86 400 previously allowed 'Save' customers up to three accounts.

The bank's savings account product currently earns a base rate of 0.10% p.a., however these accounts can reach a bonus variable rate of up to 1.20% p.a. per criteria being met.

To earn the bonus interest rate on 'Save' accounts, $200 is required to be deposited into 86 400 customer's 'Spend' or 'Save' accounts.

86 400 notes all interest is calculated daily and paid monthly.

The neobank has raised its maximum deposit allowable to receive bonus interest to $250,000 - up from $50,000.

This $250,000 can be situated in a single 'Save' account or spread across up to 10 'Save' accounts.

What's out there for savers? 

    86 400's 'Save' account lies in comparison with the likes of ING's popular 'Savings Maximiser' account, which attracts 1.35% p.a. total interest albeit with more hoops to jump through. 

    Compared to the $200 deposit required to qualify for bonus interest on 86 400 'Save' accounts, ING customers must deposit $1,000 per month and have five settled debit card transactions on their linked Everyday account.

    Recently, AMP boosted its savings account offering to match ING, offering a total ongoing rate 0.10% p.a. and a 1.25% p.a. bonus rate applicable on balances up to $250,000.

    Similar to 86 400, AMP's bonus rate applies when the customer deposits at least $250 the previous month.

    In the term deposit world, Judo Bank recently increased its five-year rate to 3.00% p.a.


    Need somewhere to store cash and earn interest? The table below features savings accounts with some of the highest interest rates on the market.

    Provider

    4000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
    • Bonus rate for the first 4 months from account opening
    • No account keeping fees
    • No minimum balance

    High Interest Savings Account (< $250k)

    • Bonus rate for the first 4 months from account opening
    • No account keeping fees
    • No minimum balance
    010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

    Savings Maximiser (<$100k)

      010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
      • Earn up to 5.40% pa by depositing $1,000 in the previous month
      • No account fees
      • Easy access to your money

      Saver Account (<$250k)

      • Earn up to 5.40% pa by depositing $1,000 in the previous month
      • No account fees
      • Easy access to your money
      4000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
      • A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking
      • No withdrawal notice periods or interest rate penalties

      Savings Account (Amounts < $250k)

      • A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking
      • No withdrawal notice periods or interest rate penalties
      05001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
      • Maximum Age - 24

      Goal Saver

      • Maximum Age - 24
      02000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
      No monthly fees
      • Download the App to open your account
      • Get better visibility of your spending within App!
      • Deposit $200 per month to activate bonus interest
      No monthly fees

      Save Account

      • Download the App to open your account
      • Get better visibility of your spending within App!
      • Deposit $200 per month to activate bonus interest
      0200$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
      • No fees or penalties for withdrawing money
      • Savings guaranteed up to $250,000
      • Maximise your savings and reach your goals faster with Auto-Savings

      Bonus Saver Account (Amounts < $250k)

      • No fees or penalties for withdrawing money
      • Savings guaranteed up to $250,000
      • Maximise your savings and reach your goals faster with Auto-Savings
      010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
      For customers aged 14-35 years
      For customers aged 14-35 years

      Future Saver Account ( < $50k)

        010000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

        Boost Saver

          Important Information and Comparison Rate Warning

          All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. Rates correct as of April 15, 2024. View disclaimer.

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