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Savings reportAs of 30 April 2026April 2026

The top rate held at 5.50%. The average rose to 4.64%.

RBA cash rate 4.10% · held since 18 March · the average account pays 0.54 above it

Highest rates

As of 30 April 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. 5First Option Bank KIDS BONUS SAVER17 and under5.30%
  3. 6Great Southern Bank Youth eSaver17 and under5.25%
  4. 7=BOQ Smart Saver Account36 and over5.15%
  5. 7=Rabobank PremiumSaver5.15%
  6. 9=BCU Boss Saver5.10%
  7. 9=Great Southern Bank Goal SaverAges 18 to 245.10%
Compare all 76 accounts

Total rate is base plus bonus, with every monthly condition met. 60 of 76 accounts ask something of you each month, or have an age limit.

Since tracking began

Month ends, February to April
Today, across the 64 tracked all month
Highest
5.50%
Average
4.64%
Median
4.80%
Paying 5% or more
17 of 64
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 April

Since 1 April
  1. ING Savings Accelerator2.75 → 4.60 · 1 May · 63rd → 44th+1.85
  2. BCU Boss Saver4.75 → 5.10 · 2 Apr · 25th → 9th+0.35
  3. P&N Savvy Saver Account4.75 → 5.10 · 2 Apr · 25th → 9th+0.35
  4. Defence Bank Max E Saver4.65 → 4.95 · 2 Apr · 35th → 18th+0.30
  5. Bank Australia mySaver4.60 → 4.85 · 2 Apr · 37th → 24th+0.25
  6. Bank Australia Bonus Saver4.60 → 4.85 · 2 Apr · 37th → 24th+0.25
  7. P&N Smart Saver Account4.60 → 4.85 · 2 Apr · 37th → 24th+0.25
  8. BCU Power Saver4.60 → 4.85 · 2 Apr · 37th → 24th+0.25
  9. MoveBank Online Saver3.90 → 4.15 · 2 Apr · 57th → 56th+0.25
  10. Macquarie Macquarie Savings Account4.50 → 4.75 · 2 Apr · 43rd → 34th+0.25
  11. Unity Bank MoneyMAX4.00 → 4.25 · 2 Apr · 55th → 54th+0.25
  12. Bank of Sydney BOS Saver4.25 → 4.50 · 2 Apr · 51st → 48th+0.25
  13. Regional Australia Bank Savings Booster Account4.50 → 4.75 · 2 Apr · 43rd → 34th+0.25
  14. Great Southern Bank Future Saver4.35 → 4.60 · 3 Apr · 48th → 44th+0.25
  15. Great Southern Bank Home Saver4.75 → 5.00 · 3 Apr · 25th → 14th+0.25

Not counted as changes: 12 accounts we started tracking this month. Places are among the 64 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 21 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 30 April 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 64 accounts tracked all month the average total rate was 4.64% p.a. During April 2026 banks made 21 rises and 0 cuts.