4 live products
ANZ
Best available rate
4.50%p.a.
Growth Saver
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.10%
Bonus
4.40%
Conditions
Bonus rules apply
Finding the best rates…
Savings Accounts Comparison
Bank One
ANZ
Best available
Up to 4.50% p.a.
Line-up
4 live products
VS
ANZ vs Bank of Melbourne
Compare ANZ and Bank of Melbourne savings accounts side by side. In March 2026, ANZ offers 4 accounts with rates up to 4.50% p.a., while Bank of Melbourne has 2 accounts reaching 4.85% p.a. Bank of Melbourne currently leads by 0.35%.
VS
2 live products
Bank of Melbourne
Best available rate
4.85%p.a.
Maxi Saver
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
1.00%
Bonus
0.00%
Conditions
No monthly hoops
Live edge
Bank of Melbourne leads on headline savings rate by 0.35% p.a. right now. Use the feature table below to see whether that edge comes with extra conditions.
0.35% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | ANZ | Bank of Melbourne |
|---|---|---|
| Max rate | 4.50% | 4.85% |
| Base rate | 0.10% | 1.00% |
| Bonus rate | 4.40% | 0.00% |
| Has conditions | Yes | No |
All ANZ Products
Every tracked savings accounts option from ANZ.
All Bank of Melbourne Products
Every tracked savings accounts option from Bank of Melbourne.
In March 2026, ANZ's Growth Saver offers up to 4.50% p.a. (0.10% base + 4.40% bonus), while Bank of Melbourne's Maxi Saver reaches 4.85% p.a.. Bank of Melbourne currently leads by 0.35% p.a.
Bank of Melbourne offers its top rate unconditionally, while ANZ requires monthly conditions. Bank of Melbourne's rate includes an introductory component for 6 months.
ANZ has 4 savings products and Bank of Melbourne has 2, giving you a range of options to compare.
Quick Comparison
| Feature | ANZ | Bank of Melbourne |
|---|---|---|
| Max Rate | 4.50% | 4.85% |
| Base Rate | 0.10% | 1.00% |
| Bonus Rate | 4.40% | 0.00% |
| Conditions Required |
Common Questions
ANZ vs Bank of Melbourne FAQs
Which bank has the better savings rate, ANZ or Bank of Melbourne?
Bank of Melbourne currently offers the higher rate at 4.85% p.a., compared to 4.50% p.a. Rates are sourced from live data and change frequently.
What is ANZ's best savings account rate in 2026?
ANZ's best savings rate is 4.50% p.a. on the Growth Saver, consisting of a 0.10% base rate and 4.40% bonus rate. This rate requires meeting monthly bonus conditions.
What is Bank of Melbourne's best savings account rate in 2026?
Bank of Melbourne's best savings rate is 4.85% p.a. on the Maxi Saver.
Do ANZ and Bank of Melbourne savings accounts have conditions?
Bank of Melbourne's top rate has no ongoing conditions, while ANZ requires meeting bonus conditions each month to earn the full advertised rate.