Bank of Melbourne Maxi Saver Account

Bank of Melbourne
Headline interest rate p.a.
Monthly fee
Account type

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 0.50% 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


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


  • 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.


  • Funds can only be withdrawn to one nominated Bank of Melbourne account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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