Judo Bank

If you want the best savings accounts in Australia right now, the strongest mainstream picks are Judo Bank, ING, Macquarie, Suncorp Bank, and Rabobank, depending on whether you want the highest bonus rate, an intro rate, or no conditions.

Here are the top brands/products people actually use and why they stand out:

A few practical notes on the most-used style of accounts:

• Intro-rate accounts are usually best if you want to maximise interest for a few months, then move later; ING, Rabobank, NAB and others compete heavily here.
• Bonus-rate accounts are better if you’re happy to meet conditions such as monthly deposits or balance growth; Judo Bank and Rabobank are strong examples.
• No-conditions accounts are simpler and often preferred by people who want set-and-forget savings; Macquarie is the standout in this category.

If you want a short list of the most sensible real-world picks:

• Macquarie Savings Account for simplicity and no hoops.
• ING Savings Booster if you can satisfy the deposit/eligibility rules and want a high intro rate.
• Judo Bank Savings Account if you want a strong ongoing bonus-rate account.
• Rabobank High Interest Savings Account / PremiumSaver if you want a top-tier offer from a well-known savings specialist.
• ubank Save if you want another widely used high-rate option that regularly appears near the top of comparison sites.

If you want, I can next give you a ranked list by actual rate, or a best account for your situation like “no monthly pay-in,” “over $100k,” or “under 30.”

As of early September 2026, competitive high-interest savings accounts (HISAs) in Australia are offering variable rates up to around 6% p.a. (mostly introductory), with strong ongoing options in the 5–5.5%+ range depending on conditions.

Rates change frequently (often monthly), are variable, and usually come with conditions like minimum monthly deposits, balance growth, or no withdrawals to earn the bonus rate—otherwise you drop to a low base rate (sometimes near 0%). Most have no account-keeping fees, and balances up to $250,000 per account holder per authorised deposit-taking institution (ADI) are protected by the Financial Claims Scheme (FCS). Always compare the latest rates and terms on sites like Finder, Canstar, or Mozo, and check eligibility (e.g., new customer status or age).

Here are some of the top brands and products frequently highlighted in recent comparisons (Finder, Canstar, Mozo, etc.) and discussed by Aussies for actual use. These stand out for competitive rates, features, or popularity:

Strong Introductory Offers (Great for New Customers)

• ING Savings Booster — Often tops lists with up to 6% p.a. for the first 4 months (new to ING savings customers, balances up to $500k), then ongoing around 5.4% with conditions like $100+ monthly balance growth. Requires a linked ING Orange Everyday account. Popular for the high intro rate and app usability.
• Rabobank High Interest Savings Account — 5.90% p.a. intro for 4 months (balances up to $250k), reverting to ~4% ongoing. Minimal or no monthly conditions during the promo period. Frequently praised for straightforward high intro rates.

Best for Ongoing Bonus Rates (With Conditions)

• Judo Bank Savings Account — Regularly named a top bonus rate option (around 5.35% p.a. ongoing with deposit conditions, e.g., $300/month). Good for those willing to meet simple requirements.
• ING Savings Maximiser (or similar ING products) — Around 5.5% p.a. with deposits ($1k+/month) and card purchases. A go-to for many due to the brand's reputation and digital features.
• Westpac Life (ages 18–40) — Up to 5.75% p.a. with balance growth + linked account transactions. One of the stronger Big Four options for eligible younger savers.
• Bank of Queensland (BOQ) Future Saver (younger ages, e.g., 14–35) — Competitive bonus rates (up to ~5.8% in some reports) with deposit/transaction conditions.

Best No-Conditions or Simpler Options

• Macquarie Savings Account — Strong 5% p.a. ongoing base rate (up to high balances, e.g., $2m in some cases) with no deposit/withdrawal conditions. Frequently recommended for set-and-forget saving and reliability.
• AMP Bank GO Save — Around 5.1–5.25% p.a. ongoing with no monthly conditions (subject to balance caps like $50k–$500k). Good for hassle-free earning.
• Bankwest Easy Saver — Intro rates leading to 5% p.a. ongoing (up to $250k), often with no conditions for the base rate.

Other Notable Mentions

• UBank Save Account — Solid intro rates (up to ~5.85%) and ongoing options; popular digital option from NAB.
• Suncorp or Easy Street products — Sometimes highlighted for larger balance limits or specific features.

Big Four banks (CommBank GoalSaver/NetBank Saver ~5%, NAB, ANZ Plus, Westpac) offer accessible options with decent rates (often 5%+ with conditions) and branch/app support, but online/neobank options like ING, Macquarie, Judo, and Rabobank typically lead on rates.

What people actually use: ING and Macquarie come up a lot in discussions for ease and rates; Rabobank and Judo for competitive offers; and Big Four accounts for convenience if you already bank there. Many switch or hold multiple accounts to maximise intro periods (watch for “new customer” rules).

Tips:

• Match the account to your habits—conditions can be easy (e.g., one deposit) or strict.
• Factor in app quality, customer service, and any linked transaction account needs.
• Rates are variable; monitor via comparison sites or bank alerts.
• For kids/youth accounts, look at options like Great Southern Bank or Bank Australia mySaver.

Compare live rates and read the product terms before applying, as offers can end or change quickly. If your balance is large, consider spreading across ADIs for FCS protection.