| Product | Interest rate | Maximum rate | Govt deposit guarantee |
|---|---|---|---|
| Incentive Saver Account |
1.85% p.a.(for $0 and over) |
5.25% p.a. (for $0 to $250,000) |
Yes up to $250,000 |
| Incentive Saver Account (Kids) |
1.85% p.a.(for $0 and over) |
5.15% p.a. (for $0 to $250,000) |
Yes up to $250,000 |
| Investment Cash Account |
1.00% p.a.(for $0 and over) |
No Current Offer |
Yes up to $250,000 |
| Maxi Saver |
1.10% p.a.(for $0 and over) |
5.35% p.a. (for $0 and over) |
Yes up to $250,000 |
Mozo users have rated Bank of Melbourne savings accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
179 Reviews
The customer service can be exceptional over the phone, when you're prepared to wait & also in an actual bank. However, I'm in a country town. In which they shut down the bank & the ATM. The only way to do banking was online & you had to figure out for yourself that you could use a Westpac ATM. As, there was no notification given. A couple of years down the track now, we may be able to do banking in the Westpac branch. The closest Bank of Melbourne branch is an hour away. I still bank with them due to their service when I need it & the products are okay. Better then the competition.
Read full reviewThe customer service can be exceptional over the phone, when you're prepared to wait & also in an actual bank. However, I'm in a country town. In which they shut down the bank & the ATM. The only way to do banking was online & you had to figure out for yourself that you could use a Westpac ATM. As, there was no notification given. A couple of years down the track now, we may be able to do banking in the Westpac branch. The closest Bank of Melbourne branch is an hour away. I still bank with them due to their service when I need it & the products are okay. Better then the competition.
They closed our nearest branch and our closest one now is 40 mins drive away so not happy about that. On the positive side, their customer service is by far the best we've experienced from any bank
Read full reviewThey closed our nearest branch and our closest one now is 40 mins drive away so not happy about that. On the positive side, their customer service is by far the best we've experienced from any bank
Bank of Melbourne, from my experience, has a level of customer service, in both their branches and call centres, that is unmatched by any other bank in this country.
Read full reviewBank of Melbourne, from my experience, has a level of customer service, in both their branches and call centres, that is unmatched by any other bank in this country.
The Bank of Melbourne has its flaws like every other bank but, overall, they are better than any other bank with whom I've dealt in the past. In branch customer service is exceptional and their product range as good as offered anywhere.
Read full reviewThe Bank of Melbourne has its flaws like every other bank but, overall, they are better than any other bank with whom I've dealt in the past. In branch customer service is exceptional and their product range as good as offered anywhere.