BudgetWise Australia

Compare Australian savings accounts by available interest rates, fees, bonus-rate conditions and account features. Review the conditions attached to each product, including any requirements you may need to meet to receive a bonus rate.

What you can compare

Compare available savings interest rates

Review base and bonus rate conditions

Check fees and account requirements

Compare access and withdrawal conditions

Review provider terms before opening an account

How to compare savings accounts

When comparing savings accounts, consider the interest rate, how the rate is calculated, any balance limits, account fees and the conditions for receiving bonus interest.

A headline rate may depend on meeting monthly requirements. Check whether those conditions fit the way you plan to save and access your money.

Compare the base rate with any advertised bonus rate.
Check eligible balance ranges and rate limits.
Review deposit, balance-growth and withdrawal conditions.
Check account fees and linked-account requirements.
Confirm the current rate and conditions with the provider.

Understanding bonus interest rates

Some savings accounts offer a bonus rate when account holders meet specified conditions. These may include depositing a minimum amount, increasing the balance or limiting withdrawals during a statement period.

The bonus rate may apply only to certain balances or periods. Review the product terms to understand when the bonus is earned and what happens if a condition is not met.

Savings account fees and access

Check for account-keeping fees, transaction limits, withdrawal conditions and any requirement to hold a linked transaction account.

If you may need access to your savings at short notice, consider how the account's access rules fit your needs.

How BudgetWise compares savings accounts

BudgetWise presents available savings account information to help you compare rates, fees and conditions. Product data and coverage can vary by provider.

Check the provider's current product terms before opening an account. Sponsored placements may be identified, and commercial partnerships may influence listing order.

Frequently asked questions about savings account

How do I compare savings accounts in Australia in 2026?

Compare base rates, bonus rates, fees, balance limits and the conditions required to receive bonus interest. Check the provider's current terms.

What conditions are typically required to unlock bonus saver rates?

Conditions can include making a minimum deposit, increasing your balance, limiting withdrawals or meeting other account-specific requirements.

Are eligible deposits protected in Australia?

Eligible deposits with authorised deposit-taking institutions may be covered by the Australian Government Financial Claims Scheme, subject to the scheme's eligibility requirements and limits. Check the official scheme information for details.