Bank of Melbourne Savings Accounts

2 variants•Up to 4.85% p.a.•March 2026

Compare 2 Bank of Melbourne savings accounts variants available in March 2026.

Bank of Melbourne currently offers savings accounts with rates up to 4.85% p.a., across multiple product lines.

Use the table below to compare rates, features, and fees to find the best Bank of Melbourne savings account for your needs.

SORT:

Financial Institution

Total Rate

Base

Bonus

Intro

1st Year

Total interest earned in the first 12 months, accounting for introductory rates.

Effective Rate

The effective annual rate applied to your specific balance after any introductory period ends. It accounts for blended rates if your balance exceeds specific tiered caps.

Action

Bank of Melbourne

Maxi Saver

No ConditionsIntro Rate

Total Rate

4.85%

Headline

Base

1.00%

Base

Bonus

Intro

+3.85%

6 months

Est. 1st Year Return

+$293

Est. Return

Effective

1.00%

Effective

Go to Site

Bank of Melbourne

Incentive Saver

Conditions

Total Rate

4.65%

Headline

Base

0.10%

Base

Bonus

+4.55%

Conditions

Intro

Est. 1st Year Return

+$465

Est. Return

Effective

4.65%

Effective

Go to Site

Common Questions

Bank of Melbourne Savings Accounts FAQs

How many savings accounts does Bank of Melbourne offer?

Bank of Melbourne currently offers 2 savings accounts variants. Compare all options above to find the best savings account for your needs.

What is the highest Bank of Melbourne savings rate?

Bank of Melbourne's highest savings rate is currently 4.85% p.a. Some products may require conditions to be met to earn the maximum rate.

Do Bank of Melbourne savings accounts have conditions?

Some Bank of Melbourne savings accounts require conditions such as minimum deposits or linked transactions. Check each product's conditions in the table above.