Savings comparison
Compare high interest savings accounts available to Australians by headline rate, ongoing rate, balance cap, and monthly conditions. These accounts can suit emergency funds, tax savings, short-term goals, or cash waiting to be invested.
Rates checked: 26 May 2026
High Interest Savings Account
5.90% p.a.
4 month intro
Ongoing rate
4.00% p.a.
Balance cap
$250,000
Conditions
New personal customers. No monthly hoops on the intro offer.
Best for
Highest short-term intro rate for idle cash under $250k.
Watch out
Drops to a lower ongoing rate after the introductory period.
Save account
5.85% p.a.
4 month welcome
Ongoing rate
5.10% p.a.
Balance cap
$1,000,000
Conditions
Grow combined savings by at least $1 each month for bonus interest.
Best for
Large cash balances where simple monthly balance growth is realistic.
Watch out
Welcome margin ends after 4 months; bonus criteria still apply.
Savings Accelerator
5.85% p.a.
4 month kick starter
Ongoing rate
4.80% p.a.
Balance cap
$500,000
Conditions
New to ING savings. Stepped rate on balances up to $500k.
Best for
New ING savers who want a high intro rate without daily spending hoops.
Watch out
Ongoing rate is lower after the kick starter period.
Easy Saver
5.75% p.a.
4 month intro
Ongoing rate
5.00% p.a.
Balance cap
$250,000
Conditions
Introductory rate for eligible customers on balances under $250,000.99.
Best for
A clean intro-rate option if you want a familiar Australian bank brand.
Watch out
Introductory rate eligibility and timing matter.
Savings Maximiser
5.50% p.a.
Ongoing bonus
Ongoing rate
5.50% p.a.
Balance cap
$100,000
Conditions
Deposit $1,000, make 5 card purchases, and grow the nominated balance monthly.
Best for
Disciplined savers under $100k who already use ING as an everyday bank.
Watch out
Missing one monthly condition can sharply reduce the rate for that month.
Savings Account
5.35% p.a.
4 month welcome
Ongoing rate
5.00% p.a.
Balance cap
$250,000
Conditions
Welcome rate applies to the first Macquarie savings account; ongoing rates apply after.
Best for
Low-fuss savings where ongoing rate and app experience matter.
Watch out
Requires opening a Macquarie Transaction Account first.
Hero Saver
5.10% p.a.
Ongoing bonus
Ongoing rate
5.10% p.a.
Balance cap
$250,000
Conditions
Bonus criteria apply for the Hero rate on balances under $250,000.99.
Best for
Savers who prefer ongoing bonus-rate products over honeymoon offers.
Watch out
Check criteria before moving cash.
General information only
Early access
OpenFolio connects savings accounts, investments, super and debt in one Australian dashboard.