Best savings accounts without card spend rules
This guide focuses on savings accounts that do not require card purchases to get the better rate.
By Savings Planner · Guide updated 22 Sept 2026 · Rates checked
Top rates for savings accounts without card spend rules at a glance
As of 2 Oct 2026, the highest advertised savings rate for savings accounts without card spend rules 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.).
| Bank | Product | Max rate | Ongoing rate | Intro offer | Top rate applies to | Conditions |
|---|---|---|---|---|---|---|
| ING | Savings Booster | 6.00% p.a. | 5.40% p.a. | 4-month intro 6.00% p.a. | Any balance | Grow the balance by at least $100 by month end. |
| 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. |
| ubank | Save account | 5.85% p.a. | Up to 5.10% p.a. | 4-month intro Up to 5.85% p.a. | First $1,000,000 | Grow the balance by at least $1 by month end. |
| 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. |
| Newcastle Permanent | Smart Saver Account (under 25) | 5.75% p.a. | Up to 5.75% p.a. | — | First $50,000 | Finish the month with a higher balance than you started with. Make no more than 2 withdrawals each month. |
| 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. |
What this shortlist removes
This shortlist removes every product whose bonus rate depends on a number of card purchases each month. It does not remove other conditions: products here can still have monthly deposit rules, balance-growth 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.
See more ranked products
See more ranked products, then open the bank page you want to check.
See ranked products
