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 Up
Compare Bank of Melbourne and Up savings accounts side by side. In March 2026, Bank of Melbourne offers 2 accounts with rates up to 4.85% p.a., while Up has 1 account reaching 4.85% p.a.
VS
1 live product
Up
Best available rate
4.85%p.a.
Up Saver
Highest ranked offer currently surfaced for this bank on the compare page.
Base rate
0.00%
Bonus
4.85%
Conditions
Bonus rules apply
Live edge
Bank of Melbourne and Up are level on headline savings rate. Base rate and bonus conditions will decide the better real-world option.
Rates level
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | Bank of Melbourne | Up |
|---|---|---|
| Max rate | 4.85% | 4.85% |
| Base rate | 1.00% | 0.00% |
| Bonus rate | 0.00% | 4.85% |
| Has conditions | No | Yes |
All Bank of Melbourne Products
Every tracked savings accounts option from Bank of Melbourne.
All Up Products
Every tracked savings accounts option from Up.
In March 2026, Bank of Melbourne's Maxi Saver offers up to 4.85% p.a., while Up's Up Saver reaches 4.85% p.a.. Both banks are offering the same headline rate.
Bank of Melbourne offers its top rate unconditionally, while Up requires monthly conditions. Bank of Melbourne's rate includes an introductory component for 6 months.
Bank of Melbourne has 2 savings products and Up has 1, giving you a range of options to compare.
Quick Comparison
| Feature | Bank of Melbourne | Up |
|---|---|---|
| Max Rate | 4.85% | 4.85% |
| Base Rate | 1.00% | 0.00% |
| Bonus Rate | 0.00% | 4.85% |
| Conditions Required | No |
Common Questions
Bank of Melbourne vs Up FAQs
Which bank has the better savings rate, Bank of Melbourne or Up?
Bank of Melbourne currently offers the higher rate at 4.85% 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 Up's best savings account rate in 2026?
Up's best savings rate is 4.85% p.a. on the Up Saver. This rate requires meeting monthly bonus conditions.
Do Bank of Melbourne and Up savings accounts have conditions?
Bank of Melbourne's top rate has no ongoing conditions, while Up requires meeting bonus conditions each month to earn the full advertised rate.