Pays 4.80% p.a. total (0.05% base plus 4.75% bonus) as of 18 September 2026. Ranks 62nd of 93 savings accounts tracked by BankMate, 0.06 points below the average of 4.86%. The rate last rose on 5 June 2026, 30 days after the RBA raised the cash rate to 4.35%.
4.80%p.a.
0.05% base + 4.75% bonus · bonus up to $5,000,000 · unlimited withdrawals · variable
Rate over time
Total rate, conditions met- Simple Saver Account
- RBA cash rate
- Market average
Position among 93 accounts
By month, end of month- Feb 2026: ranked 34 of 46
- Mar 2026: ranked 47 of 74
- Apr 2026: ranked 57 of 88
- May 2026: ranked 64 of 91
- June 2026: ranked 59 of 91
- July 2026: ranked 61 of 92
- Aug 2026: ranked 61 of 92
- Sept 2026: ranked 62 of 93
Feb 2026
- Top 5%
- Top 10%
- Top 25%
- Lower
Mostly outside the top half of accounts over the last 8 months: from #47 of 74 in Mar 2026 to #34 of 46 in Feb 2026.
Changes
2 on record since 1 Mar 2026- 4.55 → 4.80Bonus rate · 30 days after the RBA rise to 4.35%+0.25
- 4.30 → 4.55Bonus rate · 10 days after the RBA rise to 4.10%+0.25
Conditions for the bonus rate
Checked each month- Balance range
- $1 - $5,000,000
- Age
- 14+ years
On your balance
Saved with your preferences- Interest this year
- —
- Each month
- —
- Against the average account (4.86%)
- —
Rate by balance
$1 – $5M
4.80%$5M+
0.05%Notes from savers
to leave a note.