Savings account · 18+ years
Alex Bank Savings
4.50%p.a. total
No bonus conditions: the rate is paid every month
98th of 151 savings accounts · market average 4.37%
The RBA raised the cash rate to 4.60% on 30 September. Savings hasn't moved yet.
What it asks
Nothing each month- Each month
Nothing. The rate is paid every month.
- Who can open it
Anyone 18 or over
- Balance
The top rate is paid on balances up to $250,000.
Rate history
No change since tracking began on 13 May- Savings
- RBA cash rate
- Market average
No changes recorded for this account since tracking began on 13 May 2026.
- #59MayMay 2026: ranked 59 of 79
- #63JunJune 2026: ranked 63 of 79
- #64JulJuly 2026: ranked 64 of 80
- #64AugAug 2026: ranked 64 of 80
- #78SepSep 2026: ranked 78 of 120
- #97OctOct 2026: ranked 97 of 150
- #98NowNov 2026: ranked 98 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
Mostly outside the top half of accounts over the last 7 months: from #97 of 150 in Oct 2026 to #64 of 80 in July 2026.
- Interest a year
- $2,250
- Each month
- $188
- Against the average (4.37%)
- +$66
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
Notes from savers
to leave a note.
Pays 4.50% p.a. with no bonus conditions as of 2 November 2026. Ranks 98th of 151 savings accounts tracked by BankMate, 0.13 points above the average of 4.37%. It has not changed since tracking began on 13 May 2026. From Alex.Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·