What your money will be earning with a Maxi Saver variable interest rate.
What your money could earn up to with an Incentive Saver account (includes 0.20% p.a. variable base rate and a maximum variable bonus rate of 0.25% p.a.)
For balances between $1,000 and $250,000 with interest paid on maturity. As an existing Bank of Melbourne customer, you may also be eligible for a bonus rate on top of our standard rates
Conditions, fees and charges apply. These may change or we may introduce new ones in the future. Full details are available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. You should consider your Maxi Saver interest rate before transferring your funds to a new account. Transferring your funds to a new account before the Maxi Saver bonus rate expiry date may result in a lower interest rate outcome. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Unless otherwise specified, the products and services described on this website are available only in Australia from Bank of Melbourne - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.
1. Bonus interest: payable for each month the account’s monthly closing balance (excluding interest), being the day after the last business day of the previous month to the last day of the current month, has not fallen below zero and has grown compared to its opening balance as stipulated below. For customers aged 21 years and over: When you grow your account by at least $50 a month. For customers aged under 21 years: When you grow your account by $0.01 a month. (Please note, for joint accounts, both account holders must be under 21).