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Compare a range of Australian banking products below

Finder compares a huge range of savings and transaction accounts. From high interest savings accounts and day-to-day transaction accounts to accounts that reward you with bonus interest for good savings habits, Finder can help you find the right bank account for you.

1 - 10 of 10
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Maximum Variable Rate p.a.
4.75%
Standard Variable Rate p.a.
0.10%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $200
Go to siteView details
Maximum Variable Rate p.a.
4.80%
Standard Variable Rate p.a.
0.80%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1000 in previous month
Go to siteView details
Maximum Variable Rate p.a.
4.60%
Standard Variable Rate p.a.
4.00%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Maximum Variable Rate p.a.
4.80%
Standard Variable Rate p.a.
4.25%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
1.10%
Intro Period
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
4.85% p.a. includes 0.10% p.a. bonus for new Maxi saver customers applying online.
Maximum Variable Rate p.a.
4.50%
Standard Variable Rate p.a.
1.00%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Maximum Variable Rate p.a.
4.85%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 eligible purchases
Go to siteView details
Maximum Variable Rate p.a.
4.60%
Standard Variable Rate p.a.
0.50%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance by $250
Go to siteView details
Maximum Variable Rate p.a.
4.60%
Standard Variable Rate p.a.
0.01%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Maximum Variable Rate p.a.
5.15%
Standard Variable Rate p.a.
4.00%
Intro Period
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
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Showing 10 of 10 results
1 - 6 of 6
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Apple Pay Google Pay Samsung Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Pay no account keeping fees, no overseas ATM fees and no foreign transaction fees plus see your other bank accounts, super and investments all within your ubank app.
Finder AwardApple Pay Google Pay10 Currencies
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Earn 2% cashback on tap and pay purchases.
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
Go to siteMore Info
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Showing 6 of 6 results
1 - 13 of 101
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Finder Award$1,000 min. deposit
3 Mths p.a.
4.35%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.65%
7 Mths p.a.
-
12 Mths p.a.
4.80%
24 Mths p.a.
4.85%
Go to siteMore Info
$1,000 min. deposit$5,000,000 max. deposit
3 Mths p.a.
3.15%
4 Mths p.a.
2.60%
5 Mths p.a.
2.70%
6 Mths p.a.
3.90%
7 Mths p.a.
3.50%
12 Mths p.a.
4.25%
24 Mths p.a.
4.00%
Go to siteMore Info
$25,000 min. deposit$5,000,000 max. deposit
3 Mths p.a.
3.95%
4 Mths p.a.
3.95%
5 Mths p.a.
4.55%
6 Mths p.a.
4.55%
7 Mths p.a.
4.55%
12 Mths p.a.
4.70%
24 Mths p.a.
4.60%
Go to siteMore Info
$1,000 min. deposit
3 Mths p.a.
4.00%
4 Mths p.a.
2.25%
5 Mths p.a.
2.25%
6 Mths p.a.
3.80%
7 Mths p.a.
2.85%
12 Mths p.a.
4.10%
24 Mths p.a.
4.25%
Go to siteMore Info
$5,000 min. deposit$5,000,000 max. deposit
3 Mths p.a.
0.70%
4 Mths p.a.
4.10%
5 Mths p.a.
0.90%
6 Mths p.a.
3.85%
7 Mths p.a.
1.10%
12 Mths p.a.
4.40%
24 Mths p.a.
3.35%
Go to siteMore Info
$5,000 min. deposit$50,000,000 max. deposit
3 Mths p.a.
2.50%
4 Mths p.a.
4.60%
5 Mths p.a.
4.50%
6 Mths p.a.
4.40%
7 Mths p.a.
3.50%
12 Mths p.a.
4.50%
24 Mths p.a.
3.95%
Go to siteMore Info
$1,000 min. deposit$999,999 max. deposit
3 Mths p.a.
3.85%
4 Mths p.a.
3.25%
5 Mths p.a.
3.25%
6 Mths p.a.
4.25%
7 Mths p.a.
3.50%
12 Mths p.a.
4.30%
24 Mths p.a.
4.30%
Go to siteMore Info
$5,000 min. deposit
3 Mths p.a.
4.00%
4 Mths p.a.
1.15%
5 Mths p.a.
1.15%
6 Mths p.a.
4.20%
7 Mths p.a.
1.50%
12 Mths p.a.
4.50%
24 Mths p.a.
4.20%
Go to siteMore Info
$1,000 min. deposit$2,000,000 max. deposit
3 Mths p.a.
4.15%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
4.60%
7 Mths p.a.
-
12 Mths p.a.
4.40%
24 Mths p.a.
4.10%
Go to siteMore Info
$5,000 min. deposit$24,999 max. deposit
3 Mths p.a.
3.90%
4 Mths p.a.
3.90%
5 Mths p.a.
4.50%
6 Mths p.a.
4.50%
7 Mths p.a.
4.50%
12 Mths p.a.
4.65%
24 Mths p.a.
4.55%
Go to siteMore Info
$5,000 min. deposit$2,000,000 max. deposit
3 Mths p.a.
3.15%
4 Mths p.a.
2.60%
5 Mths p.a.
2.70%
6 Mths p.a.
3.90%
7 Mths p.a.
3.50%
12 Mths p.a.
4.25%
24 Mths p.a.
4.00%
Go to siteMore Info
$100,000 min. deposit$5,000,000 max. deposit
3 Mths p.a.
3.95%
4 Mths p.a.
3.95%
5 Mths p.a.
4.55%
6 Mths p.a.
4.55%
7 Mths p.a.
4.55%
12 Mths p.a.
4.70%
24 Mths p.a.
4.60%
Go to siteMore Info
$5,000 min. deposit$1,000,000 max. deposit
3 Mths p.a.
4.40%
4 Mths p.a.
4.35%
5 Mths p.a.
-
6 Mths p.a.
4.40%
7 Mths p.a.
-
12 Mths p.a.
4.40%
24 Mths p.a.
3.90%
More Info
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Showing 13 of 101 results
1 - 11 of 66
Name Monthly fee Govt. Guarantee Own network ATM fee Card type
Apple Pay Google Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
N/A
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
Go to siteMore Info
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Mastercard
Go to siteMore Info
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Apple Pay Google Pay Samsung Pay Fitbit Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0.60
Card type
Visa
More Info
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Apple Pay Google Pay Samsung Pay
Monthly fee
$10
Government Guarantee
Own network ATM fee
$5
Card type
Visa
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$6
Government Guarantee
Own network ATM fee
$0.50
Card type
Visa
Google Pay Apple Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$22
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
Apple Pay Google Pay Samsung Pay Fitbit Pay Garmin Pay
Monthly fee
$10
Government Guarantee
Own network ATM fee
$0
Card type
Visa
More Info
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Showing 11 of 66 results
1 - 6 of 6
Name Product Price per trade Inactivity fee Asset Class International
CMC Markets Invest
$0
$0
ASX shares, Global shares, Options trading, US shares, mFunds, ETFs
Yes
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 35,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges. Plus, buy Aussie shares for $0 brokerage up to $1,000. (Limited to one buy order per stock per trading day).
eToro
Finder Award
eToro
$0
US$10 per month if there’s been no log-in for 12 months
ASX shares, Global shares, US shares, ETFs
Yes
$0 brokerage share trading on Aussie, US, Hong Kong and European stocks with trades as low as US$10.
CFD service. Capital at risk.
Join the world’s biggest social trading network when you trade stocks, commodities and currencies from the one account.
Tiger Brokers
US$0.99
$0
ASX shares, Global shares, US shares, ETFs
Yes
Finder exclusive: New customers get US$25 of Tesla stock plus 5 additional fractional shares totaling US$50 when they fund their account (T&Cs apply).
Get started with $0 brokerage on ASX and US stocks for the first 3 months upon account opening
Selfwealth (Basic account)
$9.50
$0
ASX shares, Global shares, US shares, ETFs, Bonds
Yes
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
Invest in Australian CHESS-sponsored shares at a low cost. Get live chat support and insights from other investors to benchmark your portfolio's performance.
IG Share Trading
US$0
$0
ASX shares, Global shares, US shares, UK shares, ETFs
Yes
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian and international shares, plus get access to 24-hour customer support.
Syfe
Exclusive
Syfe
US$1.49
$0
ASX shares, US shares, ETFs
Yes
Finder exclusive: All Finder customers get a $60 cash credit when they sign up to Syfe, deposit min. $1,000 and use code FINDER60 (T&Cs apply).
Invest in 12,000+ Aussie and US stocks & ETFs, plus crypto, all in one app.
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Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

