Savings reportAs of 30 September 2026September 2026
The top rate rose to 5.80%. The average held at 4.84%.
RBA cash rate 4.60% · raised on 30 September · the average account pays 0.24 above itHighest rates
As of 30 September 2026- 4MoveBank Growth Saver5.65%Go to site
- 5=First Option Bank KIDS BONUS SAVER17 and under17 and under5.55%Go to site
- 5=People First Bank Dream Fund5.55%Go to site
- 7=Australian Mutual Bank LTD Starter Saver account29 and under29 and under5.50%Go to site
- 7=Great Southern Bank Youth eSaver17 and under17 and under5.50%Go to site
- 9=Bank First Strong Start SaverAges 15 to 35Ages 15 to 355.40%Go to site
- 9=BOQ Smart Saver Account36 and over36 and over5.40%Go to site
Total rate is base plus bonus, with every monthly condition met. 84 of 120 accounts ask something of you each month, or have an age limit.
Since tracking began
Month ends, February to September- Today, across the 80 tracked all month
- Highest
- 5.80%
- Average
- 4.84%
- Median
- 5.05%
- Paying 5% or more
- 51 of 80
- RBA cash rate
- 4.60%
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 September
Since 1 September- People First Bank Dream Fund4.75 → 5.55 · 1 Oct · 55th → 4th1 Oct4.75 → 5.55+0.8055th → 4th
- BOQ Smart Saver Account5.15 → 5.40 · By 23 Sep, day unknown · 22nd → 7thBy 23 Sep, day unknown5.15 → 5.40+0.2522nd → 7th
- ME Bank HomeME5.10 → 5.35 · By 23 Sep, day unknown · 26th → 10thBy 23 Sep, day unknown5.10 → 5.35+0.2526th → 10th
- BOQ Future Saver Account5.60 → 5.80 · By 23 Sep, day unknown · 3rd → 1stBy 23 Sep, day unknown5.60 → 5.80+0.203rd → 1st
- AMP GO AMP Bank GO Save5.10 → 5.25 · By 23 Sep, day unknown · 26th → 15thBy 23 Sep, day unknown5.10 → 5.25+0.1526th → 15th
- Defence Bank Max E Saver5.20 → 5.10 · By 23 Sep, day unknown · 19th → 28thBy 23 Sep, day unknown5.20 → 5.10−0.1019th → 28th
Not counted as changes: one correction of ours (Westpac Life, 5.75 → 5.00) and 40 accounts we started tracking this month. Places are among the 80 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 5 rises and 1 cut.
- 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 September 2026, the highest total savings rate tracked by BankMate was 5.80% p.a. from BOQ Future Saver Account, ages 18 to 35. The highest with no age requirements was 5.65% p.a. from MoveBank Growth Saver. Across the 80 accounts tracked all month the average total rate was 4.84% p.a. During September 2026 banks made 5 rises and 1 cut.