Savings account rates in Australia, May 2026

1. 🏦

   1
   5.75%
   Newcastle PermanentSmart Saver Account (under 25)
2. 🏢

   2
   5.75%
   WestpacWestpac Life
3. 🏦

   3
   5.50%
   Great Southern BankYouth eSaver

1. 4
   💳
   ING Savings Maximiser5.50%
2. 5
   🚀
   MOVE Bank Growth Saver5.40%
3. 6
   🐄
   Rabobank PremiumSaver5.40%
4. 7
   🏛️
   BOQ Future Saver Account5.35%
5. 8
   🏦
   Great Southern Bank Goal Saver5.35%
6. 9
   ⬆️
   Up Up Saver5.35%
7. 10
   🏦
   Judo Bank Personal Savings Account5.35%

Total rate is base plus bonus, assuming every monthly condition is met. Age-restricted accounts are included; each account page states its eligibility.

• 🏢
  5.75%
  WestpacWestpac Life
• 🏛️
  5.10%
  ANZ PlusANZ Plus Growth Saver
• 🏦
  5.05%
  Commonwealth BankYouthsaver Account
• 🏪
  5.00%
  NABNAB Reward Saver

• 🏦
  Australian Military Bank Online Saver4.35 → 4.85+0.50
• 🏦
  Bank First Bonus Saver Account4.35 → 4.75+0.40
• 🏦
  Bank First First Home Bonus Saver Account4.40 → 4.80+0.40
• 🏛️
  ANZ Plus ANZ Plus Growth Saver4.75 → 5.10+0.35
• 🏛️
  ANZ Plus ANZ Plus Flex Saver4.75 → 5.10+0.35
• 🏪
  NAB NAB Reward Saver4.65 → 5.00+0.35
• ☀️
  Suncorp Growth Saver Account4.80 → 5.10+0.30
• 🏦
  Southern Cross Credit Union LITTLE STAR SAVER4.90 → 5.20+0.30
• 🐄
  Rabobank PremiumSaver5.15 → 5.40+0.25
• 🏦
  easyStreet Flex Saver4.80 → 5.05+0.25
• 🏦
  Commonwealth Bank Youthsaver Account4.80 → 5.05+0.25
• 🏢
  Westpac Bump Savings4.80 → 5.05+0.25
• 🏦
  Beyond Bank Purple Bonus Saver4.40 → 4.65+0.25
• 🏦
  Great Southern Bank Future Saver4.60 → 4.85+0.25
• 🏦
  Credit Union SA Bonus Savings Account3.25 → 3.50+0.25
• 🏦
  MyState Hello Saver account4.75 → 5.00+0.25
• 🏦
  MyState Bonus Saver4.75 → 5.00+0.25
• 🏦
  Summerland Bank Bonus Saver4.25 → 4.50+0.25
• 🏦
  Police Bank U30 SUPER CHARGE Account5.00 → 5.25+0.25
• 💳
  ING Savings Maximiser5.25 → 5.50+0.25
• 🏢
  Westpac Westpac Life5.50 → 5.75+0.25
• 🏦
  Greater Bank Limited Life Saver5.00 → 5.25+0.25
• 🏦
  Border Bank U30 SUPER CHARGE Account5.00 → 5.25+0.25
• 🏦
  Newcastle Permanent Smart Saver Account (under 25)5.50 → 5.75+0.25
• 🏦
  Commonwealth Bank GoalSaver4.75 → 5.00+0.25
• 🏦
  Newcastle Permanent Smart Saver Account4.25 → 4.50+0.25
• 🏦
  Bankwest Bankwest Easy Saver4.75 → 5.00+0.25
• 🏦
  HSBC HSBC Bonus Savings Account - AUD4.00 → 4.25+0.25
• 🏦
  Defence Bank Max E Saver4.95 → 5.20+0.25
• 🏦
  RACQ Bank Bonus Saver Account5.01 → 5.26+0.25

Data

Each bank's Consumer Data Right (open banking) product feed, re-read nightly. A rate change is recorded when the published total rate differs from the last value stored.

Figures

Rates are each account's last recorded value on or before 31 May 2026; accounts with no record by then are not counted. Changes compare the last rate before the month with the last rate within it. 64 history entries fall in this month.

Scope

Personal savings accounts open to Australian residents, as listed on BankMate. Not financial advice. Methodology · Today's full ranking