Australian High Interest Savings Accounts November 2019
With the interest rates on the chopping block it is useful to review your savings accounts. Here is a quick summary of Australian bank accounts that are paying some of the best interest rates as at 7th November 2019. These bank accounts can change their rates so make sure you check what the current rate and conditions are before opening an account.
UP Saver 2.25% (0.50% BASE + 1.75% BONUS)
Requirement for bonus:
Account holder must complete 5 transactions on debit card from linked everyday account from UP. No bonus on balance over 50K
Website: https://up.com.au/life_savers/
MyState Bonus Saver 2.25% (0.55% BASE + 1.70% BONUS)
Requirement for bonus:
Account holder must complete 5 transactions on debit card and deposit $20 a month. No bonus on balance over 150K
Website: https://www.mystate.com.au/personal/bank-accounts/bonus-saver-account
86400 Bank 2.25% (0.40% BASE + 1.85% BONUS)
Requirement for bonus:
Must deposit $1000 a month. No bonus on balance over 100K
Website: https://www.86400.com.au/pay-and-save/
ME Bank 2.20% (0.50% BASE + 1.70% BONUS)
Requirement for bonus:
Account holder must complete 4 contactless transactions per month. No bonus on balance over 250K
Website: https://www.mebank.com.au/personal/bank-accounts/online-savings-account/
BOQ Fast Track Saver 2.15% (0.35% BASE + 1.80% BONUS)
Requirement for bonus:
Must deposit $1000 a month into linked Day2Day Plus account. No bonus if balance over 250K
Website: https://www.boq.com.au/personal/banking/savings-and-term-deposits/fast-track-saver-account
UBank USaver + Ultra 2.10% (1.04% BASE + 1.06% BONUS)
Requirement for bonus:
Must deposit $200 a month, no bonus is paid during first month. No bonus if balance over 200K. To get the bonus rate, you must deposit at least $200 a month into your USaver Ultra transaction or USaver savings account from a non-UBank account
Website: https://www.ubank.com.au/transaction-accounts
This is not financial advice. Please do your own research and choose wisely.