Credit Card Finder Comparison Service Australia

High Interest Savings Accounts - Compare Online Savings Accounts

Compare

High Interest Increasing

Compare the best high interest savings accounts available from Australian banks. Choose an online bank account below that will offer you big earnings on the money you save.

 

In all of these high interest savings accounts, interest is calculated daily. All accounts also have free 24/7 online access to your funds. Some impose penalties such as no interest calculation for any month in which you make a withdrawal.


No Loss Guarantee - Government Federal Deposit Backing

All features other than interest rate are practically the same in each account - however some offer introductory periods on the interest rates which reverts back to standard after a set period of time.


Scroll down to see which institution offers you the best deal on saving accounts. We have already done the hard work for you and compared savings accounts to give you an idea of what's available. Complete your quick online application by clicking the apply button below.


High Interest Savings Account Comparison

Savings Account Account Details Interest Rate (p.a.) Minimum Balance Monthly Fee
UBank USaver Details & Application
Citibank Online Saver

5.88% for 6 months with a 4.50% revert rate. Backed by Citibank and government guaranteed. Open an account online now and earn a great interest rate. (Base Rate 4.50%, Bonus 1.38% with savings plan)

5.88% $0 $0 Apply now for the UBank Saver account.
Find out more about the UBank Saver Account.
ING Direct High Interest Savings Account

ING DIRECT Savings Maximiser

5.85% p.a. interest rate for the first 4 months the account is opened.

*Standard variable interest rate of 4.25% p.a.

5.85%* $0 $0 Apply now for the ING Direct Saver account.
Find out more about the ING Direct Saver Account.
NAB iSaver Account

NAB iSaver Account

Standard interest rate of 3.75% p.a.

Bonus introductory rate of 1.65% for new applicants who apply online before April 13 2010

5.40%* $1 $0 Apply now for the NAB ISaver account.
Find out more about the NAB ISaver account.
St George Direct Saver High Interest Savings Account

St George Direct Saver

Apply now and enjoy a limited time promotional interest rate of 5.75% p.a.

*Standard variable interest rate of 4.20% p.a.

5.75%* $0 $0 Apply now for the St George Direct Saver account.
Find out more about the St George Direct Saver account.
ANZ Australia New Zealand

ANZ Online Savings Account

ANZ Online Saver – access your funds 24/7, no minimum balance and earn up to 5.50% p.a. until 30 June 2010. Apply online by March 30 2010.

5.50%* $0 $0 Apply now for the ANZ Online Saver account.
Find out more about the ANZ Online Saver account.
BankWest eSmart Saver

BankWest TeleNet Saver

5.62% p.a. for 12 months, longest promo rate on the market.

*Standard variable interest rate of 4.00% p.a.

5.62%* $0 $0 Apply now for the BankWest eSmart Saver account.
Find out more about the BankWest eSmart Saver Account.
Suncorp Every Options Account

Suncorp Everyday Options Account

This all-in-one savings account is a full access account that gives you unlimited options by combining your transaction needs and savings needs together.
Rates:
* 3 month term, at 5.45%
* 6 month term, at 6.15%
* 12 month term, at 6.45%
4.25 - 6.45%* $1 $5 Apply now for the Suncorp Everyday Options account.
Find out more about the Suncorp Everyday Options account.
ANZ Smarty Pig

ANZ Smarty Pig

A unique and creative savings account from ANZ which integrates social networking with high rates of saving. Currently unavailable for online application here. 4.00% $10 $0


High Interest Term Deposit Account Comparison

Savings Account Account Details Interest Rate (p.a.) Minimum Balance Monthly Fee Investment Period
St. George Term Deposit Accounts

St. George Term Deposit Account

A return you can count on

A range of terms to suit your needs from 3 months to 5 years

A guaranteed rate of return for the term of your investment

Ability to set up Term Deposit in business or DIY Super name

5.10-8.00% $5,000 $0 3 month - 5 years Apply now for the Macquarie Bank Term Deposit account.
Find out more about the Macquarie Bank Term Deposit account.
Macquarie Bank

Macquarie Bank Term Deposit

No establishment or account keeping fees

Set your own maturity date

Covered by the Federal Government Deposit Guarantee.

