ME term deposit

Have spare funds lying around? Make your money work harder for you and let it earn interest with a ME term deposit.

The term deposit from ME doesn't charge any setup or account keeping fees. Have peace of mind knowing that you get a fixed interest rate on your hard-earned money. You can invest your funds from 1 month to 60 months at a time. You choose to have interest paid monthly, annually or at maturity.

No reviews yet. Write a review

Up to 1.4% p.a.

Interest rate

60 months interest rate


Minimum opening deposit


Account keeping fee


Maximum deposit

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product NameME Term Deposit
3 month interest rate0.50%
4 month interest rate0.50%
6 month interest rate0.60%
7 month interest rate0.55%
9 month interest rate0.65%
12 month interest rate0.70%
24 month interest rate0.70%
36 month interest rate0.90%
48 month interest rate1.20%
60 month interest rate1.40%
Minimum Opening Deposit$5,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

Key features

$0 Monthly account keeping fees

ME will not charge you any monthly fees.

Minimum investment of $5,000

You can open a term deposit with ME with an initial deposit of $5,000.

Launch term deposit calculator

How to apply

If you're considering opening up a ME Term Deposit, here's what you need for your application.


There are some eligibility requirements you should check first before continuing:

  • Minimum age. You must be at least 18 years of age to open the account.
  • Residency requirements. A term deposit is available for Australian permanent residents or an Australian resident for tax purposes with a valid Australian residential address.

Ask an expert

To ask a question simply log in via your email or create an account.

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

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 Privacy & Cookies Policy.


    Default Gravatar
    October 23, 2019

    Can I contact ME directly?

      Default Gravatar
      October 25, 2019

      Hi Suzanne,

      Thanks for getting in touch! Yes, you can contact Me directly for any concerns you need and to get their contact information, simply click the GO TO SITE button you’ll see on the top right part of our page and you will be brought to the official website of ME.

      Hope this helps and feel free to reach out to us again for further assistance.


    Default Gravatar
    October 17, 2019

    Do you have a branch in Hervey Bay, Queensland?

      Default Gravatar
      October 17, 2019

      Hi Terrt,

      Thank you for contacting Finder.

      Unfortunately, ME Bank doesn’t have a physical branch as it is an all-digital bank. The money that they save in setting up a physical branch is being returned to their customers through their competitive rates.

      I hope this helps.


    Default Gravatar
    October 3, 2019

    Want to invest $155,000 for 12 months at about 1.9 .
    My Citibank term ends on 30-Oct-19.

      Default Gravatar
      October 6, 2019

      Hi John,

      Thanks for your comment. It’s great to know that you are interested to invest with the ME term deposit. To get started, please check the ME website to apply online. As a friendly reminder, review the eligibility criteria, fees, interest rates, and terms & conditions of this account before applying. You may also contact the bank should you have any questions about their product.

      Hope this helps and feel free to reach out to us again for further assistance.


    Default Gravatar
    September 19, 2019

    I have some money within my self managed super fund invested in a term deposit with another institution that is just about to mature.
    Can a SMSF with two trustees invest in the ME term deposit?

      Default Gravatar
      September 21, 2019

      Hi Ross,

      Thanks for contacting Finder.

      For the ME term deposit account, you may only open it as a personal account. You can compare SMSF term deposits using our comparison table. You can press the ‘More info’ link to read our product review page. Please make sure that you’ve read the relevant T&Cs or PDS of this account to help consider whether the product is right for you.

      I hope this helps.

      Please do not hesitate to reach out if you have additional questions.


    Default Gravatar
    September 17, 2019

    Hi are ME Bank are term deposits used for green projects and not fossil fuel?

      Default Gravatar
      September 18, 2019

      Hi Simon,

      Thanks for your comment. Finder is a comparison service and you can use our tables to compare the fees and rates offered on a range of deposit products. However, we can’t advise how any particular bank chooses to invest the money that consumers deposit. We suggest asking ME directly for information on how they invest.

      Hope this helps and feel free to reach out to us again for further assistance.


Go to site