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Incentive Saver Account

*Deposit once a month and make no withdrawals

Customise your savings account summary by entering your details:

Pros:
  • Has branch access
  • Has ATM access
  • Has EFTPOS facility
  • Has no ongoing fees
Cons:

    Details & Fees

    Maximum rate
    Maximum rate
    1.75%*
    Base rate
    Base rate
    0.01%
    Account keeping fees
    Account keeping fees$0
    Internet transaction fee
    Internet transaction fee$0
    Phone transaction fee
    Phone transaction fee$0
    Eftpos fee
    Eftpos fee$0
    Overseas eftpos fee
    Overseas eftpos fee$0
    Over the counter deposit fee
    Over the counter deposit fee$0
    Over the counter withdrawal fee
    Over the counter withdrawal fee$0
    Atm withdrawal fee
    Atm withdrawal fee$0
    Is online only
    Is online only
    Has atm access
    Has atm access
    Has eftpos facility
    Has eftpos facility
    Has phone facility
    Has phone facility
    Has branch access
    Has branch access
    Minimum age restrictions
    Minimum age restrictions
    Maximum age restrictions
    Maximum age restrictions
    Minimum opening deposit
    Minimum opening deposit$1
    Linked account required
    Linked account required
    Maximum rate
    Maximum rate
    1.75%*
    Base rate
    Base rate
    0.01%
    Account keeping fees
    Account keeping fees$0
    Internet transaction fee
    Internet transaction fee$0
    Phone transaction fee
    Phone transaction fee$0
    Eftpos fee
    Eftpos fee$0
    Overseas eftpos fee
    Overseas eftpos fee$0
    Over the counter deposit fee
    Over the counter deposit fee$0
    Over the counter withdrawal fee
    Over the counter withdrawal fee$0
    Atm withdrawal fee
    Atm withdrawal fee$0
    Is online only
    Is online only
    Has atm access
    Has atm access
    Has eftpos facility
    Has eftpos facility
    Has phone facility
    Has phone facility
    Has branch access
    Has branch access
    Minimum age restrictions
    Minimum age restrictions
    Maximum age restrictions
    Maximum age restrictions
    Minimum opening deposit
    Minimum opening deposit$1
    Linked account required
    Linked account required
    Other Benefits
    Other Restrictions

    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.

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