HomeME bonus interest account

Earn up to 5.55% p.a.2 interest with HomeME.

Home to our best savings 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.

Open in minutes

How to earn bonus interest

Meet the monthly criteria by opening a combined HomeME Savings and SpendME everyday account – and follow these two simple steps.

How to earn bonus interest

Meet the monthly criteria by opening a combined HomeME Savings and SpendME everyday account – and follow these two simple steps.

Deposit $2000+
Every month into your SpendME account – it can be your pay or salary, or just money deposited from an external bank account.

Grow your balance.
Each month your balance in your HomeME account needs to be higher at the end of the month than the start (this does not include the interest added by ME).

For example, if your starting month balance is $1000 and you withdraw $200 to pay for some bills, before month end, you would need to contribute at least $200.01 to be eligible for bonus interest. If you received any interest during the month, this does not contribute to your savings balance growing.

Smart features. Smooth savings.

We've packed in more things that make it easier for you to save.
 

Earn up to 5.55% 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.

Scan ME qr code

Get Go’ing in 5 minutes.

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+.

  

 

Interest rates explained.

Find out how much bonus interest you can earn depending on your savings balance.

Interest rates explained.

Find out how much bonus interest you can earn depending on your savings balance.

Balance up to

Base Interest Rate 

Bonus Interest Rate

With Bonus Interest

$0 - $100,000 0.55% p.a. +5.00% p.a. 5.55% p.a.
>$100,000 to $1,000,000 0.55% p.a. +2.45% p.a. 3.00% p.a.
> $1,000,000 0.55% p.a. N/A 0.55% p.a.

When do you get your bonus interest?

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.

After this, you’ll need to meet the criteria below each month.

Month 1 (e.g. January).
Deposit $2,000+ into your SpendME account (your pay, salary or money from an external account). And grow the balance so it’ s higher at the end of the month than at the start – excluding interest paid by ME.

Month 2 (e.g. February).
ME calculates interest based on the daily closing balance in your HomeME account. You’ll then get paid the interest earned in month 2 on the 1st day of month 3.

When do you get your bonus interest?

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.

After this, you’ll need to meet the criteria below each month.

Month 1 (e.g. January).
Deposit $2,000+ into your SpendME account (your pay, salary or money from an external account). And grow the balance so it’ s higher at the end of the month than at the start – excluding interest paid by ME.

Month 2 (e.g. February).
ME calculates interest based on the daily closing balance in your HomeME account. You’ll then get paid the interest earned in month 2 on the 1st day of month 3.





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?

 

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+

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.
SpendME cards

We’re making spending feel good with SpendME.

With a bundled SpendME everyday account, good saving and spending go hand-in-hand.

  • No monthly account-keeping fees
  • No international transaction fees.
  • Every time you tap your digital card, we donate 1c to your card's aligned charity. And the donation is on ME.
Find out more about SpendME
ME educational resources couch

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?

Learn the ins and outs of home buying
SaveME savings bundle jar

Get a savings boost of up to 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 4.25% p.a.interest when you make four settled card transactions each month. Talk about taking control of your financial future.

Find out more about our SaveME

 

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.

FAQ












 

The legal stuff.

The legal stuff.

* Any information provided within the chat is general and has not taken your objectives, financial situation or needs into account. Before deciding to acquire or continue to hold a product with ME, you should review the relevant terms and other product information and consider whether the product is suitable for you.
 

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. 
  • 5.55% p.a. is payable on balances up to $100,000.
  • 3.00% p.a. is payable on balances between $100,001 to $1,000,000
  • 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  15-Jun-2024 and subject to change.

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