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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.