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ME Business Online Savings Account

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

The Business Online Savings Accounts from ME, the Member's Equity bank, 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.

0.75% p.a.

Maximum variable rate

0.75% p.a.

Base interest rate

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Details

Product NameME Business Online Savings Account
Maximum Variable Rate0.75% p.a.
Standard Variable Rate0.75%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Expert review

Shirley Liu

Review by


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.

Expert review

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

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.

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