Savings

Alex gets you a fee free, high yield savings account.

Savings & transaction accountsBank updated 13 May 2026

At a glance

Base rate: 4.50%

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

Typical 2.25%

0%1%2%3%4%

This account: 4.50%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

Rate	This account	Best anywhere	Typical institution	Where it sits
No bonus conditionsPaid whatever you deposit or spend	4.50%	4.80%MoveBank's Online Saver	2.25%of 61 institutions	5th highest of 61, level with 4 others

Rates

The one rate Alex Bank publishes for this account.

Type	Applies to	Term	Band	Rate	Comparison	Conditions
Variable	-	-	-	4.50%	-	paid every 1 mo

Fees

One fee published, grouped by when they're charged.

While you hold it1

Account Keeping Fee
No fee

Features

Digital bankingUnlimited transactions

Pay Anyone (Direct Entry)

Eligibility and limits

Minimum age 18
Residency: Applicants must hold valid Australian Photo ID (Drivers Licence or Passport)
Available to individuals

Compare it with others

All savings & transaction accounts Other Alex.Bank savings & transaction accounts Everything Alex.Bank publishes

Put this product through a calculator

Published by Alex.Bank under the Consumer Data Right, last changed by them on 13 May 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.