8.4 / 10

based on 2036 reviews as rated by Mozo community

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 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.

ME offers the following term deposits

Rates and fees verified as correct at 30 November, 2020. 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

0.80% p.a.1 year

$5,000.00

yes

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

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.

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
Overall
7.7/10
Price
Features
Customer service
Convenience
Trust

53 Reviews

Recent ME term deposit reviews

ME Term Deposit review
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.

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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 4 months ago
ME Term Deposit review
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.

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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 4 months ago
ME Term Deposit review
Overall 7/10
Quite competitive rates.

Online application can be confusing and telephone staff cannot always help with what appears to be a disjunctive office. They will however negotiate better interest rate if asked. THE WORST, ANNOYING THEATRE ADS IN THE CIVILISED WORLD.

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Online application can be confusing and telephone staff cannot always help with what appears to be a disjunctive office. They will however negotiate better interest rate if asked. THE WORST, ANNOYING THEATRE ADS IN THE CIVILISED WORLD.

Price
7/10
Features
5/10
Customer service
1/10
Convenience
2/10
Trust
5/10
Less
David, Queensland reviewed 8 months ago
ME Term Deposit review
Overall 7/10
Good.

Best interest rate.

Read full review

Best interest rate.

Price
10/10
Features
5/10
Customer service
4/10
Convenience
5/10
Trust
6/10
Less
Peter, Victoria reviewed about 1 year ago

Term deposit quick links