Banking products

Investment accounts

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Promoted
Savings account offer
Savings account offer
Promoted
4.75 % p.a.
max rate
0.10 % p.a.
standard variable rate
  • Maximum rate: 4.75% p.a.
  • Standard variable rate: 0.1% p.a.
  • Monthly fees: $0

Ubank Save Account

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Just some of the financial institutions we compare

Commonwealth Bank
Westpac
ANZ
NAB
Rabobank
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ING
HSBC

Australia offers powerful banking solutions.

How do you choose the best banking option for you in Australia?

Australians are used to banking with the best. The four major banks in Australia; Australia and New Zealand Banking Group (ANZ), Commonwealth Bank Of Australia (CBA), National Australia Bank (NAB), Westpac Banking Corporation (Westpac), are used to enjoying world status for offering quality banking solutions. Each of these banks has around and over AUD$70 billion in market capitalisation according to the ASX 200 List. Of course, these banking solutions do come at a cost. But, despite recent 2016 news of the increasing costs that banks are facing, Australians can still enjoy free accounts like savings accounts. The only requirement in many cases is a minimum balance or opening amount. Sometimes it's even a zero on all the usual costs, e.g. monthly fees, minimum balances, and opening balances! You can see whether Australian bank accounts will ever get as expensive as American bank accounts. Finding the cheapest savings account is of course not the only part of banking in Australia. Let's take a look at some of the best products that banks in Australia offer.

What are the types of banking solutions in Australia?

