Just so you know.

Just so you know.

We've created our latest and greatest accounts on our ME Go app to give you a total in-app banking experience. New applications for the Online Savings Account are not being accepted anymore but existing accounts will remain open. See our Compare Savings Accounts page to see our latest range of savings products. 
Bank and save with bonus interest

Bank and save with up to 4.25%p.a.1

Our variable interest rate is made up of a 0.05% p.a. base rate and a 4.20% bonus rate when you have an Everyday Transaction Account and meet our criteria.

Bonus rate criteria2:

  • Have both our Online Savings Account and Everyday Transaction Account (you can open both at the same time).
  • Make at least four tap & go™ purchases per month – which must be settled, not pending – using your Everyday Transaction Account.
  • Bonus interest applies to balances up to $250,000 on each Online Savings Account you open (on accounts opened after 10 Aug 2015).
multiple accounts

Got multiple goals? Get multiple accounts.

Whether you’re saving for Reykjavik, renos or rainy days, you can create accounts for each of your life goals. Our 4.25% p.a.1 interest rate applies to balances up to $250,000 on each Online Savings Account you open and meet the bonus rate criteria for.

We won’t sting you for moving your money.

As long as you meet the bonus criteria, you can move, add or withdraw money as often as you want and still qualify for the bonus (because we all need to dip into savings occasionally to cover the essentials – like Beyonce tickets).
Digital wallet on an Android and Apple phone

Digital wallets.

Let’s forget physical – you can now pay securely using your favourite device anywhere, anytime. So you can forget your wallet on purpose next time.

Purchases made in-store using your Everyday Transaction Account on your digital wallet device count towards your four tap & go™ purchases required to receive bonus interest on your Online Savings Account, so you can get tapping right away.

Get started with digital wallets

The legal stuff.

The legal stuff.

Online Savings Account terms and conditions
Everyday Transaction Account terms and conditions
Fees and charges guide
Electronic access terms and conditions
Target market determinations

1. Interest rate is current at 14-Apr-2024 and subject to change.
 
2. Online Savings Account (OSA) variable bonus interest terms and conditions.
To receive bonus interest on your OSA for any calendar month you must have a ME Everyday Transaction Account (ETA) and during that month you make at least four tap & go™ purchases with your ETA debit Mastercard® which are settled by us with the relevant merchant. 

Your OSA(s) and ETA(s) must be in the same name (sole name accounts) or names (joint name accounts) for you to be eligible for bonus interest. 

Bonus interest is only payable on balances up to $250,000 on each OSA you open. 

You’re automatically eligible for bonus interest on each of your OSAs unless they were opened before 10/08/15, in which case you’re only eligible for bonus interest upon request from the date of the request. 

Purchases made in a calendar month which are settled by us in the next calendar month (for reasons beyond our control) do not count towards the four card purchases needed in the calendar month, but will contribute to the next calendar month’s count. If, on the day you close your OSA, there have been purchase transactions at the time of closure which have not yet been settled by us, these will not be eligible purchases for bonus interest. 

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. We may change or withdraw the bonus interest offer at any time.

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.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Other.
Terms, conditions, fees and charges apply.

This is general information only and you should consider if these products are appropriate for you.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
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