Want a savings account with one of the highest interest rates in the market that's free of the bite of fees? Well, the ME Online Savings Account could be for you!
Not only will you receive a generous 1.55% interest rate but you'll pay $0 account keeping and transaction fees. It's no wonder the ME Online Savings Account was named as a winner of a 2020 Mozo Experts Choice Award in the best Regular Saver category.
Just keep in mind, to receive that 1.55% rate you'll need to link your Online Savings Account to ME's EveryDay Transaction Account, and make four monthly "tap and go" purchases using its Buck debit card.
The ME Bank Online Savings Account really is a great value product. The standard interest rate is 0.10%, which has no conditions attached, so you can simply deposit your money into the account and set and forget. But why would you do that when there is a competitive 1.55% interest rate up for grabs?
All you need to do to nab that rate is open ME's Everyday Transaction Account and link it to your Online Savings Account. When you open the transaction account you'll receive a Buck debit card and as long as you make four tap and go purchases each month, the 1.55% interest rate will be applied to your Online Savings Account.
Other features of the savings account include, fee free transactions online and over the phone. And just like most savings accounts, no ATM access is included in the Online Savings Account. But that's what you have the Everyday Transaction Account for, right?
The ME Bank Online Savings Account is great for anyone looking for a competitive bonus rate on their savings account to grow their money.
Balances from $0: 0.10% p.a.
Balances from $0: 1.55% p.a.
Balances from $250,000: 0.10% p.a.
Ongoing bonus rate if you make at least four tap & go™ payments per month with your Everyday Transaction Account debit card. Purchases must be processed in calendar month to be eligible for bonus interest.
$0.00
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Unlimited free transactions from internet and app.
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$0.00
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Monthly
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none
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yes
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Must link to a transaction account
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Their interest rates are among the best in Australia. The savings accounts tabs are easy to use and are easy to understand.
Read full reviewTheir interest rates are among the best in Australia. The savings accounts tabs are easy to use and are easy to understand.
Competitive and easy to apply online. Tap and go the required amount of times will get you the bonus variable interest. Only drawback is there's no branches available.
Read full reviewCompetitive and easy to apply online. Tap and go the required amount of times will get you the bonus variable interest. Only drawback is there's no branches available.
Good interest rate but no Apple Pay.
Read full reviewGood interest rate but no Apple Pay.
Good interest rate, low fees.
Read full reviewGood interest rate, low fees.
Great bank with great rates and customer service. Can use pretty much most ATMs without incurring a fee (for the linked everyday transaction account). Online banking is easy and simple to use. Call centre is Australian and they're great. One of my favourite banks.
Read full reviewGreat bank with great rates and customer service. Can use pretty much most ATMs without incurring a fee (for the linked everyday transaction account). Online banking is easy and simple to use. Call centre is Australian and they're great. One of my favourite banks.
ME stands for a new kind of banking - one that's fairer, more transparent and is committed to great deals for its customers. ME was created by Australia's leading super funds and has 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.
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