Bank savings rates in Australia

3 banks, each figure read off the bank's own product page. The number on a card is what you get without meeting any conditions.

The highest rate you can get in Australia without conditions is 5.1 % at Ubank (NAB), as of our last check.

Ubank (NAB)

5.1 % savings account

advertises 5.85 % — first 4 months

5.85% is a +0.75% welcome add-on to the regular rate, for new clients only and no longer than four months.

checked 2026-08-31 · the bank's own page →

Macquarie Bank

5 % savings account

advertises 5.35 % — first 4 months

5.35% is a welcome rate for the first 4 months and only on balances up to $250,000.

checked 2026-08-30 · the bank's own page →

ING Australia

0.01 % savings account

advertises 5.5 % — 4 conditions every month

requires an Orange Everyday account, monthly top-ups to the Savings Maximiser, card purchases and a growing balance; the rate applies to one account only and only up to $100,000

checked 2026-08-30 · the bank's own page →

Every figure is read off the bank's own product page — never an aggregator, never a comparison site. Where a bank publishes only a ceiling, we say so instead of printing it as a rate. Records we could not confirm on the bank's page are left out entirely rather than shown as approximate.