7 BEST High Interest Savings Accounts Australia [UPDATED 2023]

Finally, savings accounts in Australia are paying some semi-decent interest for once - took the banks long enough! In this video I summarise 7 High Interest Savings Accounts in Australia - UPDATED for 2023. I can't legally recommend any of them, but I'll share the facts about them and you can make your own decision. 7 Best High Interest Savings Accounts Australia 2023.

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0:50 ING Savings Maximiser - 4.55%
1:41 BOQ Future Saver - 4.75% up to ($50k then drops to 3% from $50k-$250k)
2:25 AMP Saver - 4.1% (from 1 Feb 2023)
3:13 Rabo Bank - 4.5% (up to $250k but only for 4 months)
3:43 UBank - 4.1%
5:56 Virgin Money Boost - 4.3% (up to 4.6% if you use Lock Saver feature)
7:31 Westpac Life Saver Account - 4.35% (for 18-29 year olds)
8:35 Final thoughts
9:03 Let me know your thoughts in comments!

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Tags: #savingsaccount #savemoney #savemoneytips #interestrates

[Joe_c]

UBank definitely has the best value as the rate is among the highest with the least conditions to earn the bonus interest

[shawnfrank]

Nice list. I couldnt get which account you mentioned you had ? It sounded like offshore but I just wanted to know if you could recommend that ?

[bobr]

why have you not mentioned MySaving Direct at 4.35%, please advise?

[raycorc]

Have you found any better rates? Let me know

[lachlanminns]

I am with ING at 4.55% it's 1000 deposit 5 settled transaction and grow account is ING worth it?

[Sly]

I always hear good things about me bank except their app isn't as advanced

[MinecraftEnthusiast]

What about Macquarie bank offering 4.5%