Best high interest savings account on Reddit
170 reviews from r/AusFinance, r/personalfinance, r/Fire and 13 more subreddits
170 reviews from
and
By Brand
/By Product
#1
Ally
3.9
(14)
"I use Ally and I really like them, I just really like the interface."
"Ally and Amex both have ones around 4.5%."
"I've had great success with both Ally and LendingClub."
"A HYSA like Ally for example is just an online bank."
"I personally use and recommend Ally."
"Ally is offerring 1.5% plus a 1% one time bonus in July."
"I really like Ally, great user experience with their web and app, great customer service."
"Marcus and Ally are both very good and consistently recommended here."
"I have multiple savings accounts with Ally and am happy with them."
"Ally is a very popular online bank with a great rate."
#2
UBank
4.1
(11)
"UBank (4.01%) and ING (4.00%) are number 1 and 2."
"Ubank at 4.01%."
"Ubank to be the best it has a 4.60% interest rate."
"I use ubank because the criteria are minimal."
"I've stuck with ubank, not the absolute highest rate but it's the easiest bonus criteria and for up to 250k."
"I’ve always been with ubank, just over 2 years now."
"Ubank and ME bank.Both give around 2.8% pa interest."
"I'm with Ubank but considering the saving account in me bank instead as it's easier to make bonus interest."
"I personally use Ubank though I'm slowly shifting funds towards the stock market in commodities and ETFs."
"UBank."
#3
Marcus
4.0
(9)
"Marcus by Goldman Sachs has been good to me."
"I switched to Marcus which offers 1.5% with no strings attached."
"I went with Marcus from Goldman Sachs. 4.3% interest yield."
"Marcus has no minimum is at 3.3% and that’s 4.3% for 3 months with referral happy to share my link"
"I just opened a Marcus account and it’s 1.7% currently."
"Alliant, Ally, Discover, Marcus, AmEx are some popular ones."
"Put the rest in Marcus afterwards!"
"Can confirm Marcus doesn’t have an app."
"One of the best ones around at the moment is a Marcus account from Goldman Sachs paying 1.5%."
#4
Macquarie
4.2
(6)
"Macquarie and their app is splendid too"
"Macquarie is pretty good."
"Macquarie doesn't have the absolute best rate but they have a great app."
"Macquarie. Been with them for about 2 years now."
"Macquarie is 4.5% for 4 months."
"I went with Macquarie because they have around 1% interest."
#5
EQ Bank
4.2
(6)
"EQ is my favourite, the app is really simple to use, and their rates don't seem to change as much as others."
"EQ Bank remains a great option."
"EQ bank for 2%APR HISA."
"EQ bank is great, and consistent at 2.3% p.a"
"EQ Bank pays 3% (regular HISA, not TFSA) but there is currently a wait list."
"EQ has the highest non-promotional rate at 2.25% right now."
#6
SoFi
4.0
(6)
"SoFi 4.6 w/ DD."
"SoFi or Marcus because I just googled it."
"My SOFI is at 3.75%."
"SoFi."
"I'm currently switching to SoFi."
"SoFi offers 3.75%. Yes it "works" but don't consider it an investment."
#7
ING
4.0
(5)
"Changed to ING, I think getting the 1.35% rate."
"I'd recommend ING. In my view, they're consistently the least-worst."
"I’m with ing it’s a good bank and savings account is 2.8%."
"I’d recommend the ING Savings Maximiser. 2.8% interest on balances up to $100k."
"I use ING personally, 2% cash back on paywave and refunded ATM fees."
#8
Capital One
4.0
(5)
"I went with Capital One checking + savings."
"Capital one has a high interest account that’s yielding well over 3%."
"Capital One 360 Performance savings account has 3.30% interest per year (what I use)"
"Capital One has a great one."
"Capital One has a savings account that is currently paying out 1.5 APY."
#9
Discover
3.8
(5)
"Discover is a great HYSA and they're paying about 1.5% right now."
"I’ve been using Discover since December and absolutely love it."
"Alliant, Ally, Discover, Marcus, AmEx are some popular ones."
"Just to throw another option in the hat, it seems Discover has stepped it up and also offering 1.9%."
"I've got Discover and Ally, but only because I'm trying to separate out money for different purposes."
#10
BOQ
4.5
(4)
"3.15pct rn. Can withdraw the money at no penalty."
"Is the highest for young people."
"I just jumped on a boq 4.75%."
"BOQ - bank of Queensland have higher interest for under 24."
#11
UOB
4.0
(4)
"Why not consider the UOB Stash Account for effective 3% up to 100k."
"If you can deposit 200k into UOB high yield account, can speak to your rm for 3.55%."
