Bank of Melbourne savings and bank accounts

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Bank of Melbourne savings accounts, bank accounts and term deposits

Bank of Melbourne savings accounts

20 of 23 results

Finder Score	Maximum interest rate	Base interest rate	Max rate type & duration	Monthly Max Rate Conditions	Table Description
Finder score 9 Excellent Bank of Melbourne Incentive Saver	Finder score 9 Excellent	Maximum Variable Rate p.a. 5.4%	Standard Variable Rate p.a. 0.01%	Intro/Ongoing Ongoing rate (conditions apply)	Monthly Max Rate Conditions Grow balance by $50 ($0.01 if under 21) Balance $0 to $10,000,000	Cashback: Get $50 cashback when you open a new Incentive Saver Account and Complete Freedom Account and spend at least $50 on your debit card within 15 days of opening. New customers only. Ends 31 March 2027. T&Cs apply.		View details Compare product selectionCompare	loading
Finder score 7.3 Great Bank of Melbourne Retirement Access Plus	Finder score 7.3 Great	Maximum Variable Rate p.a. 2.9%	Standard Variable Rate p.a. 2.9%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance from $250,000		View details Compare product selectionCompare	loading
Finder score 6.8 Standard Bank of Melbourne Maxi Saver	Finder score 6.8 Standard	Maximum Variable Rate p.a. 5.6%	Standard Variable Rate p.a. 1.25%	Intro/Ongoing 3 month intro rate	Monthly Max Rate Conditions No deposit or withdrawal conditions New accounts only	Cashback: Get $50 cashback when you open a new Maxi Saver Account and Complete Freedom Account and spend at least $50 on your debit card within 15 days of opening. New customers only. Ends 31 March 2027. T&Cs apply.		View details Compare product selectionCompare	loading
Finder score 6.8 Standard Bank of Melbourne Retirement Access Plus	Finder score 6.8 Standard	Maximum Variable Rate p.a. 2.3%	Standard Variable Rate p.a. 2.3%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $50,000 to $249,999		View details Compare product selectionCompare	loading
Finder score 6.3 Standard Bank of Melbourne Retirement Access Plus	Finder score 6.3 Standard	Maximum Variable Rate p.a. 1.95%	Standard Variable Rate p.a. 1.95%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $10,000 to $49,999		View details Compare product selectionCompare	loading
Finder score 5.9 Standard Bank of Melbourne Business Access Saver	Finder score 5.9 Standard	Maximum Variable Rate p.a. 1.45%	Standard Variable Rate p.a. 1.45%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance from $1,000,000		View details Compare product selectionCompare	loading
Finder score 5.7 Standard Bank of Melbourne Business Access Saver	Finder score 5.7 Standard	Maximum Variable Rate p.a. 1.3%	Standard Variable Rate p.a. 1.3%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions N/A		View details Compare product selectionCompare	loading
Finder score 5.7 Standard Bank of Melbourne Business Access Saver	Finder score 5.7 Standard	Maximum Variable Rate p.a. 1.3%	Standard Variable Rate p.a. 1.3%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions N/A		View details Compare product selectionCompare	loading
Finder score 5.3 Standard Bank of Melbourne Business Access Saver	Finder score 5.3 Standard	Maximum Variable Rate p.a. 0.75%	Standard Variable Rate p.a. 0.75%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions N/A		View details Compare product selectionCompare	loading
Finder score 5.2 Standard Bank of Melbourne Business Access Saver	Finder score 5.2 Standard	Maximum Variable Rate p.a. 0.55%	Standard Variable Rate p.a. 0.55%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions N/A		View details Compare product selectionCompare	loading
Finder score 5.2 Standard Bank of Melbourne Business Access Saver	Finder score 5.2 Standard	Maximum Variable Rate p.a. 0.55%	Standard Variable Rate p.a. 0.55%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions N/A		View details Compare product selectionCompare	loading
Finder score 5.2 Standard Bank of Melbourne Business Access Saver	Finder score 5.2 Standard	Maximum Variable Rate p.a. 0.55%	Standard Variable Rate p.a. 0.55%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions N/A		View details Compare product selectionCompare	loading
Finder score 5.2 Standard Bank of Melbourne Business Access Saver	Finder score 5.2 Standard	Maximum Variable Rate p.a. 0.55%	Standard Variable Rate p.a. 0.55%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions N/A		View details Compare product selectionCompare	loading
Finder score 4.7 Basic Bank of Melbourne Investment Cash Account	Finder score 4.7 Basic	Maximum Variable Rate p.a. 0.1%	Standard Variable Rate p.a. 0.1%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $250,000 to $499,999		View details Compare product selectionCompare	loading
Finder score 4.7 Basic Bank of Melbourne Investment Cash Account	Finder score 4.7 Basic	Maximum Variable Rate p.a. 0.1%	Standard Variable Rate p.a. 0.1%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance from $500,000		View details Compare product selectionCompare	loading
Finder score 4.7 Basic Bank of Melbourne Investment Cash Account	Finder score 4.7 Basic	Maximum Variable Rate p.a. 0.1%	Standard Variable Rate p.a. 0.1%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $100,000 to $249,999		View details Compare product selectionCompare	loading
Finder score 4.7 Basic Bank of Melbourne Investment Cash Account	Finder score 4.7 Basic	Maximum Variable Rate p.a. 0.1%	Standard Variable Rate p.a. 0.1%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $5,000 to $9,999		View details Compare product selectionCompare	loading
Finder score 4.7 Basic Bank of Melbourne Investment Cash Account	Finder score 4.7 Basic	Maximum Variable Rate p.a. 0.1%	Standard Variable Rate p.a. 0.1%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $10,000 to $19,999		View details Compare product selectionCompare	loading
Finder score 4.7 Basic Bank of Melbourne Investment Cash Account	Finder score 4.7 Basic	Maximum Variable Rate p.a. 0.1%	Standard Variable Rate p.a. 0.1%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $50,000 to $99,999		View details Compare product selectionCompare	loading
Finder score 4.7 Basic Bank of Melbourne Investment Cash Account	Finder score 4.7 Basic	Maximum Variable Rate p.a. 0.1%	Standard Variable Rate p.a. 0.1%	Intro/Ongoing Ongoing rate	Monthly Max Rate Conditions No deposit or withdrawal conditions Balance $0 to $4,999		View details Compare product selectionCompare	loading

