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 30 Oct 2026

Apply at Bank of Melbourne ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Up to: 1.70%
Base rate: 1.25%
Bonus rate: 0.45%
Intro rate: 3.90% for 3 mo
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.

Typical 5.25%

2%2.5%3%3.5%4%4.5%5%5.5%

This account: 1.70%Every other institution's highest, 50 in all

Base plus bonus, when every condition is met. One dot per institution, at its highest bonus savings rate anyone can apply for; hover or tap a dot for its name.

Rate	This account	Best anywhere	Typical institution	Where it sits
Bonus savings accountBase plus bonus, when every condition is met	1.70%	5.75%Defence Bank Limited's iSaver	5.25%of 51 institutions	51st highest of 51
Bonus account, conditions missedWhat a bonus account pays in a month its conditions aren't met	1.25%	3.45%Heritage's Online Saver Account	0.10%of 43 institutions	4th highest of 43, level with 3 others

Rates

Every rate Bank of Melbourne publishes for this account, 7 in all.

How the rate is made up

1.70%in a month every condition is met

1.25% base rate0.45% bonus, when its conditions are met

To earn the bonus

Min deposit amount

Type	Applies to	Term	Band	Rate	Comparison	Conditions
BonusOpen an account online and earning an extra online bonus rate for the first 3 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 Offer may be varied or withdrawn at any time.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 3 mo; Min deposit amount
BonusOpen an account online and earning an extra online bonus rate for the first 3 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 Offer may be varied or withdrawn at any time.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 3 mo; Min deposit amount
IntroductoryThe introductory bonus rate for the first 3 months as a new Maxi Saver customer.	-	3 mo intro	up to $4,999,999	3.90%	-	paid every 1 mo; Min deposit amount
IntroductoryThe introductory bonus rate for the first 3 months as a new Maxi Saver customer.	-	3 mo intro	$5,000,000+	3.90%	-	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 3 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 3 months. All variable rates are subject to change.	-	-	$5,000,000+	1.25%	-	paid every 1 mo; Min deposit amount

Rate changes

2 changes logged, newest first.

Date	Rate	Was	Now	Change
9 Oct 2026	Introductory, 6 mo intro, up to $4,999,999	3.65%	3.90%	up 0.25
9 Oct 2026	Introductory, 6 mo intro, $5,000,000+	3.65%	3.90%	up 0.25

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 transaction5

Collection Item
No fee
Internet Banking
No fee
Phone Banking
No fee
Overseas Withdrawal
$5
Staff assisted (branch and telephone)
No fee

When particular things happen2

Frequent Statement
No fee
Overdrawn Fee
$15

Features

Digital bankingFraud protectionRelationship manager

The BeMoved Promotion Terms and Conditions. You could get a minimum 10% electricity saving with One Click Switch. Compare and switch your electricity plan through One Click Switch between 18 June 202…
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 3 month intro fixed rate for new customers. Freedom to access your savings and earn interest on every dollar when…

Eligibility and 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.
To hold a Maxi Saver account, you must also hold an eligible Bank of Melbourne transaction account in the same name and be registered for Internet and Phone Banking. Joint accounts are ineligible for…

Compare it with others

All savings & transaction accounts Other Bank of Melbourne savings & transaction accounts Everything Bank of Melbourne publishes

Put this product through a calculator

Published by Bank of Melbourne under the Consumer Data Right, last changed by them on 30 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.