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.

Full review

Personal service approach.

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

C (VIC), reviewed about 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.

Full review

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 over 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 .

Full review

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 about 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.

Full review

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 about 4 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!

Full review

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 about 4 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!

Full review

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 about 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.

Full review

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 about 4 years ago

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Term deposit comparisons on Mozo - rates updated daily

  • firstmac Term Deposit

    firstmac Term Deposit

    • Minimum investment $5,000 to lock in a fixed rate of return
    • Safe and secure with an Australian Government Guarantee
    • Flexible terms, choose from 30 days, 60 days, 90 days, 6 months, 9 months, 12 months and 24 months

    interest rate*

    2.91% p.a.
    2 years

    Minimum deposit

    $5,000

    Go to site

    More info

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

    More info

  • Westpac Term Deposit

    Westpac Term Deposit

    • No set up, monthly service or management fees
    • Pick the term from one week to 5 years
    • Choose to invest from $5,000 or more

    interest rate*

    2.85% p.a.
    5 years

    Minimum deposit

    $5,000

    Go to site

    More info

    • No set up, monthly service or management fees
    • Pick the term from one week to 5 years
    • Choose to invest from $5,000 or more
    • Maximum deposit: $250,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    7.3

    Based on 99 Westpac term deposit reviews

    Need more information?
    Go to site

    More info

  • St.George Term Deposit

    St.George Term Deposit

    • Terms from 1 month up to 5 years
    • No set up or monthly service fees
    • Interest paid at maturity

    interest rate*

    2.70% p.a.
    4 years

    Minimum deposit

    $1,000

    Go to site

    More info

    • Terms from 1 month up to 5 years
    • No set up or monthly service fees
    • Interest paid at maturity
    • Maximum deposit: $250,000
    • Can interest be paid to another bank?: yes
    • Automatic rollover: yes
    Overall rating

    7.3

    Based on 62 St.George term deposit reviews

    Need more information?
    Go to site

    More info

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