Showing 20 of 23 results

How the Finder Score helps you find a better savings account

The Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.

We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?

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Bank of Melbourne bank accounts

5 of 5 results

Finder Score	Monthly fee	Own network ATM fee	International transaction fee	International ATM Fee
Finder score 9.2Excellent Bank of Melbourne Complete Freedom Account Apple PayGoogle PaySamsung Pay	Finder score 9.2Excellent	Monthly fee $0	Own network ATM fee $0	International transaction fee 3%	$5	Cashback: Get $50 cashback when you open a new Complete Freedom Account and an eligible savings account (Incentive Saver or Maxi Saver) and spend at least $50 on your debit card within 15 days of opening. New customers only. Ends 31 March 2027. . T&Cs apply.	View details Compare product selectionCompare	loading
Finder score 8.8Great Bank of Melbourne Complete Freedom account - Young Adults & Students Apple Pay Google Pay Samsung Pay	Finder score 8.8Great	Monthly fee $0	Own network ATM fee $0	International transaction fee 3%	$5 + 3%	View details Compare product selectionCompare	loading
Finder score 8.8Great Bank of Melbourne Complete Freedom Account - High Schoolers Apple Pay Google Pay Samsung Pay	Finder score 8.8Great	Monthly fee $0	Own network ATM fee $0	International transaction fee 3%	$5	View details Compare product selectionCompare	loading
Finder score 9.2Excellent Bank of Melbourne Concession Apple PayGoogle PaySamsung Pay	Finder score 9.2Excellent	Monthly fee $0	Own network ATM fee $0	International transaction fee 3%	$5	View details Compare product selectionCompare	loading
Finder score 7.6Great Bank of Melbourne Society Cheque Account N/A	Finder score 7.6Great	Monthly fee $0	Own network ATM fee $0	International transaction fee 3%	$5	View details Compare product selectionCompare	loading

Showing 5 of 5 results

Finder Score for bank accounts

We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.

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Looking for a better bank account?

Compare everyday accounts and find one that works harder for you.

