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ME Term deposit reviews

Overall rating
7.9/10
Price
8.3/10
Features
7.1/10
Customer service
7.5/10
Convenience
6.7/10
Trust
8.2/10
Based on 52 reviews as rated by the Mozo community.

Featured term deposit from ME

Term Deposit

interest rate*
0.85% p.a.
6 months
Minimum deposit
$25,000
Govt Deposit Guarantee
Yesup to $250,000

Promoted
In partnership with AFSL 459645

Recent ME term deposit reviews

Sort reviews by: date | star rating
  • ME Term Deposit review

    Overall rating   1 / 10
    Hopeless. Avoid the frustration and incompetence

    Recently tried to put in 300k on a fixed term via their interface, got a text back saying they needed more personal info and to call their support line. Three attempted calls later of some 90 minutes duration in total and having to listen to the continuous roll out of their Covid 19 chestnut, I gave up and sent en email. Still no response and after a week in total went elsewhere. If you like dealing with automated software, an institution that has no facilities that doesn't employ sufficient people to man a support centre capable of dealing with anything other than a low median call rate then this is the Bank.

    Features
    5 / 10
    Customer service
    1 / 10
    Convenience
    1 / 10
    Trust
    1 / 10
    Less
    Andy, Australian Capital Territory, reviewed 3 days ago
  • ME Term Deposit review

    Overall rating   7 / 10
    Quite competitive rates.

    Online application can be confusing and telephone staff cannot always help with what appears to be a disjunctive office. They will however negotiate better interest rate if asked. THE WORST, ANNOYING THEATRE ADS IN THE CIVILISED WORLD.

    Price
    7 / 10
    Features
    5 / 10
    Customer service
    1 / 10
    Convenience
    2 / 10
    Trust
    5 / 10
    Less
    David, Queensland, reviewed 4 months ago
  • ME Term Deposit review

    Overall rating   7 / 10
    Good.

    Best interest rate.

    Price
    10 / 10
    Features
    5 / 10
    Customer service
    4 / 10
    Convenience
    5 / 10
    Trust
    6 / 10
    Less
    Peter, Victoria, reviewed 9 months ago
  • ME Term Deposit review

    Overall rating   10 / 10
    Great customer service and competitive rates.

    I like this bank because it offers great rates for a small investment. Setting up the term deposit was very straight forward and easy to organise, and if you need to make any alterations a simple phone call will suffice. I found the process easy and simple to complete.

    Price
    10 / 10
    Features
    10 / 10
    Customer service
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Jill, New South Wales, reviewed over 1 year ago
  • ME Term Deposit review

    Overall rating   9 / 10
    Great customer service, security with this bank

    Their interest rates are very competitive. I've been banking with them for years. Highly recommended.

    Price
    10 / 10
    Less
    Kay, Victoria, reviewed about 3 years ago
  • ME Term Deposit review

    Overall rating   4 / 10
    Terrible customer service, lack of respect

    With no physical stores within my region and a complete abandonment on quality customer service this bank lacks density and service

    Price
    10 / 10
    Features
    8 / 10
    Customer service
    0 / 10
    Convenience
    0 / 10
    Trust
    4 / 10
    Less
    Clara, Queensland, reviewed over 4 years ago
  • ME Term Deposit review

    Overall rating   9 / 10
    Best term deposit rates and good customer service.

    ME Bank is very good and has the best rates for term deposits. Very easy to set up and manage. Great customer service too.

    Price
    8 / 10
    Features
    8 / 10
    Customer service
    8 / 10
    Convenience
    10 / 10
    Trust
    9 / 10
    Less
    Barbs, New South Wales, reviewed over 4 years ago
  • ME Term Deposit review

    Overall rating   6 / 10
    No fuss budget banking

    No account keeping fees and very competitive interest rates

    Price
    6 / 10
    Features
    5 / 10
    Customer service
    6 / 10
    Convenience
    3 / 10
    Trust
    6 / 10
    Less
    Jeff, Tasmania, reviewed over 4 years ago
  • ME Term Deposit review

    Overall rating   0 / 10
    Terrible banking organisation

    Hopeless bank, don't touch them! They make mistakes & take days to fix them & even then they're not right!

    Price
    0 / 10
    Features
    0 / 10
    Customer service
    0 / 10
    Convenience
    0 / 10
    Trust
    0 / 10
    Less
    Teresa, Queensland, reviewed almost 5 years ago
  • ME Term Deposit review

    Overall rating   10 / 10
    Best rate & great service

    Highest rate for term deposit, so easy, customer support was fast, respectful and helpful.