"UOB money market account ~3.58%."
"The easiest would be the UOB One account."
#12
Wealthfront
4.3
(3)
"Wealthfront is 5%, online, and has a lot of checking account features."
"Personally I use wealthfront saving account that has 3,8%."
"Wealthfront are currently offering a 3.8% HYSA."
#13
American Express
4.0
(3)
"AmEx Personal Savings has an APR of 1.7% right now - $28.33 a month or $340 a year."
"Alliant, Ally, Discover, Marcus, AmEx are some popular ones."
"American Express is also an option"
#14
UFB Direct
5.0
(2)
"UFB Direct. It’s an online bank that part of the axos financial group. Mine pays 5%."
"Just opened online with axos bank. Their online bank called UFB direct. Rates are up to 4.11%."
#15
Tyme Bank
4.5
(2)
"Tyme bank offers 8-9%. Max you can put in is around $5k though."
"Tyme bank offers 8-9%. Max you can put in is around $5k though."
#16
Lake Michigan Credit Union
4.5
(2)
"Lake Michigan Credit Union offers 3% on up to $15k."
"LMCU has 3% on up to 15k if you just through some monthly hoops."
#17
RAMS
4.5
(2)
"I second RAMS. Absolutely fantastic"
"RAMS which has good interest rate and I don't need to switch my pay to them."
#18
Alliant Credit Union
4.0
(2)
"I've been happy with Alliant credit union."
"With the local credit union, a semi-national one is Alliant Credit Union. They recently raised their rate to 1.45%."
#19
Virgin Money
4.0
(2)
"Virgin Money. 4.6%. Ongoing."
"Virgin Money has been good, comparable rate."
#20
Motive
4.0
(2)
"I'm with motive, no complaints."
"Motive has 2.80%."
#21
ING Direct
4.0
(2)
"3.5% interest rate (only up to $100k, then reverts to 2.8%)."
"I got tired of trying to keep pace with the highest so I ended up using ING Direct."
#22
CIBC
4.0
(2)
"I use CIBC, the US branch. It's fairly highly rated."
"I use CIBC, the US branch. It's fairly highly rated."
#23
Fidelity
4.0
(2)
"I am currently holding most of my cash in T-Bills through fidelity."
"Fidelity money markets are giving 3.5-4.14% right now."
#24
Apple
4.0
(2)
"Apple savings account at 4.5%."
"Apple is paying 4.5% and it’s easy as hell."
#25
Maribank
3.5
(2)
"Maribank! 2.88% no salary or spend requirement."
"Maribank for the most fuss free 2.88% ever."
#26
Ally Bank
3.5
(2)
"I personally use Ally bank which is solely online and they also have a 1.5 rate."
"Ally Bank offers 1.05% on their savings."
#27
Westpac
3.5
(2)
"Westpac under 30 everyday account with a savings account can get you up to 3%p.a."
"Have a look at the Westpac life savings account for people aged 18-29. 3% assuming you meet their conditions."
#28
Barclays
3.0
(2)
"1.49% at Barclays just opened it this week for our emergency fund."
"Barclay's is great. 1% savings account."
#29
Rabobank
5.0
(1)
"RABOBank are doing 5% intro rate for 4 months no min monthly deposit"
#30
Alliant, Ally, AmEx, Discover, Marcus
5.0
(1)
"Alliant, Ally, AmEx, Discover, Marcus are 5 popular ones."
#31
Union Savings
5.0
(1)
"Got a mailer for Union Savings, 4.75% for 0-$25k, 5% for over $25k."
#32
Juno
5.0
(1)
"Juno offering 5% on up to 25k."
#33
Motive Financial
5.0
(1)
"I settled on Motive Financial due to its superior interest rate (2.25%)."
#34
Digital FCU
5.0
(1)
"Digital FCU pays 6% on your first $1000 in savings."
#35
Motusbank
5.0
(1)
"Motusbank is my new favourite. recently made by Meridian, im getting 2.5% interest in my TFSA"
#36
RAMS Saver
5.0
(1)
"Have a look at RAMS Saver. It’s consistently one of the higher earning HISAs"
#37
TOIXX
5.0
(1)
"My go to fund for this is TOIXX. 5.21% yield."
#38
Kemba Credit Union
5.0
(1)
"Kemba Credit Union 4.75% Money Market special available through March."
#39
Goldman Sachs
5.0
(1)
"Goldman Sachs (Marcus) Savings account. No minimums and 1.5% annual rate."
#40
Kemba CU
5.0
(1)
"Kemba CU is offering a special through end of Feb. to open the home savings with them."
