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Savings · Side by side

Australian Mutual Bank Essential Saver account vs Australian Mutual Bank Momentum Saver account

5.50% a year from 12 Nov
5.60% a year from 1 Dec
vs
Interest a year on $50,000, with the conditions met
$2,750
5.50% on this balance
$2,800
5.60% on this balance

Australian Mutual Bank Momentum Saver account pays $50 more a year on $50,000 than Australian Mutual Bank Essential Saver account.

Drag to try another balance

Where they differThe rate (5.50% against 5.60%), the conditions on the bonus and how much of a balance the top rate covers.

The same on bothOpen to anyone and no minimum balance.

Australian Mutual Bank LTDEssential Saver account
Australian Mutual Bank LTDMomentum Saver account
Interest a year without meeting the conditions
on $50,000
$2,750
No conditions to miss
+$2,700 · More without meeting the conditions
$50
at the base rate
Total rate
base plus bonus
5.50%
from 12 Nov · 5.25% until then
5.60%
from 1 Dec · 5.35% until then
+0.10 · Higher total rate
Base rate
paid whatever you do
5.50%
from 12 Nov
+5.40 · Higher base rate
0.10%
now
Bonus rate
None
one rate, nothing to do
5.25%
now
+5.25 · Higher bonus rate
Top rate paid up to
$1M
+$750k · Covers more of a balance
$250k
What the bonus asks each month
Nothing
  1. A deposit of at least $100
  2. No withdrawals
Rank by total rate
29th of 117
among accounts open to adults
16th of 117
among accounts open to adults
Last rate change
1 Oct 2026
up 0.25
1 Oct 2026
up 0.25

Rates over time

Each account's total rate, a cell a week. A move shows as ▲ or ▼ in the week it happened.

Australian Mutual Bank Essential Saver account
Go to siteMore about this account
Australian Mutual Bank Momentum Saver account
Go to siteMore about this account

As of 9 November 2026, Australian Mutual Bank Essential Saver account pays 5.50% with nothing to do each month, and Australian Mutual Bank Momentum Saver account pays 5.60% with its monthly conditions met. On $50,000, that's $2,750 against $2,800 a year, $50 more from Australian Mutual Bank Momentum Saver account. Figures are the banks' published rates, worked out on the balance above. Each row says which figure is higher; it doesn't say which account suits you.

Compare all 151 accounts

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