Leading Australian Banks

Australia possesses one of the world's most stable banking environments. Current government regulation aims to ensure that crises in the distant past never be repeated. There are four primary leading banks in Australia, and all of these banks offer banking customers a long tradition of banking excellence. The four leading banks in Australia are Australia and New Zealand bank (ANZ), Commonwealth Bank, National Australia Bank and Westpac Banking Corporation.

High Interest Bank Accounts
Bank Product Interest Rate Min. Opening Balance Apply More Info
NAB NAB iSaver 4.40%5 $1+ Apply Details
Macquarie Bank Macquarie Bank Term Deposit 4.35%6 $10,000+ Apply Details
St.George St.George Power Saver 4.30%10 $1+ Apply Details
ANZ ANZ Online Saver 4.25%11 $1+ Apply Details
St.George St.George Direct Saver 3.20% $1+ Apply Details
HSBC HSBC Online Savings 0.75%2 $2,000 Apply Details

2. Deposits up to $4,999 attract an interest rate of 0.05% p.a . Deposits between $5,000 to $19,999 attract an interest rate of 0.75% p.a . Deposits between $20,000 to $49,999 attract an interest rate of 0.75% p.a . Deposits between $50,000 to $499,999 attract an interest rate of 0.75% p.a . Deposits of A$500,000 or more attract 2.25% p.a . interest rate. Interest rates are effective 09-Apr-09 and are subject to change. Terms and conditions apply and are contained in the Product Disclosure Statement and is available upon application.
3. Earn 3.25% p.a.* for every month you don't make a withdrawal.
5. Open a NAB iSaver on or before 14 August 2009 and you’ll receive a fixed bonus interest rate of 1.65% p.a. for 4 months, on top of the standard variable interest rate, currently 2.75% p.a.
6. Earn up to 4.35%p.a. for 3 to 6 months.
7. Earn up to 4.30%p.a. on a 3 month term.
8. 4 months special intro rate of 4.30% p.a.
10. Enjoy a fixed bonus interest rate* on top of your standard variable Power Saver rate for 6 months when you open a new Power Saver account between 9 April and 30 June 2009 and deposit only new funds to St.George Bank
11. Open an ANZ Online Saver by 15th August 2009 and you can get your savings off to a flying start. Enjoy bonus interest of 0.75% p.a. on top of the standard variable rate, currently 3.50% p.a., until 15th December 2009.



 

The ANZ has been operating on the since the 1830's and is one of the leading 50 banks in the world. The bank got its start in Melbourne but now boasts banking branches throughout Australia, New Zealand other countries

This is a full service comprehensive bank, and offers services in five different segments. The individual banking services feature a competitive array of the normal banking services for individual consumers. Corporate banking services are offered to larger companies, and can help facilitate business on the global scale. The rural banking sector is geared to assisting agric businesses with their banking needs, the investment banking sector offers a wide variety of investment packages for individual investors and the small business sector offers business expertise and business banking packages

ANZ bank also offers a full range of internet banking services and other communications banking services.

The Commonwealth Bank of Australia offers customers a banking tradition of excellence since 1912, and is also a full service comprehensive bank. The bank advertises 130 000 distribution points across the country and is committed to excellent access to services for all Australians. The commonwealth bank is a full service bank, and in addition to standard banking practices, excels in home loan expertise, investment management, and life insurance solutions for all Australians.

The company is proud to be one Australians largest employers, and now offers competitive wages and benefits to more than 35 000 Australians across the country. The bank has also consistently rewarded its shareholders with excellent returns befitting the strong management structure and performance of the bank.

The National Australia Bank is one of the four leading banks and offers a very solid range of banking services and expertise to its customers. The bank is also committed to being a good national citizen and has initiated a number of community benefiting programs. They are particularly focused on volunteer promotion for the benefit of all Australians.

The National Bank of Australia has proven to be another great investment and has been returning impressive gains for its shareholders. The bank has continued expansion plans. The NAB Banking group, at the time of this writing, includes the Bank of New Zealand, Yorshire Bank and MLC to name a few..

The NAB is another comprehensive service bank, and offers the programs and services that will cover all your potential banking needs. The Bank is committed to assisting first time home owners get into the right home for them.

Westpac is the final of the four leading full service comprehensive banking service providers in Australia. This bank is proud of its environmental track record, and has been a leading voice in the promotion of environmentally sustainable policies.

The bank is located in cities and towns across the country and strives to give equal access to banking services to all Australians, no matter how remote their location. The bank is also a full service internet banking provider, and their easy and secure internet banking web site has received praise form Australians thrilled with the convenience and savings that their internet banking experience is offering.

The Westpac bank is an equal opportunity employer and is proud to be one of the leading employers in Australia. Westpac is committed to service excellence and is renowned for the continuing training and staff education within the corporate structure.

Westpac has also generated strong returns for investors, and has ambitious growth plans for the next decade.

There are other banking options with HSBC and Citibank gaining ground as they offer consumers better deals, but the majority of Australians still bank with one of the leading four Australian banks. They all offer comprehensive service, boast a long tradition of excellence but generally have the highest fees of the industry.


Everyday Bank Accounts
Bank Product Monthly Fee Details Apply
ANZ ANZ Visa Debit $6 Unlimited transactions. Apply
NAB NAB Smart Visa Debit From $41 No ATM fees. Avoid monthly service fees. VISA Debit Card. Apply
St.George St.George Complete Freedom $5 No minimum balance. Internet Banking & ATM access. VISA Debit Card. Apply
St.George St.George Express Freedom $3 No minimum balance. Internet Banking & ATM access. VISA Debit Card. Apply
Suncorp Suncorp Everyday Options $5 Unlimited Suncorp transactions FREE. 24/7 access. Apply

1. Avoid the monthly account service fee with monthly deposits.



Bank Accounts
 

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Bank-accounts.com.au regularly checks leading bank account offers online, compiles a list and places these products in order of interest paid for high interest online savings accounts and term deposits. For everyday bank accounts they are in list format and not ranked in any order.

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