Maximise your savings interest with the right setup
See how much extra interest you could earn with a better savings setup based on real bank rules, balance limits, and bonus conditions.
Pick your savings planner
For your own savings
Find the account or two-bank split that earns the most on your balance, based on bonus conditions, balance caps, and intro offers.
For company cash
Compare business savings accounts for tax reserves, payroll buffers, and surplus cash, matched to your entity type and the $250k FCS limit.
See what a better setup could look like
If you have $100,000 in savings:
Illustrative example only. Actual results depend on your balance, eligible accounts, and whether you meet each bank’s conditions.
A more suitable setup can make a meaningful difference over 12 months.
Why savings accounts are harder to optimise than they look
The highest advertised savings rate is not always the one you actually earn.
Your real return can depend on bonus conditions, balance caps, intro offers, and whether one account or a split strategy makes more sense for your balance.
That is why choosing a single top rate account can still leave interest on the table.
A smarter way to find your best savings setup
Savings Planner does more than show a list of accounts.
It helps you see which bank rules actually matter, whether splitting your savings could improve your outcome, and what setup could earn more interest over the next 12 months.
So instead of guessing, you can compare a setup that better fits your own balance and situation.
How it works
Enter your total savings
Add your balance and how long you plan to save. No signup needed.
See your best savings setup
We rank single accounts and two-account splits by estimated return once bonus conditions and balance caps apply.
Open account
Check each account's conditions on the bank's own page, then open it directly with the bank.
Find your best savings setup in seconds
See how much extra interest you could earn over the next 12 months with a setup that better fits your balance.
How to maximise savings interest in Australia
Finding the best savings account in Australia is not just about choosing the highest advertised interest rate.
Many savings accounts come with bonus conditions, balance caps, or introductory offers that only apply in specific situations. If you do not meet those conditions, the return you actually earn can be much lower than the headline rate suggests.
In some cases, the best outcome is not a single account at all. A better strategy may involve choosing accounts based on your balance, the conditions you are willing to meet, and how long you expect to leave your savings in place.
Savings Planner helps you compare these possibilities and identify a savings setup that could generate more interest over the next 12 months based on real bank rules.
Looking for the current shortlist instead? See the best savings accounts in Australia right now, ranked from 127 products across 65 banks, last verified on .
Frequently asked questions
What is the best savings account in Australia?
As of 2 Oct 2026, the highest advertised savings rate in our dataset is 6.00% p.a. from ING Savings Booster (4-month intro, then 5.40% p.a.), which requires you to grow the balance by at least $100 by month end. The highest rate with no monthly conditions is 5.90% p.a. from Rabobank High Interest Savings Account (4-month intro, then up to 4.00% p.a.). Which one is best for you depends on your balance and the conditions you can meet, so Savings Planner ranks setups by estimated 12-month interest instead of by headline rate.
How can I maximise savings interest?
As of 2 Oct 2026, the top advertised rate in our dataset is 6.00% p.a. and the top rate with no monthly conditions is 5.90% p.a. To earn close to the headline number, check three things: the monthly conditions attached to any bonus rate, the balance cap above which the rate drops, and how long an intro rate lasts. Above a cap, splitting across two accounts usually earns more than one.
Are bonus rates worth it?
As of 2 Oct 2026, the gap between the top bonus rate (6.00% p.a.) and the top no-conditions rate (5.90% p.a.) is about $50 a year on $50,000. That is only worth it if you meet the conditions every month: one missed month usually earns the base rate (2.25% p.a. on Savings Booster) for that month, which can wipe out more than the whole year's advantage.