Maxi Saver Up to 5.35% p.a. for 6 months*

* Maxi Saver: If you open a Maxi Saver account and you have not held a Maxi Saver Account before and you are a personal customer, you'll earn an Introductory Fixed Rate on top of the standard variable interest rates (standard base rate and bonus rate when the bonus rate criteria is met) during the Promotional Rate Period. The Promotional Rate Period is the first 6 months from the date your account is opened. Standard variable rate will apply to all Maxi Saver accounts. Joint accounts are eligible where the primary account holder has not held a Maxi Saver account before.

Online bonus offer available from 15/05/2026 for a limited time only. Only available for new Maxi Saver accounts opened online by applicants who have never held a Maxi Saver account before. Joint accounts are ineligible for the Online bonus offer.

Offer may be varied or withdrawn at any time.

To hold a Maxi Saver account, you must also hold an eligible Bank of Melbourne transaction account in the same name and be registered for Internet and Phone Banking. If you don't already have one, set up a Complete Freedom everyday account when you open a Maxi Saver account. Fees and charges may apply on the transaction account.

 

# The $50 Cashback Promotion Terms and Conditions

This promotion runs from 9th June 2026 to 31st March 2027. 

To be eligible you must: 

- 18+ and have not held any transaction account or savings accounts with Bank of Melbourne in the last 2 years from the date the last transaction or savings account closure.  

- Open a new Complete Freedom account AND, either a Incentive Saver OR Maxi Saver. Accounts must be in the same name, activated and ready to use. 

- Make eligible purchases totalling at least $50 using the debit card linked to your account within 15 calendar days of the first account being opened. Transaction(s) must be processed (not pending) by the end of the 15th day. 

- Transaction(s) must be customer-initiated and does not include interest payments, direct debits or internal transfers between your Bank of Melbourne accounts. 

- Keep the account open for a minimum of 60 days after you meet all other eligibility criteria. 

- Hold the accounts in one name only. These accounts cannot be joint accounts.  

If you meet the above: 

- You're eligible for a one-time $50 payment. 

- The $50 payment will be made to your Incentive Saver OR Maxi Saver account within 60 days of you meeting all Terms and Conditions and eligibility criteria. 

- If you open more than one Incentive Saver or Maxi Saver account, the $50 payment will only be made once into the first savings account opened and activated. 

- This promotion may be varied or withdrawn at any time. It is not available in conjunction with any other offer unless otherwise stated. 

 

+ The BeMoved Promotion Terms and Conditions

This promotion runs from 1 June 2026 to 31 May 2028. 

Eligibility criteria:

To be eligible for the BeMoved Promotion, you must meet all of the following criteria, you must:

• Be an active Bank of Melbourne customer, holding either:
  • a Bank of Melbourne Transaction Account, or
  • a Bank of Melbourne Credit Card
• Be 18 years or older
• Be the primary account holder for a residential electricity account
• Have been with your current electricity provider at the same supply address for at least 12 months + 1 day prior to comparison
• Have an estimated annual electricity bill of less than $5,000 AUD
• Have no registered life support equipment at the supply address
• Be located in NSW, VIC, SA, ACT, TAS, or South East QLD
• Successfully connect your electricity usage data via Consumer Data Right (CDR)
• Access One Click Switch through the Bank of Melbourne designated partner link or portal

Business accounts are not eligible. Bill uploads, manual data entry or quick estimates are not eligible for this offer.

Offer details

One Click Switch offer a minimum 10% saving on your estimated annual electricity costs when you compare and switch

Savings are calculated using your actual electricity usage data from the past 12 months, accessed via CDR

Savings are based on a comparison between:

your current electricity plan, and

the cheapest eligible plan available on the One Click Switch platform at the time of comparison

If the saving identified is less than 10%, a digital gift card will be issued to cover the difference, up to a maximum value of $500 AUD

If you choose to switch to a plan that is not the cheapest available plan, the saving (or payment) will still be calculated against the cheapest eligible plan

Things you should know

Savings are calculated at the time of comparison and are not affected by future price changes from your current or new provider

Temporary credits, rebates, concessions or one‑off bill adjustments are excluded from savings calculations

You must not cancel your switch, move premises, or change plans within 75 days of your electricity switch being completed

The switch must be successfully completed and accepted by the new provider (including ID and credit checks)

Any eligible gift card will be issued within 75 days of your switch submission being reconciled

Gift cards are issued via Prezzee and are not redeemable for cash

If CDR data is unavailable, incomplete, or prevents an accurate calculation (including certain tariffs or data errors), the offer will not apply

Only one claim per household or supply address per calendar year applies

This service is free to use; standard electricity plan charges and any applicable Bank of Melbourne account fees may apply

One Click Switch may verify eligibility and reserves the right to refuse payment where misuse or data manipulation is suspected.

Bank of Melbourne and One Click Switch may change or withdraw this offer at any time.
 Eligible switches already submitted before withdrawal will be honoured in accordance with these terms.