Bank of Melbourne term deposit reviews

Bank of Melbourne
Bank of Melbourne's overall rating for term deposits

(as rated by the Mozo community)

8.0 / 10

based on 4 reviews

Price

Features

Customer service

Convenience

Trust

Featured term deposit from Bank of Melbourne

Recent Bank of Melbourne term deposit reviews

Bank of Melbourne

Bank of Melbourne term deposit review

Overall rating   8 / 10

Very competive

Personal service approach.

Personal service approach.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

C (VIC), reviewed almost 2 years ago

Bank of Melbourne

Bank of Melbourne term deposit review

Overall rating   6 / 10

Good customer service

I have a term deposit with this bank, I like this bank because I get good service regardless of which way I contact this bank, I do have one gripe and that is I feel the interest rates are a bit low.

I have a term deposit with this bank, I like this bank because I get good service regardless of which way I contact this bank, I do have one gripe and that is I feel the interest rates are a bit low.

    Price   4 / 10

    Features   4 / 10

    Customer service   6 / 10

    Convenience   6 / 10

    Trust   6 / 10

Less

Richard (VIC), reviewed about 2 years ago

Bank of Melbourne

Bank of Melbourne term deposit review

Overall rating   8 / 10

Good rate and communication

The rate is competitive and the bank calls me near maturity . This is very convenient for me .

The rate is competitive and the bank calls me near maturity . This is very convenient for me .

    Price   9 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Sam , reviewed almost 3 years ago

Bank of Melbourne

Bank of Melbourne term deposit review

Overall rating   7 / 10

Branch is very convenient, staff are friendly enou

Not sure all the staff are skilled at opening such accounts - some often take too long.

Not sure all the staff are skilled at opening such accounts - some often take too long.

    Price   5 / 10

    Features   5 / 10

    Customer service   4 / 10

    Convenience   9 / 10

    Trust   6 / 10

Less

John (VIC), reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Term Deposit term deposit review

Overall rating   8 / 10

Bank of Melbourne lives in our world!

Love the fact that my money isn't locked away for the term and even if I make withdrawals, the interest rate is unaffected. Besides, every few monthly intervals, I can negotiate the interest rate for extension of term deposit. Very happy!

Love the fact that my money isn't locked away for the term and even if I make withdrawals, the interest rate is unaffected. Besides, every few monthly intervals, I can negotiate the interest rate for extension of term deposit. Very happy!

    Price   8 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Mozo reviewer (VIC), reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Term Deposit term deposit review

Overall rating   8 / 10

Great customer service

Great customer service, explaining options. Fixed term deposit rate wasn't great but now interest rates have dropped further. OK at 4.5% over 12 months!

Great customer service, explaining options. Fixed term deposit rate wasn't great but now interest rates have dropped further. OK at 4.5% over 12 months!

    Price   7 / 10

    Features   5 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Helen (VIC), reviewed almost 4 years ago

Bank of Melbourne

Bank of Melbourne Term Deposit term deposit review

Overall rating   10 / 10

Staff go out of their way to be helpful

I was looking for great interest rates, I contacted numerous banks and this one not only provided those, but also took the time to explain all the details (it was the first time that I decided on term deposits). It was easy and pleasant.

I was looking for great interest rates, I contacted numerous banks and this one not only provided those, but also took the time to explain all the details (it was the first time that I decided on term deposits). It was easy and pleasant.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   -1 / 10

Less

Jennifer (VIC), reviewed almost 4 years ago

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Term deposit comparisons on Mozo - rates updated daily

  • Citi Term Deposit

    Citi Term Deposit

    • Minimum investment $250,000, 31 day notice period applies
    • No establishment or account keeping fees
    • Interest rate only available for new to bank funds

    interest rate*

    3.00% p.a.
    6 months

    Go to site

    More info

    • Minimum investment $250,000, 31 day notice period applies
    • No establishment or account keeping fees
    • Interest rate only available for new to bank funds
    • Minimum deposit: $250,000
    • Maximum deposit: $2,000,000
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    9.0

    Based on 3 Citi term deposit reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2016

    ME Term Deposit

    ME Term Deposit

    • Experts Choice Winner - Short Term Deposit 2016
    • Choose a term from 1 month to 5 years
    • Apply online in minutes. No account keeping fees

    interest rate*

    2.85% p.a.
    1 year

    Go to site

    More info

    • Experts Choice Winner - Short Term Deposit 2016
    • Choose a term from 1 month to 5 years
    • Apply online in minutes. No account keeping fees
    • Minimum deposit: $1,000
    • Maximum deposit: $1,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    7.2

    Based on 18 ME term deposit reviews

    Need more information?
    Go to site

    More info

  • firstmac Term Deposit

    firstmac Term Deposit

    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months
    • Lock in your return - a secure fixed rate for the length of the term
    • Safe and secure with an Australian Government Guarantee

    interest rate*

    2.85% p.a.
    1 year

    Go to site

    More info

    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months
    • Lock in your return - a secure fixed rate for the length of the term
    • Safe and secure with an Australian Government Guarantee
    • Minimum deposit: $5,000
    • Maximum deposit: $5,000,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Need more information?
    Go to site

    More info

  • Citi Term Deposit

    Citi Term Deposit

    • Minimum investment $75,000, 31 day notice period applies
    • No establishment or account keeping fees
    • Interest rate only available for new to bank funds

    interest rate*

    2.80% p.a.
    6 months

    Go to site

    More info

    • Minimum investment $75,000, 31 day notice period applies
    • No establishment or account keeping fees
    • Interest rate only available for new to bank funds
    • Minimum deposit: $75,000
    • Maximum deposit: $249,999
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    9.0

    Based on 3 Citi term deposit reviews

    Need more information?
    Go to site

    More info

  • Bank Australia Term Deposit

    Bank Australia Term Deposit

    • High interest rate
    • Short investment term of 3 months for investments over $5K
    • Interest paid at maturity

    interest rate*

    2.65% p.a.
    1 year

    Go to site

    More info

    • High interest rate
    • Short investment term of 3 months for investments over $5K
    • Interest paid at maturity
    • Minimum deposit: $5,000
    • Maximum deposit: $49,999
    • Can interest be paid to another bank?: no
    • Automatic rollover: yes
    Overall rating

    6.3

    Based on 3 Bank Australia term deposit reviews

    Need more information?
    Go to site

    More info

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