skip to content
Header Widget (c#)
ME Hero Banner
Exclusive to the ME Go app and especially designed to help you save for a home deposit. Open your account in just 5 mins.
HomeME
Savings Account.
Exclusive to the ME Go app and especially designed to help you save for a home deposit. Open your account in just 5 mins.
Make yourself at home with up to
Rate Display Widget (C#)
5.55% p.a.2 interest.
A HomeME home deposit savings account helps you stash cash and smash your saving goals. It comes bundled with a SpendME Transaction Account, which helps you earn bonus interest on your savings by:
- Depositing at least $2000 into your SpendME Transaction Account every month and;
- Growing your saved balance in your HomeME account (excluding interest) by making regular contributions.
Learn more about bonus interest criteria.
ME Lead N
Smarter features to Go.
![]()
The new ME Go banking app is full of helpful features to help you get the most out of your money.
ME N Item - 4 Col (c#) Manage joint accounts.
Co-manage joint accounts from within the app.
Stay on budget.
Set budgets on categories like shopping or take-out.
Supercharge your savings.
Hit your savings goals sooner with personalised insights and goal tracking.
Round ME up.
Top up your savings with every tap (and without a thought) thanks to Round Ups.
ME Go is app only, so you won’t need access to ME’s internet banking system. The ME Go app is compatible with smartphone devices running iOS 14.0+ and Android™ 8.0+.
ME Lead 1
Take a great rate home.
Take a great rate home.
|
Balance
up to
|
Base + Bonus Interest variable rate % p.a.
|
Base variable rate % p.a.
|
| $0 - $100,000 |
Rate Display Widget (C#)
5.55% |
Rate Display Widget (C#)
0.55% |
| $100,000 to $1,000,000 |
Rate Display Widget (C#)
3.00% |
Rate Display Widget (C#)
0.55% |
| > $1,000,000 |
N/A |
Rate Display Widget (C#)
0.55% |
ME Lead 1
Now… about that bonus on home savings deposit?
Month by month, we’ll help you stay on track to save for a home deposit through bonus payments. Here’s how:
Month 1 (e.g. January).
During the month, you deposit at least $2000 into your SpendME transaction account and grow the balance in your HomeME savings account (excluding interest). By doing this you’ve unlocked the bonus interest rate for next month.
Month 2 (e.g. February).
ME calculates interest daily based on the closing balance in your HomeME account each day.
Month 3 (e.g. 1st March).
ME pays your bonus interest into each HomeME savings account on the first day of the month.
First Month.
To help you get started on reaching your savings goals, you'll start earning Bonus Interest straight away after opening your HomeME account (for new customers only). To continue to earn Bonus Interest each month, you'll need to meet the above Bonus Criteria.
Now… about that bonus on home savings deposit?
Month by month, we’ll help you stay on track to save for a home deposit through bonus payments. Here’s how:
Month 1 (e.g. January).
During the month, you deposit at least $2000 into your SpendME transaction account and grow the balance in your HomeME savings account (excluding interest). By doing this you’ve unlocked the bonus interest rate for next month.
Month 2 (e.g. February).
ME calculates interest daily based on the closing balance in your HomeME account each day.
Month 3 (e.g. 1st March).
ME pays your bonus interest into each HomeME savings account on the first day of the month.
First Month.
To help you get started on reaching your savings goals, you'll start earning Bonus Interest straight away after opening your HomeME account (for new customers only). To continue to earn Bonus Interest each month, you'll need to meet the above Bonus Criteria.
ME 4 Block
Get Go’ing in 5 mins.
ME Go is a mobile banking app only, so you won’t be able or need to use ME’s internet banking system.
Want to apply online from this device instead?
Simple Link Widget (c#)
Get started online
On a desktop?
Grab your phone and scan the QR code (we’re all experts in this now). Download the banking app and apply for an account easily today.
App Store.
Grab your phone search for ME GO in the App Store. Compatible with smartphone devices running iOS 14.0+.
Google Play.
Grab your phone search for ME GO in Google Play. ME Go banking app is Compatible with smartphone devices running Android™ 8.0+
ME Lead 1
Things you should know.
Things you should know.
Our HomeME account is only available on the ME Go app and can't be accessed via Internet Banking.
If you're already a ME account holder with accounts you access via Internet Banking, please note these accounts aren't accessible from the ME Go app. We’re working towards moving our current range of products over for customers and will be communicating that exciting journey to you in more detail soon. We have a whole page that explains this in more detail if you’d like to
learn more.
To open a HomeME 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.
We’re making spending feel good with SpendME.
SpendME is the everyday transaction account doing good every time you tap your digital wallet, with 1c donated to the charity connected to your card. And the best bit? The donations are all on ME.
SpendME also has no account-keeping or international transaction fees, and when bundled with a HomeME savings account, it helps you earn easy bonus interest on your home deposit goal.
Find out more about SpendME
Get a savings boost of up to
Rate Display Widget (C#)
4.25% 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
Rate Display Widget (C#)
4.25% p.a.1 interest when you make four settled card transactions each month. Talk about taking control of your financial future.
Find out more about our SaveME
Sit back and take notes from ME.
