🏦
Bank profile
LiveBank of Melbourne savings accounts
As of 18 September 2026, Bank of Melbourne has one savings account tracked by BankMate. It pays 5.15% p.a. total, which ranks 29th of 93 accounts and sits 0.29 points above the market average of 4.86%. Its rates last changed on 31 August 2026.
- Top rate
- 5.15%
- Total rate, conditions met
- Market rank
- #29
- of 93 accounts
- Market average
- 4.86%
- +0.29 for the top rate
- Last change
- 31 Aug 2026
- 3 changes on record
Rates over time
Total rate, conditions met- Incentive Saver
- RBA cash rate
- Market average
What changed
3 changes since 1 Mar 2026- Incentive Saver 5.15 → 5.150.00
- Incentive Saver 4.90 → 5.159 days after the RBA rise to 4.35%+0.25
- Incentive Saver 4.65 → 4.909 days after the RBA rise to 4.10%+0.25
Accounts
Ranked by total rate- Rate
0.01% base plus 5.14% bonus when the conditions are met, on balances up to $1,000,000. Last changed 31 Aug 2026 (restructured).
Rate by balanceUp to $1M5.15%$1.0M+5.15%Conditions for the bonus rate- Balance growth
- $50/month
- Balance range
- $0 - $1,000,000
- Age
- 14+ years
Total rate is base plus bonus, assuming every monthly condition is met. Rank is among the 93 savings accounts BankMate tracks. Compare all accounts
Notes from savers
to leave a note.