| Product | Interest rate | Maximum rate | Govt deposit guarantee |
|---|---|---|---|
| Incentive Saver Account |
1.85% p.a.(for $0 and over) |
5.25% p.a. (for $0 to $250,000) |
Yes up to $250,000 |
| Incentive Saver Account (Kids) |
1.85% p.a.(for $0 and over) |
5.15% p.a. (for $0 to $250,000) |
Yes up to $250,000 |
| Investment Cash Account |
1.00% p.a.(for $0 and over) |
No Current Offer |
Yes up to $250,000 |
| Maxi Saver |
1.10% p.a.(for $0 and over) |
5.15% p.a. (for $0 and over) |
Yes up to $250,000 |
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.
I have been with this bank for quite a number of years and their Customer Service no matter what branch you attend is superior, always welcoming and helpful.
Read full reviewI have been with this bank for quite a number of years and their Customer Service no matter what branch you attend is superior, always welcoming and helpful.
Unfortunately they've just become another bank and closed all their branches which is extremely difficult.
Read full reviewUnfortunately they've just become another bank and closed all their branches which is extremely difficult.
Bank of melbourne they are always willing to help with online banking just a phone call away. Both my children are banking with bank of melbourne
Read full reviewBank of melbourne they are always willing to help with online banking just a phone call away. Both my children are banking with bank of melbourne
The customer service can be exceptional over the phone, when you're prepared to wait & also in an actual bank. However, I'm in a country town. In which they shut down the bank & the ATM. The only way to do banking was online & you had to figure out for yourself that you could use a Westpac ATM. As, there was no notification given. A couple of years down the track now, we may be able to do banking in the Westpac branch. The closest Bank of Melbourne branch is an hour away. I still bank with them due to their service when I need it & the products are okay. Better then the competition.
Read full reviewThe customer service can be exceptional over the phone, when you're prepared to wait & also in an actual bank. However, I'm in a country town. In which they shut down the bank & the ATM. The only way to do banking was online & you had to figure out for yourself that you could use a Westpac ATM. As, there was no notification given. A couple of years down the track now, we may be able to do banking in the Westpac branch. The closest Bank of Melbourne branch is an hour away. I still bank with them due to their service when I need it & the products are okay. Better then the competition.