Every 5-Star rated savings & transaction account revealed

Canstar has released the latest Savings and Transaction Account Star Ratings, rating savings and transaction accounts across 73 institutions.

After assessing and rating 404 savings and transaction accounts, Canstar has awarded 87 products with a 5-Star rating across nine profiles.

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 April 2018:

Company Name Product Name
AMP Bank Saver Account
Citi Online Saver
Easy Street Fin Services Easy Savings Online Account
Illawarra CU NSW Saver
ING Savings Maximiser
ME Online Savings Account
MOVE – People Driven Banking Express Saver
MOVE – People Driven Banking 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, April 2018.

The table below displays a snapshot of 5-Star Flexible Saver savings accounts on Canstar’s database with links to providers’ websites, sorted by company name (alphabetically). The products and star ratings displayed are based on current savings of $5,000 for people living in NSW.

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 April 2018:

Company Name Product Name
Australian Unity Active Saver
CUA eSaver Boost
CUA eSaver Reward
HSBC Flexi Saver
ING Savings Maximiser
ME Online Savings Account
Newcastle Permanent Smart Saver Account
RaboDirect Notice Saver 31 Day
RaboDirect Notice Saver 60 Day
RaboDirect Notice Saver 90 Day
RAMS Saver Account
UBank USaver with Ultra
Source: Canstar Savings and Transaction Accounts Star Ratings, April 2018.

The table below displays a snapshot of 5-Star Regular Saver savings accounts on Canstar’s database with links to providers’ websites, sorted by company name (alphabetically). The products and star ratings displayed are based on current savings of $5,000 for people living in NSW.

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 April 2018:

Company Name Product Name
Australian Military Bank Pension Access Account
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, April 2018.

The table below displays a snapshot of 5-Star Senior Saver savings accounts on Canstar’s database sorted by company name (alphabetically). The products and star ratings displayed are based on current savings of $5,000 for people living in NSW.

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 April 2018:

Company Name Product Name
Bankwest Kids’ Bonus Saver
bcu scoot’s super saver
CUA Youth eSaver
Nexus Mutual Junior Saver
Source: Canstar Savings and Transaction Accounts Star Ratings, April 2018.

The table below displays a snapshot of 5-Star Junior Saver savings accounts on Canstar’s database sorted by company name (alphabetically). The products and star ratings displayed are based on current savings of $5,000 for people living in NSW.

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 April 2018:

Company Name Product Name
Australian Military Bank DIY Super Saver Account
BankVic SMSF Saver
CUA eSaver Boost
FCCS Credit Union Superfund Maximiser
MOVE – People Driven Banking Express Saver
nabtrade High Interest Account
Newcastle Permanent Smart Saver Account
Qudos Bank DIY Super Saver
RaboDirect Notice Saver 31 Day – SMSF
RaboDirect Notice Saver 60 Day – SMSF
RaboDirect Notice Saver 90 Day – SMSF
Source: Canstar Savings and Transaction Accounts Star Ratings, April 2018.

The table below displays a snapshot of 5-Star SMSF Saver savings accounts on Canstar’s database sorted by company name (alphabetically). The products and star ratings displayed are based on current savings of $5,000 for people living in NSW.

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 April 2018:

Company Name Product Name
Bank of Sydney Everyday Saver
Bankwest Hero Transaction Account
Beyond Bank Purple Transactor Account
Endeavour Mutual Bank Transaction Account
First Option Credit Union Super Cash Hub
Gateway Bank Edge Account
ING Orange Everyday
Macquarie Bank Transaction Account
ME Everyday Transaction Account
NAB Classic Banking
Westpac Choice
Source: Canstar Savings and Transaction Accounts Star Ratings, April 2018.

The table below displays a snapshot of 5-Star Low Transactor accounts on Canstar’s database with links to providers’ websites, sorted by company name (alphabetically). The products and star ratings displayed are based on people living in NSW.

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 April 2018:

Company Name Product Name
Bankwest Hero Transaction Account
Beyond Bank Purple Transactor Account
Commonwealth Bank Smart Access
Gateway Bank Edge Account
ING Orange Everyday
Macquarie Bank Platinum Transaction Account
Macquarie Bank Transaction Account
ME Everyday Transaction Account
NAB Cash Manager
NAB Classic Banking
Westpac Choice
Source: Canstar Savings and Transaction Accounts Star Ratings, April 2018.

The table below displays a snapshot of 5-Star High Transactor accounts on Canstar’s database with links to providers’ websites, sorted by company name (alphabetically). The products and star ratings displayed are based on people living in NSW.

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 April 2018:

Company Name Product Name
ANZ Access Advantage
Bendigo Bank Student Account
Beyond Bank BU Savings Account
Commonwealth Bank Smart Access
IMB Everyday Unlimited Kickstart
Macquarie Bank Transaction Account
NAB Classic Banking
Suncorp Bank Everyday Options-Student
Westpac Choice
Source: Canstar Savings and Transaction Accounts Star Ratings, April 2018.

The table below displays a snapshot of 5-Star Student/under 18 accounts on Canstar’s database with links to providers’ websites, sorted by company name (alphabetically). The products and star ratings displayed are based on people living in NSW.

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 April 2018:

Company Name Product Name
ANZ Pensioner Advantage
Bank First Pension Account S9
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
The Mutual Retirement Account
The Rock Senior’s Platinum Account
Westpac 55+ and Retired
Woolworths Employees CU Deeming Account – Couples
Woolworths Employees CU Deeming Account – Singles
Source: Canstar Savings and Transaction Accounts Star Ratings, April 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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