BankMate

Savings account

Bank of Us Save up

5.30%p.a. total

0.40% base + 4.90% bonus when the conditions are met

55th of 151 savings accounts · market average 4.46%

Go to Bank of UsCompare with another accountCompare with Bank of Us's term deposit

The RBA raised the cash rate to 4.85% on 4 November. Save up hasn't moved yet. After the September rise it moved 34 days later.

What the bonus asks

2 things each month
Each month
  1. A deposit of at least $50
  2. No withdrawals
A month without them

Pays the 0.40% base rate on the whole balance.

Who can open it

Anyone

Balance

No balance cap.

Compare all 151 accounts

Rate history

Last change 3 Nov
  • Save up
  • RBA cash rate
  • Market average
4.505.005.50SepOctToday5.30% p.a. today

November 20261 change

  1. 3Tue
    • 5.05 → 5.30Bonus rate 4.65% → 4.90% · 34 days after the RBA rise to 4.60%
      +0.25

  1. #46SepSep 2026: ranked 46 of 120
  2. #67OctOct 2026: ranked 67 of 150
  3. #43NowNov 2026: ranked 43 of 151
  • Top 5%
  • Top 10%
  • Top 25%
  • Top half
  • Lower half

In the top 50% for every one of the last 3 months.

A year meeting the conditions
$2,650
A year without meeting the conditions
$200
Against the average (4.46%)
+$421

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

Our 'Save up' account is the perfect account to help you save for something special or just for a rainy day. The account pays a base rate of interest and if you deposit a minimum of $50.00 per month a

Notes from savers

to leave a note.

Pays 5.30% p.a. total (0.40% base plus 4.90% bonus) as of 9 November 2026. Ranks 55th of 151 savings accounts tracked by BankMate, 0.84 points above the average of 4.46%. The rate last rose on 3 November 2026, 34 days after the RBA raised the cash rate to 4.60%. From Bank of Us's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·