If you are looking for a high interest savings account then now is the perfect time for you to get yourself a bargain. Competition between the Australian banks is fierce with more special offers than ever before. Banks such as Bankwest, Suncorp, HSBC, Members Equity and St George are offering high rate savings that give you upwards of eight percent return on your money. If you compare the top savings account deals in Australia you will be sure to find an account that suites your needs.

Bankwest have two options if you are looking for a high interest rate savings offer. Currently Bankwest are offering the Telenet Saver and TD Direct accounts that give you eight percent and severn percent respectively for your money. Along with the high interest rate Bankwest also give you low monthly fees and a low minimum deposit amount to get you started. This is one of the reasons Bankwest savings accounts has been voted the best savings account in Australia for two years in a row.

Members Equity have entered the high interest rate war with its flagship offer the Members Equity Online Savings Account. This ME savings deal gives you a competitive interest rate of over 6 percent along with a zero dollar monthly fee and zero dollar minimal deposit.

HSBC is one of the worlds largest and respected banks and for Australia they have introduced the HSBC Serious Saver Account that gives you the professional service of HSBC along with a high interest rate of over 6 percent per annum. The Serious Saver account has no monthly fees and a minimum deposit of zero dollars.