bank of melbourne term deposit interest rates

Increases will come into effect from 18 October, 2022. for new customers for the first five months. The Westpac eSaver total variable interest rate will also increase by 0.25% p.a. It has also increased its Spend&Save account for 18-29 year olds, eligible customers can now earn a total variable interest rate of 3.75% p.a., an increase of 0.25% p.a. Westpac will increase the Westpac Life total variable rate with bonus interest by 25 basis points to 2.60% p.a. To receive ubank's rate of 3.60% for balances up to $250,000, customers need to simply deposit $200 per month into any ubank account. Ubank's increase will see the bank increase its savings rate to 3.60% p.a - a base rate of 0.10% and a bonus rate of 3.50%. View disclaimer.ĭigital bank ubank has announced a 0.25% increase to both 'Save' and 'USave' savings accounts effective 1 November. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. The link to a product provider’s website will allow you to get more information or apply for the product.īy de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. Need somewhere to store cash and earn interest? The table below features savings accounts with some of the highest interest rates on the market.Īll products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. This page will detail the latest rate change announcements for savings accounts and term deposits following the RBA's 25 basis point rate hike - be sure to check back here regularly. ANZ will increase ANZ Plus Save accounts to 3.25% p.a.MyState Bank will increase its Bonus Saver account to 3.60% p.a.Macquarie Bank will increase its four-month introductory savings account rate to 4.00% p.a.Westpac will increase Spend&Save accounts for under-30s to 3.75% p.a.ubank will increase Save and USave accounts to 3.60% p.a.ING will increase Savings Maximiser accounts to 4.05% p.a.Bank of Queensland (BOQ) will increase Future Saver accounts to 4.10% p.a.For September's 2022 movements, see this page.For the most up to date movements from November 2022, see this page.

Many of the banks passed on savings account and term deposit rate increases last month following the RBA's September decision, with savers left to expect a similar outcome this month.

Bank of melbourne term deposit interest rates