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