In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
Finder makes money from featured partners, but editorial opinions are our own.

ME HomeME Savings Account

  • Avatar
ME HomeME Savings Account
Maximum variable rate
5.55% p.a.
Base interest rate
Minimum deposit

Our verdict

You can earn a really impressive ongoing bonus rate of 5.55% p.a., however you need to deposit $2,000 per month.

This account offers one of the highest ongoing bonus rates in the market at 5.55% p.a. This is a fantastic rate, however, keep in mind you do need to deposit $2000 per month into the linked transaction account to get the bonus rate, which is higher than most other bonus savings accounts. This could be easy to meet if you get your regular salary or wages deposited into the account - but if you don't earn a regular income this could be tricky to meet.

Another good thing about this account is that there are no monthly spend requirements and you can make withdrawals from your savings throughout the month if you need to. However, you do need to make sure your savings balance grows by the end of the month to be eligible for bonus interest, which means you need to replace any money you withdrew (plus a little extra!).


  • Ongoing bonus rate is one of the best in market
  • Tiered bonus rates means you still earn interest on larger balances
  • Savings tools offered in the app


  • High monthly deposit of $2000 required for bonus interest
  • Low variable base rate if bonus interest criteria isn’t met

In this guide

  • Our verdict
  • Details
    • Key details
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert


Key details

Product Name ME HomeME Savings Account
Maximum Variable Rate 5.55% p.a.
Standard Variable Rate 0.55% p.a.
Monthly Account Fee $0
Minimum Age 14

Key features

Ongoing variable bonus rate of 5.55% p.a.

This account offers a total ongoing variable bonus rate of 5.55% p.a. when you meet the following account conditions each month:

  • Deposit at least $2000 into your linked SpendME transaction account
  • Grow your savings balance (excluding interest paid by ME)

This bonus rate is available on balance up to $100,000.

Balances between $100,000 and $1 million

Balances between $100,000 and $1 million will earn a lower bonus variable rate of 3% p.a. when the monthly account criteria is met. You'll still earn the full bonus rate of 5.55% p.a. on the portion of your balance under $100,000.

Variable base rate of 0.55% p.a.

This account has an ongoing variable base rate of 0.55% p.a. each month. This is the rate you’ll earn if you don’t meet the bonus criteria one month (if you don’t meet the criteria one month, you can still be eligible for bonus interest the following month).

How to apply

This account can only be opened via the ME Go app, so you’ll need to download the app as a first step. The application process will require you to verify your identity using 2 forms of ID such as your driver’s license, passport or Medicare Card.


  • You must be over 14 years old
  • You must be an Australian resident with an Australian residential address
  • You must be using the account for personal use (no business or SMSF customers)

Your reviews

No reviews yet. Write a review

Ask an expert

Ask a question

Alison Finder


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

Error label

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.



September 02, 2023

Hi, if I was to open an account in September, do I receive the interest on the 1st of October or do I not receive interest until 1st of November?


Alison Banney Finder

September 08, 2023

Hi, as a new customer you’ll start earning bonus interest the first month you open the account.



August 28, 2023

Do I earn the bonus interest straight away as soon as I open the account? Thanks


Alison Banney Finder

August 31, 2023

Hi, new customers will start earning bonus interest straight away the first month. To keep earning bonus interest you need to continue to meet the criteria.



August 19, 2023


If an amount goes in and the $2000 is deposited each month without any withdrawals being made for an entire year will the 5.65% be an accumulative amount? As in, if $10000 was deposited originally and $2000 put in each month would the 5.65% go from 5.65% of $10000 to 5.65% on $12000 up until the amount gets to $34000? Or would the interest be paid at the end of the year based on the total amount in on the date that the funds rollover?

Show more Show less

Alison Banney Finder

August 23, 2023

Hi, the interest is calculated daily on the account closing balance and paid monthly.



August 18, 2023

Please explain how this monthly deposit of $2000.00 works. I intend to deposit max $10,000.00.


Alison Banney Finder

August 23, 2023

Hi, in order to qualify for bonus interest on your HomeME savings account you need to deposit $2000 per month into the linked ME SpendME Transaction Account. If you do not deposit $2000 one month, you will not be eligible for bonus interest that month.



August 10, 2023

How many accounts can i open


Alison Banney Finder

August 14, 2023

You can only open 1 account in your name (individual or joint account).

Go to site