Every 5-Star rated savings & transaction account revealed

Are you in the market for a new account that makes everyday spending a breeze, or one that helps to boost those hard-earned savings? Canstar has released the latest Savings and Transaction Account Star Ratings to help narrow your search.

After analysing 405 savings and transaction accounts from 73 institutions, Canstar has awarded 72 products with a 5-Star rating.

All accounts were assessed on comparative pricing and features attached to the account, including accessibility, conditions around interest payments and transaction security.

Recognising diverse consumer needs when it comes to savings and transactions, Canstar Research assessed the products across nine profiles.

For more information about the specifics of these consumer profiles, view the ratings methodology.

5-Star savings and transaction accounts

The nine profiles assessed for Canstar’s Savings and Transaction Account Star Ratings are:

  1. Flexible Saver
  2. Regular Saver
  3. Senior Saver
  4. Junior Saver
  5. SMSF Saver
  6. Low Transactor
  7. High Transactor
  8. Youth Transactor
  9. Senior Transactor

Listed in the tables below are 5-Star rated products for each category:

1.     Flexible Saver

The following Flexible Saver savings accounts received a 5-Star rating in September 2018:

Company Name Product Name
AMP Bank Saver Account
Bank of Sydney SuperRate
bcu iSaver
Easy Street Fin Services Easy Savings Online Account
Illawarra CU NSW saver
ING Savings Maximiser
ME Online Savings Account
MOVE Bank Express Saver
MOVE Bank First Home Saver Club Account
nabtrade High Interest Account
RaboDirect High Interest Savings Account
UBank USaver with Ultra
Source: Canstar Savings and Transaction Accounts Star Ratings, September 2018.

See the comparison table for the full star ratings for Flexible Saver savings accounts:

Compare Flexible Saver accounts with Canstar

2.     Regular Saver

The following Regular Saver savings accounts received a 5-Star rating in September 2018:

Company Name Product Name
Australian Unity Active Saver
CUA eSaver Reward
HSBC Flexi Saver
ING Savings Maximiser
ME Online Savings Account
NAB Reward Saver
People’s Choice Credit Union Bonus Saver Account
RaboDirect Notice Saver 90 Day
RAMS Saver Account
Suncorp Bank Growth Saver Account
UBank USaver with Ultra
Westpac Life
Source: Canstar Savings and Transaction Accounts Star Ratings, September 2018.

See the comparison table for all rated Regular Saver savings accounts:

Compare Regular Saver accounts with Canstar

3.     Senior Saver

The following Senior Saver savings accounts received a 5-Star rating in September 2018:

Company Name Product Name
Australian Military Bank Pension Access Account
CUA Everyday 55+
Macquarie Credit Union Gold Retirement Account
P&N Bank & Retirement Account
Woolworths Employees CU Deeming Account – Singles
Source: Canstar Savings and Transaction Accounts Star Ratings, September 2018.

 

See the comparison table for all star ratings for Senior Saver savings accounts:

Compare Senior Saver accounts with Canstar

4.     Junior Saver

The following Junior Saver savings accounts received a 5-Star rating in September 2018:

Company Name Product Name
bcu scoot’s super saver
CUA Youth eSaver
Newcastle Permanent Smart Saver Account (Under 25)
Nexus Mutual Junior Saver
Source: Canstar Savings and Transaction Accounts Star Ratings, September 2018.

See the comparison table for more rated Junior Saver savings accounts:

Compare Junior Saver Accounts with Canstar

5.     SMSF Saver

The following SMSF Saver savings accounts received a 5-Star rating in September 2018:

Company Name Product Name
Australian Military Bank DIY Super Saver Account
BankVic SMSF Saver
CUA eSaver Boost
FCCS Credit Union Superfund Maximiser
HSBC Flexi Saver
Newcastle Permanent Smart Saver Account
Qudos Bank Bonus Saver Account
Qudos Bank DIY Super Saver
RaboDirect Notice Saver 90 Day – SMSF
Source: Canstar Savings and Transaction Accounts Star Ratings, September 2018.

See the comparison table for all star-rated SMSF Saver savings accounts:

Compare SMSF Saver Accounts with Canstar

6.     Low Transactor

The following Low Transactor transaction accounts received a 5-Star rating in September 2018:

Company Name Product Name
Bank of Sydney Everyday Saver
Bankwest Hero Transaction Account
Beyond Bank Purple Transactor Account
Endeavour Mutual Bank Transaction Account
Gateway Bank Edge Account
ING Orange Everyday
Macquarie Bank Transaction Account
ME Everyday Transaction Account
NAB Cash Manager
NAB Classic Banking
Suncorp Bank Everyday Basics Account
Source: Canstar Savings and Transaction Accounts Star Ratings, September 2018.

See the comparison table for all rated Low Transactor savings accounts:

Compare Low Transactor Accounts with Canstar

7.     High Transactor

The following High Transactor transaction accounts received a 5-Star rating in September 2018:

Company Name Product Name
Bank of Melbourne Complete Freedom
Bank of Sydney Everyday Saver
Bank SA Complete Freedom
Bankwest Hero Transaction Account
Commonwealth Bank Smart Access
ING Orange Everyday
Macquarie Bank Platinum Transaction Account
Macquarie Bank Transaction Account
ME Everyday Transaction Account
NAB Cash Manager
NAB Classic Banking
St. George Bank Complete Freedom
Westpac Choice
Source: Canstar Savings and Transaction Accounts Star Ratings, September 2018.

See the comparison table for all star-rated High Transactor savings accounts:

Compare High Transactor Accounts with Canstar

8.     Youth Transactor

The following Youth Transactor transaction accounts received a 5-Star rating in September 2018:

Company Name Product Name
ANZ Access Advantage
Bank of Melbourne Complete Freedom Student
BankSA Complete Freedom Student
Bendigo Bank Student Account
Beyond Bank BU Savings Account
Commonwealth Bank Smart Access
NAB Classic Banking
St. George Bank Complete Freedom Student
Suncorp Bank Everyday Options-Student
Westpac Choice
Source: Canstar Savings and Transaction Accounts Star Ratings, September 2018.

Check out the comparison table to see all star-rated Youth Transactor savings accounts:

Compare Student/under 18 Accounts with Canstar

9.     Senior Transactor

The following Senior Transactor transaction accounts received a 5-Star rating in September 2018:

Company Name Product Name
Bank First Pension Account S9
Bank of Melbourne Retirement Access Plus
BankSA Retirement Access Plus
Commonwealth Bank Pensioner Security Account
First Option Credit Union Retirement Access Saver
Gateway Bank Edge Account
Heritage Bank Pension Plus Account
NAB Cash Manager
NAB Retirement Account
P&N Bank & Retirement Account
St. George Bank Retirement Access Plus
Westpac 55+ and Retired
Woolworths Employees CU Deeming Account – Couples
Woolworths Employees CU Deeming Account – Singles
Source: Canstar Savings and Transaction Accounts Star Ratings, September 2018.

The accounts listed above provide outstanding value for different types of account holders. Read our detailed savings and transaction Star Ratings methodology for more information about what makes a 5-Star rated savings and transaction account.

Canstar compares savings and transaction accounts based on a number of factors.

Find an account best suited to your needs by filtering your search and comparing products:

Compare Savings Accounts with Canstar

Discover more about the Savings and Transaction Account Star Ratings with our latest report:

Savings and Transaction Accounts Star Ratings

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