26-May-2020 • Corporate
ME is extending automatic bonus savings rates for an additional month as part of its ongoing COVID-19 support for customers.
For the month of June 2020, all eligible* Online Savings Accounts will automatically receive the bonus interest rate without needing to make tap & go™ purchases. This is on top of the automatic bonus interest already announced for customers in March, April and May.
ME Group Executive, Customer Banking Craig Ralston said: “This measure will help bolster our customers’ savings and provide them financial certainty amid the COVID-19 pandemic.
“Now more than ever, banking should be simple and stress free.”
Eligible accounts will receive an interest rate of 1.80% p.a. (inclusive of base and bonus interest) on balances up to $250,000.
ME does not charge monthly fees or impose deposit requirements on its Online Savings Accounts.
*Every Online Savings Account which qualified for bonus interest in any of the three months of December 2019, January 2020 or February 2020, and any new Online Savings Account opened in March 2020, is eligible for bonus interest in March, April, May and June 2020. To have qualified for bonus interest, the customer must have made at least four tap & go™ purchases that were settled (not pending) through a ME Everyday Transaction Account in the month.
Legal notes: Members Equity Bank Limited ABN 56 070 887 679 AFSL and Australian Credit Licence 229500. Please consider if this product is right for you.