- 356
- Savings accounts compared
- 88
- Banks
- 3.30%
- Typical rate with bonus on $10,000
- 1.80%
- Typical base rate on $10,000
- 30%
- Accounts with bonus conditions
- 7%
- Accounts with an introductory rate
These figures cover the accounts listed on Finty, not the whole market. Rates are on a $10,000 balance. Headline figures are for adult accounts, because kids' accounts often pay higher rates on small balances.
How the market spreads out
Each bar shows the range from lowest to highest. The shaded band is where the middle half of accounts sit, and the line is the typical figure.
The shaded band covers the middle half of accounts, and the line marks the typical figure. A wide band means accounts vary a lot; a narrow one means they're much the same.
Bonus savers and plain savers
Adult savings accounts by whether they need conditions met to pay their full rate, with kids' accounts alongside.
| Metric | All adult | Bonus conditions | No conditions | Kids' accounts |
|---|---|---|---|---|
| Accounts | 323 | 98 | 225 | 33 |
| Typical rate with bonus | 3.30% | 5.00% | 2.48% | 3.65% |
| Typical base rate | 1.80% | 0.10% | 2.48% | 2.25% |
| Bonus conditions | 30% | 100% | 0% | 36% |
| Introductory rate | 7% | 10% | 5% | 0% |
| Balance limit | 6% | 10% | 4% | 9% |
Big four banks and other banks
Adult savings accounts from ANZ, CommBank, NAB and Westpac next to every other bank. The big banks' other brands, such as St.George, count as other banks.
| Metric | All adult | Big four | Other banks |
|---|---|---|---|
| Accounts | 323 | 20 | 303 |
| Typical rate with bonus | 3.30% | 2.33% | 3.30% |
| Typical base rate | 1.80% | 1.80% | 1.80% |
| Bonus conditions | 30% | 35% | 30% |
| Introductory rate | 7% | 10% | 7% |
| Balance limit | 6% | 0% | 7% |
How rates are spread
How many adult savings accounts pay a rate with bonus on $10,000 in each band.
- 0% to 1%17 accounts
- 1% to 2%67 accounts
- 2% to 3%45 accounts
- 3% to 4%53 accounts
- 4% to 5%52 accounts
- 5% to 6%81 accounts
- 6% or more1 account