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Savings reportAs of 31 March 2026March 2026

The top rate rose to 5.40%. The average rose to 4.65%.

RBA cash rate 4.10% · raised on 18 March · the average account pays 0.55 above it

Highest rates

As of 31 March 2026
  1. 1st
    5.50%Smart Saver Account (under 25)Newcastle PermanentGo to site24 and under
  2. 2ndGrowth SaverMoveBank5.40%
  3. 3rd=Future Saver AccountBOQ · Ages 18 to 355.35%
  1. 3=Judo Bank Personal Savings Account5.35%
  2. 5=BOQ Smart Saver Account36 and over5.15%
  3. 5=Rabobank PremiumSaver5.15%
  4. 7=ME Bank HomeME5.10%
  5. 7=Up Up Saver5.10%
  6. 9First Option Bank KIDS BONUS SAVER17 and under5.05%
  7. 10=Great Southern Bank Youth eSaver17 and under5.00%
Compare all 64 accounts

Total rate is base plus bonus, with every monthly condition met. 49 of 64 accounts ask something of you each month, or have an age limit.

Since tracking began

Month ends, February to March
Today, across the 42 tracked all month
Highest
5.40%
Average
4.65%
Median
4.75%
Paying 5% or more
7 of 42
RBA cash rate
4.10%

The average line follows rate changes only: each month is compared on the accounts tracked at both its start and its end, so it never moves because we started tracking more accounts.

Rate changes in March

Since 1 March
  1. MoveBank Bonus Saver4.25 → 5.00 · 1 Apr · 32nd → 6th+0.75
  2. MoveBank Growth Saver4.75 → 5.40 · 1 Apr · 7th → 1st+0.65
  3. easyStreet Flex Saver4.40 → 4.80 · 21 Mar · 27th → 13th+0.40
  4. Southern Cross Credit Union STAR SAVER4.40 → 4.75 · 1 Apr · 27th → 17th+0.35
  5. Heartland Bank MySavings account4.25 → 4.55 · 14 Mar · 32nd → 30th+0.30
  6. BOQ Smart Saver Account4.85 → 5.15 · 28 Mar · 4th → 3rd+0.30
  7. ubank Save account4.60 → 4.85 · 25 Mar · 14th → 11th+0.25
  8. NAB NAB Reward Saver4.40 → 4.65 · 28 Mar · 27th → 26th+0.25
  9. Regional Australia Bank Savings Booster Account4.25 → 4.50 · 2 Mar · 32nd → 32nd+0.25
  10. MoveBank Online Saver3.65 → 3.90 · 23 Mar · 40th → 40th+0.25
  11. Bank of Melbourne Incentive Saver4.65 → 4.90 · 27 Mar · 10th → 8th+0.25
  12. St George Incentive Saver4.65 → 4.90 · 27 Mar · 10th → 8th+0.25
  13. Bankwest Bankwest Easy Saver4.25 → 4.50 · 28 Mar · 32nd → 32nd+0.25
  14. BOQ Future Saver Account5.10 → 5.35 · 28 Mar · 1st → 2nd+0.25
  15. BankSA Incentive Saver4.65 → 4.90 · 27 Mar · 10th → 8th+0.25

Not counted as changes: 22 accounts we started tracking this month. Places are among the 42 accounts tracked all month.

Data
Each bank's Consumer Data Right (open banking) product feed, read nightly and checked against the bank's own page. A reading is recorded when the published rate differs from the last one stored.
Like for like
Averages, places and changes compare accounts tracked on both dates. Our own corrections are taken back to the start and never counted as a bank's move; this month banks made 30 rises and 0 cuts.
Scope
Personal savings accounts open to Australian residents, as listed on BankMate. Factual comparison, not financial advice. Methodology · Today's full ranking

As of 31 March 2026, the highest total savings rate tracked by BankMate was 5.50% p.a. from Newcastle Permanent Smart Saver Account (under 25), 24 and under. The highest with no age requirements was 5.40% p.a. from MoveBank Growth Saver. Across the 42 accounts tracked all month the average total rate was 4.65% p.a. During March 2026 banks made 30 rises and 0 cuts.