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Many ways to get you saving

Long or short term
Whether you’re saving for a birthday or a house deposit, we’ve got you covered
Flexible access or lock it away
Accounts designed for easy access to your savings or to lock them out of reach
Keep tabs online
Transfer easily between accounts and use quick balance to check your savings in a flash

Accounts to get saving

Incentive Saver

Focussed saving


Up to 0.25% p.a.


 This Reward Rate includes a base rate of 0.15% p.a.
plus a maximum variable bonus rate of 0.10% p.a. each month you qualify. View all rates and tiers.

$0 Account-Keeping Fee  


Learn more

Maxi Saver

Straight forward savings


0.25% p.a.


Introductory 3 month variable rate, which includes a fixed bonus rate of 0.20% p.a. for new Maxi Saver customers.


$0 Account-Keeping Fee  


Learn more

Term Deposits

Fixed returns


 Up to 0.25% p.a.

On balances between $1000 and $2000000 with interest paid at maturity, annually, half yearly or monthly.

View all rates.

$0 Account-Keeping Fee  


Learn more

Help me choose

Use our selector to find the accounts that best fit.


Looking for a savings account for kids?

  • You can now save money while saving penguins. Open an Incentive Saver account at your local branch for your child aged 15 or under and Bank of Melbourne will adopt a penguin on their behalf. Learn more