SaveME Savings Account.

Save yourself money, time and effort with ME's goal-oriented savings account, packed with smart features. Exclusive to the ME Go banking app.{sub-heading}

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The savings account that helps you save.

The SaveME account has been designed to help supercharge your savings. Meet the tools designed to help you spend and save better.

Separate your savings goals.

Open up to nine online savings accounts and name them after goals to keep you motivated.

Stay on budget.

Set spending limits on categories like groceries or going out.

Personalised insights and tracking.

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.

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Now...about that savings account bonus?

Ditch the piggy bank and get your savings account working for you. Here's an example of how you can earn interest on your savings.

Month 1 (e.g. January)

You make four settled transactions (tapping in store, or paying a bill etc) with your SpendME Visa debit card.

Month 2 (e.g. February)

ME calculates interest daily based on the closing balance in your SaveME account each day.

Month 3 (e.g. 1st March)

ME pays your bonus interest into each SaveME 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 SaveME account (for new customers only). To continue to earn Bonus Interest each month, you'll need to meet the above Bonus Criteria.

Things you should know.

Our SaveME account is only available on the ME Go app and ME Go Internet Banking and can't be accessed via ME 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 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.

Your money's 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.

Lock lost cards.

You can temporarily lock your Visa Debit card in the ME Go app if you think you may have misplaced it (or it’s in your pocket... again).

Government guarantee.

Your money is protected by the government guarantee, with up to $250,000 per person covered by the government’s Financial Claims Scheme.

Savings made safe.

One-time pins and biometric logins mean your hard-earned savings are always protected by a swipe or a smile.

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Let's get real - saving money can be tough.

But with our insider knowledge and sweet hacks, you'll be a savvy saver stacking cash in no time.

SaveME FAQs

How much does it cost to open a bank account?

It's absolutely free to open a SaveME account, with no account opening or account keeping fees. However, you must be at least 14 years of age or older and have valid identification to open an account with ME Go.

What is a savings account?

A savings account is a bank account where you can deposit your money and earn interest. It is a great way to save money, especially if you're saving towards a goal like a holiday, new laptop or house deposit. With a SaveME account, you'll be able to round up payments directly into your savings account, track upcoming bills and so much more! To have a better idea of what savings account is right for you, compare ME's range of high interest savings accounts.

How to calculate interest on my savings account?

Interest is calculated from the day funds are credited to your account. It is calculated daily by applying the applicable interest rate to the closing balance of your account each day: Daily closing balance x interest rate (per annum) / number of days in the year (365). ME credits interest at the close of business on the last day of each calendar month.

How to open a savings account?

To open a SaveME savings account, download the ME Go app from the App Store or Google Play, sign up, provide the required information, and start using your account.

What's the best way to save money?

A great way to get started is finding the right savings account and then budgeting. With SaveME, you get access to the ME Go app and tools to supercharge your savings.

How does a savings account work?

When you open a savings account, you deposit money and your balance earns interest daily. Interest is paid monthly. SaveME can also earn bonus interest when you meet monthly criteria by making 4 or more settled transactions with your linked SpendME Visa debit card.

What are the benefits of having a savings account?

Savings accounts help with short-term and long-term goals. SaveME includes features such as competitive bonus interest potential, personalised insights, and goal tracking.

Does ME Go support joint accounts?

Yes. You can open a joint transaction account through the ME Go app. After completing the application, the other party provides their details and all applicants complete formal identification.

Are there any monthly account keeping fees?

No. There are no monthly fees on SpendME transaction accounts or other ME Go accounts. There are also no international transaction fees when you spend or withdraw overseas with the bundled SpendME account.

How do I qualify for bonus interest with my SaveME account?

Make four settled card transactions in a month on your linked SpendME transaction account. Bonus interest is paid on total balances of all SaveME accounts in the same name(s), up to the eligible balance cap.