Savings account · Up to 25 years
Greater Bank Life Saver
5.50%p.a. total
No bonus conditions: the rate is paid every month
19th of 151 savings accounts · market average 4.37%
The RBA raised the cash rate to 4.60% on 30 September. Life Saver moved on 9 October, 9 days later.
What it asks
Nothing each month- Each month
Nothing. The rate is paid every month.
- Who can open it
Anyone under 26
- Balance
No balance cap.
Rate history
Last change 9 Oct- Life Saver
- RBA cash rate
- Market average
October 20261 change
- 9Fri
- 5.25 → 5.50Total rate 5.25% → 5.50% · 9 days after the RBA rise to 4.60%+0.25
May 20261 change
- 15Fri
- 5.00 → 5.25Total rate 5.00% → 5.25% · 9 days after the RBA rise to 4.35%+0.25
- #10MarMar 2026: ranked 10 of 64
- #14AprApr 2026: ranked 14 of 76
- #10MayMay 2026: ranked 10 of 79
- #11JunJune 2026: ranked 11 of 79
- #12JulJuly 2026: ranked 12 of 80
- #12AugAug 2026: ranked 12 of 80
- #19SepSep 2026: ranked 19 of 120
- #18OctOct 2026: ranked 18 of 150
- #19NowNov 2026: ranked 19 of 151
- Top 5%
- Top 10%
- Top 25%
- Top half
- Lower half
In the top 25% for every one of the last 9 months.
- Interest a year
- $2,750
- Each month
- $229
- Against the average (4.37%)
- +$566
On a $50,000 balance. Type yours above; it's kept with your savings preferences.
Notes from savers
to leave a note.
Other Greater Bank accounts: Bonus Saver 4.25%
Pays 5.50% p.a. with no bonus conditions as of 1 November 2026. Ranks 19th of 151 savings accounts tracked by BankMate, 1.13 points above the average of 4.37%. The rate last rose on 9 October 2026, 9 days after the RBA raised the cash rate to 4.60%. From Greater Bank's Consumer Data Right feed, refreshed nightly. Compare savings accounts ·