Bank of Melbourne savings account reviews

Bank of Melbourne
Bank of Melbourne's overall rating for savings accounts

(as rated by the Mozo community)

8.1 / 10

based on 164 reviews

Price

Features

Customer service

Convenience

Trust

Featured savings account from Bank of Melbourne

Bank of Melbourne Incentive Saver Account (Kids)

special rate*

1.80% p.a. (for $0 to $100,000)

standard interest rate

0.60% p.a.(for $0 and over)

account fee per month

$0.00

 Contact provider or click here for more Bank of Melbourne savings accounts

Recent Bank of Melbourne savings account reviews

Bank of Melbourne

Bank of Melbourne Incentive Saver Account Savings Account review

Overall rating   8 / 10

Excellent

Westpac is a reliable bank. They have very good security and very good online service.

Full review

Westpac is a reliable bank. They have very good security and very good online service.

    Price   8 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Mary anne, Queensland, reviewed 7 months ago

Bank of Melbourne

Bank of Melbourne Savings Account review

Overall rating   9 / 10

Good

Bank of Melbourne is excellent.

Full review

Bank of Melbourne is excellent.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Paul, Queensland, reviewed 9 months ago

Bank of Melbourne

Bank of Melbourne Maxi Saver Savings Account review

Overall rating   10 / 10

Bank of Melbourne are fantastic

They deliver superior services and I couldn't be happier recommending my local Branch at Waurn Ponds.

Full review

They deliver superior services and I couldn't be happier recommending my local Branch at Waurn Ponds.

    Price   10 / 10

Less

Sharon, Victoria, reviewed about 2 years ago

Bank of Melbourne

Bank of Melbourne Savings Account review

Overall rating   3 / 10

Preferred being with my previous provider

I don't love my bank, but as I need an account that suits my day to day life, Bank of Melbourne will have to suffice.

Full review

I don't love my bank, but as I need an account that suits my day to day life, Bank of Melbourne will have to suffice.

    Price   2 / 10

Less

Belinda, Victoria, reviewed over 2 years ago

Bank of Melbourne

Bank of Melbourne Maxi Saver Savings Account review

Overall rating   10 / 10

The People's Bank

Their bank fees are one of the lowest compared to other banks and they have a strong connection with people through their banking needs.

Full review

Their bank fees are one of the lowest compared to other banks and they have a strong connection with people through their banking needs.

    Price   8 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

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Andrew, Victoria, reviewed over 2 years ago

Bank of Melbourne

Bank of Melbourne Incentive Saver Account Savings Account review

Overall rating   10 / 10

The best Bank

I will stay with this bank forever, I love it!

Full review

I will stay with this bank forever, I love it!

    Price   6 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   6 / 10

    Trust   10 / 10

Less

Tamaea, Victoria, reviewed almost 3 years ago

Bank of Melbourne

Bank of Melbourne Incentive Saver Account Savings Account review

Overall rating   7 / 10

A good account for somebody Hoping to save

Great bank account, just wish the interest rate was slightly higher.

Full review

Great bank account, just wish the interest rate was slightly higher.

    Price   9 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Jack, Victoria, reviewed about 3 years ago

Bank of Melbourne

Bank of Melbourne Maxi Saver Savings Account review

Overall rating   8 / 10

Competent,courteous staff

This Bank has very professional staff that are always cheerful, professional and courteous-they go out of their way to assist and are not averse to redirecting one to alternative suppliers with better deals or more flexibility. They were there...

Full review

This Bank has very professional staff that are always cheerful, professional and courteous-they go out of their way to assist and are not averse to redirecting one to alternative suppliers with better deals or more flexibility. They were there when I needed them not like two other Banks I hade been with for a number of years.

    Price   8 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

David, Victoria, reviewed about 3 years ago

Bank of Melbourne

Bank of Melbourne Maxi Saver Savings Account review

Overall rating   9 / 10

Very good bank

Very easy to talk too and customer service is great.

Full review

Very easy to talk too and customer service is great.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

John, Victoria, reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Incentive Saver Account Savings Account review

Overall rating   9 / 10

Great services

Good service

Full review

Good service

    Price   5 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   6 / 10

    Trust   10 / 10

Less

Robert, Victoria, reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Maxi Saver Savings Account review

Overall rating   8 / 10

Great customer service

Caring staff

Full review

Caring staff

    Price   7 / 10

    Features   4 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Brenda, Victoria, reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Savings Account review

Overall rating   10 / 10

Best customer service I have experienced

Very happy with BoM face to face, over the phone and internet service. Great account options available.

Full review

Very happy with BoM face to face, over the phone and internet service. Great account options available.

    Price   8 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Camelia, Victoria, reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Incentive Saver Account Savings Account review

Overall rating   10 / 10

Competitive rates - terrific customer service.

Competitive rates - terrific customer service.