3.25-5.85% $10,000 $0 1-24 Months Apply now for the Macquarie Bank Term Deposit account.
Find out more about the Macquarie Bank Term Deposit account.


What do I need to apply for an account online?

Once you've clicked through to the secure application page of the bank, you will typically need:

  • All your personal details that you typically need for a financial application.
  • Your tax file number and related details.
  • Your linked account details which you plan to transfer money in and out of your new high interest savings account.


What should I compare savings accounts based on?


There are two major factors with which you can compare savings accounts to see which of them give you the best deal.


Interest rates paid per annum: This is what your savings account can potentially earn in extras each year depending how much money is deposited. While interest rates are calculated daily with most high interest rates saving accounts, it pays to be absolutely sure they do. This can make a difference on your bottom line.


The more money you have saved on your account, the more money is going to be paid in interest to you at the end of the financial year. There is a huge difference between getting paid 1.25 per cent in interest on a $1,000 deposit compared to getting paid 4.00 per cent.


Therefore you want to get the best deal possible without having to pay hidden transaction and account costs.


Long-term deposit accounts are ideal for this purpose because they let you dump a large amount of money for a set amount of time, and in return you get paid a decent amount of interest when the term is up for renewal. You can then either choose to cash in your earned interest, your primary deposit or both, or else extend the deposit for another term.


Bear in mind that these high interest rate term deposit accounts are dependant on the current mortgage rate. If interest rates for home loans are low, so will be your term deposit interest rates.


Hidden costs: The second factor to base your savings account comparison on is the hidden cost in those accounts. Most banks and financial institutions will charge you a monthly fee for a savings account, plus extra charges for transactions.


If you are a heavy user, meaning you access money from your account frequently, you might be better of to choose a savings account that attracts lower interest rates but also lower fees, as these will soon add up.


Good news for home owners

If you have an existing mortgage, chances are that your bank might even waive the savings account fee attached to your loan. If you are on a loan package because you also have an investment property, you might even get your savings account free of charge. This deal alone can save you hundreds of dollars each year.

When you compare savings accounts it is recommended to bear in mind how much money you intend to deposit. The more money you can spare and the longer you can do without, the more interest will be paid to you by financial institutions.


Other articles you might be interested in


ING DIRECT Savings Maximiser



Macquarie Bank Term Deposit


St. George Bank Accounts


St. George Directsaver



Suncorp eOptions

click here

Suncorp Everyday

click here


  • USaver High Interest Savings Account

    A USaver Savings Account is the best and easiest way to save money. UBank offers high interest rates that are guaranteed to match their competitors. They also offer tools to help you save money and watch your progress making money management a simple task.

    The USaver is a high interest savings account. [...]


  • UBank Overview

    UBank is a different kind of bank, all online and open all of the time. This bank reduces costs by doing away with walk in branches and then passes that savings on to their customers through better rates and lower fees. As a division of NAB you can be sure that [...]


  • USaver Term Deposit Account

    The USaver Term Deposit offers secure savings at fabulous rates. UBank is able to offer the best rates, with no fees because they keep their overheads low with all online banking. These accounts are open to everyone and offer Turbo deposit options so you can apply today and start earning big interest tomorrow.

    A USaver Term [...]


  • UBank Self-Managed Super Fund

    If you’re managing your own super fund, a then UBank self-managed super fund term deposit account could be the ideal way to boost your retirement savings. With the benefit of higher rates of interest plus the safety of a NAB-backed, low risk account, your UBank super fund account could be earning more than you think.

    Opening [...]


  • UBank USaver Account Application – Apply for a UBank Savings Account

    Completing a UBank savings account application is quick and easy, and offers customers multiple benefits. Offering great interest rates on your savings and easy access to your money, UBank can also help you set and reach your savings goals. The UBank USaver account was awarded the Money Magazine’s Best Online Savings Account for 2010, so [...]


  • UBank Internet Banking

    UBank Internet Banking is backed by NAB and enables the customer to do all their banking safely online. The following Q & A list should cover every issue a customer might have, but if there is anything that is not dealt with here, then you can call UBank direct on 13 30 80 anytime of [...]


  • UBank Savings, UBank Government Guarantee

    For anybody looking to invest a significant amount of money into a bank account can now rest assured that their money will be safe. In this article we look at an example of a company affiliated with the Government’s decision to safeguard any figure deposited up to $1 million and see just what is and [...]