    Price
    10 / 10
    Features
    10 / 10
    Customer service
    10 / 10
    Convenience
    10 / 10
    Trust
    10 / 10
    Less
    Sally, South Australia, reviewed about 5 years ago
  • ME Term Deposit review

    Overall rating   7 / 10
    Efficient and easy to deal with

    Notifications of end of term are prompt and their personalised service is refreshing.

    Price
    5 / 10
    Features
    5 / 10
    Customer service
    7 / 10
    Convenience
    3 / 10
    Trust
    7 / 10
    Less
    Lisa, Queensland, reviewed over 5 years ago
  • ME Term Deposit review

    Overall rating   4 / 10
    What used to be is now no longer

    ME bank was the king of the crop including majors for the best deposit rates, and Customer Service. On line access and info available was OK at best. Then came the closure of branches so much that in the ACT you have to travel to the city centre to access an only branch. But there was acceptable on-line facilities. Then in late 2014 came the IT system upgrade where basic information to manage accounts like interest rate and term expiry date is no longer provided. So my options for getting info on accounts is to drive 40 kms each way or long wait on call centres. Despite forms giving clear directions, re-investment errors are common and getting them fixed is a nightmare. I am seriously re-considering removing several hundred thousand dollars in family members accounts and going elsewhere. Worst they cannot even tell you when basic online info will be available. They also reported wrong interest info to Tax Dept last year.

    Price
    8 / 10
    Features
    8 / 10
    Customer service
    4 / 10
    Convenience
    5 / 10
    Trust
    4 / 10
    Less
    Claude, Australian Capital Territory, reviewed over 5 years ago
  • ME Term Deposit review

    Overall rating   3 / 10
    Better rates than most other banks I have to say

    Due to corporate greed by the CEO and shareholders, rates are constantly in favour of the Bank's profit margins.

    Price
    0 / 10
    Features
    2 / 10
    Customer service
    2 / 10
    Convenience
    1 / 10
    Trust
    10 / 10
    Less
    Tod, Victoria, reviewed over 5 years ago
  • ME Term Deposit review

    Overall rating   10 / 10
    Safest return

    Offer the highest & safest return of any bank. People need to be aware that if they live outside a capital city they will have difficulty setting up an account.

    Price
    10 / 10
    Features
    10 / 10
    Customer service
    5 / 10
    Convenience
    5 / 10
    Trust
    8 / 10
    Less
    Neil, Victoria, reviewed over 5 years ago
  • ME Term Deposit review

    Overall rating   3 / 10
    Good interest rates

    ME Bank has lost its original concept. A bank for the battler, the worker. Now, it is run by greedy executives.

    Price
    3 / 10
    Features
    1 / 10
    Customer service
    1 / 10
    Convenience
    3 / 10
    Trust
    6 / 10
    Less
    Tod, Victoria, reviewed over 5 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.

    Term deposit comparisons on Mozo - rates updated daily

    • Online Term Deposit

      interest rate*
      1.00% p.a.
      1 year
      Minimum deposit
      $5,000
      Govt Deposit Guarantee
      Yesup to $250,000

      Promoted
    • Term Deposit

      interest rate*
      0.70% p.a.
      3 months
      Minimum deposit
      $10,000
      Govt Deposit Guarantee
      Yesup to $250,000

      Promoted
    • Term Deposit

      interest rate*
      0.80% p.a.
      6 months
      Minimum deposit
      $25,000
      Govt Deposit Guarantee
      Yesup to $250,000

      Promoted
    • Term Deposit

      interest rate*
      0.80% p.a.
      1 year
      Minimum deposit
      $25,000
      Govt Deposit Guarantee
      Yesup to $250,000

      Promoted
    • Term Deposit

      interest rate*
      0.85% p.a.
      6 months
      Minimum deposit
      $25,000
      Govt Deposit Guarantee
      Yesup to $250,000

      Promoted

    *Different interest rates apply to different amounts or different interest payment frequencies.

    Want more? Compare all 87 term deposits in the Mozo comparison engine.

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    About Mozo community reviews

    Mozo gives you the inside story on the best banking, energy and insurance products as rated by thousands of real customers around Australia. We don't make subjective judgments, nor do advertisers influence our ratings. Although our reviews may be moderated to improve quality standards, they are moderated independently of any of Mozo’s commercial relationships.