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Best High Interest Savings Accounts (Australia)

Rank Bank Account Interest Rate Conditions
1 Ubank Save Account 5.50% Deposit $500 per month
Balances up to $100k
2 AMP Saver Account 5.40% Deposit $1000 previous month
Balances up to $250k
3 BOQ Simple Saver Account 4.85% Balances up to $5 million

I've not listed accounts with introductory periods, as these are usually only for a few months, then you revert to a low rate of interest.

I've also excluded account where you have to grow your balance each month and make a minimum number of transactions as I don't feel these are practical