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Online Savings Account

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*Make at least one weekly Tap&Go payment with your Everyday Transaction Account debit card which is processed in the same calendar month

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Pros and Cons

Pros:
  • Has no ongoing fees
  • Has no minimum balances
Cons:
  • Is online only
  • Must satisfy conditions

Features

Fees

ME Bank’s Online Savings Account has no account-keeping fees or withdrawals fees. Customers earn a low base rate, but can claim bonus interest if they have an ME Everyday Transaction Account and make at least one tap-and-go purchase per week with an Everyday Transaction Account Debit Mastercard which is processed in the same calendar month. ME also offers term deposits, home loans, personal loans, credit cards, car loans and insurance. ME Bank was founded in 1994 and is completely owned by industry superannuation funds.

 

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