Full review

Competitive rates - terrific customer service.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Sue, Victoria, reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Maxi Saver Savings Account review

Overall rating   5 / 10

Great customer service

It is confusing and not for me

Full review

It is confusing and not for me

    Price   5 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   7 / 10

    Trust   5 / 10

Less

Travel, Victoria, reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Savings Account review

Overall rating   3 / 10

Ok

Ok all ok with the bank so far. Good service

Full review

Ok all ok with the bank so far. Good service

    Price   5 / 10

    Features   3 / 10

    Customer service   5 / 10

    Convenience   4 / 10

    Trust   1 / 10

Less

Kylie, Victoria, reviewed over 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Savings account comparisons on Mozo - rates updated daily

  • MOZO EXPERTS CHOICE AWARDS 2019

    AMP Saver Account

    AMP Saver Account

    • Competitive interest rates, calculated daily and paid monthly
    • A bonus interest rate of 0.90% per annum for the first 4 months and the first $250,000 deposited
    • No Monthly fees

    special rate*

    2.75% p.a. (for $0 to $250,000)

    Bonus rate for the first 4 months from account opening on the first $250,000 deposited. For new Saver customers only.

    standard interest rate

    1.85% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    		 Go to site

    More info

    • Competitive interest rates, calculated daily and paid monthly
    • A bonus interest rate of 0.90% per annum for the first 4 months and the first $250,000 deposited
    • No Monthly fees
    • Special rate conditions: Bonus rate for the first 4 months from account opening on the first $250,000 deposited. For new Saver customers only.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.3

    Based on 72 AMP savings account reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2019

    UBank USaver with Ultra Transaction Account

    UBank USaver with Ultra Transaction Account

    • Bonus interest. Conditions apply
    • Visa Debit Card with Visa PayWave
    • No monthly account keeping fees

    special rate*

    2.87% p.a. (for $0 to $200,000)

    Bonus interest only applies on funds held in linked USaver account if $200 deposited into either account in the month from an external source.

    standard interest rate

    1.81% p.a.(for $0 to $5,000,000)

    account fee per month

    $0.00

    		 Go to site

    More info

    • Bonus interest. Conditions apply
    • Visa Debit Card with Visa PayWave
    • No monthly account keeping fees
    • Special rate conditions: Bonus interest only applies on funds held in linked USaver account if $200 deposited into either account in the previous month from an external source and the combined balance is less than $200,000.
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    8.5

    Based on 670 UBank savings account reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2019

    Bank Australia Bonus Saver

    Bank Australia Bonus Saver

    • High interest rate of up to 2.60%p.a.
    • Bonus interest
    • Access to your savings

    special rate*

    2.15% p.a. (for $1 and over)

    minimum deposit $100, no withdrawals

    standard interest rate

    0.10% p.a.(for $1 and over)

    account fee per month

    $0.00

    		 Go to site

    More info

    • High interest rate of up to 2.60%p.a.
    • Bonus interest
    • Access to your savings
    • Special rate conditions: Minimum deposit of $100 and no withdrawals in the month
    • Access: BPay, Branch access, Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.6

    Based on 151 Bank Australia savings account reviews

    Need more information?
    Go to site

    More info

  • HSBC Serious Saver

    HSBC Serious Saver

    • No monthly fees
    • No minimum deposit
    • Apply online in under 10 minutes

    special rate*

    2.85% p.a. (for $0 to $1,000,000)

    No withdrawals in the month. Bonus rate for first 4 months, reverting to 0.95% bonus rate after

    standard interest rate

    0% p.a.(for $0 and over)

    account fee per month

    $0.00

    		 Go to site

    More info

    • No monthly fees
    • No minimum deposit
    • Apply online in under 10 minutes
    • Special rate conditions: No withdrawals in the month. Bonus rate for first 4 months, reverting to 0.95% bonus rate after
    • Access: Phone banking, Internet banking
    • Minimum balance: $0.00
    • Other restrictions:
    Overall rating

    7.5

    Based on 320 HSBC savings account reviews

    Need more information?
    Go to site

    More info

  • ANZ Progress Saver

    ANZ Progress Saver

    • Earn bonus interest when you make a single deposit of $10 or more in a month and no withdrawals
    • No monthly account fee.
    • Set up an automated monthly transfer to stick to your savings plan

    special rate*

    2.40% p.a. (for $0 and over)

    Bonus interest when you make a single deposit of $10 or more in a month and no withdrawals

    standard interest rate

    0.01% p.a.(for $0 and over)

    account fee per month

    $0.00

    		 Go to site

    More info

    • Earn bonus interest when you make a single deposit of $10 or more in a month and no withdrawals
    • No monthly account fee.
    • Set up an automated monthly transfer to stick to your savings plan
    • Special rate conditions: Bonus interest when you make a single deposit of $10 or more in a month and no withdrawals
    • Access: Branch access, Phone banking, Internet banking
    • Minimum balance: $10.00
    • Other restrictions:
    Overall rating

    7.4

    Based on 6090 ANZ savings account reviews

    Need more information?
    Go to site

    More info

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