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- Incentive Saver Account
Incentive Saver Account
- 2024 Award Winner
- Special
- Bonus interest with conditions
- Intro offer rate
- App banking
- Online banking
Add an extra 0.10% p.a. to your variable bonus rate for the first 3 months when you open online
Offer available from 17/03/2023 for a limited time only. New Incentive Saver customers only. Offer may be varied or withdrawn at any time.
Maximum rate p.a.
5.25%
Base rate p.a.
1.85%
Incentive Saver Account
- 2024 Award Winner
- Special
- Bonus interest with conditions
- Intro offer rate
- App banking
- Online banking
Maximum rate p.a.
5.25%
Base rate p.a.
1.85%
Pros and Cons
For Incentive Saver Account
Benefits
- Maximum interest rate ranked in the best 20% (conditions may apply)
- Ongoing bonus interest (conditions apply)
- Special intro rate
- No ongoing account fees
- No minimum balance
- Winner of Best Savings Account Regular Savers, RateCity Gold Awards 2024
Drawbacks
- Intro rate limited to 3 months
Bank of Melbourne Rate Savings Account overview
For Incentive Saver Account
Account Details
Maximum rate p.a.
5.25%
intro 3 months then 5.15%*
Minimum age restrictions
Base rate p.a.
1.85%
Maximum age restrictions
Maximum rate condition
*Grow your balance by at least $50 each month (...
Minimum opening deposit
$0
Interest calculation method
Whole Balance
Target Market Determination
Visit Bank of Melbourne to view Target Market Determination.
Features
Joint application available
Is online only
Linked account required
Methods of Access
Internet facility
ATM access
Phone facility
Eftpos facility
Branch access
App
App only
Fees
Account keeping fees
$0
Eftpos fee
$0
ATM withdrawal fee
$0
Overseas eftpos fee
$0
Internet transaction fee
$0
Over the counter deposit fee
$0
Phone transaction fee
$0
Over the counter withdrawal fee
$0
Other Restrictions
Visa Debit Card available for accounts opened before 12 November 2006 if you have an Australian residential address. Not available for a