Pays 5.40% p.a. total (0.65% base plus 4.75% bonus) as of 17 September 2026. Ranks 8th of 93 savings accounts tracked by BankMate, 0.54 points above the average of 4.86%. The rate last rose on 13 May 2026, 7 days after the RBA raised the cash rate to 4.35%.
5.40%p.a.
0.65% base + 4.75% bonus · bonus up to $250,000 · unlimited withdrawals · variable
Rate over time
Total rate, conditions met- PremiumSaver
- RBA cash rate
- Market average
Position among 93 accounts
By month, end of month- Feb 2026: ranked 5 of 46
- Mar 2026: ranked 7 of 74
- Apr 2026: ranked 9 of 88
- May 2026: ranked 5 of 91
- June 2026: ranked 8 of 91
- July 2026: ranked 8 of 92
- Aug 2026: ranked 8 of 92
- Sept 2026: ranked 8 of 93
Feb 2026
- Top 5%
- Top 10%
- Top 25%
- Lower
In the top 10% for 6 of the last 8 months. Never below the top 25%.
Changes
2 on record since 1 Mar 2026- 5.15 → 5.40Base and bonus restructured · 7 days after the RBA rise to 4.35%+0.25
- 4.90 → 5.15Bonus rate · 7 days after the RBA rise to 4.10%+0.25
Conditions for the bonus rate
Checked each month- Balance growth
- $200/month
- Balance range
- $0 - $250,000
- Age
- 18+ years
On your balance
Saved with your preferences- Interest this year
- —
- Each month
- —
- Against the average account (4.86%)
- —
Rate by balance
Up to $250k
5.40%$250k+
3.75%Notes from savers
to leave a note.