ME Savings Accounts
Compare ME savings accounts
Considering a savings account from ME? The table below displays a snapshot of ME savings accounts on Canstar’s database. These results are based on a regular saver profile in NSW with $10,000 in current savings.
To see the definition of a regular saver and other profiles used in Canstar’s Star Ratings, view Canstar’s savings account methodology here. Or you can search our database for a savings account to suit your needs.
What savings accounts does ME offer?
ME offers the following savings accounts at the time of writing:
Online Savings Account
A flexible, high-interest account with no account-keeping fee or minimum opening deposit.
You can view the current interest rates on ME savings accounts in our comparison tables.
Do ME savings accounts require a linked transaction account?
Yes, ME require an Everyday Transaction Account to be lined to its Savings Account in order to earn the highest available interest rate. ME also requires savers to make a weekly ‘tap & go’ payment with their Everyday Transaction Account debit card in order to be eligible for the bonus interest.
You can compare transaction accounts with Canstar here to potentially find one that suits your requirements.
Does ME charge fees on its savings accounts?
Savings accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. ME doesn’t charge domestic banking fees on its Savings Account at the time of writing (7/08/18), although some fees may apply for international transactions according to ME’s fees and charges guide.
What does ME offer in terms of mobile banking for savings accounts?
ME offers both online and mobile banking for its savings products, with its app available in both the Apple and Google store. Notable features of ME’s mobile banking include:
- Check balances without signing in
- Log in with your fingerprint on devices with Touch ID
- Quick access to your BSB and account numbers
How to apply for a ME savings account
Before applying for a ME savings account, consider comparing it against other savings accounts on the market to ensure it is the right one for you. You can then apply for a ME savings account online, provided you have the correct documentation:
- At least one form of ID, such as your driver’s license or passport
- Accurate personal information, such as your name, date of birth, address and phone number
ME does not require you to deposit a minimum amount before activating the account.
Related article: How to change bank accounts
When applying for a ME savings account, you will also have to meet the following eligibility requirements:
- Be at least 12 years old
- An Australian resident for tax purposes
What other banking products does ME provide?
ME provides a variety of different products to consumers, including:
ME Bank was founded in 1994. It is a digital-only bank and has no physical branches. In 2021, it was acquired by Bank of Queensland.