Saving for a house deposit may seem tough but ME is here to help you with educational resources packed with valuable information and practical advice.
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?
ME Lead N
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:
ME N Item - 3 Col (c#) 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.
ME Accordian Lead
ME Accordian
Can I buy a house with $10,000 deposit?
Yes! Although this is a relatively low deposit, some lenders will understand that this is all you can afford and let you borrow more than 80% of the property value. However a smaller deposit comes with more risk, if interest rates rise you may struggle to meet your mortgage repayments. Due to this higher risk you'll have to pay Lenders Mortgage Insurance (LMI). Discover how much you can borrow with our
borrowing power calculator.
ME Accordian
Can I use my super to buy a house?
If you are having trouble saving for your deposit, you should consider if you are eligible to use your super to help save for your first home using the
First Home Super Saver scheme. This allows you to make voluntary contributions to your super to help save for your first home. When you are ready to buy a home, you can withdraw this amount, plus any investment you may have earned.
ME Accordian
How much do you have to save for a home loan?
The amount of deposit you need to save will depend on two things: the price of the property and the deposit required. Generally we would recommend aiming for a 20% deposit. This is because if you are borrowing more than 80% of the property value, then you'll need to take out Lender's Mortgage Insurance (LMI) or Low Deposit Premium. Read more on this in our
'How much deposit do you need for a house?' blog.
ME Accordian
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.
ME Accordian
Can you buy a house with 5% deposit?
In some cases yes, you will be able to get a house with a 5% deposit. However, this comes with risks. If you are at your maximum borrowing capacity, you may not be able to afford your monthly mortgage repayments if interest rates increase. Due to this increased risk, you will also have to pay for Lenders Mortgage Insurance. Read more on
how much you really need to save for a deposit here.
ME Accordian
How to save to buy a house?
There are several tips that will help you save to buy a house faster. Such as closing credit card balances, top up your income with extra shifts, over-time or a side hustle. Read more in our blog on
how to save for a home deposit.
ME Accordian
What is a good amount to save for a house deposit?
An ideal savings goal for a house deposit is 20% of the property value. Plus enough to cover the costs of buying a house such as stamp duty (which you can work out with our
calculator), building or strata reports, legal or conveyancer fees or loan application fees. Some lenders only require a 5% deposit, however a deposit less than 20% also means you'll have to pay for lenders mortgage insurance (LMI). A bigger deposit also shows lenders you are able to manage your finances and this will increase the likelihood of getting approved for a home loan.
ME Accordian
How many HomeME accounts can I have?
HomeME accounts are restricted to one per entity e.g. individual or joint.
ME Accordian
Can I use my account as an offset account for my ME home loan?
Not at this time. To find out more about our offset account options please call ME on
13 15 63.
ME Accordian
How do I qualify for bonus interest with me 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
- Grow your balance each month, excluding any interest you've earned
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.
ME Lead 1
The legal stuff.
The legal stuff.
1. SaveME Account Bonus Interest terms and conditions.
The Bonus Interest Rate applicable to your SaveME Account will apply:
- For each calendar month where you made four or more card transactions in the previous calendar month using the Visa debit card linked to a SpendME account in the same name (sole name account) or names (joint name accounts) as your SaveME account. Transactions that are pending do not count as a transaction for the previous calendar month and will be counted in the following calendar month; and
- To the combined balance of your SaveME accounts up to a maximum combined SaveME account balance of $500,000.
If you don’t meet all of these bonus interest conditions you will receive variable base rate interest only, however in any month we may without notice waive the requirement for you to meet all of these conditions.
2. HomeME Account Bonus Interest terms and conditions.
The Bonus Interest Rate applicable to your HomeME Account will apply:
For each calendar month where:
- A minimum of $2,000 was deposited into your SpendME account in the previous calendar month from an External 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;
- The closing balance of your HomeME account on the last day of the previous calendar month was higher than the closing balance of your HomeME account on the last day of the calendar month before that (excluding interest paid by ME or any adjustments processed by ME)
- to the balance of your HomeME account up to $1,000,000.
-
Rate Display Widget (C#)
5.55% p.a. is payable on balances up to $100,000.
-
Rate Display Widget (C#)
3.00% p.a. is payable on balances between $100,001 to $1,000,000
-
Rate Display Widget (C#)
0.55% p.a. is payable on balances >$1,000,000
If you don’t meet all of these bonus interest conditions you will receive variable base rate interest only, however in any month we may without notice waive the requirement for you to meet all of these conditions.
3. Government guarantee.
Deposits are protected by the Australian Government’s Financial Claims Scheme, up to $250,000 per person per authorised deposit-taking institution.
Terms, conditions, fees and charges apply. This is general information only and you should consider if these products are right for you.
Interest rates current as at
Date Display Widget (C#)
30-Nov-2023 and subject to change.
Visa is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
BPAY® and Osko® are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518.
Apple, the Apple logo and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.
Samsung and Samsung Pay are trademarks or registered trademarks of Samsung Electronics Co.
Android, Google PayTM and Google Play are trademarks of Google Inc.
Footer Widget (c#)