A business savings account that allows you to set money aside for payments such as GST and other taxes.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Applies to | Conditions | Source | Since |
|---|---|---|---|---|
| 0.55% | Variable · $0–$4,999 | Business customers | CDR | 1 Nov 2026 |
| 0.55% | Variable · $5,000–$9,999 | Business customers | CDR | 1 Nov 2026 |
| 0.55% | Variable · $10,000–$24,999 | Business customers | CDR | 1 Nov 2026 |
| 0.55% | Variable · $25,000–$49,999 | Business customers | CDR | 1 Nov 2026 |
| 0.75% | Variable · $50,000–$249,999 | Business customers | CDR | 1 Nov 2026 |
| 1.30% | Variable · $250,000–$499,999 | Business customers | CDR | 1 Nov 2026 |
| 1.30% | Variable · $500,000–$999,999 | Business customers | CDR | 1 Nov 2026 |
| 1.45% | Variable · $1,000,001 or more | Business customers | CDR | 1 Nov 2026 |
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Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://digital-api.bankofmelbourne.com.au/cds-au/v1/banking/products/BOMSavBusBusinessAccessSaver- Content hash
sha256 35906d976c4b7165402af1da8dbb4948e073d038d3b51ccf6db1439b5bfe93d6- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_35906d976c4b7165_04a73931Show details
- Checked
- 1 Nov 2026
- URL
https://digital-api.bankofmelbourne.com.au/cds-au/v1/banking/products/BOMSavBusBusinessAccessSaver- Content hash
sha256 35906d976c4b7165402af1da8dbb4948e073d038d3b51ccf6db1439b5bfe93d6- Excerpt
- —
- Rule version
mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee | Periodic | $0.00 |
| Staff assisted deposit | Deposit | $3.00 |
| Internet Banking | Transaction | $0.00 |
| Phone Banking | Transaction | $0.00 |
| Direct Credit | Deposit | $0.00 |
| Cheque collected or deposited | Deposit | $3.00 |
| Collection Item | Transaction | $3.00 |
| Monthly transaction allowance | Transaction | $0.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Digital banking | Access funds anytime, anywhere: Manage your savings online and on mobile, making transfers via a Bank of Melbourne everyday account. | |
| Other | No account-keeping and transfer fees: For no monthly fee, make unlimited electronic transfers to and from your linked Bank of Melbourne account | |
| Other | Earn interest on your savings. Your savings will attract a variable interest rate, earned daily and paid monthly. | |
| Other | Regularly deposit funds to grow savings balance. | |
| Other | No minimum deposits or balances: Build your savings balance at your own pace, with no pressure for a minimum deposit each month | |
| Fraud protection | We'll repay any missing funds if your account is compromised by Internet fraud, as long as you've complied with our T&Cs. | |
| Other | No lock-in contract with a fixed term: Enjoy the flexibility of accessing your savings whenever you need them, with no restrictions. | |
| Other | Make tax time easier by separating personal and business transactions | |
| Digital banking | Access to your funds anytime - online, mobile, tablet, branch - with SMS and email alerts to keep track of your account activity | |
| Digital banking | With PayTo, you can see, review and authorise all new PayTo payments for things such as recurring bills, memberships and subscriptions before the money leaves your account. | |
| Other | Statements: At least every 6 months statements are available | |
| Other | Direct Credits is available | |
| Eligibility: min age | 18 | Applicant plus all signatories |
| Eligibility: residency status | Operating in Australia with an Australian address. | |
| Eligibility: other | Must not be an individual using the account for predominantly personal purposes | |
| Eligibility: other | Eligible entities include sole traders, partnerships, companies, associations, self-managed super funds, trusts and not-for-profit organisations | |
| Eligibility: other | Needs an eligible Bank of Melbourne business transaction account to link to |
Rate history
| Rate | From | To | Rate p.a. |
|---|---|---|---|
| Variable · $0–$4,999 | 1 Nov 2026 | Current | 0.55% |
| Variable · $1,000,001 or more | 1 Nov 2026 | Current | 1.45% |
| Variable · $500,000–$999,999 | 1 Nov 2026 | Current | 1.30% |
| Variable · $10,000–$24,999 | 1 Nov 2026 | Current | 0.55% |
| Variable · $5,000–$9,999 | 1 Nov 2026 | Current | 0.55% |
| Variable · $50,000–$249,999 | 1 Nov 2026 | Current | 0.75% |
| Variable · $25,000–$49,999 | 1 Nov 2026 | Current | 0.55% |
| Variable · $250,000–$499,999 | 1 Nov 2026 | Current | 1.30% |
Tags
| Tag | Meaning | Effect |
|---|---|---|
segment:business | Business customers | Listed with business products, not personal ones |
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