It was a similar story over at the bank's subsidiaries Virgin Money and ME Bank. It didn't mention its Future Saver account, which currently boasts a total rate of 5.40% p.a., nor any of its other savings accounts. Bank of QueenslandīOQ has responded to the RBA's latest hike, increasing its variable home loan interest rates. The interest rate offered to customers entering a six month term deposit will also increase by 25 basis points to 5.05% p.a. interest rate to customers locking $10,000 or more away in a 12-month term deposit – 30 basis points higher than its current rate. for balances over $150,000, effective 14 November.įrom that same date, the bank will offer a market leading 5.30% p.a. Though, it did announce it will increase the interest rate offered on its Savings Accelerator product by 35 basis points to 4.70% p.a. ING responded to the latest rate hike on Thursday without mentioning its cult-favourite Savings Maximiser account. on its PremiumSaver Account to those who grow their balance by at least $200 each month and a rate of up to 5.25% p.a. The bank also offers a maximum rate of 5.10% p.a. bonus rate, the latter of which is only available for the first four months.įor balances of over $250,000, the standard rate decreases to 3.40% p.a. That leaves it a significant 20 basis points above the rate offered by the market's next best, ME Bank's HomeME, which boasts a conditional 5.55% p.a. for balances of up to $250,000 more than a week after the central bank's move. It bolstered the introductory interest rate on its High Interest Savings Account by 15 basis points to 5.75% p.a. Market leader Rabobank left savings account fanatics biting their nails after the RBA's November hike. 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. All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers.

Bank of melbourne term deposits rates