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Bank of Melbourne term deposits

2 of 2 results

Finder Score	3 Mths p.a.	6 Mths p.a.	10 Mths p.a.	12 Mths p.a.	24 Mths p.a.
6.9 Standard Bank of Melbourne Term Deposit $1,000 min. deposit $2,000,000 max. deposit	6.9 Standard	3 Mths p.a. 3.25%	6 Mths p.a. 3.40%	10 Mths p.a. 3.70%	12 Mths p.a. 4.75%	24 Mths p.a. 4.50%	Special rate: Existing customers can get 5.50% p.a. for 12 months when you open or renew a term deposit online. T&Cs apply.	View details Compare product selectionCompare	loading
6.5 Standard Bank of Melbourne Business Term Deposit $1,000 min. deposit $2,000,000 max. deposit	6.5 Standard	3 Mths p.a. 3.25%	6 Mths p.a. 3.40%	10 Mths p.a. 3.70%	12 Mths p.a. 4.75%	24 Mths p.a. 4.50%	Special rate: Existing customers can get 5.50% p.a. for 12 months when you open or renew a term deposit online. T&Cs apply.	View details Compare product selectionCompare	loading

Showing 2 of 2 results

Finder Score for term deposits

Finder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.

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Lock in a great rate

Compare term deposits to grow your savings with confidence.

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Rates accurate as at: November 9th, 2026 Learn about our information service

Pros and cons of banking with Bank of Melbourne

Pros

Variety of accounts for personal, student, business, retiree, and concession card customers
No ATM operator fees at Bank of Melbourne, St.George, BankSA and Westpac ATMs
No account-keeping fees on bank and savings accounts

Cons

Bank of Melbourne branches are largely limited to Victoria, though you can do cash transactions at any Westpac branch
The top savings rates depend on meeting monthly bonus conditions or are introductory rates for new customers

How to apply for Bank of Melbourne savings account

Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.

Compare other products from Bank of Melbourne

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Bank of Melbourne savings and bank accounts information page
2. Bank of Melbourne savings and bank accounts TMD

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Written by

Alison Banney

Editorial Manager, Money

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Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full bio

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Alison has written 592 Finder guides across topics including:

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Savings accounts, bank accounts and term deposits
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6 Responses

CanMay 18, 2024

Can I get a card please

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SarahMay 20, 2024Finder

Hi there, we’re a review and comparison site, you’ll need to contact Bank of Melbourne directly for customer service. You can reach them on 13 22 66.

PasqualeJune 3, 2023

how do I open an account on line?

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AlisonJune 5, 2023Finder

Hi, you just need to complete the online application on the bank’s website. You’ll need to supply your personal details (name, address etc.) plus verify your identity.

BryanMarch 13, 2023

Can Bank of Melbourne account holders use Westpac branches for over the counter transactions

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RajMarch 13, 2023Finder

Hi Bryan,
Unfortnightly you won’t be able to use Westpac branches for over the counter transactions. However you can use Westpac ATMs with Bank of Melbourne debit cards.

Thanks
Raj

Bank of Melbourne savings and bank accounts

Bank of Melbourne has a range of bank accounts to suit different customers, including students, retirees and businesses.

Bank of Melbourne savings accounts, bank accounts and term deposits

Bank of Melbourne savings accounts

How the Finder Score helps you find a better savings account

Bank of Melbourne bank accounts

Finder Score for bank accounts

Bank of Melbourne term deposits

Finder Score for term deposits

Pros and cons of banking with Bank of Melbourne

Pros

Cons

How to apply for Bank of Melbourne savings account

Compare other products from Bank of Melbourne

Alison Banney

Get rewarded $$ for switching with Finder Rewards

Ask a question

6 Responses

Read more on Bank Accounts

Bank of Melbourne savings and bank accounts

Bank of Melbourne has a range of bank accounts to suit different customers, including students, retirees and businesses.

Bank of Melbourne savings accounts, bank accounts and term deposits

Bank of Melbourne savings accounts

How the Finder Score helps you find a better savings account

Bank of Melbourne bank accounts

Finder Score for bank accounts

Bank of Melbourne term deposits

Finder Score for term deposits

Pros and cons of banking with Bank of Melbourne

Pros

Cons

How to apply for Bank of Melbourne savings account

Compare other products from Bank of Melbourne

Sources

Alison Banney

Get rewarded $$ for switching with Finder Rewards

Ask a question

6 Responses

Read more on Bank Accounts

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