Before making a decision about any of our products or services, please read all the terms and conditions and consider whether the product or service is right for you. Fees and charges apply and may change.
1. New Maxi Saver customers will earn an introductory promotional fixed bonus rate of 0.20% p.a. on top of the standard variable interest rate. The promotional rate period is the first 3 months from the date the account is opened, and the offer is available to personal customers only.
2. To be eligible for bonus interest, make a deposit to grow your account balance by at least $50 each month (or any amount if all account holders are under 21).
3. Rate is available for new/renewed Term Deposits from $1,000 to $2,000,000 for existing Bank of Melbourne personal customers only. Not available for business, corporate, institutional or government customers. Rate applies for a single term. Higher or lower rates may apply for subsequent terms. Rate is not available in conjunction with any bonus interest or other special rates offered on Bank of Melbourne Term Deposits. You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship). If the deposit or any part of it is withdrawn early, an interest rate adjustment will normally apply. Bank of Melbourne Private customers may need to contact their Relationship Manager to obtain this rate. Any discretionary rates offered above may only be available through Bank of Melbourne Internet or Mobile Banking.