Compare bank accounts

If you're looking for a new everyday transaction account, or a great savings or deposit investment deal, compare rates, fees and features on 45 accounts below. Choose from Australian providers including Westpac, Commonwealth Bank, HSBC, Citibank, Macquarie Bank and apply direct.

The table below provides details about the interest rates, monthly fees and other features of some bank accounts currently available in the market. To find out more about each account and to compare bank accounts, simply tick the box of the accounts you would like to take a closer look at and then click the 'Compare' button.

Remember when comparing bank accounts on MoneyBuddy that while we have many listed we don't have every product or provider and you may not be able to compare some bank account features.

The list below is not to be taken as a recommendation or an endorsement of any product or provider. We do not have any details of your personal circumstances and therefore are unable to make a recommendation as to which product might be most suitable for you. The information is presented to you so that you may make a decision based on your personal circumstances. The information in the list is presented randomly.

All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing. MoneyBuddy endeavours to keep product information up to date however we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. We recommend that you check the accuracy of all information provided on this website with the product provider. MoneyBuddy earns a referral fee from redirecting website users to a product provider's website. Further details are provided in relation to specific product information. Website users have no obligation to apply for a product or service that they may be referred to by this website.

Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Different types of bank accounts

Depending on what you need your bank account for, there are many different types of bank accounts available. They include savings accounts, transaction accounts and term deposits. Each type of account serves a different purpose, earns different rates of interest, has different fees and gives you different access to your money. Below is a summary of each type of bank account.

Transaction Bank Accounts

Transaction bank accounts are usually associated with your everyday banking tasks like payments, transfers, deposits and withdrawals. With most financial institutions they usually offer a wide range of features, including online banking, ATM access, and the ability to make transfers and payments. The fee structure will vary based on the product and the bank. Most banks and credit unions will offer more than one type of transaction account, so it's important to compare the features thoroughly so you can get one that suits you. Banks usually list all the details on their website and it may be worth talking to them to get some assistance if you're confused.

Savings Bank Accounts

These accounts are designed for those wanting to earn interest on savings. Depending on your bank and the savings account you choose, you may not have instant access to the funds - sometimes you have to transfer money into your transaction account before you can use it. The interest rate on savings accounts is generally higher when compared to a regular transaction bank account, but of course check the specific details of the products you are comparing. Also look for features which may inhibit you earning interest, for example if you make a withdrawal within a month.

Term Deposit Bank Accounts

Term deposit bank accounts lock your money away for a set period of time at a set interest rate. So regardless if general interest rates rise or fall, you'll be locked in to receiving the agreed term deposit amount. Term deposits usually have significant restrictions on how you can access your money. If you change your mind and decide to withdraw some money out of the term deposit before the agreed term has finished, then you will usually lose all the interest benefits earned on the account. Term deposits usually last from several months up to 5 years.

Compare Bank Accounts

When you are going to compare bank accounts there are many features you can keep an eye out for. These features include interest rates, monthly fees, transaction fees minimum balance requirements, maximum allowable balance and if there is a term of commitment. You might also want to consider if the bank account offers you ATM access, phone banking, internet banking, branch access and even a smartphone application. Keep in mind that not all these features can be compared on MoneyBuddy, so make your own full inquiries before applying for any product. Good luck with finding your next bank account!

My shortlist

You can shortlist products here & email them later.

No products currently shortlisted.

Search

What are you looking for?

What type of account?

more options > Search Plan

Special offers

Find a mortgage broker

Enter your location to find a professional near you.

home > compare bank accounts > bank accounts