Savings account
Incentive Saver
Current savings rate from Bank of Melbourne. Compare the ongoing rate, bonus conditions, introductory offers, and eligibility in one place.
To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0
What to know
This page focuses on the ongoing rate: 5.15% p.a. That is the rate after any honeymoon period ends.
To earn the full rate, you need to meet these conditions: To earn Bonus interest rates, grow your account by at least $50 a month (for customers 21 or over) or $0.01 a month (for customers under 21) and keep your balance above $0
Eligibility: minimum age 14 .