Current Best Bank Account Deals
💰 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.