#41
Kasasa
5.0
(1)
"They pay 3% up to $10,000."
#42
Trading 212
5.0
(1)
"Trading212 offers 4.20%."
#43
Bread Financial
5.0
(1)
"Bread Financial is 5.05%."
#44
Ivy Bank
5.0
(1)
"Ivy bank, 5.3%."
#45
Discover Bank
5.0
(1)
"I've used Discover Bank for years and been very happy."
#46
iBonds
5.0
(1)
"Look into iBonds on treasuryDirect! 7ish% interest."
#47
PrizePool
5.0
(1)
"I use PrizePool and really like it. I only keep like 30k in that account but it's a 4.5% minimum ROI."
#48
DCU
5.0
(1)
"DCU. They offer 6.17% APY on balances up to $1000."
#49
Commonwealth Bank
5.0
(1)
"Their interest rate is approx 5%."
#50
ubank, rams, ing
4.0
(1)
"There are numerous providers with good rates. Eg. ubank, rams, ing, etc."
#51
Alliant
4.0
(1)
"Alliant, Ally, Discover, Marcus, AmEx are some popular ones."
#52
Credit Unions
4.0
(1)
"Check out credit unions near you, they usually have the best rates."
#53
Citibank
4.0
(1)
"I’m 2 months into a 4.8% 4 month cap with Citibank."
#54
Third Federal
4.0
(1)
"Third Federal has 5.40% CD."
#55
Salem Five
4.0
(1)
"I use Salem Five which gets 4.1% up to 1 million."
#56
B2B Bank
4.0
(1)
"B2B Bank - HISA at 3.3%."
#57
OCBC
4.0
(1)
"Ocbc 360 is now 2% per annum."
#58
TrustBank
4.0
(1)
"TrustBank has 3% for balances more than 100k up to 500k."
#59
Robinhood
4.0
(1)
"Robinhood does 4% for gold members."
#60
SC JumpStart
4.0
(1)
"You can sign up for SC JumpStart (2%/annum) up to $20k."
#61
EQ
4.0
(1)
"I prefer EQ over the others because of it’s chequing features."
#62
Alterna Bank
4.0
(1)
"I recommend Alterna Bank, EQ Bank or Motus Bank."
#63
Greater Building Society
4.0
(1)
"Greater building society. Always has great interest rates."
#64
Mozo.com.au
4.0
(1)
"Mozo.com.au is a good go - sus it out. It's an aggregator of various financial products."
#65
Mebank
4.0
(1)
"Mebank currently at 4.1, but I think it's just for four months."
#66
Rams
4.0
(1)
"I think is pretty good in terms of the interest rate."
#67
Telhio
4.0
(1)
"Telhio has a 4% Money Market Account."
#68
FFB
4.0
(1)
"FFB has a 4.75% money market account."
#69
Edward Jones
4.0
(1)
"Edward Jones money market is paying 4.4%."
#70
Bankwest
4.0
(1)
"It pays 4.00% interest provided you deposit $200 per month."
#71
AMEX
4.0
(1)
"I got 3.68% with AMEX HYSA."
#72
CFG Bank
4.0
(1)
"CFG Bank has a HYSA thats over 4% APY currently."
#73
Vanguard
4.0
(1)
"You can currently get a slightly higher APR on the Vanguard core money market account."
#74
Goal Saver
4.0
(1)
"Goal Saver with Commonwealth is not too bad."
#75
Trade Republic
4.0
(1)
"Trade republic pays 3.5%."
#76
Myinvestor
4.0
(1)
"Myinvestor has 3 month deposits at 3.25% interest."
#77
Bank Norwegian
4.0
(1)
"Bank Norwegian 3.45%."
#78
Bankinter
4.0
(1)
"Bankinter has a new deal that seems quite good with a 3.25% without limit."
#79
Revolut
4.0
(1)
"Revolut offers savings."
#80
HSAV
4.0
(1)
"There's HSAV. Yields around 5%."
#81
Segregated
4.0
(1)
"Segregated will give you more return than GIC."
#82
DBS
3.0
(1)
"I personally use combination of DBS Multiplier."
#83
Bank of Queensland
3.0
(1)
"BOQ @ 4.75% is limited to 50k and you have to be under 35."
#84
NAB
3.0
(1)
"NAB reward saver. 2.5% as long as you make at least one deposit per month."
#85
Rabo
3.0
(1)
"I don't think its the highest interest now but it was pretty good."
#86
Peoples Trust
3.0
(1)
"Peoples Trust 2.1%."
#87
Questrade
2.0
(1)
"Seems like a waste of TFSA room to just put it in a high interest savings account."
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