Compare Bank of Melbourne Savings Accounts & Rates - Best Find

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Savings amount

Term

Features

Savings account type

Savings account provider

Bank Of Melbourne Savings Accounts

Maxi Saver

Bank of Melbourne's Maxi Saver offers a base interest rates of 1.00% where interest is paid Monthly

Overview

Standard base interest rate 1.00%

Maximum rate 1.00%

Bonus rate 1.75%

Bonus minimum deposit $100

Bonus maximum deposit $1,000,000

Bonus expiry period n/a

Bonus foregone by withdrawl Yes

Maximum interest per month (approx)$4.17

Total interest over term (approx)$50.04

Interest calculated Daily

Minimum opening deposit $0.00

Interest paid Monthly

Linked accounts required Yes

Account fee $0.00

Miscellaneous

Joint access No

Online application Yes

Minimum age 18

Features

ATM access Yes

EFTPOS facility Yes

BPAY Yes

Internet facility Yes

Phone facility Yes

Cheque facility No

Branch access Yes

Salary direct credit facility Yes

Other

SponsoredNo

Data accurate as of26/10/2017

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Investment Cash Account

Bank of Melbourne's Investment Cash Account offers a base interest rates of 0.25% where interest is paid Monthly

Overview

Standard base interest rate 0.25%

Maximum rate 0.45%

Bonus rate 0.00%

Bonus minimum deposit n/a

Bonus maximum deposit n/a

Bonus expiry period n/a

Bonus foregone by withdrawl n/a

Maximum interest per month (approx)$1.88

Total interest over term (approx)$22.56

Interest calculated Daily

Minimum opening deposit $0.00

Interest paid Monthly

Linked accounts required n/a

Account fee $0.00

Miscellaneous

Joint access Yes

Online application Yes

Minimum age 18

Features

ATM access Yes

EFTPOS facility Yes

BPAY Yes

Internet facility Yes

Phone facility Yes

Cheque facility Yes

Branch access Yes

Salary direct credit facility n/a

Other

SponsoredNo

Data accurate as of26/10/2017

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Incentive Saver Account

Bank of Melbourne's Incentive Saver Account offers a base interest rates of 0.01% where interest is paid Monthly

Overview

Standard base interest rate 0.01%

Maximum rate 0.01%

Bonus rate 1.74%

Bonus minimum deposit $10

Bonus maximum deposit n/a

Bonus expiry period n/a

Bonus foregone by withdrawl Yes

Maximum interest per month (approx)$0.04

Total interest over term (approx)$0.48

Interest calculated Daily

Minimum opening deposit $0.00

Interest paid Monthly

Linked accounts required Yes

Account fee $0.00

Miscellaneous

Joint access Yes

Online application Yes

Minimum age 18

Features

ATM access Yes

EFTPOS facility Yes

BPAY Yes

Internet facility Yes

Phone facility Yes

Cheque facility No

Branch access Yes

Salary direct credit facility No

Other

SponsoredNo

Data accurate as of26/10/2017

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Complete Freedom Student

Bank of Melbourne's Complete Freedom Student offers a base interest rates of 0.00% where interest is paid Monthly

Overview

Standard base interest rate 0.00%

Maximum rate 0.00%

Bonus rate 0.00%

Bonus minimum deposit $100

Bonus maximum deposit $1,000,000

Bonus expiry period 90 days

Bonus foregone by withdrawl n/a

Maximum interest per month (approx)$0

Total interest over term (approx)$0

Interest calculated Daily

Minimum opening deposit $0.00

Interest paid Monthly

Linked accounts required Yes

Account fee $0.00

Miscellaneous

Joint access No

Online application Yes

Minimum age 18

Features

ATM access Yes

EFTPOS facility Yes

BPAY Yes

Internet facility Yes

Phone facility Yes

Cheque facility No

Branch access Yes

Salary direct credit facility No

Other

SponsoredNo

Data accurate as of26/10/2017

Hide info ˄

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Compare 100s of high interest savings accounts

Did you know you can compare 100s of savings accounts? Review the highest interest rates, calculate earnings and apply online. Compare savings accounts on our main comparison page and find the best account for your needs.

Compare and review Bank of Melbourne savings accounts

Save time and compare all the savings accounts offered by Bank of Melbourne.

You can also review and compare Bank of Melbourne term deposits and Bank of Melbourne transaction accounts.

What savings account options does Bank of Melbourne offer?

Bank of Melbourne has 4 savings account products:

  • Investment Cash Account
  • Incentive Saver Account
  • Complete Freedom Student
  • Maxi Saver

View the above table for detailed product information, interest rates, fees and calculate your potential returns.

How to apply for a Bank of Melbourne savings account?

If you’d like to apply online for a Bank of Melbourne savings account, just scroll up and click on “Learn more” to be taken to Bank of Melbourne’s secure online application form. Before you apply, be sure to learn about Bank of Melbourne’s savings account products, fees and eligibility criteria.

Give yourself around 20 minutes to complete the savings account application.

You will also need:

  • an Australian residential address
  • Accepted ID such as drivers licence and passport
  • For some savings accounts you will also need a linked transaction account
  • For some savings accounts you will need to deposit a minimum amount
  • Foreign tax residents will require a foreign tax number

Who can apply for a Bank of Melbourne savings account?

  • You must be an Australian resident with an Australian residential and mailing address
  • You must be at least 12 years or over

Bank of Melbourne savings account calculator

Want to calculate how much you could potentially earn with your Bank of Melbourne savings accounts? Just use the filter to change your deposit amounts to calculate approximate earnings. Your potential earnings are calculated and displayed in the table.

Other benefits included with Bank of Melbourne savings accounts

Below is a list of features and benefits offered by Bank of Melbourne. Note, the below features are not available with all accounts. Review the above product table to see which accounts offer which features:

  • Internet banking
  • Phone bank
  • ATM access
  • EFTPOS facility
  • Branch access
  • $0 account keeping fees

Want to get the most of your savings? Read our savings tips for Australians.