Media Centre

This section of our website will be useful for those people who are interested in ME Bank's current initiatives and community activities, particularly the media.

ME Bank welcomes media enquires and is happy to assist journalists with information about the bank, or comment about industry issues.

21 December 2011

Home Loan Key Facts Sheets are now available

A Home Loan Key Facts Sheet (HLKFS) will summarise the key facts about our standard home loans, such as interest rates, the total cost of a loan, repayments and an explanation of how monthly repayments will be affected if interest rates increase or if you roll from a fixed rate.

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13 December 2011

ME Bank Household Financial Health Dynamics Report Launches

New report set to shed light on Australian household finance

ME Bank will today launch a new report aimed at shedding fresh light on:

  1. The way Australian households feel about their financial comfort;
  2. The actual financial state of Australian households, and;
  3. The relationship between the two.

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6 December 2011

ME Bank passes on full RBA rate cut

Reinforces commitment to genuinely fairer banking

ME Bank has committed to passing on the Reserve Bank's latest rate cut in full to its standard variable rate home loan customers, following the RBA's announcement earlier today.

"As part of our commitment to looking after customers over the long term and offering a fairer banking alternative, ME Bank has decided to pass on the full 0.25% p.a. reduction to our customers," said Mr Jamie McPhee, Chief Executive Officer.

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2 November 2011

ME Bank to pass on RBA rate cut

Reinforces commitment to fair banking

Following the Reserve Bank of Australia's (RBA) decision yesterday to cut interest rates by 25 basis points – the first time in two and a half years – ME Bank announced it will reduce its rate by the full 0.25% on all variable rate Home Loan products. The standard variable rate for industry super fund and union members will be 6.99%p.a and the Member Package rate will be 6.74%p.a.

ME Bank Group Executive Brand, Product and Distribution, Ian Hendey believes the move highlights the importance of acting in the best interest of customers, especially in an environment where concern over shareholder profit often supersedes customer-centric strategy.

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26 October 2011

Pink is always in fashion

The Melbourne Cup and Racing Carnival is just around the corner, and according to Victorian Racing Club Australians are set to spend a total of $728 million this year to hit the races in style.

If last year is anything to go by then we'll be spending $110 Million at Tabcorp, $26 Million in frock shops and a similar amount on hats, fascinators, footwear, gloves, jewellery and beauty treatments.

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14 September 2011

With EveryDay purchases on ME Bank's PINK Debit Card, you can give to breast cancer research

A new debit card launched by ME Bank is helping consumers raise funds for the National Breast Cancer Foundation through their everyday purchases.

With each purchase made using the new PINK Debit MasterCard, ME Bank will donate one cent to the National Breast Cancer Foundation.

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6 September 2011

One-quarter of ME Bank's new home borrowers seek fixed rate loans

One in four of ME Bank's new home loan customers last week decided to fix the interest on their home loans rather than risk the vagaries of the economy or changes to standard variable interest rates.

Ian Hendey, Group Executive, Brand, Product and Distribution said part of the attraction of fixing the rate could be ME Bank's fixed home loan interest rate of 6.35% p.a. over three years, the lowest in the market.

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30 August 2011

Thank you for again rating us No. 1 among the banks in Customer Satisfaction

Source: Roy Morgan Research, Customer Satisfaction report – June 2011 and July 2011. (Any Financial Institution, six month moving average).

26 August 2011

Fixing uncertainty – ME Bank responds to job insecurities

ME Bank today announced it will lower its three year fixed rate to 6.35%, making it the lowest on the market.

The move comes as the Australian Council of Trade Unions (ACTU) revealed an increasing number of working Australians are concerned about their job security.

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19 August 2011

ME Bank wins another high profile award

ME Bank has taken out the First Home Saver Account category at this year's Australian Financial Review Smart Investor Blue Ribbon Awards.

Savings products from over 30 financial institutions were reviewed in this category, from information provided by independent research organisations including InfoChoice, Morningstar and Rice Warner Actuaries. All products were judged on their interest rates, features and fees.

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11 August 2011

ME Bank wins Gold for Best Low Rate Credit Card

Following in the footsteps of last week's prestigious Gold Medal Award for its Home Loan Package at the Mortgage of the Year Awards, ME Bank has won gold again, with Your Money Magazine awarding ME Bank a Gold Medal for Best Low Rate Credit Card.

The Your Money research team examined all major low rate credit cards in the market, dividing them into three separate categories by types of spenders.

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3 August 2011

RBA does not. ME Bank does.

ME Bank has announced today it will reduce the standard variable interest rate on its home loan package from 7.09% to 6.99% at the same time the Reserve Bank of Australia has decided to keep the cash rate on hold.

Ian Hendey, Group Executive, Brand, Product and Distribution at ME Bank said the decision to drop its rate by 10 basis points was driven by a commitment to offering low cost, value for money home loans. "ME Bank's home loans are transparent and benefit customers across all loan sizes not just the large ones and they can be sure of receiving a great rate over the life of their loan."

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31 July 2011

ME Bank wins Gold at Mortgage of the Year Awards

ME Bank has been awarded a Gold Medal for its new home loan package at the 2011 Your Mortgage Magazine's Mortgage of the Year Awards.

ME Bank Group Executive, Brands, Products and Distribution, Ian Hendey, said the award was recognition that the Member Package, launched less than four months ago, was the best value for customers over the life of their loan not just the first 12 months.

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29 June 2011

How the Federal Government's ban on home loan exit fees will affect you

ME Bank welcomes Friday's ban by the Federal Government on home loan exit fees. For too long, existing customers have been trapped into home loans and forced to watch their bank bend over backwards to lure new customers with special deals.

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8 May 2011

What you've been waiting for: ME Bank launches the EveryDay Transaction Account

  • Limited PINK Debit MasterCard® will allow customers to support the National Breast Cancer Foundation every time they make a credit or EFTPOS purchase
  • Until 28 June, EveryDay Transaction Account customers will have the chance to win a trip to New Zealand to see the Wallabies in the 2011 Rugby World Cup

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8 Apr 2011

ME Bank awarded CANSTAR Blue Most Satisfied
Customers Award

  • ME Bank beats out challenger banks for top spot in Australia's leading
    analysis of customer satisfaction ratings
  • Award is further recognition that ME Bank's low cost, simple and fair approach is working for customers

The results for the latest CANSTAR Blue Most Satisfied Customers Award have been finalised, with ME Bank awarded the 2011 Most Satisfied Customers Award in the challenger banks category.

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30 Mar 2011

ME BANK nominated for CHOICE Awards'
Best Online Savings Account

ME Bank has been nominated for the inaugural CHOICE Award 2011 - Best Online Savings Account.

"To be nominated in the Online Savings Account category, from the independent voice for Australian consumers is welcome news for ME Bank. We know our customers have been enjoying the benefits of our simplified banking products. To be recognised by the people's watchdog is further vindication of our continued mission to give members of industry super funds and unions better value banking," said Ian Hendey, Executive Manager, Brand, Products and Distribution.

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22 Mar 2011

ME Bank launches simple, low cost home loan package for members of industry super funds and unions

  • Variable rate of 7.09% p.a. available for all loan sizes, not just higher balances
  • Member Package customers can fix part of their loan at no extra cost and take advantage of one of the leading 3yr fixed rates of 7.25%p.a.

ME Bank today announced the launch of the ME Bank Member Package, an all-in-one product exclusive to members of industry super funds and unions, offering simplified banking solutions including a lower interest home loan, 100% offset transaction facility with no transaction fees and a low rate MasterCard with no annual fee.

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