--- title: "Maxi Saver — Bank of Melbourne" description: "Transaction & Savings Accounts from Bank of Melbourne. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/bank-of-melbourne/products/BOMSavMaxiSaver source: "CDR Compare" language: en-AU last_updated: 2026-07-29T05:50:36Z --- # Maxi Saver — Bank of Melbourne > Transaction & Savings Accounts from Bank of Melbourne. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Transaction & Savings Accounts** A savings account that offers a great interest rate with access to funds through a linked account via Internet and Phone Banking. ## At a glance - **Base rate:** 1.25% - **Intro rate:** 3.65% (conditions apply) ## Apply Applications are handled by the provider: [Apply at Bank of Melbourne](https://www.bankofmelbourne.com.au/personal/bank-accounts/savings-accounts/maxi-saver/summary) ## Interest rates | Type | Rate | Comparison | Applies to | | --- | --- | --- | --- | | Penalty (The Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted on the last business day of each month) using the then current ULR until the account balance is positive again.) | 15.01% | — | — | ## Deposit rates | Type | Rate | Applies to | Interest paid | | --- | --- | --- | --- | | Introductory · 6 months (The introductory bonus rate for the first 6 months as a new Maxi Saver customer. · Minimum deposit amount) | 3.65% | 0 - 4999999 | monthly | | Variable (Standard variable rate after the first 6 months. All variable rates are subject to change. · Minimum deposit amount) | 1.25% | 0 - 4999999 | monthly | | Introductory · 6 months (The introductory bonus rate for the first 6 months as a new Maxi Saver customer. · Minimum deposit amount) | 3.65% | 5000000+ | monthly | | Variable (Standard variable rate after the first 6 months. All variable rates are subject to change. · Minimum deposit amount) | 1.25% | 5000000+ | monthly | | Bonus · 6 months (Open an account online and earning an extra online bonus rate for the first 6 months. For a limited time only. New Maxi Saver customers only. Offer may be varied or withdrawn at any time. · Minimum deposit amount) | 0.45% | 0 - 4999999 | every 6 months | | Bonus · 6 months (Open an account online and earning an extra online bonus rate for the first 6 months. For a limited time only. New Maxi Saver customers only. Offer may be varied or withdrawn at any time. · Minimum deposit amount) | 0.45% | 5000000+ | every 6 months | ## Fees | Fee | Type | Amount | | --- | --- | --- | | Account Keeping Fee — Charged monthly | Ongoing | $0.00 | | Internet Banking | Transaction | $0.00 | | Phone Banking | Transaction | $0.00 | | Staff assisted (branch and telephone) | Withdrawal | $0.00 | | Frequent Statement | Event | $0.00 | | Collection Item | Event | $0.00 | | Overdrawn Fee | Event | $15.00 | | Overseas Withdrawal | Withdrawal | $5.00 | ## Features - **Cashback offer** — 50.00 ($50 cashback on your new account. Open a new Complete Freedom account with an eligible savings account by 30 September 2026. Spend $50 or more within 15 days, and we?ll drop $50 straight into your savings. T&Cs apply.) - **Easy access : Unlimited online access to your savings with a linked transaction account.** - **Uncapped saving : Interest is calculated on the total balance of your Maxi Saver with no limit on deposit amounts.** - **Government guarantee : The Financial Claims Scheme guarantees deposits to a cap of $250,000 per account-holder.** - **Quick Balance : Know exactly how much money you have on hand, at a glance at your smartphone or watch.** - **No limit on the number of accounts that customer can hold, but only the first Maxi Saver account opened with you as an account holder will be eligible for the introductory bonus interest** - **Account can be opened via Online and mobile (minimum age may apply), in branch and phone.** - **No minimum opening balance for this account** - **Statements : 6 monthly, or more frequently on request.** - **Digital banking** (Online , Mobile and telephone banking is available and alerts will be received) - **Earn interest on every dollar when you maintain a positive balance. Intro Fixed Rate 6 month intro fixed rate for new customers. Freedom to access your savings and earn interest on every dollar when you maintain a positive balance** - **Fraud protection** (The product includes FRAUD_PROTECTION features.) - **Relationship management** (RELATIONSHIP_MANAGEMENT is available for eligible customers.) ## Eligibility - **An account may be opened in a child's name when the child is under 14, with a parent, guardian, or grandparent as authorised signatory.** - **Residency status** — Those with an Australian residential address and who are currently in Australia. ## More information from Bank of Melbourne - [Overview](https://www.bankofmelbourne.com.au/personal/bank-accounts/savings-accounts/maxi-saver) - [Terms & conditions](https://www.bankofmelbourne.com.au/content/dam/bom/downloads/personal/bank-accounts/SavInvesTransAccounts_Terms.pdf) - [Eligibility](https://www.bankofmelbourne.com.au/personal/bank-accounts/savings-accounts/maxi-saver) - [Fees & pricing](https://www.bankofmelbourne.com.au/content/dam/bom/downloads/personal/bank-accounts/SavInvesTransAccounts_Terms.pdf) ## Data provenance - Published by Bank of Melbourne under the Consumer Data Right - Product ID: `BOMSavMaxiSaver` - Last updated by the provider: 29 July 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-of-melbourne/BOMSavMaxiSaver - Provider page: https://www.cdrcompare.au/brands/bank-of-melbourne - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000142 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-of-melbourne/products/BOMSavMaxiSaver) — product data published by Australian data holders under the Consumer Data Right. 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