Perfect for Saving for a fixed term with a guaranteed interest rate locked in for the life of the term  
Consistency We keep our term deposit rates consistent, so you know there will be no nasty surprises  
Low cost No account-keeping fees and low minimum opening deposit  
Open an account with a $1,000 minimum deposit, much lower than many other banks
Select your own term from 1 month to 5 years (60 months)
Save time and apply online in just a few minutes
To assist your cash flow needs, interest can be paid monthly, quarterly, six monthly, annually or at maturity on selected terms.

Existing customers can apply over the phone

(this is for single account holder accounts only). All Australian citizens, Australian permanent residents and Australian residents with an Australian residential address (for tax purposes) over the age of 12 are eligible to apply

 

1 month

2.90% p.a.

2 months

2.90% p.a.

3 months

3.50% p.a.

4 months

3.30% p.a.

5 months

3.30% p.a.

6 months

3.55% p.a.

7 months

3.30% p.a.

8 months

3.30% p.a.

9 months

3.30% p.a.

10 months

3.30% p.a.

11 months

3.30% p.a.

12-17 months

3.65% p.a.

18-23 months

3.65% p.a.

24-35 months

3.75% p.a.

36-47 months

3.80% p.a.

48-59 months

4.00% p.a.

60 months

4.15% p.a. 

 

Early Term Deposit Withdrawal (for term deposits opened after 13 July 2014

If you withdraw your term deposit prior to the maturity date, we will reduce the rate by the Early Withdrawal Interest Adjustment, as specified below:

% of your Term that has elapsed: % reduction to your Interest Rate:

0% to <20%

20% to <40%

40% to <60%

60% to <80%

80% to <100%


90%

80%

60%

40%

20%

 

Early Term Deposit Withdrawal (for term deposits opened before 13 July 2014)

If you withdraw your term deposit prior to the maturity date, we will reduce the fixed rate by the early withdrawal percentage rate.

Early withdrawal percentage rate 2% p.a.

Important note: You cannot make a partial withdrawal

This rate will apply when you withdraw your term deposit prior to maturity. We will reduce the fixed rate by the early withdrawal percentage rate, up to the amount of accrued interest. Important note: You cannot make a partial withdrawal.

Things you should know.

All terms are in calendar months. We offer terms of between one month and 60 months.

Interest rates for term deposits are applicable for amounts from $1,000.00 up to $500,000. For rates for amounts above $500,000, contact ME Bank on 13 15 63.

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

You will get the interest rate that applies to your term deposit on the day your complete application is received as long as funds are received within three business days of your application. Otherwise, a different Interest Rate may apply to your account.

We will credit interest at the selected interest payment frequency and at the maturity of the term.

Interest rates are current as at 21-Oct-2014 and are subject to change.

The above rates are based on interest paid at maturity for terms up to 12 months and interest paid annually for terms greater than 12 months.

Fees and charges may apply. Terms and conditions available upon request. This is general information only and you should consider if these products are appropriate for you.