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Easy banking for retirees

Competitive interest
Interest paid monthly and calculated daily depending on total balance
Convenient support
Our friendly staff are on hand to help you in any of our branches and over the phone
Fraud money back guarantee
We’ll refund you 100% of any money taken from your account if you’re a victim of fraud provided you let us know right away1
$0 account-keeping fee
No minimum monthly deposit required


Easy access to your money at home and overseas

Visa Debit Card

With a Visa Debit card you can use your own money to shop instore, online or over the phone. Heading overseas? You can also use your card while you’re away – from tickets and accommodation to shopping anywhere in the world visa is accepted.


Mobile Banking

Manage your money on the go with the Bank of Melbourne mobile banking app. Not only can you check your account balance with just a swipe, you can also transfer money between accounts or to someone else, find your nearest ATM and keep tabs on your transactions.


Shop through ShopBack. Get Cashback.

Link and pay with your eligible Bank of Melbourne debit card to get exclusive bonus Cashback when you shop on the new Bank of Melbourne Lounge on the ShopBack app.

New to ShopBack? Join ShopBack and link your eligible Bank of Melbourne card to get $30 bonus Cashback into your ShopBack account when you make your first purchase of $20 or more. Offers ends 15 August 2024. 

Eligibility, T&Cs apply. New ShopBack customers only. Cashback paid into ShopBack account.

Interest rates

0.30% p.a.

Balances up to $9,999.99

1.50% p.a.

On the part of the balance between $10,000.00 to $49,999.99

1.85% p.a.

On the part of the balance between $50,000.00 to $249,999.99

2.30% p.a.

On the part of the balance $250,000 or over

In detail

Before making a decision, please read the terms and conditions and ensure you're aware of all fees and charges.

The Detail

1.Our Bank of Melbourne Fraud Money Back Guarantee ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted Bank of Melbourne promptly. Refer to your card’s conditions of use for full details, including when a customer will be liable.
Read the  Apple Pay Terms and Conditions (PDF 31KB) before making a decision and consider if it is right for you. To use Apple Pay you will need an eligible card and a compatible device with a supported operating system. See our  Apple Pay FAQs for more information. Apple, the Apple logo, Apple Pay, Apple Watch and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.