the ADF or the broader defence community.

Grow balance by $100 per month, excluding interest.

Max balance: No limit

Account opening may require a selfie and photos of your licence or passport in the app. A NSW Photo ID is not accepted.

Grow balance by $100+ a month, no withdrawals. Rate is for balances up to $100k.

Max balance: Max bonus on the first $100k. Tiered rate for balances greater than $100k.

Rate drops to 0.10% if conditions aren't met.

Grow balance by $10. No withdrawals. Slightly lower rate on balances from $50k to $250k.

Max balance: Effectively $250k

Must be under 25. Rate drops to 0.10% if conditions aren't met.

No hoops. For deposits up to $250k. May apply to new accounts only.

Max balance: Up to $250k

After six months the rate reverts to the introductory base variable rate (1.25%). Membership requires an eligible connection to the ADF or the broader defence community.

No hoops.

Max balance: Up to $3M

Grow balance by $200 and max 1 withdrawal per month.

Very low rate if the bonus requirement isn't met.

Grow balance. Have a higher balance at the end of the month compared to the start of the month.

Max balance: Bonus paid up to $50k

Must be under 18yo.

Requires a deposit, keep balance above $0.

Max balance: N/A

Must be under 17; under-14s need a parent to open the account. Converts to Westpac Life once the holder turns 18.

No hoops. For amounts up to $2M, over that 2.5%.

Max balance: $2M

Needs a linked Macquarie Transaction account (no EFTPOS). Interest is paid on the portion of the balance that falls within each band.

No hoops. Up to $500k. Poor rate beyond that.

Max balance: Bonus paid up to $500k

Grow balance by 1c or more.

No hoops. On balances up to $250K. Much lower rate above that.

Max balance: Effectively $250k (as of 31 Oct 2025)

Some existing customers report receiving a targeted 5.5% rate (same as the honeymoon rate) until 30 Jul 2026.

Deposit $20 per month into the Bonus Saver Account, plus 5 Visa debit card transactions.

Max balance: Bonus paid up to $500k

No longer offered to new customers.

Grow balance by 1c or more. Ensure balance is higher at the end of the month than the beginning. Keep balance above $0 at all times. Must hold a Westpac everyday account.

Max balance: N/A

Grow balance. Make a deposit, ensure balance is 1c or more on or before the second last banking day of the month, and no withdrawals.

Max balance: $1M+

Nearly zero rate if you miss out.

Grow balance. Deposit $100+ a month. No withdrawals.

Max balance: Bonus paid up to $250k

Valid passport, foreign Tax Identification Number (TIN) or Australian Tax File Number (TFN), and an in-branch ID check within 14 days of opening. To earn the bonus rate: deposit any amount and grow your balance each calendar month.

Can be applied for online up to 14 days before arrival or within 12 months after arriving, or in-branch as a tourist.

No hoops. Max rate only if balance is $500k or more.

Has tiers, and it's unclear whether the top rate applies to the entire balance or just the portion within the top tier.

Grow balance by $250 in the prior month. Bonus applies to the first $500k.

Max balance: Bonus paid up to $500k

Closed to new customers. AMP is inviting existing holders of this account to move to AMP GO Save instead.

No withdrawals.

Grow balance by $250 in the current month. 3.25% on the portion over $500k.

Max balance: Max bonus paid on first $500k, no limit at the reduced bonus rate

Very high max balance for bonus rates. Very low rate if the bonus requirement isn't met.

No withdrawals.

Max balance: $750k

No hoops. Any balance up to $2M gets max rate. Tiered rates apply per balance tier; rates for each tier may change over time.

Max balance: $2M

Max rate only when total balance is over $150k. Interest rate on the entire balance varies depending on balance.

No hoops. New customers get an additional bonus rate — see Honeymoon section.

Max balance: Rate paid up to $5M

No withdrawals.

Max balance: No limit

Grow balance (excluding current month interest). You must hold an eligible transaction account.

Max balance: Bonus paid up to $100k

Meet monthly requirements on the required transaction account to avoid account-keeping fees. $2,000 in or $6 pm.

No paper statements.

Max balance: $5,000,000

Interest paid on the portion above $1k. No interest paid on the first $1k, so you don't actually get the full 4.6% on your whole balance.

No hoops.

Max balance: Max rate paid up to $2M, much lower above that

0% on the first $10k of balance, max rate on the portion from $10k–$240k, lower rate above that. It is a transaction account with debit card/BPAY/Pay Anyone/direct debit.

Max balance: Max rate up to $240k, much lower above that

Has BPay and external transfers from account.

Unity Bank is an independent mutual bank — not part of the BOQ Group. Max-balance cap for this rate not confirmed; check directly with the provider.

Give 32 days' notice to withdraw. Deposit $1,000 to Go account + 5 purchases/direct debits/BPAYs, settled in the previous month. No criteria if under 18yo.

Max balance: Bonus paid up to $250k. Part of the BOQ Group (affects government guarantee grouping).

Balances up to $1M, slightly lower rate above that. Requires a nabtrade account and associated nabtrade Cash Account.

Max balance: $1M

Allows balances up to $1,000,000. Rates are variable — on higher balances, the lower rate applies to the total balance.

Foreign passport or national ID, plus your home country address.

Non-bank multi-currency account — useful as a stopgap for receiving AUD before you have a local bank account. Unlike the bank accounts above, balances aren't covered by the Australian government's $250,000 deposit guarantee. The ~3.71% figure is an estimated variable return from Wise's optional "Interest" feature (run by Wise Australia Investments Pty Ltd, AFSL 545411), not a bank interest rate — it charges a 0.72% annual fee and capital is at risk, not guaranteed.

No hoops.

Max balance: None

No EFTPOS.

Foreign passport, proof of a local address (e.g. hotel or lease), and a foreign Tax Identification Number (TIN).

Application must be completed in person at an ANZ branch in Australia — no pre-arrival online option. No introductory bonus currently offered; the 1.35% standard variable rate applies with no conditions.

Primary photo ID (foreign passport), plus your home country address and Tax Identification Number (TIN).

HSBC's own product page confirms it is "no longer accepting applications" for this account, as part of HSBC closing its Australian retail banking business over the next 18 months. Left here for reference — use one of the other pre-arrival accounts instead.