BankMate

Savings account · Up to 24 years

Bank Australia mySaver

5.35%p.a. total

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

29th of 151 savings accounts · market average 4.37%

Go to Bank AustraliaCompare with another accountCompare with Bank Australia's term deposit

The RBA raised the cash rate to 4.60% on 30 September. mySaver moved on 15 October, 15 days later.

What the bonus asks

2 things each month
Each month
  1. A deposit of at least $10
  2. No withdrawals
A month without them

Pays the 0.10% base rate on the whole balance.

Who can open it

Anyone under 25

Balance

The bonus is paid on balances up to $50,000.

Compare all 151 accounts

Rate history

Last change 15 Oct
  • mySaver
  • RBA cash rate
  • Market average
4.004.505.005.50MarMayJulSepToday5.35% p.a. today

October 20261 change

  1. 15Thu
    • 5.10 → 5.35Bonus rate 5.00% → 5.25% · 15 days after the RBA rise to 4.60%
      +0.25

May 20261 change

  1. 21Thu
    • 4.85 → 5.10Bonus rate 4.75% → 5.00% · 15 days after the RBA rise to 4.35%
      +0.25

April 20261 change

  1. 2Thu
    • 4.60 → 4.85Bonus rate 4.50% → 4.75% · 15 days after the RBA rise to 4.10%
      +0.25

  1. #14FebFeb 2026: ranked 14 of 42
  2. #37MarMar 2026: ranked 37 of 64
  3. #24AprApr 2026: ranked 24 of 76
  4. #19MayMay 2026: ranked 19 of 79
  5. #25JunJune 2026: ranked 25 of 79
  6. #26JulJuly 2026: ranked 26 of 80
  7. #26AugAug 2026: ranked 26 of 80
  8. #34SepSep 2026: ranked 34 of 120
  9. #28OctOct 2026: ranked 28 of 150
  10. #29NowNov 2026: ranked 29 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

In the top 50% for 9 of the last 10 months. Its lowest was #37 of 64 in Mar 2026.

A year meeting the conditions
$2,675
A year without meeting the conditions
$50
Against the average (4.37%)
+$491

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

Up to $50k5.35%
$50k – $250k5.00%
$250k+0.10%

Deposit ≥ $10 and no withdrawals to earn bonus.

Notes from savers

to leave a note.

Other Bank Australia accounts: Bonus Saver 5.35% · Online Saver 4.60%

Pays 5.35% p.a. total (0.10% base plus 5.25% bonus) as of 2 November 2026. Ranks 29th of 151 savings accounts tracked by BankMate, 0.98 points above the average of 4.37%. The rate last rose on 15 October 2026, 15 days after the RBA raised the cash rate to 4.60%. From Bank Australia's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·