Our highest interest savings account.
Save towards your next big thing with HomeME, exclusive to the ME Go app.{sub-heading}
Earn up to {banking-rates||hm3||rate}%p.a.2 interest with HomeME.
Home to our best savings bonus interest rate, so you can save towards your first home deposit or next big thing faster. HomeME comes bundled with a SpendME everyday account, which helps you earn big bonus interest.
How to earn bonus interest.
Meet the monthly criteria by opening a combined HomeME Savings and SpendME everyday account – and follow this simple step.
Deposit $2000+ every month into your SpendME account – it can be your pay or salary, or just money deposited from an external bank account. The SpendME account to which money is deposited must be held in the same name (sole name account) or names (joint names account) as your HomeME account.
Smart features
All the features you need and will love are good to Go.
Earn up to {banking-rates||hm3||rate}%p.a. interest.2
With our biggest and best rate, you can grow your savings faster for your first home deposit, next holiday or just an emergency stash.
Supercharge your savings.
Hit your savings goals sooner with personalised insights and goal tracking.
No monthly account keeping fees.
So you can focus on saving
Round ME up.
Top up your savings with every tap (and without a thought) thanks to Round Ups.
Our highest savings interest rates explained.
Find out how much bonus interest you can earn depending on your savings balance.
How HomeME Bonus Interest is calculated and paid.
To help you get your savings off to a good start, you'll earn bonus interest for the first month of your account being opened – as soon as you deposit funds into your HomeME account.
Month 1
Deposit a minimum of $2000 each month into your SpendME account.
Month 2
Interest is calculated daily based on the closing balance of your HomeME account.
1st day, Month 3
Interest is available in your HomeME savings account.
We're making spending feel good with SpendME.
Our highest interest savings account comes with a bundled SpendME everyday account. Because we think good saving and spending go hand-in-hand.
- No monthly account-keeping fees
- No international transaction fees.19
- Every time you tap your digital card, we donate 1c to your card's aligned charity. And the donation is on ME.
Get Go'ing in 5 mins.
Open a new account directly in the ME Go app in minutes or apply online now.
On a desktop?
Grab your phone and scan the QR code. Download the banking app and apply for an account easily today.
App Store.
Grab your phone and search for ME GO in the App Store. Compatible with smartphone devices running iOS 15.0+.
Google Play.
Grab your phone and search for ME GO in Google Play. ME Go is compatible with smartphone devices running Android 9.0+.
Things you should know.
To open a ME Go account, you'll need to be:
- over 14 years of age.
- an Australian resident with an Australian residential address.
- the account holder. (Applications cannot be completed and submitted by an Executor/Administrator/Power of Attorney/Legal Representative.)
- opening the account for personal use.
Sit back and take notes from ME.
Saving for a house deposit? It may seem tough, but ME is here to help you with educational resources.
ME keeps you on track to grow your home loan savings account balance by coaching you through the journey. Ready to reach your homeowner goals sooner?
Get a savings boost of up to {banking-rates||sm2||rate}%p.a.1 interest.
Get a savings boost with our SaveME account bundle, featuring a savings account and a linked SpendME transaction account. You can spend, save and earn {banking-rates||sm2||rate}% p.a.1 interest when you make four settled card transactions each month. Talk about taking control of your financial future.
Feel Safe with ME.
Not only does our system constantly monitor your card to help prevent fraudulent behaviour, we've got loads of other security measures in place to help protect you:
Savings kept safe.
With one-time pins and biometric logins, your money's always protected by a swipe or a smile.
Government guarantee.3
Your money is protected by the government guarantee, with up to $250,000 per person covered by the government’s Financial Claims Scheme.
BOQ backed.
In 2021 ME became part of the Bank of Queensland Group (BOQ), another homegrown Australian bank with the same customer-first values.
HomeME FAQs.
Is a HomeME savings account only for people saving for their first home?
How to buy a house on low income Australia?
We understand saving for a home deposit is difficult, especially with a low income. A few tips we would recommend to buy a house with a low income include:
- Taking advantage of First home buyer grants & schemes such as the First Home Owner Grant.
- Make sure your savings are in a no-fee high interest saving account.
- Buy with a smaller deposit, you may have pay a higher interest rate and pay for LMI, but if you've found the perfect place to buy, this could be the option for you.
- Apply for a home loan with a guarantor who agrees to take responsibility for repaying the loan if you are unable to. This can significantly reduce the deposit amount.
Read more tips on buying your first home here.
How many HomeME accounts can I have?
How do I qualify for bonus interest with my HomeME account?
For the HomeME account, you will need to meet a monthly deposit requirement to qualify for bonus interest. This is outlined in the table below.
- Deposit at least $2,000 from an external account to your linked SpendME transaction account; and
To help kickstart your savings, you will earn bonus interest in your first month with ME. Just make sure you meet the bonus interest criteria before the end of the month to continue earning it in the following month.
Find out more about HomeME's monthly criteria here.
What is an external bank account?
An external account means any account that is issued by:
- any financial institution other than ME;
- Bank of Queensland but which is not a ME Account; and
- a ME Account that is not accessible by using the ME Go app
Can I use my account as an offset account for my ME home loan?
How do I know that I’ve qualified for the bonus interest?
How is savings interest calculated?
Daily closing balance x interest rate (per annum)
------------------------------------------------------
Number of days in the year (365 days)
We will credit interest to your account at the close of business on the last day of each calendar month. The interest credited to your account will only be included in the closing balance from the first day of the next calendar month.
Can I open HomeME as a joint account?
Are there any monthly account keeping fees?
What are the different tiers to earn Base + Bonus Interest rate?
Please note that bonus interest is not payable on balances over $1,000,000 but balances over $1,000,000 will still earn our base interest rate of {banking-rates||hm5||rate}% p.a.