7.8 / 10

based on 873 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 20 January, 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)

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

Yes up to $250,000

Incentive Saver Account (Kids)

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

0.60% 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)

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

Yes up to $250,000

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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

167 Reviews

Recent Bank of Melbourne savings account reviews

Bank of Melbourne Savings Account review
Overall 10/10
Perfect

Open on Saturdays and the hours are great.

Read full review

Open on Saturdays and the hours are great.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Katica, Victoria, reviewed 3 months ago
Bank of Melbourne Savings Account review
Overall 10/10
Great

It's clear way.

Read full review

It's clear way.

Price
10/10
Features
10/10
Customer service
8/10
Convenience
10/10
Trust
10/10
Less
Raydan, Victoria, reviewed 6 months ago
Bank of Melbourne Incentive Saver Account review
Overall 9/10
Customer focused and excellent product offering.

They offer excellent products, have highly skilled and friendly staff and have always been very helpful whenever I've needed them.

Read full review

They offer excellent products, have highly skilled and friendly staff and have always been very helpful whenever I've needed them.

Price
10/10
Features
10/10
Customer service
9/10
Convenience
8/10
Trust
9/10
Less
Jonathon, Victoria, reviewed about 1 year ago
Bank of Melbourne Incentive Saver Account review
Overall 8/10
Excellent

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

Read 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 about 2 years ago

Savings account quick links