8.3/10

Based on 2145 ME product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

ME term deposits

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 originally created by Australia's leading super funds and is now owned by Bank of Queensland, it 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. 

ME offers the following term deposits

Rates and fees verified as correct at 28 May 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Best rate (up to 1 year) Minimum Deposit Interest paid to another bank?
Term Deposit

5.00% p.a.1 year ($5,000 to $)

$5,000.00

yes

How are ME term deposits rated?

Mozo users have rated ME term deposits on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of term-deposits
ME term deposits customer reviews
Overall
7.7/10
Price
8.0/10
Features
6.9/10
Customer service
7.4/10
Convenience
6.6/10
Trust
7.9/10
Based on 55 ME product 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.

Recent ME term deposit reviews

ME Term Deposit
Overall 1/10
No transparency - additional fee careful

Me bank term deposit has a break early fee, not just the interested that gets affected. Be mindful when opening an account with them.

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Me bank term deposit has a break early fee, not just the interested that gets affected. Be mindful when opening an account with them.

Price
1/10
Features
1/10
Convenience
1/10
Trust
1/10
Less
Alana, New South Wales, reviewed 8 months ago
ME Term Deposit
Overall 10/10
Staff were extremely patient with all my Q&A

Creating a term deposit with ME Bank required a couple of phone calls but the service was AAAA rated! Very helpful and patient, the staff walked me through the process and was a delightful to work with!

Read full review

Creating a term deposit with ME Bank required a couple of phone calls but the service was AAAA rated! Very helpful and patient, the staff walked me through the process and was a delightful to work with!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Nigel, Western Australia, reviewed almost 2 years ago
ME Term Deposit
Overall 1/10
Steer clear.

Conveniently forget to pay term deposit interest at maturity. Worse still ignore your internal emails to resolve the matter leaving no option but to waste time calling them being told "I can't do it, I'll have to ask another department". To top it all no explanation or apologies, like we didn't do anything wrong.

Read full review

Conveniently forget to pay term deposit interest at maturity. Worse still ignore your internal emails to resolve the matter leaving no option but to waste time calling them being told "I can't do it, I'll have to ask another department". To top it all no explanation or apologies, like we didn't do anything wrong.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Boon, Western Australia, reviewed almost 4 years ago
ME Term Deposit
Overall 1/10
Hopeless. Avoid the frustration and incompetence

Recently tried to put in 300k on a fixed term via their interface, got a text back saying they needed more personal info and to call their support line. Three attempted calls later of some 90 minutes duration in total and having to listen to the continuous roll out of their Covid 19 chestnut, I gave up and sent en email. Still no response and after a week in total went elsewhere. If you like dealing with automated software, an institution that has no facilities that doesn't employ sufficient people to man a support centre capable of dealing with anything other than a low median call rate then this is the Bank.

Read full review

Recently tried to put in 300k on a fixed term via their interface, got a text back saying they needed more personal info and to call their support line. Three attempted calls later of some 90 minutes duration in total and having to listen to the continuous roll out of their Covid 19 chestnut, I gave up and sent en email. Still no response and after a week in total went elsewhere. If you like dealing with automated software, an institution that has no facilities that doesn't employ sufficient people to man a support centre capable of dealing with anything other than a low median call rate then this is the Bank.

Features
5/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Andy, Australian Capital Territory, reviewed almost 4 years ago
See all term deposit reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
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.

Term deposit quick links