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Bank of Melbourne savings accounts

Bank of Melbourne’s highest savings rate is , on Incentive Saver. It’s open to who do .
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All 2 accounts· ranked among 151

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Maxi Saver opens only beside one.

Bank of Melbourne Complete Freedom Account debit card
Complete Freedom AccountNo monthly fee
3%on spending overseas
$5 bank feeat an overseas ATM
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Overseas ATM: this is the bank’s own fee. The ATM’s owner may charge its own fee on top, which banks don’t publish, so it isn’t counted.

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October 20261 change

  1. 9Fri
    • Incentive Saver5.15 → 5.40Bonus rate 5.14% → 5.39% · 9 days after the RBA rise to 4.60%
      +0.25

August 20261 change

  1. 31Mon
    • Incentive Saverbase and bonus changed, total still 5.15Base 0.10% → 0.01%, bonus 5.05% → 5.14%
      Same total

May 20261 change

  1. 15Fri
    • Incentive Saver4.90 → 5.15Bonus rate 4.80% → 5.05% · 9 days after the RBA rise to 4.35%
      +0.25

March 20261 change

  1. 27Fri
    • Incentive Saver4.65 → 4.90Bonus rate 4.55% → 4.80% · 9 days after the RBA rise to 4.10%
      +0.25

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As of 1 November 2026, Bank of Melbourne has two savings accounts tracked by BankMate. Its Incentive Saver pays 5.40% p.a. total, which ranks 26th of 151 accounts and sits 1.03 points above the market average of 4.37%. Its rates last changed on 9 October 2026. From Bank of Melbourne's Consumer Data Right feed, refreshed nightly. Total rate is base plus bonus, with every monthly condition met. Compare savings accounts ·