Choose the version of this product that suits you best
Name | |
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Incentive Saver Account |
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Incentive Saver Account (Kids) |
Balances from $0: 1.85% p.a. |
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Balances from $0: 5.25% p.a. |
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Intro bonus rate of 5.25% for balances up to $250,000 for the first 3 months, reverting to 5.15%. Balance must grow by at least $50 a month. If under 21, balance must grow by $0.01 a month (excluding interest). |
$0.00 |
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n/a |
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Unlimited transactions from network ATM, phone, internet, EFTPOS and counter deposits and withdrawals |
|
$0.00 |
|
Bank of Melbourne, BankSA, St George, Westpac |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
$1.00 |
|
$0.00 |
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Monthly |
yes |
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$2,000.00 |
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no |
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no |
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no |
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yes |
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no |
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yes |
|
yes |
|
yes |
|
yes |
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none |
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0.10% extra intro bonus rate if the account is opened online. |
|
none |
^See information about the Mozo Expert Choice Awards
Balances from $0: 1.85% p.a. |
|
Balances from $0: 5.15% p.a. |
|
Intro bonus rate of 5.25% for balances up to $250,000 for the first 3 months, reverting to 5.15%. Grow the account balance by any amount each month. |
$0.00 |
|
n/a |
|
Unlimited transactions from network ATM, phone, internet, EFTPOS and counter deposits and withdrawals |
|
$0.00 |
|
Bank of Melbourne, BankSA, St George, Westpac |
|
$0.00 |
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$0.00 |
|
$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
$1.00 |
|
$0.00 |
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Monthly |
yes |
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$2,000.00 |
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no |
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no |
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no |
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yes |
|
no |
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yes |
|
yes |
|
yes |
|
yes |
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none |
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0.10% extra intro bonus rate if the account is opened online. |
|
Up to 15 |
^See information about the Mozo Expert Choice Awards
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.
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.
Read full reviewWhen 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.
They offer excellent products, have highly skilled and friendly staff and have always been very helpful whenever I've needed them.
Read full reviewThey offer excellent products, have highly skilled and friendly staff and have always been very helpful whenever I've needed them.
Westpac is a reliable bank. They have very good security and very good online service.
Read full reviewWestpac is a reliable bank. They have very good security and very good online service.
I will stay with this bank forever, I love it!
Read full reviewI will stay with this bank forever, I love it!
Savings Account
5.35% p.a. (for $0 to $250,000)
4.75% p.a.(for $0 to $1,000,000)
Yes up to $250,000
Savings Maximiser
5.50% p.a. (for $0 to $100,000)
0.55% p.a.(for $0 and over)
Yes up to $250,000
Bonus Saver
5.00% p.a. (for $0 and over)
1.00% p.a.(for $0 and over)
Yes up to $250,000
Savings Accelerator
3.55% p.a. (for $0 to $50,000)
2.85% p.a.(for $0 to $50,000)
Yes up to $250,000
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
1.85% p.a.(for $0 and over)
Yes up to $250,000
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
0.05% p.a.(for $0 and over)
Yes up to $250,000
Savings Account
5.35% p.a. (for $0 to $250,000)
Yes up to $250,000
4.75% p.a.(for $0 to $1,000,000)
Savings Maximiser
5.50% p.a. (for $0 to $100,000)
Yes up to $250,000
0.55% p.a.(for $0 and over)
Bonus Saver
5.00% p.a. (for $0 and over)
Yes up to $250,000
1.00% p.a.(for $0 and over)
Bonus Saver Account
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
0.05% p.a.(for $0 and over)
Life - 18-29 years old
5.20% p.a. (for $0 to $30,000)
Yes up to $250,000
1.85% p.a.(for $0 and over)
Savings Accelerator
3.55% p.a. (for $0 to $50,000)
Yes up to $250,000
2.85% p.a.(for $0 to $50,000)
Savings Maximiser
0.55% p.a.(for $0 and over)
5.50% p.a. (for $0 to $100,000)
Yes up to $250,000
Bonus Saver
1.00% p.a.(for $0 and over)
5.00% p.a. (for $0 and over)
Yes up to $250,000
Bonus Saver Account
0.05% p.a.(for $0 and over)
5.00% p.a. (for $0 to $250,000)
Yes up to $250,000
Kids Bonus Saver
0.05% p.a.(for $1 and over)
0.85% p.a. (for $5,556 and over)
Yes up to $250,000
Ziggy Kids Saver
0.01% p.a.(for $0 and over)
3.01% p.a. (for $0 and over)
Yes up to $250,000
Progress Saver
0.01% p.a.(for $0 and over)
4.25% p.a. (for $0 and over)
Yes up to $250,000