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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ME Business Online Savings Account

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ME Business Online Savings Account
Maximum variable rate
0.05% p.a.
Base interest rate
0.05%p.a.

Our verdict

Let your excess business capital grow in an easy-to-use online business savings account from ME.

Business owners, trustees and self managed super fund owners can all benefit from the features of this account.

Pros

  • $0 minimum balance required
  • $0 minimum deposits required
  • No fixed terms on accounts

Cons

  • Available to businesses only
  • Must have two authorised account holders
  • No deposits from foreign accounts

In this guide

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

The ME Business Online Savings Account gives you a safe place to store your working capital and earn interest on it. With no account keeping fees to worry about and access to your funds as needed through linked accounts, this might be the right option if you want to earn interest on business capital, but also want to retain access to important funds.

Details

Key details

Product Name ME Business Online Savings Account
Maximum Variable Rate 0.05% p.a.
Standard Variable Rate 0.05% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $0
Minimum Age 18

Key features

No monthly fees

There are no monthly account keeping fees for this business savings account.

How do I earn interest?

Earn a variable, competitive rate of interest on every dollar in the account with no minimums or maximums. Interest is calculated on every dollar of your daily balance, and is paid into the account once a month, allowing you to earn compound interest.

Launch savings calculator


How to apply

In order to apply for the ME Business Online Savings Account you will either send them an email or download the application and mail it in.

Eligibility

There are some eligibility requirements, including:

  • Minimum age. You must be at least 18 years of age to open this account.
  • Residency requirement. The business, SMSF or trust must be established in Australia. Applicants will need to be able to provide a verifiable residential address in Australia as well.

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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marty

February 02, 2023

do you have actual banks to walk in and deposit cash?


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Alison Banney Finder

February 22, 2023

Hi Marty,


ME is an online bank and does not have physical bank branches. You can deposit cash into your ME account at an Australia Post shop.


Thanks,

Alison


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