In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other business savings accounts
  • Your reviews
  • Ask a question
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Bank of Melbourne Business Access Saver Account

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Bank of Melbourne Business Access Saver
Maximum variable rate
1.35% p.a.
Base interest rate
1.35%p.a.

Our verdict

Your business surplus funds can continue to work when you park them inside of the Business Access Saver account from the Bank of Melbourne.

You can benefit from 24/7 access via Internet and Phone Banking, if this account is linked to an eligible Bank of Melbourne everyday account.

Pros

  • Earn competitive interest
  • $0 monthly account keeping fees
  • 24/7 access online, over the phone and through your linked account

Cons

  • Need to link to one of the Bank of Melbourne’s eligible business transaction accounts
  • Only 4 free branch transactions

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other business savings accounts
  • Your reviews
  • Ask a question

Business owners can take advantage of a competitive interest rate on any excess capital by keeping it secure in the Bank of Melbourne Business Access Saver. With no minimum monthly balance to maintain, and free internet banking, a business owner has total control of when they can save and for how much.

Details

Key details

Product Name Bank of Melbourne Business Access Saver
Maximum Variable Rate 1.35% p.a.
Standard Variable Rate 1.35% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

Interest rate

With the Business Access Saver your saved capital will be earning a competitive variable interest rate monthly.

Interest calculation

The interest is calculated on your daily balances and then paid into the account at the beginning of the following month.


How to apply

If you think your business will benefit from the Business Access Saver, the Bank of Melbourne allows you to complete an application online.

Eligibility

Before applying online check that you are able to meet all of the following requirements:

  • Linked account. You must have a transaction account with the Bank of Melbourne that is listed with the same business name as the savings account will be.
  • Business registration. The business must be registered in Australia.

Compare other business savings accounts

Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee Monthly Max Rate Conditions
Zeller Business Savings Account
Maximum Variable Rate p.a.
2.60%
Standard Variable Rate p.a.
2.60%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
AMP Cash Manager
Maximum Variable Rate p.a.
4.80%
Standard Variable Rate p.a.
4.80%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
ANZ Business Online Saver
Maximum Variable Rate p.a.
1.25%
Standard Variable Rate p.a.
1.25%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
The Mutual Bank Cash Management Account
Maximum Variable Rate p.a.
0.05%
Standard Variable Rate p.a.
0.05%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
ING Business Optimiser
Maximum Variable Rate p.a.
1.00%
Standard Variable Rate p.a.
0.60%
Intro Period
6 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
The Mutual Bank Business Maximiser Account
Maximum Variable Rate p.a.
1.85%
Standard Variable Rate p.a.
1.85%
Intro Period
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • N/A
View details
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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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CJ

October 10, 2017

I want a business transaction account that includes: internet banking, zero fees and monthly summaries of money in and out.


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Danielle

October 10, 2017

Hi Cj,


Thank you for contacting Finder.


If you scroll up, you will see that the Bank of Melbourne does have the features you ate looking for in a business account. But if you wish to compare this and more options, you can check our list of a small business bank accounts. You may review and compare the offers available on the table. Once you have selected one, you may proceed by clicking the green “Go to Site” button.


Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.


I hope this helps.


Cheers,

Danielle


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