based on 2084 ME banking product reviews as rated by Mozo community

ME savings accounts

ME stands for a new kind of banking - one that's fairer, more transparent and is committed to great deals for its customers. ME offers award-winning home loans and term deposits, low-cost savings accounts, country-wide ATM access and banking experts that come to you at your convenience. In 2021, ME was named SMSF Savings Bank of the Year at the Mozo Experts Choice Awards, and it also picked up an individual award for its Online Savings Account which you can find out more about below. 

ME offers the following savings accounts

Rates and fees verified as correct at 26 September, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate Maximum rate Govt deposit guarantee
Online Savings Account

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

1.00% p.a. (for $0 to $250,000)

Yes up to $250,000

How are ME savings accounts rated?

Mozo users have rated ME 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
ME savings accounts
Overall
Price
Features
Customer service
Convenience
Trust

399 Reviews

Recent ME savings account reviews

ME Savings Account
Overall 3/10
CUSTOMER SERVICE TEAM HELPFUL BUT INCOMPETENT

I NEEDED TO OBTAIN THE BALANCES OF MY ACCOUNTS WHICH HAD TO BE ON OFFICIAL ME BANK LETTERHEAD. UNFORTUNATELY ME ONLY PROVIDES A TRANSACTION LISTING WHICH DIDN'T FULFIL MY REQUIREMENTS IN THIS INSTANCE. THEY OFFERED TO FURNISH ME WITH A MANUAL BALANCE REQUEST LETTER - WHICH WOULD FULFIL MY REQUIREMENT. AFTER A WEEK I RECEIVED AN EMAIL, BUT WAS INCORRECT. THEY APOLOGISED AND SAID IT WOULD BE RESENT WITH CORRECT DATES AND BALANCES. THEY DID SEND AGAIN, BUT WITHOUT NECESSARY CORRECTIONS. I HAVE NOW RECEIVED 6 EMAILS - STILL NOT CORRECT. I HAVE HAD CONVERSATIONS WITH 7 OF THEIR CONSULTANTS WHO ARE ALWAYS POLITE, APOLOGISING FOR THE ERRORS. SOMEWHERE "UP THE CHAIN" THEY COULDN'T MANAGE TO GIVE ME THE CORRECT INFORMATION. THE LAST CONSULTANT OFFERED TO POST THE LETTER TO ME, GIVEN THAT THE MOST RECENT EMAIL COULD NOT BE OPENED WITH THE PASSWORD I HAD USED FOR ALL THE PREVIOUS EMAILS. SHE IS NOW SENDING THE LETTER VIA AUSTRALIA POST! I HAVE BEEN A LOYAL CUSTOMER FOR AT LEAST 15 YEARS. I AM NOW CANCELLING MY ACCOUNTS AND HEADING TO ANOTHER BANK. VERY DISAPPOINTED AND FRUSTRATED.

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I NEEDED TO OBTAIN THE BALANCES OF MY ACCOUNTS WHICH HAD TO BE ON OFFICIAL ME BANK LETTERHEAD. UNFORTUNATELY ME ONLY PROVIDES A TRANSACTION LISTING WHICH DIDN'T FULFIL MY REQUIREMENTS IN THIS INSTANCE. THEY OFFERED TO FURNISH ME WITH A MANUAL BALANCE REQUEST LETTER - WHICH WOULD FULFIL MY REQUIREMENT. AFTER A WEEK I RECEIVED AN EMAIL, BUT WAS INCORRECT. THEY APOLOGISED AND SAID IT WOULD BE RESENT WITH CORRECT DATES AND BALANCES. THEY DID SEND AGAIN, BUT WITHOUT NECESSARY CORRECTIONS. I HAVE NOW RECEIVED 6 EMAILS - STILL NOT CORRECT. I HAVE HAD CONVERSATIONS WITH 7 OF THEIR CONSULTANTS WHO ARE ALWAYS POLITE, APOLOGISING FOR THE ERRORS. SOMEWHERE "UP THE CHAIN" THEY COULDN'T MANAGE TO GIVE ME THE CORRECT INFORMATION. THE LAST CONSULTANT OFFERED TO POST THE LETTER TO ME, GIVEN THAT THE MOST RECENT EMAIL COULD NOT BE OPENED WITH THE PASSWORD I HAD USED FOR ALL THE PREVIOUS EMAILS. SHE IS NOW SENDING THE LETTER VIA AUSTRALIA POST! I HAVE BEEN A LOYAL CUSTOMER FOR AT LEAST 15 YEARS. I AM NOW CANCELLING MY ACCOUNTS AND HEADING TO ANOTHER BANK. VERY DISAPPOINTED AND FRUSTRATED.

Price
9/10
Customer service
3/10
Convenience
3/10
Trust
3/10
Less
Lyn, Victoria, reviewed 6 days ago
ME Online Savings Account
Overall 10/10
THE BANK TO BANK WITH

Great Bank, great Staff, fantastic service

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Great Bank, great Staff, fantastic service

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Francis, Victoria, reviewed 4 months ago
ME Online Savings Account
Overall 1/10
Very poor

Poor performer, slow transfers and 7-10 days to clear a bank cheque.

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Poor performer, slow transfers and 7-10 days to clear a bank cheque.

Price
1/10
Features
5/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Manson, Queensland, reviewed 4 months ago
ME Savings Account
Overall 8/10
Great bank, easy to use.

This bank is great, only thing I would say is they're online and phone banking apps aren't as fancy as others with budget tools etc. but they're good for what they are as an online bank.

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This bank is great, only thing I would say is they're online and phone banking apps aren't as fancy as others with budget tools etc. but they're good for what they are as an online bank.

Price
9/10
Features
9/10
Customer service
10/10
Convenience
7/10
Trust
10/10
Less
Claire, Australian Capital Territory, reviewed 5 months ago

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Savings account quick links