Members Equity Bank Online Savings Account

Moneybuddy says

Good savings account from Members Equity checking the boxes of a good rate, no fees or hidden charges and no minimum deposit, and significantly adding the benefit of no fees for early withdrawal.

The Basics

Interest paid Monthly

Interest calculated Daily

Headline interest rate 4.85%

Monthly fee -

Account type Savings

The cool stuff: features

ATM access -

EFTPOS access -

Branch access -

Online access Yes

Age restrictions -

Cheque book facility -

Debit card -

BPAY -

GiroPost -

Phone access Yes

The Facts & Figures

Balance less than $1k -

Balance less than $5k -

Balance less than $25k -

Balance greater than $100k -

Min. balance -

Min. opening deposit -

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee -

Branch assistance fee -

* Important note: All information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.

Members Equity Bank says

Set up a regular savings plan in Australia’s best Overall Savings Account, the ME Bank Online Savings Account, as recognised in the 2009 AFR Smart Investor Blue Ribbon Awards. ME Bank won the title for having the highest average non-promotional rate over the past 12 months.

Today you’ll earn a high 4.85% p.a. interest on every dollar, every day.There are also no bank fees and no penalty for withdrawals so whatever you’re saving for can be yours sooner.