Could your savings
earn more?

One set of numbers, for every account

Each estimate starts with the same balance, monthly deposits and period. We add interest monthly and put your extra savings in at the end of each month. Most banks calculate interest daily, so their actual payments will differ. Rates are held unchanged for this example; they are not a forecast.

Accounts are sorted by estimated interest, highest first, before fees and tax. This is a numerical comparison, not a suitability assessment or a recommendation to switch. Enter your actual current rate to see the estimated difference. Leaving it blank does not treat your current rate as zero.

Base rates and conditional offers stay separate

Base-only mode excludes bonus and introductory interest. The conditional scenario assumes you satisfy every published requirement, including any prior-month requirements, from the start of the example. It does not check your age, residency, card purchases, withdrawals, linked accounts or deposit behaviour. Adding money here does not establish that you qualify. Read each account's conditions before using that scenario.

Supported welcome offers last for their published number of whole months, then revert to the base rate. We use balance tiers when the feed can be interpreted without guessing. Offers with overlapping bonuses, unknown welcome periods, incomplete tiers, unclear total rates or limits described only in text are excluded. Published numerical opening and balance limits must cover the whole example; otherwise we omit that account rather than assume it pays interest above a cap.

A longer view, without pretending to predict rates

Supported accounts that stay within their published balance limits can show an optional five-year illustration using their current base-rate structure. We calculate three paths: base rates stay as they are, or each base rate moves one percentage point lower or higher after the first year and then stays at that new level through year five. Rates never fall below zero in this example. Monthly deposits continue, and welcome and bonus rates are left out of this longer view. This is a stress test, not a five-year rate forecast or a promise that an account will stay available. We omit the illustration if a published balance limit would be exceeded. A higher rate today may not remain higher, so check the account regularly.

Fees can change the outcome

These figures are gross interest, not profit after costs. Published fees are available under each account. Monthly charges, linked-account costs and transaction fees are not deducted. Missing fee data does not mean an account is free. For example, an extra $40 in estimated interest would be outweighed by $60 of extra annual fees.

Coverage and freshness

We use the public product feeds in the Australian Government's CDR register. This first comparison covers supported savings products, not every account or every bank. Name and age filters exclude obvious business, child, pension and offset products, but do not establish eligibility. Unsupported products remain available in the bank directory.

Only successful bank snapshots retrieved within seven days are compared. Failed, partial, undated and older snapshots are excluded. The weekly refresh may be delayed; each account shows its actual retrieval date. Always check the provider's current terms.

No bank pays for a position in these results. Howloop does not receive a commission from these comparison links. Your inputs stay in this browser; no bank login or account connection is needed.

Sources: ASIC Moneysmart: comparing savings accounts · CDR public product data · Our calculation methods.