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Calculate how much you can earn on your savings.
Savings calculator.
Calculate how much you can earn on your savings.
This savings calculator can help you calculate:
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How much you can save in a specific time frame.
How long it will take you to reach your savings goals.
How much you can save with ME Bank’s SaveME interest rate.
Savings calculator.
See how fast we'll get you there if you combine a SaveME account with a
SpendME account and make at least 4 settled card transactions each month with your Visa Debit card.
Your target is lower than the amount you have currently saved.
Your target is lower than the amount you have currently saved.
Managing Money.
Managing Money.
Set yourself up with good money habits with our short video course & saving guides. Learn where you could cut back to reach your saving goals faster.
Start saving like a pro
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. Compare ME’s range of high interest savings accounts.
How do I calculate interest on savings account?
The interest earned on your savings account is calculated as a percentage of your savings. With ME’s savings calculator, simply enter the amount currently in your account, along with your monthly contributions to the account and time period.
The calculator will then break down how much interest you will earn, along with your total contributions and total amount you can expect to have in your account. Ready to save? Learn more about
savings accounts with ME.
How to save money?
A great way to get started with saving your money is finding the right savings account and then start budgeting! With a SaveME account, you get access to the ME Go app, which we've packed with a bunch of features to supercharge your savings.
We’ve also packed loads of saving and budgeting tips in our
Managing Money series.
How to open a savings account.
To open a SaveME savings account, all you need to do is download the ME Go app from App Store and Google Play Store, sign up, provide all the required information and then start using your account!
How does a savings account work?
When you open a savings account, you deposit money into your account. In return for depositing your money, your savings balance will build up interest each day and we'll pay it to you at the end of the month. So in other words, we'll pay you interest just for saving your money! To learn more about our rates, see
here.
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.
Savings calculator information.
The results from this calculator are indicative only and shouldn’t be used for financial planning purposes. The calculation is based on the information input by you and assumes you qualify for the SaveME bonus interest rate each month, the interest rate doesn’t change, you deposit the daily required savings each day and interest is calculated and paid in accordance with the SaveME terms and conditions.
This is general information only and you should consider if these products are appropriate for you.
Interest rates current as at
14-Dec-2024 and subject to change.
ME Bank – a division of Bank of Queensland Limited ABN 32 009 656 740 AFSL and Australian Credit License Number 244616.