Savings Accounts | Bank of Melbourne

Many ways to get you saving

Save monthly, don’t withdraw and we’ll reward your dedication

Access anytime and keep earning interest

Choose a timeframe. Deposit your money. Know the outcome

Product compare for Incentive Saver, Maxi Saver and Term Deposits
Incentive Saver	Maxi Saver	Term Deposits
Focused saving Up to 1.75% p.a. The reward rate is a combination of the bonus variable rate of 1.74% p.a. and a base variable rate of 0.01% p.a. $0 monthly service fee	Straight forward savings 2.80% p.a. Introductory 3-month variable rate, which includes a fixed bonus rate of 1.80% p.a. for new Maxi Saver customers. $0 monthly service fee	Fixed returns 2.55% p.a. For 12 months on balances between $1,000 and $250,000 with interest paid on maturity. View all rates. $0 monthly service fee
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Incentive Saver

Focused saving

Up to 1.75% p.a.
The reward rate is a combination of the bonus variable rate of 1.74% p.a. and a base variable rate of 0.01% p.a.

$0 monthly service fee

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Maxi Saver

Straight forward savings

2.80% p.a.
Introductory 3-month variable rate, which includes a fixed bonus rate of 1.80% p.a. for new Maxi Saver customers.

$0 monthly service fee

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Term Deposits

Fixed returns

2.55% p.a.
For 12 months on balances between $1,000 and $250,000 with interest paid on maturity. View all rates.

$0 monthly service fee

Learn more