ME HomeME Savings Account
We currently don't have this product on Finder
- Maximum variable rate
- 4.60% p.a.
- Base interest rate
- 0.05% p.a.
- Minimum deposit
- $2,000
Our verdict
You can earn a really impressive ongoing bonus rate of 4.6% 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 4.6% 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.
Pros
-
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
Cons
-
High monthly deposit of $2000 required for bonus interest
-
Low variable base rate if bonus interest criteria isn’t met
Details
Key details
| Product Name | ME HomeME Savings Account |
| Maximum Variable Rate | 4.60% p.a. |
| Standard Variable Rate | 0.05% p.a. |
| Monthly Account Fee | $0 |
| Minimum Age | 14 |
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.
Eligibility
- 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)
Sources
Your reviews
Alison Finder
Editorial Manager, Money
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Sarah Megginson Finder
December 02, 2025
Hi Ash,
These statements are accurate, even though it might be a little confusing to read! These rates are subject to change and sometimes, banks will offer a different rate for different amounts (ie over $100k), so we have split them out to make these variations clear. At the moment, the rate is the same for both under $100k and under $1m. Hope this helps!
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Mickey
November 24, 2025
I’ve had a Me account before, not exactly sure how long ago several years ago, does the 4.6% intrest apply to me?
Alison Banney Finder
November 27, 2025
Hi,
Yes you can still open this account and get the 4.60% p.a. variable rate. There is no restriction for previous customers.
The ME HomeME Savings Account is only available via the ME GO app, it’s not available via your existing ME internet banking.
Thanks,
Alison
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AA
December 17, 2024
The current rate for HomeME is 5.25%. My understanding is that to receive the 5.25% rate on HomeME balances below $100k I only need to deposit $2k into the linked SpendME account from an external source. My HomeME account balance does not have to grow every month to get the 5.25% rate – it can actually be lower than the previous month and still get that rate. Is this correct?
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Alison Banney Finder
December 18, 2024
Hi,
Yes that’s correct. As long as you meet the $2,000 monthly deposit requirement you are able to make withdrawals and still earn the bonus rate.
Thanks,
Alison
Ebn
April 24, 2024
If you end up depositing 100k over time, but stop depositing thereafter, do you no longer qualify for the 5.5% amount? Despite the interest amount being reduced from any deposits after 100k?
Sarah Megginson Finder
June 06, 2024
Hi Emily, The bonus rate applies to the first $100,000, then a different lower rate applies for any amount added to the account post-$100k.
tink
February 19, 2024
I am reading that you just need to deposit 2000 but the balance only needs to GROW no specified amount so if I put 2k in and with draw $1999 do I still qualify for the bonus interest
Sarah Megginson Finder
March 25, 2024
Hi Tink, Yes that’s right, as long as the account balance grows you’ll be eligible for the bonus interest.
Ash
December 01, 2025
If you save any money beyond $100,000 you still earn interest on this cash, but at a lower rate.
You can earn 4.6% p.a. on balances up to $100,000.
You can earn 4.6% p.a. on balances between $100,001 to $1,000,000.
First line says lower rate over $100,000 Third line says same rate Which is it?
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