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 MOVE Bank
Compare Bank of Melbourne and MOVE Bank savings accounts side by side. In March 2026, Bank of Melbourne offers 2 accounts with rates up to 4.85% p.a., while MOVE Bank has 3 accounts reaching 5.15% p.a. MOVE Bank currently leads by 0.30%.
VS
3 live products
MOVE Bank
Best available rate
5.15%p.a.
Growth Saver
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.10%
Bonus
5.05%
Conditions
Bonus rules apply
Live edge
MOVE Bank leads on headline savings rate by 0.30% p.a. right now. Use the feature table below to see whether that edge comes with extra conditions.
0.30% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Bank of Melbourne | MOVE Bank |
|---|---|---|
| Max rate | 4.85% | 5.15% |
| Base rate | 1.00% | 0.10% |
| Bonus rate | 0.00% | 5.05% |
| Has conditions | No | Yes |
All Bank of Melbourne Products
Every tracked savings accounts option from Bank of Melbourne.
All MOVE Bank Products
Every tracked savings accounts option from MOVE Bank.
In March 2026, Bank of Melbourne's Maxi Saver offers up to 4.85% p.a., while MOVE Bank's Growth Saver reaches 5.15% p.a. (0.10% base + 5.05% bonus). MOVE Bank currently leads by 0.30% p.a.
MOVE Bank's top rate requires meeting bonus conditions each month, while Bank of Melbourne offers its rate with no ongoing requirements. Bank of Melbourne's rate includes an introductory component for 6 months. MOVE Bank's rate applies on balances up to $25,000.
Bank of Melbourne has 2 savings products and MOVE Bank has 3, giving you a range of options to compare.
Quick Comparison
| Feature | Bank of Melbourne | MOVE Bank |
|---|---|---|
| Max Rate | 4.85% | 5.15% |
| Base Rate | 1.00% | 0.10% |
| Bonus Rate | 0.00% | 5.05% |
Common Questions
Bank of Melbourne vs MOVE Bank FAQs
Which bank has the better savings rate, Bank of Melbourne or MOVE Bank?
MOVE Bank currently offers the higher rate at 5.15% 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 MOVE Bank's best savings account rate in 2026?
MOVE Bank's best savings rate is 5.15% p.a. on the Growth Saver, consisting of a 0.10% base rate and 5.05% bonus rate. This rate requires meeting monthly bonus conditions.
Do Bank of Melbourne and MOVE Bank savings accounts have conditions?
Bank of Melbourne's top rate has no ongoing conditions, while MOVE Bank requires meeting bonus conditions each month to earn the full advertised rate.