BankMate

Savings account

Australian Mutual Bank Momentum Saver account

5.60%p.a. from 1 Dec · 5.35% until then

0.10% base + 5.25% bonus when the conditions are met

18th of 151 savings accounts · market average 4.46%

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The RBA raised the cash rate to 4.85% on 4 November. Momentum Saver account rises to 5.60% on 1 December, as announced. Until then it pays 5.35%.

What the bonus asks

2 things each month
Each month
  1. A deposit of at least $100
  2. No withdrawals
A month without them

Pays the 0.10% base rate on the whole balance.

Who can open it

Anyone

Balance

The bonus is paid on balances up to $250,000.

Compare all 151 accounts

Rate history

Rise announced for 1 Dec
  • Momentum Saver account
  • RBA cash rate
  • Market average
4.505.005.50SepOctToday5.35% p.a. today

December 20261 change

  1. 1Tue
    • 5.35 → 5.60Announced by the bank · rises on this day, 5.35% until then
      +0.25

October 20261 change

  1. 1Thu
    • 5.10 → 5.35Bonus rate 5.00% → 5.25% · a day after the RBA rise to 4.60%
      +0.25

  1. #16SepSep 2026: ranked 16 of 120
  2. #30OctOct 2026: ranked 30 of 150
  3. #32NowNov 2026: ranked 32 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

In the top 25% for every one of the last 3 months.

A year meeting the conditions
$2,800
A year without meeting the conditions
$50
Against the average (4.46%)
+$571

On a $50,000 balance. Type yours above; it's kept with your savings preferences.

Up to $250k5.35% → 5.60%
$250k – $1M5.25% → 5.50%
$1M+5.00% → 5.25%

Today’s rate, then the rate from 1 Dec, as the bank has announced.

The Momentum Saver account rewards savers with an ongoing bonus interest rate when you deposit a minimum of $100 and make no withdrawals during the month.

Notes from savers

to leave a note.

Other Australian Mutual Bank LTD accounts: Starter Saver account 5.75% · Essential Saver account 5.50%

Pays 5.35% p.a. total (0.10% base plus 5.25% bonus) as of 9 November 2026, and 5.60% from 1 Dec as announced by the bank. Ranks 18th of 151 savings accounts tracked by BankMate, 1.14 points above the average of 4.46%. The rate last rose on 1 October 2026, a day after the RBA raised the cash rate to 4.60%. From Australian Mutual Bank LTD's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·