Savings Accounts

Earn More on Your Savings: How to Get Up to 5.00% p.a. Right Now

Don’t settle for your old bank’s base rate.” Actively compare the ‘Big Four’ and challenger banks for the best promotional rates.
In late 2025, the savings landscape is all about chasing the bonus interest. The best high-interest savings accounts are currently offering total variable rates of up to 4.80% – 5.00% p.a., but these are almost always conditional. You need to know the fine print!
  • The Big Trap: Don’t fall for your Big Four bank’s standard variable rate, which might be as low as 1.55% p.a. You’re leaving free money on the table.
  • Actionable Step: Aim for an account with a promotional introductory rate (up to 5.00% p.a. for the first few months) or a bonus-rate account that rewards you for making a minimum deposit (e.g., $500) and/or no withdrawals each month.
  • Calculator Tip: Use a compound interest calculator to see how a jump from 1.5% to 5.0% on a $10,000 deposit can earn you an extra **$350+** in one year.

It has been estimated that Australians could save on average $4000/year by shopping around for a better deals on their home loan, savings account & credit card! Every week that we delay finding a better deal, we waste $77/week!

💰 Highest Interest Savings & Best Bank Offers in Australia (Nov 2025)

🔥 Top Savings Accounts: Earn up to 5.00% P.A.

In the current climate, your savings should be working hard for you! We’ve tracked down the high-interest savings accounts with the absolute highest headline rates available this month. Remember, almost all of these require you to meet monthly criteria (like making a minimum deposit or avoiding withdrawals) to earn the bonus rate.

Rank Bank / Account Max Variable Rate (P.A.) Key Requirement / Max Balance Deal Link
1 Ubank Save Account 5.00% P.A. (Intro) Up to $250k. Intro rate for 4 months, then 4.35% P.A. (conditional ongoing rate). View Ubank Deal & T&Cs
2 Westpac Life (Ages 18-29) 5.00% P.A. On balances up to $30,000. Requires 5 card purchases monthly and balance growth. Explore Westpac Life
3 BOQ Future Saver (Ages 14-35) 4.85% P.A. On balances up to $50,000. Conditional bonus rate. Check BOQ Future Saver
4 NAB iSaver 4.45% P.A. (Intro) Introductory rate for the first 4 months. Standard rate applies after. Open NAB iSaver Online
5 CommBank NetBank Saver 4.45% P.A. (Intro) Variable introductory rate for the first 5 months. View CommBank NetBank Saver

💳 Must-Have Transaction Accounts: Zero Fees, Maximum Perks

Switching your everyday bank account is one of the easiest ways to save. These top-rated accounts charge no monthly fees and offer excellent benefits, especially for international travel or cashback.

ING Orange Everyday: 1% Cashback on Bills!

The ING Orange Everyday remains a favourite for Aussies. When you meet the monthly criteria (deposit $1,000, make 5 card purchases, and grow your linked Savings Maximiser balance), you unlock huge value:

  • Deal: 1% Cashback on eligible utility bills (capped at $100 per financial year).
  • Deal: Rebates on ATM fees and foreign transaction fees.
  • Link: Switch to ING Orange Everyday

HSBC Everyday Global Account: Global Saver

Perfect for travelers or online shoppers, this account is a multi-currency powerhouse.

  • Deal: 2% cashback on eligible tap and pay purchases under $100 (capped at $50/month).
  • Benefit: Zero international transaction fees and hold up to 10 foreign currencies.
  • Link: Sign up for HSBC Global

💡 Money-Saving Tip: The Big 4 Introductory Rates

If you’re willing to switch often, the Big 4 banks (NAB and CommBank) are offering high introductory rates for new customers on their iSaver/NetBank Saver accounts (both currently 4.45% p.a.). These last 4-5 months, making them perfect for short-term rate-hopping.