Best savings accounts without balance growth rules
This guide focuses on savings accounts that do not require balance growth each month to get the better rate.
By Savings Planner · Guide updated 22 Sept 2026 · Rates checked
Top rates for savings accounts without balance growth rules at a glance
As of 2 Oct 2026, the highest advertised savings rate for savings accounts without balance growth rules in our dataset is 5.90% p.a. from Rabobank High Interest Savings Account (4-month intro, then up to 4.00% p.a.; no monthly conditions).
| Bank | Product | Max rate | Ongoing rate | Intro offer | Top rate applies to | Conditions |
|---|---|---|---|---|---|---|
| Rabobank | High Interest Savings Account | 5.90% p.a. | Up to 4.00% p.a. | 4-month intro Up to 5.90% p.a. | Any balance | No monthly conditions. |
| ING | Savings Accelerator | 5.85% p.a. | Up to 4.80% p.a. | 4-month intro Up to 5.85% p.a. | First $250,000 | No monthly conditions. |
| BOQ | Future Saver Account | 5.80% p.a. | Up to 5.80% p.a. | — | First $50,000 | Ages 14–17: no monthly deposit or card-spend conditions for the bonus rate. For customers aged 18 to 35, deposit at least $1,000 from another Australian bank each month. For customers aged 18 to 35, make at least 5 card purchases each month. |
| Bankwest | Bankwest Easy Saver | 5.75% p.a. | Up to 5.00% p.a. | 4-month intro Up to 5.75% p.a. | Any balance | No monthly conditions. |
| RACQ Bank | Bonus Saver Account | 5.75% p.a. | Up to 5.75% p.a. | — | First $100,000 | Deposit at least $100 each month. Make no withdrawals during the month. |
| MOVE Bank | Growth Saver | 5.65% p.a. | Up to 5.65% p.a. | — | First $25,000 | Deposit at least $200 each month. Make no withdrawals during the month. |
| First Option Bank | KIDS BONUS SAVER | 5.55% p.a. | 5.55% p.a. | — | Up to $10,000 | Deposit at least $5 each month. Make no withdrawals during the month. |
| Great Southern Bank | Youth eSaver | 5.50% p.a. | Up to 5.50% p.a. | — | First $5,000 | No monthly conditions. |
| Regional Australia Bank | Saving Account | 5.45% p.a. | 3.25% p.a. | 3-month intro 5.45% p.a. | Any balance | No monthly conditions. |
| Bank First | Strong Start Saver | 5.40% p.a. | Up to 5.40% p.a. | — | First $250,000 | No monthly conditions. |
What this shortlist removes
This shortlist removes every product whose bonus rate depends on the balance being higher at month end than at the start. It does not remove other conditions: products here can still have monthly deposit rules, card-spend rules or withdrawal limits, and several do. Read the conditions column before choosing.
If you want no conditions at all, use the No hoops filter on this list or in Savings Planner, which removes every monthly rule type at once.
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