Pays 5.40% p.a. total (0.05% base plus 5.35% bonus) as of 17 September 2026. Ranks 8th of 93 savings accounts tracked by BankMate, 0.54 points above the average of 4.86%. The rate last rose on 28 March 2026, 10 days after the RBA raised the cash rate to 4.10%.
5.40%p.a.
0.05% base + 5.35% bonus · bonus up to $250,000 · unlimited withdrawals · variable
Rate over time
Total rate, conditions met- Smart Saver Account
- RBA cash rate
- Market average
Position among 93 accounts
By month, end of month- Feb 2026: ranked 6 of 46
- Mar 2026: ranked 7 of 74
- Apr 2026: ranked 9 of 88
- May 2026: ranked 19 of 91
- June 2026: ranked 25 of 91
- July 2026: ranked 27 of 92
- Aug 2026: ranked 27 of 92
- Sept 2026: ranked 8 of 93
Feb 2026
- Top 5%
- Top 10%
- Top 25%
- Lower
In the top 25% for 5 of the last 8 months. Never below the top 50%.
Changes
1 on record since 1 Mar 2026- 4.85 → 5.15Bonus rate · 10 days after the RBA rise to 4.10%+0.30
Conditions for the bonus rate
Checked each month- Debit card use
- 5+/month
- Monthly deposits
- $1,000/month
- Balance range
- $0 - $250,000
- Age
- 36+ years
On your balance
Saved with your preferences- Interest this year
- —
- Each month
- —
- Against the average account (4.86%)
- —
Rate by balance
Up to $250k
5.40%$250k+
0.05%Notes from savers
to leave a note.