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Maxi Saver FAQs

Maxi Saver

Save faster with a competitive interest online savings account with the ability to have branch access.1

  • Access and manage your funds via Internet and Phone Banking through your Bank of Melbourne, BankSA or St.George working account 24/7.1
  • Earn competitive interest on every dollar.
  • Make savings simple by setting up a regular transfer from your eligible working account using scheduled payments within Internet banking.
  • No minimum monthly balance or deposit required, making it easy for you to start saving.
  • No monthly service fee.2
  • Access your funds via Branch if required.2
  • For personal customers only. Business customers can open a Business Access Saver. Or for your Self Managed Super Fund, open a DIY Super Saver Account.

 

Apply Now

Competitive variable interest online account

  • New Maxi Saver customers can earn up to  p.a. including a bonus  p.a. which is fixed for the first 4 months3

 

Save on Fees

  • No monthly account service fees.2

Save faster

  • Make savings simple by setting up a regular transfer from your eligible working account using scheduled payments within Internet banking.

Compare

Easy Access

You’ll save faster with Maxi Saver

  • Earn a competitive variable interest rate on your savings
  • Pay no monthly account service fees on your Maxi Saver account – every dollar you save is your own
  • Establish a savings plan using scheduled payments within Internet Banking

Calculate your savings to reach a goal!

Get easy access to your money

Transfer funds and make deposits any time – just link Direct Saver to an eligible everyday banking account in Australia.

Maxi Saver - How it works

Maxi Saver
Monthly account service fee $0
Number of free withdrawals per month N/A
Transaction fees for everyday banking - Where a relevant Free monthly withdrawal allowance applies, these transaction fees are payable per transaction after the allowance has been exceeded.
Internet Banking transactions Free
Phone Banking transactions Free
Bank of Melbourne / St.George / Westpac / BankSA ATMs (in Australia) N/A
Electronic agency N/A
Staff assisted $2.50
Bank@PostTM N/A
EFTPOS N/A
Cheque N/A
Transaction fees - Free monthly withdrawal allowances do not apply to these fees
Direct Debit N/A
Periodical Payment N/A
Overseas Cash Withdrawal (including overseas ATM withdrawal) N/A
Bank of Melbourne / St.George / BankSA ATM Mini transaction history request N/A
Frequent Statement(per month) $2.00
Foreign Currency conversion 3.0%
Collection item Free

Interest rates

Balance Standard base variable rate Bonus for new Maxi Saver customers3 Earn up to3
Balances up to $5,000,000.00  p.a.  p.a. for 4 months  p.a
On the portion of the balance over $5,000,000.00  p.a.  p.a. for 4 months  p.a

If you open a new Maxi Saver account between and , and you have not held a Maxi Saver account before and you are a personal customer, you'll earn an extra bonus of pa on top of the standard variable Maxi Saver rate during the Promotional Rate Period. The Promotional Rate Period is the first 4 months from the date your account is opened.

Apply online

Call us

  • 13 22 66, Monday to Saturday and say “New account” when prompted

What you'll need

  • Contact details (address, phone number, email address)
  • The BSB and account number of your linked everyday banking account

Tips

The Detail

Conditions and fees apply.

View the terms and conditions:

Please read these documents and keep a copy. You can request a paper copy at a branch.

The information on our website is prepared without knowing your personal financial circumstances. Before you act on this information, please consider if it’s right for you. 

1.Subject to system availability.
2. Maxi Saver has no monthly account service fee but other fees and charges apply, including for branch access. To hold a Maxi Saver account you must also hold an eligible Bank of Melbourne working account in the same name or have an existing eligible Bank of Melbourne joint account with your name included in the title. Fees and charges may be payable on your eligible working account.
3.If you open a new Maxi Saver account and you have not held a Maxi Saver account before and you are a personal customer, you'll earn an extra bonus of pa on top of the standard variable Maxi Saver rate during the Promotional Rate Period. The standard variable Maxi Saver rate may be changed at any time but the fixed bonus rate will not change while it applies. The Promotional Rate Period is the first 4 months from the date your account is opened.