More than 844,000 businesses and individuals have had their JobKeeper applications processed by the Australian Tax Office (ATO), accounting for 3.5 million employees. 

The Sydney and Melbourne CBDs were the most reliant on the $1,500 fortnightly payments, totalling 10,290 and 6,693 applications respectively. 

Sydney's Liverpool and Melbourne's Hoppers Crossing are both manufacturing hubs, a sector hit hard by the pandemic, and both made the top four in applications processed.

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

Provider

400$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • Special offer: Savings Accelerator (Kick Starter offer).
  • For a limited time, new ING customers can get a bonus 0.75% p.a on their savings rate balances of $150,000 up to $500,000 for the first 4 months. T&Cs apply.
  • If your balance is over $500,000 (but less than $5 million) you will earn the ongoing variable rate of 4.20%
Disclosure

Savings Accelerator

  • Special offer: Savings Accelerator (Kick Starter offer).
  • For a limited time, new ING customers can get a bonus 0.75% p.a on their savings rate balances of $150,000 up to $500,000 for the first 4 months. T&Cs apply.
  • If your balance is over $500,000 (but less than $5 million) you will earn the ongoing variable rate of 4.20%
Disclosure
4001$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
Disclosure

High Interest Savings Account (<$250k)

  • Bonus rate for the first 4 months from account opening
  • No account keeping fees
  • No minimum balance
Disclosure
4000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • Bonus variable rate for the first 4 months on balances up to $250k and high variable ongoing rates.
  • No fees and no monthly requirements to earn interest.
  • Easily open an account online in 3 minutes.
Disclosure

Savings Account

  • Bonus variable rate for the first 4 months on balances up to $250k and high variable ongoing rates.
  • No fees and no monthly requirements to earn interest.
  • Easily open an account online in 3 minutes.
Disclosure
000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
  • Deposit $500+ per month from an external source to earn the bonus interest.
  • Tiered rates apply to savings balances.
Disclosure

Save Account

  • Deposit $500+ per month from an external source to earn the bonus interest.
  • Tiered rates apply to savings balances.
Disclosure
400$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details
Disclosure

Save Account

    Disclosure
    020000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

    HomeME Savings Account (<$100k)

      02001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

      Growth Saver

        01000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

        Virgin Money Boost Saver

          01001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

          Bonus Saver Account

            02000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

            Online Savings - Premium Saver

              01000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

              Bonus Saver

                0100$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                mySaver

                  400$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                  Simple Saver

                    4001$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                    Netsave Account

                      3000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                      Online Savings Account

                        3000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                        HSBC Everyday Savings Account

                          0501$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                          Incentive Saver Account

                            4000.01$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                            Bankwest Easy Saver

                              0500$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                              Incentive Saver Account

                                02000$product[$field["value"]]$product[$field["value"]]$product[$field["value"]]More details

                                Growth Saver Account

                                  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 June 16, 2025. View disclaimer.

                                  Important Information and Comparison Rate Warning

                                  As evidence of just how hard the tourism sector has been hit, Cairns had the most JobKeeper applications in Queensland at 3,607, well ahead of Brisbane with 3,048. 

                                  The Gold Coast, another tourism hotspot, had only 100 fewer applications than Brisbane, with Toowoomba not far behind.

                                  Other notable locations to break into the top 20 included Victoria's Dandenong, Richmond and Werribee, and New South Wales' Baulkham Hills and Gosford.

                                  Adelaide was the only South Australian postcode to feature in the top 20. 

                                  Treasurer Josh Frydenberg said Treasury estimated the unemployment would have spiked 5% higher without JobKeeper

                                  “The JobKeeper payment is an economic lifeline to millions of Australians and hundreds of thousands of businesses,” Mr Frydenberg said.

                                  “From the tourism operator in Cairns to the office worker in Sydney and the manufacturing business in Hoppers Crossing, JobKeeper is keeping businesses in business and people in jobs right across the country.

                                  “The government will continue to do what it takes to ensure that Australia bounces back stronger.”

                                  The Government has been hesitant to commit to JobKeeper continuing through to its planned 27 September end date.

                                  It announced last week JobKeeper payments for childcare workers would end 20 July, with the free childcare program to finish on 12 July. 

                                  The Treasurer said no more sectors would see measures rolled back before the JobKeeper review on 27 July. 

                                  Opposition Leader Anthony Albanese grilled the Government in questions time and said Jobkeeper needed tapering, not a hard end.

                                  “I want to see a sensible transition. I want to see as well, people emerge from this crisis with more job security, not less,” he said.

                                  Prime Minister Scott Morrison told the Parliament he would not rule out changes to the scheme.

                                  “The JobKeeper legislation does remain in place until the end of September. but where there is a better way to do things we won’t step aside from doing them in a better way,’’ Mr Morrison said.

                                  “We are now on the road back. It’s not about going further down."