Compare 5 Star Savings Accounts with Canstar

Canstar researched, assessed and rated 49 savings accounts across 11 providers on a range of product prices and features, including interest rates, accessibility, fees, rebates and account security.

Read Canstar’s free report on savings and transaction accounts

What are Canstar’s 5 Star savings accounts for 2020?

Because people are different in the way they save, Canstar’s researchers rate products based on two consumer profiles:

1. Flexible Saver
2. Regular Saver

Flexible Saver

If you’re a flexible saver, you are likely to want your money to be working hard in your savings account, without the restriction of withdrawal fees or additional conditions.

Below, you’ll see the Flexible Saver accounts that have been awarded a 5 Star rating by Canstar in 2020.

Note: To be eligible, the account must offer a base rate of 0.05% or higher on a balance of $10,000.

Regular Saver

To be a regular saver, you are probably pretty dedicated to growing your savings and are willing to meet stricter conditions, such as minimum deposit amounts, to achieve higher levels of interest on your savings.

Below you’ll see the Regular Saver accounts that have been awarded a 5 Star rating by Canstar in 2020:

How does Canstar award providers for savings accounts?

The award-winning accounts listed above provide outstanding value for different types of savings account holders.

Read Canstar’s detailed savings and transaction star ratings methodology for more information about what makes a 5 Star rated savings account.

Discover more about the Savings Account Star Ratings with Canstar’s latest report

Find out how each savings account compared