  • UBank Security

    If there is anyone out there who is feeling confused or concerned about the recent money laundering laws that have been introduced, then you could do worse than to have a look at the policies of UBank, and the security procedures they have put into place to protect both you, the consumer, and the bank [...]


  • How to Minimise Your St. George Account Fees

    If you bank with St George you’d be pleased to know that there are ways to reduce your account keeping fees. This article will help you understand how and why some fees are charged so you can minimise your fees.


  • 6 Different Ways to Bank Your Money

    This article shows you 6 different ways to save money with the help of banks. Knowing these 6 ways will encourage you to save more money as they are convenient alternatives. These include internet banking, online banking via phone, phone banking, visiting your branch, easy banking access and bank@Post.


  • Best Money Saving Bank Accounts in Australia

    Just like you should compare to find the best credit cards, you should also compare to find the best savings bank account. This is important as most of your future savings will be placed in this account. To help you find the best savings account we have provided an overview of some of the best money savings bank accounts in Australia in this article.


  • How To Save Money This Valentines Day

    If you are looking to impress your partner this Valentine’s day while saving money at the same time then you definately want to read this article. Provided are some great ideas you can use to save money on Valentine’s Day without breaking the budget including: handmade gifts, purchasing less expensive flowers, enjoying a home cooked meal, doing your shopping early, having a picnic, giving yourself pleanty of time, and being creative.


  • Helping You Pay Fewer Fees On Your Everyday Banking Account

    Your everyday banking account is something which you make frequent transactions with everyday weather it be making ATM transactions, paying the bills, or making transfers to other accounts. Unfortunately you can be charged fees on your account just by performing these basic activities. Learn how to avoid these fees and save today.


  • St George Fee-Free Banking With The Complete Freedom Fee-Free Bank Account

    There is no better way to start saving than with a fee-free bank account. One of the better fee-free savings accounts is The St George Complete Freedom Account which allows customers to avoid normal account keeping fees. The only condition is that you deposit at least $2000 into your account each month. However this may just be seen as another incentive to save more.


  • Bankwest Telenet Saver

    For those who don’t have a large sum of money to put into an investment you may want to consider starting small by putting your money into a Bankwest telenet saver account. Find out how this low risk investment can benefit you.


  • Types Of Bank Account

    There are many things to consider when it comes to selecting the right savings account to go with. As saving has become increasingly important it is crucial that you select the right one. This article outlines the various types of savings accounts and the specific financial requirements.


  • Transaction Accounts Comparison: Compare & Apply For Transaction Account Online

    This article will help you compare different types of transaction accounts. By understanding the benefits of each transaction account you will be able to work out which account works best for you.


  • High Interest Online Savings Accounts

    Saving has become the new spending ever since the global financial crisis hit. So if you are saving regularly then you do deserve a high interest savings account where you can get some return. Here are both the benefits and costs of high interest savings accounts.


  • Term Deposits Comparison: Compare & Apply For Term Deposit Account Online

    If you are considering investing your money in a term deposit then you probably have a few questions and concerns that you need answered before making the commitment. Here are your frequently answered questions about term deposits.


  • Savings Accounts Comparison: Compare & Apply For A Savings Account Online

    There are hundreds of different types of savings accounts out there to suit every individual’s unique financial situation. This can often make it difficult to choose between savings accounts. We reveal exactly what to look for in a savings account.




    • Page 1 of 2
    • 1
    • 2
    • >

    The ANZ Low Rate MasterCardBest Balance Transfer Credit Card Offer

    The Bankwest Lite MasterCard is Australia's cheapest credit card offer, giving you the lowest MasterCard purchase rate of just 10.75% p.a. as well as a long balance transfer offer on your existing credit card balance at 1.99% p.a. for 9 months!


    Editor's Choice: Our Top Credit Cards


    Credit Card Card Details Interest Rate (p.a.) Cash Advance Rate (p.a.) Balance Transfer Rate (p.a.)

