Best savings accounts without withdrawal restrictions
This guide focuses on savings accounts that do not depend on no-withdrawal rules or tight withdrawal limits.
By Savings Planner · Guide updated 22 Sept 2026 · Rates checked
Top rates for savings accounts without withdrawal restrictions at a glance
As of 2 Oct 2026, the highest advertised savings rate for savings accounts without withdrawal restrictions 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. |
| 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. |
| Great Southern Bank | Youth eSaver | 5.50% p.a. | Up to 5.50% p.a. | — | First $5,000 | No monthly conditions. |
| ING | Savings Maximiser | 5.50% p.a. | 5.50% p.a. | — | Up to $100,000 | Deposit at least $1,000 each month. Make at least 5 card purchases each month. Finish the month with a higher balance than you started with. |
| 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 making no withdrawals, or on staying under a maximum number of withdrawals, in the month. It does not remove other conditions: products here can still have monthly deposit, balance-growth or card-spend rules, 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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