Savings accounts

  • Savings accounts will allow you to deposit money into an account so that it can accumulate interest. Although banks differ in their offerings, there are countless of savings account that won't ask any fees. With a savings account, you have more flexibility in your saving habits than term deposits, but will also generally earn lower interest.

Term deposits

High-interest savings accounts

  • While motivating you to save more money because of higher interest rates calculating daily, these accounts also offer more accessibility to your money. You can reach your savings goal quickly with a high-interest savings account.

Transaction accounts

  • Although there are many different types of transactional bank account offers from, the general purpose is to transact with your world. Transaction accounts make it possible to do EFTPOS transactions, international transactions, store and withdraw money at ATM's, debit orders, credit facilities and student banking.

Debit cards

  • Debit cards form part of transaction-based banking and will allow you to make the most of everyday purchasing. Debit cards are allocated to account holders at banks so that they can access their money in their account and buy items with it. Debit cards features are linked to the different bank accounts they represent.

Share trading

  • Although share trading isn't a bank account, it is a banking service offered by many banks as a value-added product. If you have a bank account at these banks, you can access the share trading platform and start your share trading career!

Business banking

  • A business account is one of the most powerful tools in helping you to run your business. With the right account and a streamlined online banking process, you can save on fees and score great variable interest rates whilst growing your business. Who knows, you might even get connected to a business hub to help your business grow.

Who are the big four banks in Australia?

ANZ

If you take your personal banking to ANZ, you can open many different accounts. These include everyday bank accounts, savings accounts, and term deposits. ANZ banking services are friendly to those migrating and will help to switch over to their online banking system through their online switching service. ANZ offers a solid online banking system that includes the ANZ internet banking platform. The ANZ online banking experience is also useful on mobile and will help you with your banking needs. It was the first of the Australian four to launch Apple Pay.

Commonwealth Bank of Australia

CommBank offers the largest ATM network in Australia, which makes it useful to those who often need cash available to them. They are the leaders when it comes to offering banking solutions through technology. The CommBank online banking system is called Netbank and can help you with international money transfers with support for many popular currencies.

NAB

National Bank of Australia offers flexible savings options for Australians. It often has no fees attached and when you deposit up to $250,000 in a NAB savings account, your money is protected as a part of the Australian Government guarantee. Learn more about the NAB competitive and bonus interest rates here.

Westpac

Westpac has a focus on everyday banking needs and gives its customers easy access to their money. You can use the Westpac online banking platform or Westpac mobile banking experience, while trusting in the encryption technology to keep all the communications secure. They've also added the Westpac Protect security guarantee that safeguards customers from unauthorised transactions. View the Westpac solutions that will allow you to access your money easily.

Australian banking for foreign visitors

Foreigners in Australia contribute to about 28% of the general population. With such a big representation of the total population, it is vital for banks to offer banking solutions to people that do not have official Australian citizenship. You can open a bank account in Australia if you are a student, working in Australia or are migrating to Australia. Learn more about opening a transaction account, savings account or fixed deposit if you're a foreigner in Australia.

How to apply using finder.com.au

If or when you've found an account you'd like to apply for, you can click on 'go to site' or 'open' to be taken to the bank's website. On this page you can enquire for more information, or submit an online application. The application will ask you for your personal and contact details as well as some identification, including your driver's licence number (if you have one), or your passport number. Once this information has been submitted you'll usually receive your application number and other important information within the next few business days, and will generally be able to start using your account within 5 to 7 business days.

What do you need to bank in Australia?

To open a bank account in Australia, you will need the following:

  • To apply online, 18 years and older. If you're younger than 18, you can apply at a branch or over the phone.
  • Australian residency for the normal application process. See below if you're a foreigner.
  • Basic details, including identification in the form of a birth certificate, Australian passport, or driver's licence.
  • Certain accounts might require proof of income
  • You will need a Tax File Number (TFN) if it is applicable to your current financial context

Australian financial institutions

Australia's banking industry is made up of a number of institutions, including: Small, medium and large banks A bank is a deposit taking institution. Australia has four major banks known as the 'big four' including the Australian and New Zealand Banking Group (ANZ), National Australia Bank (NAB), Commonwealth Bank of Australia (CBA) and Westpac Banking Corporation. There are a also a range of smaller banks, some of which are owned by the big four.

Credit unions, mutual banks and building societies These are member-owned banking cooperatives which are regulated in the same ways as banks, and offer the same products and services. These cooperatives aren't publicly listed and so profits go back to members and services rather than shareholders.

Australian Banking regulations

Australia has a well regulated banking industry with constant reforms aiming to make the system fairer and more transparent to consumers. The regulator for Australia's financial services system is the Australian Prudential Regulation Authority (APRA). APRA works to ensure the industry upholds prudential standards and enforces regulations when institutions do not.


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2 Responses

    Default Gravatar
    QuentinFebruary 4, 2015

    Do you have a honeymoon period?

      Avatarfinder Customer Care
      MarcFebruary 4, 2015Staff

      Hi Quentin,

      Thanks for the question.

      You can find information about honeymoon period home loans in our guide and compare them to other loans.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      Cheers,
      Marc

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