Best savings accounts for $50k over 12 months

This guide looks at what a 30-year-old saver might see with $50,000 over 12 months, including accounts with standard monthly conditions.

Best setups for your cash

Projected return over your selected term using current product data. Check the official bank page before acting.

1-year return

$2,688

2-product split

Account

Put here

Advertised rate

Effective rate

Return

BOQ

Future Saver Account

Est. return

$1,338

Amount

$25,000

Headline rate

5.35%p.a.

Effective rate

5.35%p.a.

$25,000

5.35%

$1,338

Details

MOVE Bank

Growth Saver

Est. return

$1,350

Amount

$25,000

Headline rate

5.40%p.a.

Effective rate

5.40%p.a.

$25,000

5.40%

$1,350

Details

1-year return

$2,688

2-product split

Account

Put here

Advertised rate

Effective rate

Return

Judo Bank

Personal Savings Account

Est. return

$1,338

Amount

$25,000

Headline rate

5.35%p.a.

Effective rate

5.35%p.a.

$25,000

5.35%

$1,338

Details

MOVE Bank

Growth Saver

Est. return

$1,350

Amount

$25,000

Headline rate

5.40%p.a.

Effective rate

5.40%p.a.

$25,000

5.40%

$1,350

Details

1-year return

$2,675

1-product split

Account

Put here

Advertised rate

Effective rate

Return

BOQ

Future Saver Account

Est. return

$2,675

Amount

$50,000

Headline rate

5.35%p.a.

Effective rate

5.35%p.a.

$50,000

5.35%

$2,675

Details

1-year return

$2,675

1-product split

Account

Put here

Advertised rate

Effective rate

Return

Judo Bank

Personal Savings Account

Est. return

$2,675

Amount

$50,000

Headline rate

5.35%p.a.

Effective rate

5.35%p.a.

$50,000

5.35%

$2,675

Details

1-year return

$2,625

1-product split

Account

Put here

Advertised rate

Effective rate

Return

ING

Savings Maximiser

Est. return

$2,625

Amount

$50,000

Headline rate

5.25%p.a.

Effective rate

5.25%p.a.

$50,000

5.25%

$2,625

Details

1-year return

$2,550

1-product split

Account

Put here

Advertised rate

Effective rate

Return

ubank

Save account

Est. return

$2,550

Amount

$50,000

Headline rate

5.60%p.a.

Effective rate

5.10%p.a.

$50,000

5.60%

5.10%

$2,550

Details

1-year return

$2,442

No fuss1-product split

Account

Put here

Advertised rate

Effective rate

Return

MyState

Hello Saver account

Est. return

$2,442

Amount

$50,000

Headline rate

5.15%p.a.

Effective rate

4.88%p.a.

$50,000

5.15%

4.88%

$2,442

Details

1-year return

$2,433

No fuss1-product split

Account

Put here

Advertised rate

Effective rate

Return

Macquarie

Macquarie Savings Account

Est. return

$2,433

Amount

$50,000

Headline rate

5.10%p.a.

Effective rate

4.87%p.a.

$50,000

5.10%

4.87%

$2,433

Details

1-year return

$2,425

No fuss1-product split

Account

Put here

Advertised rate

Effective rate

Return

AMP

GO Save

Est. return

$2,425

Amount

$50,000

Headline rate

4.85%p.a.

Effective rate

4.85%p.a.

$50,000

4.85%

$2,425

Details

1-year return

$1,375

1-product split

Account

Put here

Advertised rate

Effective rate

Return

MOVE Bank

Growth Saver

Est. return

$1,375

Amount

$50,000

Headline rate

5.40%p.a.

Effective rate

2.75%p.a.

$50,000

5.40%

2.75%

$1,375

Details

1-year return

$1,025

No fuss1-product split

Account

Put here

Advertised rate

Effective rate

Return

ANZ Plus

ANZ Plus Flex Saver

Est. return

$1,025

Amount

$50,000

Headline rate

4.75%p.a.

Effective rate

2.05%p.a.

$50,000

4.75%

2.05%

$1,025

Details

Calculator

Check your own setup in the calculator

Start from this guide, then change the amount, age, or time frame to match your own setup.

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