Looking to grow your savings, but still want access to your cash? This account gives you the goods: ongoing interest, without the commitment of a term deposit.


The drawback? There are no fees at all. (NB: Only a drawback if you love fees.) 


get the interest you crave

With interest calculated daily and paid monthly, this account gives your savings room to spread its wings.

no fees


Get an ongoing interest rate and 24/7 access to your money with no account keeping fees!



Afraid to commit? This account keeps it casual. You don’t need to make a minimum deposit, and you can access your money 24/7 using our online banking services.



Variable base rate                              2.25% p.a.

Savings Combo Bonus Interest       0.95% p.a.*

* Open your first Online Savings Account by 30/07/15, link it to an EveryDay Transaction Account within 14 days to get the 4 month bonus rate on balances up to $250,000.



ME - OSA Supersize your savings 





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Frequently Asked Questions:

How does an Online Savings Account work?

It’s designed to help you save money with a competitive variable interest rate, no account keeping fees, while giving you access to funds when you need it. Simply link your Online Savings Account to any other bank account in the same name.

If your account is held in joint names, your nominated account must also be in the name of the joint account holders.


Who can open an Online Savings Account?

Anyone over 12 years old can open an account; the application should always be filled out by the account holder.


How do I withdraw money from my Online Savings Account?

You can withdraw money by transferring funds to your nominated account at any time using our internet or phone banking services.


How do I deposit money to my Online Savings Account?

You can make deposits whenever you like by transferring money from your nominated linked account using internet banking.

You can also make deposits from a non-nominated account – i.e., an account that is not currently linked to your Online Savings Account.



things you should know.

Variable interest rate is current as at 29-Jul-2015 and subject to change. Terms and conditions available on request. This is general information only and you should consider if this product is appropriate for you.


bonus interest terms and conditions.

* You will receive our variable base rate plus a fixed bonus rate of 0.95% p.a. if you open your first Online Savings Account between 25 May 2015 and 30 July 2015, and within the first 14 days, link it to an ME EveryDay Transaction Account by making your ME EveryDay Transaction Account your nominated account. Bonus interest is payable on your first account only, on balances up to $250,000 for four months from the date your account is opened. If successful, you will receive a bonus interest rate confirmation letter. Click here for full terms and conditions.


Your total deposits with ME up to $250,000 are guaranteed under the Australian Government Financial Claims Scheme.