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
Finding the best rates…
Savings Accounts Comparison
Bank One
Bank of Melbourne
Best available
Up to 4.85% p.a.
Line-up
2 live products
VS
Bank of Melbourne vs Great Southern Bank
Compare Bank of Melbourne and Great Southern Bank savings accounts side by side. In March 2026, Bank of Melbourne offers 2 accounts with rates up to 4.85% p.a., while Great Southern Bank has 5 accounts reaching 5.00% p.a. Great Southern Bank currently leads by 0.15%.
VS
5 live products
Great Southern Bank
Best available rate
5.00%p.a.
Youth Esaver
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
5.00%
Bonus
0.00%
Conditions
No monthly hoops
Live edge
Great Southern Bank leads on headline savings rate by 0.15% p.a. right now. Use the feature table below to see whether that edge comes with extra conditions.
0.15% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Bank of Melbourne | Great Southern Bank |
|---|---|---|
| Max rate | 4.85% | 5.00% |
| Base rate | 1.00% | 5.00% |
| Bonus rate | 0.00% | 0.00% |
| Has conditions | No | No |
All Bank of Melbourne Products
Every tracked savings accounts option from Bank of Melbourne.
All Great Southern Bank Products
Every tracked savings accounts option from Great Southern Bank.
In March 2026, Bank of Melbourne's Maxi Saver offers up to 4.85% p.a., while Great Southern Bank's Youth Esaver reaches 5.00% p.a.. Great Southern Bank currently leads by 0.15% p.a.
Bank of Melbourne's rate includes an introductory component for 6 months. Great Southern Bank's rate applies on balances up to $5,000.
Bank of Melbourne has 2 savings products and Great Southern Bank has 5, giving you a range of options to compare.
Quick Comparison
| Feature | Bank of Melbourne | Great Southern Bank |
|---|---|---|
| Max Rate | 4.85% | 5.00% |
| Base Rate | 1.00% | 5.00% |
| Bonus Rate | 0.00% | 0.00% |
| Conditions Required |
Common Questions
Bank of Melbourne vs Great Southern Bank FAQs
Which bank has the better savings rate, Bank of Melbourne or Great Southern Bank?
Great Southern Bank currently offers the higher rate at 5.00% p.a., compared to 4.85% p.a. Rates are sourced from live data and change frequently.
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.
What is Great Southern Bank's best savings account rate in 2026?
Great Southern Bank's best savings rate is 5.00% p.a. on the Youth Esaver.
Do Bank of Melbourne and Great Southern Bank savings accounts have conditions?
Neither Bank of Melbourne nor Great Southern Bank requires ongoing conditions for their top savings rates.