
- Base rate: 0.40% p.a.

- Bonus interest: 4.60% p.a. in total

- Maximum rate: 5.00% p.a.

- Maximum balance for bonus rate: $250,000
Bonus interest conditions: Okay, get your abacus out! To earn 4.50% p.a. in bonus interest you’ll need to grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21), excluding interest. In addition, for the first three months only, you can earn an extra 0.10% p.a. but only if you open your account online.
Why we chose it: Complexity aside, this is a very respectable top interest rate.
What to watch out for: You’ll only have three months with the very top rate, and limited flexibility if you want to earn the bonus interest on an ongoing basis.
Rates and product info are correct as at 2 May 2025 and are subject to change. To be included for consideration in our top list of bonus savers, the account must be offered by an Authorised Deposit-taking Institution (ADI) and the account must not have maximum age restrictions, or eligibility restrictions based on the applicant’s profession or where they live in Australia. The account must offer the top bonus rates on balances starting from $0 and at least $100,000. Our list of top bonus savings rates is sorted based on the maximum variable interest rate. Where two accounts have the same maximum rate, we’ve put the account with the higher base rate first. If both max and base rate are the same, we sort products alphabetically by provider name.