Bank of Melbourne
Maxi Saver
A savings account that offers a great interest rate with access to funds through a linked account via Internet and Phone Banking.
Savings & transaction accountsBank updated 29 July 2026
At a glance
- Base rate
- 1.25%
- Bonus rate
- 0.45%
- Up to
- 1.70%
- Intro rate
- 3.65% for 6 mo
- Monthly fee
- $0
§ 01 — Rates · 7
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| BonusOpen an account online and earning an extra online bonus rate for the first 6 months. For a limited time only. New Maxi Saver customers only. Offer may be varied or withdrawn at any time. | — | — | up to $4,999,999 | 0.45% | — | paid every 6 mo; Min deposit amount |
| BonusOpen an account online and earning an extra online bonus rate for the first 6 months. For a limited time only. New Maxi Saver customers only. Offer may be varied or withdrawn at any time. | — | — | $5,000,000+ | 0.45% | — | paid every 6 mo; Min deposit amount |
| IntroductoryThe introductory bonus rate for the first 6 months as a new Maxi Saver customer. | — | 6 mo intro | up to $4,999,999 | 3.65% | — | paid every 1 mo; Min deposit amount |
| IntroductoryThe introductory bonus rate for the first 6 months as a new Maxi Saver customer. | — | 6 mo intro | $5,000,000+ | 3.65% | — | paid every 1 mo; Min deposit amount |
| Penalty | — | — | — | 15.01% | — | The Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted… |
| VariableStandard variable rate after the first 6 months. All variable rates are subject to change. | — | — | up to $4,999,999 | 1.25% | — | paid every 1 mo; Min deposit amount |
| VariableStandard variable rate after the first 6 months. All variable rates are subject to change. | — | — | $5,000,000+ | 1.25% | — | paid every 1 mo; Min deposit amount |
§ 02 — Fees · 8
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Collection Item | Event | No fee | — | — |
| Frequent Statement | Event | No fee | — | — |
| Overdrawn Fee | Event | $15 | — | — |
| Account Keeping Fee | Periodic | No fee | Every 1 mo | — |
| Internet Banking | Transaction | No fee | — | — |
| Phone Banking | Transaction | No fee | — | — |
| Overseas Withdrawal | Withdrawal | $5 | — | — |
| Staff assisted (branch and telephone) | Withdrawal | No fee | — | — |
§ 03 — Features
Digital bankingFraud protectionRelationship manager
- · Easy access : Unlimited online access to your savings with a linked transaction account.
- · Uncapped saving : Interest is calculated on the total balance of your Maxi Saver with no limit on deposit amounts.
- · Government guarantee : The Financial Claims Scheme guarantees deposits to a cap of $250,000 per account-holder.
- · Quick Balance : Know exactly how much money you have on hand, at a glance at your smartphone or watch.
- · No limit on the number of accounts that customer can hold, but only the first Maxi Saver account opened with you as an account holder will be eligible for the introductory bonus interest
- · Account can be opened via Online and mobile (minimum age may apply), in branch and phone.
- · No minimum opening balance for this account
- · Statements : 6 monthly, or more frequently on request.
- · Earn interest on every dollar when you maintain a positive balance. Intro Fixed Rate 6 month intro fixed rate for new customers. Freedom to access your savings and earn interest on every dollar when…
§ 04 — Eligibility & limits
- · Residency: Those with an Australian residential address and who are currently in Australia.
- · An account may be opened in a child's name when the child is under 14, with a parent, guardian, or grandparent as authorised signatory.
§ 05 — Compare
§ 06 — Run the numbers
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Published by Bank of Melbourne under the Consumer Data Right, last changed by them on 29 July 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.