Bank of Melbourne Business Access Saver

savings accountlinked accountterms checked

Business Access Saver is a savings account from Bank of Melbourne. At $50,000 it pays 0.95% p.a. with no bonus conditions.

Rate tiers

Every balance band in the bank's feed: base is the rate the bank pays.

Each rate is paid on the whole balance: the balance falls into one band and earns that band's rate.

Conditions

• you need a Bank of Melbourne business transaction account (Freedom Business); one is opened with the savings account if you have none
• the applicant and every signatory must be 18 or over

Features

app

yes

PayTo

yes

Other features, in the bank's words:

• No account-keeping and transfer fees: For no monthly fee, make unlimited electronic transfers to and from your linked Bank of Melbourne account
• Earn interest on your savings. Your savings will attract a variable interest rate, earned daily and paid monthly.
• Regularly deposit funds to grow savings balance.
• No minimum deposits or balances: Build your savings balance at your own pace, with no pressure for a minimum deposit each month
• No lock-in contract with a fixed term: Enjoy the flexibility of accessing your savings whenever you need them, with no restrictions.
• Make tax time easier by separating personal and business transactions

Fees, limits and who can open it

monthly fee

$0

interest paid

monthly

interest calculated

daily

age

ages 18 and over

open to

SMSF and business customers

linked account

a linked or nominated transaction account is required

Who can open it, in the bank's own words:

• residency: Operating in Australia with an Australian address.
• Must not be an individual using the account for predominantly personal purposes
• Eligible entities include sole traders, partnerships, companies, associations, self-managed super funds, trusts and not-for-profit organisations
• Needs an eligible Bank of Melbourne business transaction account to link to

About this account

A business savings account that allows you to set money aside for payments such as GST and other taxes.

Data

• Bank of Melbourne's own page for this account.
• The bank's documents its product record links to: terms and conditions, fees, eligibility.
• Our verbatim snapshot of the bank's product record (source), as fetched on 13 November 2026.
• We read the bank's own page and terms against this page on 1 November 2026: business-access-saver, business_accounts_terms.pdf; conditions they state and its feed does not are listed above.
• /au/finance/savings-accounts/v1/brands/bank-of-melbourne.json: this bank's accounts and every balance band as JSON; Bank of Melbourne's page lists them.
• The bank last updated this record on 13 November 2026. Rates are per annum as the bank states them; "stale" means the bank has not updated the record for over 60 days or since the latest cash rate change.

Other accounts at Bank of Melbourne

• Incentive Saver savings account, 5.65% conditional at $50,000
• Maxi Saver savings account, 1.25% base at $50,000
• Retirement Access Account savings account, 1.73% base at $50,000
• Investment Cash Accountsstale cash management account, 0.10% base at $50,000
• Business Cheque Account Plusstale transaction account, 0.00% base at $50,000
• Complete Freedom Accountstale transaction account
• Concession Accountstale transaction account
• Freedom Business Accountstale transaction account, 0.00% base at $50,000
• Society Cheque Accountstale transaction account, 0.00% base at $50,000

All of Bank of Melbourne's accounts on its page, with its best rates per segment and rate kind, and every account at every bank.