The Finance Algorithm
Bank of Melbourne logoBank of Melbourne

Business Access Saver

A business savings account that allows you to set money aside for payments such as GST and other taxes.

Savings & transaction accountsBank updated 23 Oct 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
0.55%
Monthly fee
$0

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This account: 0.55%Every other institution's highest, 33 in all

Each institution's best interest-paying business account, base plus any bonus. One dot per institution, at its highest business savings rate anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
Business savings accountEach institution's best interest-paying business account, base plus any bonus0.55%5.40%Great Southern Bank Business+'s Business+ Saver0.55%of 34 institutions15th highest of 34, level with 3 others

Rates

Every rate Bank of Melbourne publishes for this account, 8 in all.

TypeApplies toTermBandRateComparisonConditions
Variable--up to $4,9990.55%-paid every 1 mo; Min deposit amount
Variable--$10,000–$24,9990.55%-paid every 1 mo; Min deposit amount
Variable--$1,000,001+1.45%-paid every 1 mo; Min deposit amount
Variable--$25,000–$49,9990.55%-paid every 1 mo; Min deposit amount
Variable--$250,000–$499,9991.30%-paid every 1 mo; Min deposit amount
Variable--$5,000–$9,9990.55%-paid every 1 mo; Min deposit amount
Variable--$50,000–$249,9990.75%-paid every 1 mo; Min deposit amount
Variable--$500,000–$999,9991.30%-paid every 1 mo; Min deposit amount

Rate changes

8 changes logged, newest first.

DateRateWasNowChange
10 Oct 2026Variable, up to $4,9990.45%0.55%up 0.10
10 Oct 2026Variable, $10,000–$24,9990.45%0.55%up 0.10
10 Oct 2026Variable, $1,000,001+1.30%1.45%up 0.15
10 Oct 2026Variable, $25,000–$49,9990.45%0.55%up 0.10
10 Oct 2026Variable, $250,000–$499,9991.15%1.30%up 0.15
10 Oct 2026Variable, $5,000–$9,9990.45%0.55%up 0.10
10 Oct 2026Variable, $50,000–$249,9990.60%0.75%up 0.15
10 Oct 2026Variable, $500,000–$999,9991.15%1.30%up 0.15

Each change is logged the night it appears in the rates Bank of Melbourne publishes. See how every lender answered the RBA on the rate tracker.

Fees

8 fees published, grouped by when they're charged.

While you hold it1

  • Account Keeping Fee
    No fee

When you make a transaction7

  • Cheque collected or deposited
    $3
  • Direct Credit
    No fee
  • Staff assisted deposit
    $3
  • Collection Item
    $3
  • Internet Banking
    No fee
  • Monthly transaction allowance
    No fee
  • Phone Banking
    No fee

Features

Digital bankingFraud protection
  • No account-keeping and transfer fees: For no monthly fee, make unlimited electronic transfers to and from your linked Bank of Melbourne account
  • Earn interest on your savings. Your savings will attract a variable interest rate, earned daily and paid monthly.
  • Regularly deposit funds to grow savings balance.
  • No minimum deposits or balances: Build your savings balance at your own pace, with no pressure for a minimum deposit each month
  • No lock-in contract with a fixed term: Enjoy the flexibility of accessing your savings whenever you need them, with no restrictions.
  • Make tax time easier by separating personal and business transactions
  • Statements: At least every 6 months statements are available
  • Direct Credits is available

Eligibility and limits

  • Minimum age 18
  • Residency: Operating in Australia with an Australian address.
  • Must not be an individual using the account for predominantly personal purposes
  • Eligible entities include sole traders, partnerships, companies, associations, self-managed super funds, trusts and not-for-profit organisations
  • Needs an eligible Bank of Melbourne business transaction account to link to

Published by Bank of Melbourne under the Consumer Data Right, last changed by them on 23 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.