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Savings account rates in Australia, September 2026

As of 16 September 2026, the highest total savings rate tracked by BankMate was 5.80% p.a. from BOQ (Future Saver Account). The average total rate across 93 accounts was 4.86% p.a. (median 5.05%), with 58 paying 5% or more. No rate changes were recorded during September 2026.

Highest total rates

As of 16 September 2026
  1. 🏛️
    1
    5.80%
    BOQFuture Saver Account
  2. 🏦
    2
    5.75%
    Newcastle PermanentSmart Saver Account (under 25)
  3. 🏢
    3
    5.75%
    WestpacWestpac Life
  1. 4
    🚀
    MOVE Bank Growth Saver5.65%
  2. 5
    🏦
    First Option Bank KIDS BONUS SAVER5.55%
  3. 6
    🏦
    Great Southern Bank Youth eSaver5.50%
  4. 7
    💳
    ING Savings Maximiser5.50%
  5. 8
    🐄
    Rabobank PremiumSaver5.40%
  6. 9
    💳
    ING Savings Booster5.40%
  7. 10
    🏛️
    BOQ Smart Saver Account5.40%
Compare all 93

Total rate is base plus bonus, assuming every monthly condition is met. Age-restricted accounts are included; each account page states its eligibility.

The Big 4

Highest savings rate at each

Rate changes in September

No rate changes were recorded this month.

How this report is produced

Data
Each bank's Consumer Data Right (open banking) product feed, re-read nightly. A rate change is recorded when the published total rate differs from the last value stored.
Figures
This is the current month, so the tables show live rates. Changes compare the last rate before the month with the last rate within it. 0 history entries fall in this month.
Scope
Personal savings accounts open to Australian residents, as listed on BankMate. Not financial advice. Methodology · Today's full ranking