ME logo
Mini meca 2024
Interest rate
0.55% p.a.(for $0 and over)
Maximum rate
5.55% p.a. (for $1 to $100,000)
Govt deposit guarantee
Yes up to $250,000

Mozo editorial review ME HomeME - last updated: 24 October 2023

binocular icon
What's hot
  • 5.55% p.a. maximum rate on balances up to $100,000
  • No account keeping fees
What's not
  • 0.55% p.a. base variable rate
Mozo snapshot

Saving for a home just got a lot easier with the ME HomeME Savings Account. Clocking in at a competitive 5.55% maximum interest rate for balances up to $100,000 and no ongoing account fees, this could be a future homeowners best friend. 

key icon
Key features

The rundown for the ME HomeME Savings Account is that it offers a base variable rate of 0.55% p.a. and a bonus rate of 5.00% p.a. on balances up to $100,000. If your account balance exceeds $100,000 but is under 1 million, there is a reduced bonus rate of 2.45% p.a. 

There’s a couple of things you need to do to get that sweet bonus rate, first off you need to deposit at least $2,000 into the linked SpendME Transaction Account every month. You also need to grow the balance of your HomeME Savings Account by putting money in there on the regular. There are also no applicable bonus rates to balances over 1 million. 

The HomeME Savings Account is housed on the Me GO app and not the usual internet banking most savings accounts are accessed through. 

There are no account keeping fees on the Savings Account or linked Transaction Account, however there are some additional costs if you happen to lose your card, want to change the colour or make an error in a payment. Be sure to read the fees guide for the extra costs for the small things that could happen.

snapshot
Who is it good for

The ME HomeME Savings Account is good for those who are saving to buy a home and are consistent with their savings schedule in order to get that max rate.

question icon
Any catches

While this account has a great maximum rate, it is capped at a certain balance and has specific requirements to meet otherwise it goes back to a relatively low variable rate.

Details

Rates and fees information correct as at 25 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.55% p.a.

Balances from $1: 5.55% p.a.
Balances from $100,000: 3.00% p.a.
Balances from $1,000,001: 0.55% p.a.

Minimum $2000 must be deposited into connected SpendME account and have a higher closing balance than the last month.

Fees

$0.00

n/a

Unlimited free app transfers to linked bank account.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

$0.00

n/a

Other financial bits

$0.00

$0.00

Monthly

Features

no

n/a

no

no

no

no

no

no

yes

no

no

Must link to a SpendME transaction account

none

none

Customer Reviews

How are ME savings accounts rated by the Mozo community?

Overall
8.3/10
Price
8.3/10
Features
7.4/10
Customer service
8.2/10
Convenience
7.4/10
Trust
8.4/10
Based on 413 ME savings account reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

About ME

Thumbnail icon for Rabobank
Rabobank

High Interest Savings Account

5.75% p.a. (for $0 to $250,001)

4.40% p.a.(for $0 to $250,001)

Yes up to $250,000

Thumbnail icon for Macquarie
Macquarie

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

Thumbnail icon for Rabobank
Rabobank

PremiumSaver

5.45% p.a. (for $0 to $250,001)

1.50% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for ING
ING

Savings Maximiser

5.50% p.a. (for $0 to $100,000)

0.55% p.a.(for $0 and over)

Yes up to $250,000

Thumbnail icon for IMB Bank
IMB Bank

Reward Saver Account

5.25% p.a. (for $0 to $1,000,000)

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

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

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

Thumbnail icon for First Option Bank
First Option Bank

Savings+Bonus

5.00% p.a. (for $0 to $250,000)

2.00% p.a.(for $0 to $250,000)

Yes up to $250,000

Thumbnail icon for ING
ING

Savings Accelerator

3.35% p.a. (for $0 to $50,000)

2.85% p.a.(for $0 to $50,000)

Yes up to $250,000

Thumbnail icon for Rabobank
Rabobank

High Interest Savings Account

5.75% p.a. (for $0 to $250,001)

Yes up to $250,000

4.40% p.a.(for $0 to $250,001)

Thumbnail icon for Macquarie
Macquarie

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)

Thumbnail icon for IMB Bank
IMB Bank

Reward Saver Account

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

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

Thumbnail icon for ING
ING

Savings Maximiser

5.50% p.a. (for $0 to $100,000)

Yes up to $250,000

0.55% p.a.(for $0 and over)

Thumbnail icon for Rabobank
Rabobank

PremiumSaver

5.45% p.a. (for $0 to $250,001)

Yes up to $250,000

1.50% p.a.(for $0 and over)

Thumbnail icon for MyState Bank
MyState Bank

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)

Thumbnail icon for First Option Bank
First Option Bank

Savings+Bonus

5.00% p.a. (for $0 to $250,000)

Yes up to $250,000

2.00% p.a.(for $0 to $250,000)

Thumbnail icon for ING
ING

Savings Accelerator

3.35% p.a. (for $0 to $50,000)

Yes up to $250,000

2.85% p.a.(for $0 to $50,000)

Thumbnail icon for IMB Bank
IMB Bank

Reward Saver Account

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

5.25% p.a. (for $0 to $1,000,000)

Yes up to $250,000

Thumbnail icon for MyState Bank
MyState Bank

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

Thumbnail icon for Rabobank
Rabobank

Notice Saver

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

4.90% p.a. (for $0 to $250,001)

Yes up to $250,000

Thumbnail icon for First Option Bank
First Option Bank

Kids Bonus Saver

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

0.85% p.a. (for $5,556 to $50,001)

Yes up to $250,000

Thumbnail icon for Auswide Bank
Auswide Bank

Ziggy Kids Saver

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

3.01% p.a. (for $0 and over)

Yes up to $250,000

Thumbnail icon for ANZ
ANZ

Progress Saver

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

4.25% p.a. (for $0 and over)

Yes up to $250,000

Compare other savings accounts