Bank of Melbourne Maxi Saver Account
2.85%
$0
Savings
Moneybuddy says
The Maxi Saver is an online savings account from the Bank of Melbourne with no fees to help maximise your savings. The Maxi Saver has no minimum balance, easy access to your money 24/7, instant funds transfer to eligible Bank of Melbourne accounts, phone service and internet banking access. Interest is calculated daily. Apply now to get a limited offer of 2.85% p.a introductory variable rate for 3 months. After 3 months the interest rate reverts to 0.80% p.a.
The Basics
Interest paid Monthly
Interest calculated Daily
Headline interest rate p.a. 2.85%
Monthly fee $0
Account type Savings
The cool stuff: features
ATM access No
EFTPOS access No
Branch access Yes
Internet Banking Yes
Age restrictions Yes
Cheque book facility No
Debit card No
BPAY No
GiroPost No
Phone access Yes
The Facts & Figures
Balance less than $1k (p.a.) 2.85%
Balance less than $5k (p.a.) 2.85%
Balance less than $25k (p.a.) 2.85%
Balance greater than $100k (p.a.) 2.85%
Min. balance $0
Min. opening deposit -
Number of free elect transactions per month -
The ugly stuff: fees
Other bank ATM fee -
EFTPOS transaction fee -
Branch assistance fee $2.50
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Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Bank of Melbourne says
Earn a great variable rate with our Maxi Saver savings account. Get easy access to your money in branch and 24 hours a day, 7 days a week via smart phone . No minimum balance.
Key features
- A decent variable rate
- Eligible for Government Deposit Guarantee
- Interest calculated daily on your total balance and paid monthly
- Pay no fees so each dollar you save is yours
- Make saving simple with an automatic savings plan - arrange for regular deposits to be transferred from your nominated account
Pros
- No account fees
- No minimum balance
- Interest earned immediately
- Access 24/7 online or by smart phone
- Choose to access your account through Mobile Banking on your smart phone or watch.
Cons
- Funds can only be withdrawn to one nominated Bank of Melbourne account
- Staff assisted transactions in branch cost $2.50
Terms & conditions
Terms and conditions apply - see all details on the Bank of Melbourne website when applying.
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