Bank of Melbourne

Bank of Melbourne offers a range of savings account options, none of which have monthly fees. Maxi Saver is a standard account that pays bonus interest for the first three months. Incentive Saver has a base rate of 0.01 per cent, but pays bonus interest in any month that customers make no withdrawals and at least one deposit. Complete Freedom Student is for under-18s and full-time tertiary students; it’s free to make withdrawals with ATMs, EFTPOS and Visa Debit, but the account pays no interest. Bank of Melbourne is part of the Westpac Group.

Bank of Melbourne savings account repayment calculator

Thinking about taking out a savings account with Bank of Melbourne? Use our savings account calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Bank of Melbourne savings account compare with various products.

Investing your money into a savings account is an effective strategy. This calculator is designed to help you achieve your savings goal faster. See how fast your savings can grow with regular deposits.

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