Bank of Melbourne Term Deposit

2.45% p.a.1 year

yes

 

Rates

  • 1.50% p.a. ($1,000 to $250,000)

  • 1.70% p.a. ($1,000 to $250,000)

  • 2.05% p.a. ($1,000 to $250,000)

  • 1.85% p.a. ($1,000 to $250,000)

  • 1.85% p.a. ($1,000 to $250,000)

  • 2.15% p.a. ($1,000 to $250,000)

  • 1.90% p.a. ($1,000 to $250,000)

  • 1.90% p.a. ($1,000 to $250,000)

  • 1.90% p.a. ($1,000 to $250,000)

  • 1.90% p.a. ($1,000 to $250,000)

  • 1.90% p.a. ($1,000 to $250,000)

  • 2.45% p.a. ($1,000 to $250,000)

  • 2.50% p.a. ($1,000 to $250,000)

  • 2.60% p.a. ($1,000 to $250,000)

  • 2.70% p.a. ($1,000 to $250,000)

  • 2.80% p.a. ($1,000 to $250,000)

  • yes

  • yes

  • 31 days notice required if customers want to withdraw their funds before the maturity date.

  • none

About Bank of Melbourne

Formerly St.George in Victoria, The Bank of Melbourne provides a banking alternative to customers with its large range of products in home, personal and business banking. Based in Victoria the Bank of Melbourne offers its customers bank accounts, credit cards, term deposits, private banking services, home loans and personal loans.

How are Bank of Melbourne term deposits rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
8.0

Based on 4
Bank of Melbourne term deposits reviews

7.8 7.0 8.5 8.5 8.5

Read Bank of Melbourne term deposit reviews by the Mozo community

Latest reviews of Bank of Melbourne Term Deposit

Bank of Melbourne

Bank of Melbourne Term Deposit term deposit review

Overall rating   8 / 10

Bank of Melbourne lives in our world!

Love the fact that my money isn't locked away for the term and even if I make withdrawals, the interest rate is unaffected. Besides, every few monthly intervals, I can negotiate the interest rate for extension of term deposit. Very happy!

Full review

Love the fact that my money isn't locked away for the term and even if I make withdrawals, the interest rate is unaffected. Besides, every few monthly intervals, I can negotiate the interest rate for extension of term deposit. Very happy!

    Price   8 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Mozo reviewer (VIC), reviewed over 4 years ago

Bank of Melbourne

Bank of Melbourne Term Deposit term deposit review

Overall rating   8 / 10

Great customer service

Great customer service, explaining options. Fixed term deposit rate wasn't great but now interest rates have dropped further. OK at 4.5% over 12 months!

Full review

Great customer service, explaining options. Fixed term deposit rate wasn't great but now interest rates have dropped further. OK at 4.5% over 12 months!

    Price   7 / 10

    Features   5 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Helen (VIC), reviewed over 4 years ago

Bank of Melbourne

Bank of Melbourne Term Deposit term deposit review

Overall rating   10 / 10

Staff go out of their way to be helpful

I was looking for great interest rates, I contacted numerous banks and this one not only provided those, but also took the time to explain all the details (it was the first time that I decided on term deposits). It was easy and pleasant.

Full review

I was looking for great interest rates, I contacted numerous banks and this one not only provided those, but also took the time to explain all the details (it was the first time that I decided on term deposits). It was easy and pleasant.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   -1 / 10

Less

Jennifer (VIC), reviewed over 4 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

*Different interest rates apply to different amounts or different interest payment frequencies.

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