7.8 / 10

based on 889 Bank of Melbourne reviews as rated by Mozo community

Bank of Melbourne savings accounts

Formerly St.George in Victoria, The Bank of Melbourne provides a banking alternative to customers with its large range of products in home, personal and business banking. Based in Victoria the Bank of Melbourne offers its customers bank accounts, credit cards, term deposits, private banking services, home loans and personal loans.

Bank of Melbourne offers the following savings accounts

Rates and fees verified as correct at 18 June, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
Incentive Saver Account

0.20% p.a.(for $0 and over)

0.45% p.a. (for $0 and over)

Yes up to $250,000

Incentive Saver Account (Kids)

0.20% p.a.(for $0 and over)

0.45% p.a. (for $0 and over)

Yes up to $250,000

Investment Cash Account

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

No Current Offer

Yes up to $250,000

Maxi Saver

0.05% p.a.(for $0 and over)

0.45% p.a. (for $0 and over)

Yes up to $250,000

How are Bank of Melbourne savings accounts rated?

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.

Icon of savings-accounts
Bank of Melbourne savings accounts
Overall
8.1/10
Price
Features
Customer service
Convenience
Trust

174 Reviews

Recent Bank of Melbourne savings account reviews

Bank of Melbourne Incentive Saver Account review
Overall 1/10
Not good service

When there is a problem such as transferring from one bank account to another we had our accounts frozen until we could provide evidence were the money came from. We made numerous calls from our mobile and inside the bank itself. It was a total disgrace bank of Melbourne treated like criminals always using the excuse of money laundering or scams. When we have been loyal customers for many years and this is how you are treated disgusting.

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When there is a problem such as transferring from one bank account to another we had our accounts frozen until we could provide evidence were the money came from. We made numerous calls from our mobile and inside the bank itself. It was a total disgrace bank of Melbourne treated like criminals always using the excuse of money laundering or scams. When we have been loyal customers for many years and this is how you are treated disgusting.

Price
2/10
Features
2/10
Customer service
1/10
Convenience
1/10
Trust
2/10
Less
Graham, Victoria, reviewed 24 days ago
Bank of Melbourne Savings Account review
Overall 10/10
Excellent customer service.

Bank of Melbourne was wonderful to deal with when I experienced Covid-19 related hardships. They allowed me to suspend my mortgage and sent me a $100 food voucher. 10/10 would recommend. Treat yourself to the Bank of Melbourne.

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Bank of Melbourne was wonderful to deal with when I experienced Covid-19 related hardships. They allowed me to suspend my mortgage and sent me a $100 food voucher. 10/10 would recommend. Treat yourself to the Bank of Melbourne.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Bronwyn, Victoria, reviewed 2 months ago
Bank of Melbourne Savings Account review
Overall 5/10
Products are good but service is poor.

The products are reasonable, but the follow-up service when there is an issue is really lacking to the point of unprofessional. They only act on something to rectify it when they are reported to AGFA.

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The products are reasonable, but the follow-up service when there is an issue is really lacking to the point of unprofessional. They only act on something to rectify it when they are reported to AGFA.

Price
7/10
Features
7/10
Customer service
7/10
Convenience
9/10
Trust
5/10
Less
Gina, Victoria, reviewed 3 months ago
Bank of Melbourne Savings Account review
Overall 10/10
Excellent bank

Easy and very friendly fast and efficient

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Easy and very friendly fast and efficient

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Lorraine, Victoria, reviewed 3 months ago

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