Important disclosure
Pros and cons
For HomeME
Benefits
- Maximum interest rate ranked in the best 20% (conditions may apply)
- Ongoing bonus interest (conditions apply)
- No ongoing account fees
- No minimum balance
Drawbacks
- This is a digital only product; branch and phone banking not available
- Only available with linked transaction account
ME Bank Rate Savings account overview
For HomeME
Account Details
Maximum rate 5.65%* p.a | Minimum age restrictions 14 |
Base rate 0.55% p.a | Maximum age restrictions |
Maximum rate condition *Deposit a minimum of $2,000 into your SpendME account from an external account and have a HomeME account closing balance on last day of month higher than the closing balance of on the last day of the previous month. Read More | Minimum opening deposit $0 |
Interest calculation method Tiered | Target Market Determination Visit ME Bank to view Target Market Determination. |
Features
Joint application available | Is online only |
Linked account required |
Methods of Access
Internet facility N/A | ATM access |
Phone facility N/A | Eftpos facility |
Branch access N/A | App |
App only |
Fees
Account keeping fees $0 | Eftpos fee N/A |
ATM withdrawal fee N/A | Overseas eftpos fee N/A |
Internet transaction fee N/A | Over the counter deposit fee N/A |
Phone transaction fee N/A | Over the counter withdrawal fee N/A |
Other Restrictions
Must be an Australian resident with an Australian residential address. ATM and Eftpos capabilities available through the setup of a SpendMe transaction account.