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Bank of Melbourne

As of 18 September 2026, Bank of Melbourne has 14 products across five of the 8 pillars BankMate tracks: 1 savings account, 4 credit cards, 5 home loans, 1 term deposit and 3 personal loans. Its highest-placed product is Amplify Qantas Signature at $905 net bonus, 2nd of 51 bonus cards. Its rates last moved on 31 August 2026.

Savings accounts· 1Credit cards· 4Home loans· 5Term deposits· 1Personal loans· 3
Pillars
5 of 8
No superannuation, share trading, crypto exchange
Products tracked
14
1 savings account · 4 credit cards · 5 home loans
Highest placed
#2
Amplify Qantas Signature · of 51 bonus cards
Last change
31 Aug 2026
5 changes on record

What changed

5 changes across 2 pillars since 1 Mar 2026
  1. Savings accountsIncentive Saver 5.15 → 5.15Base 0.10% → 0.01%, bonus 5.05% → 5.14%
    0.00
  2. Term depositsTerm Deposit · 9 terms cut 0.25 to 0.50
    mixed
  3. Savings accountsIncentive Saver 4.90 → 5.15Bonus rate 4.80% → 5.05% · 9 days after the RBA rise to 4.35%
    +0.25
  4. Term depositsTerm Deposit · 12-month 3.95 → 5.0037 days after the RBA rise to 4.10%
    +1.05
  5. Savings accountsIncentive Saver 4.65 → 4.90Bonus rate 4.55% → 4.80% · 9 days after the RBA rise to 4.10%
    +0.25

Savings accounts · 1

Total rate, conditions met · ranked among 94 accounts

Full savings accounts record for Bank of Melbourne →

Total rate is base plus bonus, assuming every monthly condition is met. Full savings history for Bank of Melbourne · Compare all savings accounts

Credit cards · 4

Ranked by bonus net of first-year fee · of 51 bonus cards

Qantas Frequent Flyer · 2

  • Amplify Qantas Signature

    0.5 Qantas Frequent Flyer pts per $ · $295 fee · domestic lounges

    $905#2 of 51
  • Amplify Qantas Platinum

    0.35 Qantas Frequent Flyer pts per $ · $175 fee

    $625#12 of 51

Amplify Rewards Points · 2

  • Amplify Rewards Signature

    1 Amplify Rewards Points pts per $ · $295 fee, $199 in year 1 · domestic lounges

    $801#7 of 51
  • Amplify Rewards Platinum

    1 Amplify Rewards Points pts per $ · $175 fee, $99 in year 1

    $401#26 of 51

Full credit cards record for Bank of Melbourne →

Points are valued at BankMate's cents-per-point assumptions. Net figures deduct the first-year fee only. Compare all credit cards · Card report

Home loans · 5

Headline variant: owner-occupier · P&I · ≤80% LVR · comparison rate

Variable · 4

Fixed · 1

  • Fixed Rate Home Loan

    5yr Fixed · P&I · Owner-occupier · ≤70% LVR · redraw · 55 variants

    1y 8.69%2y 8.46%3y 8.33%4y 8.23%5y 8.09%
    8.00%#44 of 49

Full home loans record for Bank of Melbourne →

Investor, interest-only and other LVR-band variants sit behind each product; ranks are within the variant's own cohort. Compare all home loans · Home loan report

Term deposits · 1

Best rate per product, by term · ranked within each term
  • Term Deposit

    interest at maturity or annually or monthly · from $0 · 12 terms

    3 mo 3.40%6 mo 3.55%9 mo 3.70%1 yr 4.75%2 yr 4.50%
    4.75%#291 of 590

Full term deposits record for Bank of Melbourne →

Rank compares deposits within the same headline term, as the Term deposit report does. Compare all term deposits

Personal loans · 3

Comparison rate · ranked within unsecured or secured loans

Unsecured · 2

  • Unsecured Fixed Personal Loan

    Unsecured · fixed · car loan · $250 application · $15/mo

    8.41%#86 of 212
  • Unsecured Variable Personal Loan

    Unsecured · variable · car loan · $250 application · $15/mo

    8.41%#86 of 212

Secured · 1

  • Secured Fixed Personal Loan

    Secured · fixed · car loan · $250 application · $15/mo

    7.90%#18 of 48

Full personal loans record for Bank of Melbourne →

Lenders publish the lowest rate in their range; the rate offered depends on the applicant. Compare all personal loans · Personal loan report

Bank of Melbourne has no superannuation, share trading or crypto exchange that BankMate tracks. It is not part of a larger group on our register.

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