Compare Savings Accounts

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Star Ratings in this table are updated daily. The results don’t include every provider in the market and we may not compare all features relevant to you. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display.  Learn more about our Savings and Transaction Accounts Methodology. The rating shown is only one factor to take into account when considering products. Check current rates and product details with the product issuer.

The products and Star Ratings in the table might not match your exact inputs in the selector. Sometimes the methodology uses profiles with categories or bands (e.g. income, loan amount or monthly spend), but sometimes a single methodology, without any categories or bands, is applied. The results will show the products that most closely match the inputs in the selector above the table, based on our profiles.  If you are unsure about any terms used in the comparison table please refer to the glossary.

Actual deeming thresholds are determined by the Commonwealth Government and are subject to change. Refer to the Australian Government’s Department of Human Services (DHS) website for current deeming thresholds and calculations.

Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Canstar is not providing a recommendation for your individual circumstances. It’s important you check product information directly with the provider. Consider the Product Disclosure Statement and Target Market Determination (TMD), before making a purchase decision. Contact the product issuer directly for a copy of the TMD. For more information, read our Detailed Disclosure.

Some providers may apply stepped interest rates to your account.  Stepped interest is where different interest rates apply to different portions of your account balance.  The interest rates shown in the table are based on the portion of your account at the amount of the current savings entered.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer.

We recommend that you consider the TMD before making a purchase decision. Contact the product issuer directly for a copy of the TMD.