New research shows 80% of us are pining for a holiday. With vaccination rates up, lockdowns easing, and COVID fatigue well-and-truly here, there are various states offering vouchers to boost the tourism and hospitality sectors.

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 May 1, 2024. View disclaimer.

        State Dining Out and Travel Vouchers

        Most vouchers and incentives tend to focus on our most decimated industries - tourism, and hospitality. There’s a few states offering vouchers for dining out, as well as for travel items such as accommodation and experiences.

        Here are the details:

        New South Wales vouchers

        NSW has two schemes - 'Dine & Discover', and 'Stay & Resdiscover'. The former targets hospitality, and the latter targets accommodation.

        The last Dine & Discover vouchers expired at the end of July, however more are expected in December.

        They provided up to four, $25 vouchers (unable to be combined) to be spent on restaurants 

        Stay & Rediscover vouchers will be offered from November, providing a single $50 voucher to be spent on accommodation within the state.

        Both are open to all NSW residents aged over 18.

        More information can be found here: www.service.nsw.gov.au/stay-rediscover 

        Victoria - Regional Travel Voucher Scheme

        Victoria previously encouraged residents to head regional with the Regional Travel Voucher Scheme. However, the latest spate of lockdowns largely put the kabosh on that.

        That said, a new round of 80,000 vouchers is expected to be made available soon. 

        Previous renditions covered accommodation, sightseeing entry fees (such as museums), and tours in regional Victoria, the Yarra Ranges, and the Mornington Peninsula. So if you wanted to see where Harold Holt went missing and then stay a couple nights in Portsea, you’re in luck.

        Each voucher gave a maximum reimbursement of $200, but you needed to spend at least $400 on eligible activities (i.e. a 50% reimbursement). For accommodation you must stay a minimum two nights, and it’s limited to one voucher per household. You also must travel between the eligible periods (usually outside of school holidays).

        More information can be found here: www.vic.gov.au/regional-travel-voucher-scheme 

        Northern Territory - Territory Tourism voucher

        The Territory Tourism Voucher scheme is currently in its fourth rendition.

        From 4 October, Top End residents aged over 18 are eligible to receive up to $200, designed to be used across a host of 'experiences'. 

        Residents must contribute up to $200 of their own money to be eligible for the $200 kicker.

        An additional $200 in bonus vouchers may also be up for grabs should a resident travel more than 400km one-way for their experience.

        More information can be found here: www.tourismnt.com.au/marketing/domestic-marketing/current-campaigns/territory-tourism-voucher

        What about other states and territories?

        Other states previously offered their own various travel voucher schemes towards the tail end of 2020:

        • South Australia's ‘Great State' vouchers

        • Tasmania's ‘Buy Something Tasmanian’ scheme

        • Western Australia's ‘Wander Voucher’ program, and

        • ACT's ‘ChooseCBR’ discount scheme

        Queensland - Discover Queensland voucher 

        Queensland residents were previously offered up to $200 in travel vouchers, which expired 4 October.

        Discover Queensland also gave eligible participants a $50 voucher to explore the state.From the Whitsundays, to Noosa, to the Gold Coast.

        Savings.com.au's two cents

        Many of us are simply itching for a holiday. Unfortunately, international borders remain closed for now, but luckily there’s a lot to offer in our own backyard, with different states and territories offering incentives to get out and explore.

        However, there’s usually no free lunch with these schemes as you usually need to make a booking at least double what the voucher is worth. But, it’s for a good cause, so if you’re looking for a holiday, it’s worth considering these schemes.

        Article first published 21 January 2021, last updated 20 October 2021.

        Photo by Lochlainn Riordan on Unsplash