Best Savings Accounts Australia 2025

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Rate Accuracy & Affiliate Disclosure

Interest rates shown are indicative and subject to change at any time without notice. Bonus rate conditions must be met each month to receive the advertised rate. BeforeYouInvest may earn referral commissions from banks and financial institutions. Always verify current rates directly with the provider.

🏆 Best Rate Available — June 2025

ING Savings Maximiser

Australia's most consistent high-rate savings account. Earn up to 5.50% p.a. with simple bonus conditions via a linked Orange Everyday account.

✓ Grow balance each month

✓ Deposit $1,000+ each month

✓ 5+ card transactions

Open ING Account →

ING referral program or Commission Factory · Estimated CPA: $30–$60

5.50% p.a.

Bonus rate
with conditions

Base rate: 0.55% p.a.

⭐ EDITOR'S PICK — NO CONDITIONS REQUIRED

🏦

Macquarie Savings Account

Macquarie Bank

No conditions for first 4 months

5.35%

Intro 4 months

then 4.75% ongoing

✓No deposit or transaction conditions for intro rate
✓Rate applies on balance up to $250,000
✓Ongoing rate of 4.75% p.a. — still competitive
⚠Intro rate applies for first 4 months from account opening

Pros

No hoops to jump through
Very strong ongoing rate
Reputable brand

Cons

Rate drops after 4 months
Less known than big 4

🟣

Ubank Save Account

Ubank (NAB Group)

Best for young savers and salary depositors

5.50%

Bonus rate p.a.

Base: 0.10% p.a.

⚠Deposit $200+ into a linked Ubank transaction account each month
✓No minimum balance requirement
✓Rate applies on balances up to $250,000
✓Backed by NAB — reliable and well-established

🟡

Up Saver

Up Bank (Bendigo Bank)

Best bank app in Australia. Simple bonus conditions.

5.30%

Bonus rate p.a.

Base: 0.00% p.a.

⚠Make 5 or more purchases in the previous month from your Up Everyday account
✓Apply via app in under 5 minutes — no branch visit needed
✓Award-winning banking app (Mozo, Finder Awards)
✓Built-in spending insights and savings goals

🔴

HSBC Everyday Savings

HSBC Bank Australia

Competitive rate with global banking access

5.20%

Intro 3 months

then 3.50% ongoing

✓Intro rate for first 3 months, no conditions required
✓Free global ATM access with linked HSBC Everyday account
⚠Ongoing rate of 3.50% — drops significantly after intro period

🌾

Rabobank PremiumSaver

Rabobank Australia

Simple condition: grow balance by $200/month

5.25%

Bonus rate p.a.

Base: 3.75% p.a.

⚠Grow balance by at least $200 each month to earn bonus rate
✓High base rate of 3.75% even without meeting condition
✓Dutch-owned agricultural bank — very stable
✓No ongoing monthly fee

🔵

AMP Saver Account

AMP Bank

Competitive rate with no conditions

5.40%

Intro 4 months

then variable ongoing

✓Strong intro rate for first 4 months — no conditions
✓Works alongside existing AMP super or banking products
⚠Ongoing rate varies — check at time of application

Complete Rate Comparison Table

Bank	Max Rate p.a.	Base Rate	Conditions	Max Balance
🟣Ubank Save	5.50%	0.10%	Deposit $200/mo	$250,000	Apply
🏦ING Savings Maximiser	5.50%	0.55%	Deposit $1k, 5+ txns, grow balance	$100,000	Apply
🔵AMP Saver (intro)	5.40%	Variable	None (intro 4mo)	$250,000	Apply
🏦Macquarie Savings (intro)	5.35%	4.75%	None (intro 4mo)	$250,000	Apply
🌾Rabobank PremiumSaver	5.25%	3.75%	Grow balance $200/mo	$250,000	Apply
🟡Up Saver	5.30%	0.00%	5 purchases/mo	Unlimited	Apply
🔴HSBC Everyday (intro)	5.20%	3.50%	None (intro 3mo)	$1,000,000	Apply

📋 Affiliate Program Setup Notes (Admin)

🏦 ING: ing.com.au/referafriend — ING referral program (cash bonus for referrer + new customer)
🏦 Macquarie: Commission Factory — search "Macquarie Bank" in marketplace
🟣 Ubank: Commission Factory — NAB Group affiliate program
🟡 Up Bank: up.com.au/tree — personal referral tree (pays $5 each way)
🔴 HSBC: Commission Factory — HSBC Australia program
🌾 Rabobank: Contact rabobank.com.au directly re: referral partnerships
🔵 AMP: Commission Factory — AMP Bank program

Best Savings Accounts Australia 2025 🏦

ING Savings Maximiser

Complete Rate Comparison Table

📋 Affiliate Program Setup Notes (Admin)