    Annual fee

    Interest free days (up to)

    St George Vertigo MasterCard Application
    Bankwest Lite MasterCard
    Editor's Choice:
    Cheapest Credit Card

    The lowest stress mastercard, with Australia's lowest MasterCard purchase rate of just 10.75% p.a.
    10.75% 21.49% 1.99% for 9 months $59 55 Apply now for the Bankwest Lite MasterCard via the official BankWest website.
    More information on the Bankwest website
    St George  
Vertigo MasterCard Application
    St George Vertigo
    Editor's Choice:
    Best Bank
    Low 2.99% for 6 months (reverts to 11.99%) p.a. interest rate and balance transfer rate, from one of Australia's most respected banks.
    2.99% for 6 months (reverts to 11.99%) 20.74% 2.99% for 6 months $55 55
    Coles Group Source MasterCard
    Coles Group Source MasterCard
    The Coles Group Source MasterCard has no annual fee, a 0% p.a. balance transfer offer for 6 months, with a rewards program including savings on fuel and FlyBuys Points19.74%21.99%0% for 6 months$062 Apply Now For The Coles Group Source MasterCard
    Read More About The Coles Group Source MasterCard
    BankWest Zero Platinum MasterCard
    Citi Clear Platinum Visa
    Editor's Choice:
    Low Interest
    An excellent low interest credit card offer with 11.49%interest on purchases and 0.99% for 6 months on balance transfers .
    11.49% 20.99% 0.99% for 6 months $49 (First Year, Save $50) 55
    BankWest More Platinum MasterCard
    Bankwest Zero Platinum MasterCard
    Editor's Choice:
    No Annual Fee
    Excellent introductory offer with a $0 annual fee for the life of the credit card and a 1.99% p.a. for 9 months on balance transfers
    16.99% 16.99% 1.99% for 9 months $0 55

Card Types

Card Tips

The Basics


Credit Card Guide
Learn about different credit card concepts.

Popular Articles


Best Balance Transfers
The most competitive 0% p.a. and 'for life' offers of 2009.

Guide to Credit Ratings
Information about your credit file. Find out what you can apply for with good and bad credit.

Rewards Comparison
Australian reward program details including point capping & expiry.

Free Travel Insurance
Credit Cards that include free travel insurance.

Foreign Fees & Charges
International transaction charges from credit card companies.

Calculators

Interest Repayment Calculator
Enter your balance(s) to calculate the interest to pay on your cards.

Balance Transfer Calculator
Input a balance transfer offer to calculate your potential savings.
Credit Card News the latest news & headlines
Compare Credit Cards

Free e-Book

NEW: The Ultimate Guide to Balance Transfers
The Australian Guide to Balance Transfers written by Credit Card Finder
Download our FREE e-book normally valued at $24.95. Find out how you can save hundreds to thousands of dollars on your credit cards via balance transfers.

Enter your email below to receive our Free e-book.



   

Get Free Updates





 

As seen on:

Today Tonight

Today Show

ABC Television





Sky News

Herald Sun

Channel 10

Australian Web Industry Association

Anthill Magazine

Follow Credit Card Finder on Twitter for the latest Australian credit card offers, updates and news.
Follow Credit Card Finder for the latest in credit cards & relevant Australian financial news.



Credit Card Management Tips Credit Card Guides Personal Finance Tips and Advice
Partnered Sites Secondary Credit Card Providers About CreditCardFinder.com.au
Savings Accounts Comparison
Best Credit Cards
Fido Credit Card Information Guide to choosing
a card, and general day-to-day tips on living
with and managing your card
Understanding Credit Understand your options
and what you will pay in interest and charges
Stay Smart Online advice on how
to secure your computer and your
transactions online
Request a copy of your credit file
Reserve Bank of Australia (RBA) statistics
Bank of Queensland Credit Cards Bank of Queensland

Bendigo Bank Credit Cards Bendigo Bank

Credit Union Australia Credit Cards CUA

IMB Credit Cards IMB

Jetstar Credit Cards Jetstar

Macquarie Bank Credit CardsMacquarie Bank

Member's Equity Credit Cards Members Equity

Virgin Credit Card Virgin Credit Cards

Wizard Credit Cards Wizard

MasterCard Credit Cards MasterCard Credit

Visa Credit Cards Visa Credit Cards

Contact Us
About Us
Blog
RSS
Privacy Policy
Sitemap

100% GreenPower Carbon Neutral Website