Compare ME Business bank accounts

Compare ME business accounts to see if you could be earning more.

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ME is an award winning bank, jointly owned by dozens of Australian super funds. Its initial focus was home loans, but it now offers business savings accounts, term deposits and business financing solutions. ME focuses on competitive rates, zero fees and flexibility for small businesses and sole traders.

Get an overview of the options and compare the rates and fees for ME business products with the big bank alternatives to see if your business could earn more from switching.

ME Business term deposits

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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.

Read the full methodology

Lock in a great rate

Compare term deposits to grow your savings with confidence.

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There are some pros and cons to term deposits you might want to consider.

Pros

  • As usual for ME, there are no setup or monthly fees for a business term deposit.
  • You have a fixed interest rate for guaranteed returns.
  • Interest is credited to an account of your choice monthly, quarterly, biannually or yearly.
  • You will receive a reminder 10 days before the end of a term, and you can choose whether to make a full withdrawal, a partial withdrawal or reinvest it all.

Cons

  • You cannot make any partial withdrawals in the middle of a term, and you will earn reduced interest if you need to close the account early.
  • You cannot make any further deposits to an existing term, except at maturity.

How to apply for a ME Business bank 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.

Sources

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Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs. See full bio

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Read more on Business Banking

  • ME Business Term Deposit

    Earn some interest on your funds with ME Business Term Deposit and pay no fees for keeping your cash locked away.

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