Bank of Melbourne updates Incentive Saver to 4.65%
Published 13 February 2026Effective 13 February 2026
Bank of Melbourne has increased the rate on its Incentive Saver savings account by 25 basis points to 4.65% p.a., from a previous rate of 4.40%.
Bank of Melbourne
Incentive Saver
New Rate
4.65%
Previous rate: 4.40%+0.25%
Illustrative Example
For illustrative purposes, a $10,000 deposit at 4.65% would earn approximately $465 per year in interest. That is $25 more per year compared to the previous rate.
Notes
Bank of Melbourne increased rate by 0.25% to 4.65%
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.