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?
Want more interest on your savings?
Compare now and find a better rate.
We assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.
Looking for a better bank account?
Compare everyday accounts and find one that works harder for you.
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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Compare term deposits to grow your savings with confidence.
The ME HomeME Savings Account was highly commended for Best Bonus Savings Account in the 2026 Finder Awards.
ME scored in the Finder Awards
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.
A multi-goal savings account that lets you earn interest, set and track up to 99 savings goals, all from the one app.
This is a business bank account with no monthly account keeping fees and a free ANZ Business Visa Debit card.
Virgin Money Go bank account: Pay no monthly account fees, earn points as you spend and earn bonus interest on a linked Virgin Money savings account.
Pay $0 account keeping fees and make payments using Apple Pay, Google Pay or Samsung Pay with your MyState Glide Account.
Revolut is available for download in Australia. This review will tell you what you need to know about the multi-currency account before you sign up.
Kickstart your child’s savings with a Bump Savings Account from Westpac that offers bonus interest each month you grow your balance.
ANZ vs Commonwealth Bank: which bank has the right accounts and services for you? Find out here.
World travellers benefit with Qudos rewards points when they choose the Qudos Bank to hold on to their savings.
The Australian Military Bank Military Kids Account is for those up to 17 years of age. It provides easy access to funds and lets you earn interest.
Every wondered what the process was for your debit card when you made an electronic transaction?
Hi, I am interested in depositing funds for my super fund account. The website advised that as member of certain industry super funds collect a bonus interest.
However, when I rang ME, your representative says it is not available. Kindly confirm.
In addition, can I bank a cheque for ME account?
Hi Pauline,
Thanks for your question. I have sent you an email in response.
Regards,
Clarizza
is $250,000 the maximum allowed for a term deposit
If I deposit $500,000 in joint names will the Government guarantee the full $500,000 ?
Hi Brian,
Thanks for your question.
With ME, the maximum savings/deposit amount that is secured by the Australian Government Guarantee Scheme is up to $250,000 only. This also applies to per individual/joint account. So, for your $500,000 deposit, you’re secured up to $250,000 only.
Cheers,
May
Hi John,
Thanks for your question.
You can open a term deposit for as little as $1,000 or as much as $1,000,000.
Deposits are covered by the Government Guarantee of up to $250,000 per person, per institution.
hi i want to open a term dep can l just do that or do l have to have a saving account
cheers Lillie
Hi Lillie,
Thanks for your question.
You don’t need to have a savings account. You can open the term deposit on it’s own.
Hope this helps.
If I make a deposit in A$ will I be charged a fee for depositing money in to my ME DEbit Account.
Can I use this card when travelling in Aust, and will I be charged a withdrawal fee when taking money out of an ATM/
Can this card by used Overseas and is there a charge made by ME for overseas withdrawals from ATM’s please
Hi Grant,
Thanks for your questions. Please note that the following responses are for the ME Everyday Transaction account.
No, you don’t be charged a fee for depositing money into your ME Debit account.
You can use this while traveling in Australia, though you need to be an Australian resident to be eligible for this account. You will receive a refund on fees incurred at all other ATMs in Australia within 30 days of the transaction.
This card can be used overseas, wherever MasterCard is accepted. International ATM withdrawals incur a $4 fee and a currency conversion fee of 2.50% of AUD value.
If you intend to travel outside of Australia you may want to consider a travel debit card instead.
Please ensure to read through the relevant product disclosure statement and terms and conditions of the card to ensure that you got everything covered on your banking transactions.
Hope this helps.
Cheers,
Shirley