Important disclosure

Bank of Melbourne

Maxi Saver

Real Time Rating™

  • Intro offer rate
  • App banking
  • Online banking
  • Linked account required

special

Get a total introductory rate of 4.1% p.a. Open an account online and earn an extra 0.10% p.a. for the first 3 months

Only for new to Maxi Saver customer. The online offer total introductory rate is a combination of the standard variable rate of 0.85% p.a., a fixed bonus rate of 3.15% p.a. and an online bonus rate of 0.10% p.a. Offer available for a limited time only. New Maxi Saver customers only. Offer may be varied or withdrawn at any time.

Maximum rate

5.35%

p.a

intro 3 months then 1.45%

Base rate

1.10%

p.a

Real Time Rating™
Tags
  • Intro offer rate
  • App banking
  • Online banking
  • Linked account required
Maximum rate

5.35%

p.a

intro 3 months then 1.45%

Base rate

1.10%

p.a

Pros and cons

For Maxi Saver

Benefits

  • Maximum interest rate ranked in the best 20% (conditions may apply)
  • Ongoing bonus interest (with no conditions)
  • Special intro rate
  • No ongoing account fees
  • No minimum balance

Drawbacks

  • Intro rate limited to 3 months
  • Only available with linked transaction account

Bank of Melbourne Rate Savings account overview

For Maxi Saver

Account Details

Maximum rate

5.35%

p.a

intro 3 months then 1.45%

Minimum age restrictions

0

Base rate

1.10%

p.a

Maximum age restrictions

Maximum rate condition

Not applicable

Minimum opening deposit

$0

Interest calculation method

Tiered

Target Market Determination

Visit Bank of Melbourne to view Target Market Determination.

Features

Joint application available

Is online only

Methods of Access

Internet facility

ATM access

Phone facility

Eftpos facility

Branch access

App

App only

Fees

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

Specials
  • Other Get a total introductory rate of 4.1% p.a. Open an account online and earn an extra 0.10% p.a. for the first 3 months
    Only for new to Maxi Saver customer. The online offer total introductory rate is a combination of the standard variable rate of 0.85% p.a., a fixed bonus rate of 3.15% p.a. and an online bonus rate of 0.10% p.a. Offer available for a limited time only. New Maxi Saver customers only. Offer may be varied or withdrawn at any time.

Promoted savings accounts

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Macquarie Savings Account

Real Time Rating™
  • Intro offer rate
  • App banking
  • Online banking
  • Linked account required

2024 Award Winner

Maximum rate

5.35%

p.a

Base rate

4.75%

p.a

Promoted

High Interest Savings Account

Real Time Rating™
  • Intro offer rate
  • Online banking

2024 Award Winner

Maximum rate

5.75%

p.a

Base rate

4.40%

p.a

Promoted

Reward Saver

Real Time Rating™
  • Bonus interest with conditions
  • Intro offer rate
  • App banking
  • Online banking

*Deposit at least $50 and make and no withdrawals per month

Maximum rate

5.25%

p.a

Base rate

Not Applicable

Promoted

Westpac Life - 18 to 29 years old

Real Time Rating™
  • Bonus interest with conditions
  • App banking
  • Online banking
  • Linked account required

2024 Award Winner

*Make a deposit and make 5+ purchases on your Westpac Choice account each month

Maximum rate

5.20%*

p.a

Base rate

2.00%

p.a